We couldn’t find any additional education materials on the broker’s website, however, after contacting the broker, we received an example to one of their webinars content about CFDs and Vanilla Options (which is available to users after signing up) and it was in-depth and sufficient.
“FXGM’s services are best for intermediate traders, who are able to incorporate technical analysis and market research from Trading Central into their trading styles.”
Due its simplistic style the WebPROfit app is mostly suitable for beginners. While the charting package is sufficient for beginners and intermediate traders. We would not really suggest that this platform suits pros.
Generally their services are best suited for mid-level traders who use simple trading styles. Traders who prefer to use simple indicators, signals and charts are likely to appreciate FXGM services.
Here are some of the “Frequently Asked Questions” about FXGM:
Where is FXGM based?
The FXGM broker firm is based in Cyprus.
How does FXGM make money?
FXGM makes money from spreads and commissions.
How do I deposit in FXGM account?
The payment options accepted are: VISA, MasterCard, Maestro, Bank Transfer, Neteller, Skrill, Klarna, E Merchant Payment Solutions, Entercash, Sofort Banking, EasyEFT
What is the min. deposit for FXGM?
The minimum deposit is $200.
What is the maximum leverage in FXGM?
Maximum leverage is 1:200 exclusively for Professional traders.
How do I open an account with FXGM?
Fill the online form available on the home page of www.fxgm.com
Does FXGM use MetaTrader?
No, FXGM don’t offer MT4 but they use their own proprietary platform “WebPROfit”.
“FXGM is an online broker that offers forex and CFDs for trading. The brand is regulated and therefore there is protection of clients’ funds entrusted into their brokerage firm. The brand offers a proprietary platform called WebProfit.”
The company has implemented the SSL protective protocol on their platforms and website to further protect investors from cyber fraudsters. They also participate in the Investor Compensation Fund (ICF) which will compensate investors up to €20,000 in the case their broker goes bankrupt.
The WebPROfit trading platform is web based and full of relevant tools for analysis, news and efficient trading. The Mobile PROfit is handy and provides all the standard features required for effective trading. FXGM provides several retail accounts for various categories of traders based on investment capital and services desired. Some Research tools such as Economic Calendar, Trading Insider, Analysis from Trading Central and sms services.