XGLOBAL Markets Review 2024

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What is XGLOBAL Markets?

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XGLOBAL Markets is a leading provider of Over The Counter (OTC) derivatives for self-directed traders. It offers a wide range of services and products, including forex trading, which allows traders to speculate on currency demand, economic performance, and government policy between nations. The firm is run by a team that is passionate about electronic trading and has decades of experience in the FX and Futures markets. This expertise allows XGLOBAL Markets to offer a high-quality trading experience to its clients. One of the key strategies of XGLOBAL Markets is to cover net trade exposures with third-party liquidity providers at all times. This approach ensures that the goals of the firm are in alignment with its clients. As a result, clients with profitable accounts over the longest term often end up being the most profitable clients for the firm. In addition to forex trading, XGLOBAL Markets also allows traders to trade in the performance of the global equity markets with their major global indices. Traders can position their funds against the price of oil and gas and take advantage of significant volatility. Moreover, XGLOBAL Markets offers the opportunity to take advantage of the rapid fluctuation of price seen in Gold and Silver. Traders can also analyze the performance of global names and trade shares listed on major stock markets. XGLOBAL Markets provides different types of accounts to cater to the diverse needs of traders. These include the XG Zero Account, XG Islamic Account, and XG Raw Account. Each account type offers unique features and benefits to provide a tailored trading experience. Finally, XGLOBAL Markets is authorized and regulated by CySEC, ensuring a safe and transparent trading environment. It also offers a low latency feed and order execution without delay through its MetaTrader 5 platform. Whether on the desk or on the go, traders stay in control with XGLOBAL Markets’ full range of trading platforms.

What is the Review Rating of XGLOBAL Markets?

Forexbrokersinfo.com is regularly checking the ratings of XGLOBAL Markets at forex broker review sites.
XGLOBAL Markets has been reviewed and rated by:
  • 55brokers: 55brokers rated XGLOBAL Markets with a score of 85. This rating was last checked at 2024-01-06 03:28:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
  • Trustpilot: Trustpilot rated XGLOBAL Markets with a score of 88. This rating was last checked at 2024-01-05 21:10:03. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
  • Wikifx: Wikifx rated XGLOBAL Markets with a score of 66. This rating was last checked at 2024-03-15 06:27:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
The Weighted Average Review Rating calculated by Forexbrokersinfo for XGLOBAL Markets is 39.

What are the Pros of XGLOBAL Markets?

XGLOBAL Markets, a forex and CFDs broker, offers several advantages that make it an attractive choice for traders. Here are some of the key benefits:. Regulation: XGLOBAL Markets is regulated by the Cyprus Securities & Exchange Commission (CySEC) and is also registered with the UK Financial Conduct Authority (FCA), plus Germany’s Federal Financial Supervisory Authority (BaFin). This regulatory oversight provides a level of trust and security for traders. Trading Platform: XGLOBAL Markets offers the MetaTrader 5 (MT5) platform. This platform is renowned for its comprehensive features, including prominent technical indicators, automated trading through the MQL5 programming language, advanced charts, and drawing tools. It also includes an email alert system that notifies you when levels are reached. Asset Variety: XGLOBAL Markets offers close to 80 tradable instruments across forex, CFDs, precious metals, energies, and indices. This wide range of assets provides traders with plenty of opportunities to diversify their portfolios. Competitive Spreads: XGLOBAL Markets offers floating spreads starting from 0.4 pips. On major pairs, such as the EUR/USD and GBP/USD, minimum spreads are 0.4 pips and 0.9 pips respectively. This is in line with the spreads offered at leading online brokers. Customer Support and Learning Resources: XGLOBAL Markets provides a host of online learning resources. This makes it a suitable choice for both new and experienced traders. No Withdrawal Fee: XGLOBAL Markets does not charge a withdrawal fee. This allows traders to withdraw their cash at any time up to the balance in their account or margin used. Please note that trading involves risk and it’s important to understand these risks before starting to trade.

What are the Cons of XGLOBAL Markets?

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Is XGLOBAL Markets Regulated and who are the Regulators?

XGLOBAL Markets is indeed a regulated entity. It is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC). The firm holds a Cyprus Investment Firm (CIF) license under the control of CySEC. The license number is 171/12. In addition to its CySEC regulation, XGLOBAL Markets is registered with several other European Economic Area (EEA) regulators. Specifically, it is registered with the Federal Financial Supervisory Authority (BaFin) in Germany, with BaFIN ID 132843. In Italy, XGLOBAL Markets has “EEA Authorized” status and is registered with the Commissione Nazionale per le Società e la Borsa (CONSOB) under registration number 3712. Furthermore, XGLOBAL Markets maintains a registration number with each competent body within the EEA. For details of the registration in other regions, one would need to contact their support. As a European investment firm, XGLOBAL Markets’ legal infrastructure and operational policies are in line with MiFID II directives. The Markets in Financial Instruments Directive (MiFID) is the financial lynchpin of the European Commission’s Financial Actions Plan. It provides coherent regulation of all financial investment services among the 30 member states of the European Economic Area under EU law for the primary purpose of providing consumer protection. The protection of client funds is of paramount importance for XGLOBAL Markets. All client funds are held in segregated accounts within secure banking institutions, safeguarding against their use for any other purpose. XGLOBAL Markets operates this kind of separate account principally to shield client investments from circumstances resulting from risk of any force majeure relating to the company’s activity. Finally, XGLOBAL Markets is a member of the Investor Compensation Fund. This fund serves as a safety net for covered clients and provides compensation in case the company fails to fulfill its financial obligations.