The easy-to-navigate Glossary features short, comprehensive explanations of the most important market- and trading terms and can be very useful for beginner traders. Users can also access trading education videos in the PROfit platform but these do need to be unlocked by your account manager.
Trading Experience
“FXGM provides a simple and transparent trading offering to trade on different CFD instruments covering Currencies, Shares, Indices, ETFs, Commodities and Cryptocurrencies on a commission-free basis with just spreads and swaps payable on a trade. Users can trade on the simple to use browser-based trading platform PROfit with access to additional trading tools such as AutoChartist and Traders Trends.”
From our observations, FXGM provides a simple and transparent trading offering to trade commission-free on a variety of markets covering financial CFD instruments in Currencies, Shares, Commodities, Cryptocurrencies, Indices and ETFs.
The broker offers users the ability to trade on the simple to use, browser-based, trading platform PROfit, which is also available on mobile. The broker also provides access to additional trading tools such as AutoChartist, a live economic calendar and the Trader Trends indicator directly from the platform as well as live market analysis on the homepage.
While FXGM does not provide access to a demo trading account, they do provide first 10 protected trades which allows you to trade with zero risk on those trades to get acquainted with their platform which is suitable for beginners.
FAQ
Is FXGM regulated?
Yes, by the Cyprus Securities and Exchange Commission and the Financial Sector Conduct Authority of South Africa.
Where is FXGM based?
FXGM is a brand name of Depaho which is based at Artemisia Business Center 14 Charalambou Mouskou 2014, Strovolos Nicosia, Cyprus.
How does FXGM make money?
FXGM makes money mainly through spreads and swaps on certain tradable asset classes and administrative fees in certain situations.
How do I deposit in FXGM account?
Funds can be deposited into a trading account via credit and debit cards, bank wire transfer and e-wallets such as Skrill, PayPal and many more.
What is the min. deposit for FXGM?
The minimum deposit is 200 USD.
How do I withdraw money from FXGM?
Withdrawals can be made from FXGM via credit and debit cards, bank wire transfer and e-wallets such as Skrill, PayPal and many more.
What is the max leverage in FXGM?
The maximum leverage offered by FXGM is 1:30 for Retail clients and 1:200 for Professional Clients.
How do I open an account with FXGM?
An account can be opened at the click of a button on the FXGM website and can be done in just a few steps.
Does FXGM use MetaTrader?
No.
Conclusion
“FXGM offers users the ability to trade on more than 200+ financial instruments covering CFDs on Currencies, Commodities, Indices, Shares, ETFs and Cryptocurrencies on the browser-based PROfit trading platform for web and mobile across accounts for Retail and Professional clients.”
FXGM was founded in 2011 and is a י2brand name of Depaho Ltd, an entity that is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as the Financial Sector Conduct Authority (FSCA) of South Africa.
The broker offers six different types of trading accounts called Basic, Discovery, Silver, Gold, Diamond and VIP. Each account allows for commission-free trading with just spreads and swaps payable depending on the withdrawable equity of your account.
Users can access some unique features such as the ability to have the first 10 protected trades which allows you to trade with zero risk on those trades. The broker also offers access to Autochartist, SMS services, Traders Trend and other trader research tools. Most of these features are in the browser-based PROfit trading platform which is available on web and mobile.
- CySEC and FSCA regulated.
- Commission-free trading available.
- Browser-based PROfit trading platform.
- First ten positions protected.
