FXGM
Regulated By : CySEC
Headquarters : 
Cyprus
Min Deposit : 200 USD
US Clients :
Leverage : 1:400
Established Year : 2007
FXGM Overview
Company Information
| Broker Details | Info |
|---|---|
RegulatorsWhat Is Regulation?Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions. | CySEC |
| Country | Cyprus |
Base CurrenciesWhat is Base Currency?In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses. | USD, EUR |
Type Of BrokersBroker TypesThere are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers. | ECN, STP |
Trading PlatformWhat is Trading Platform?A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. | Desktop, Mobile, MT4 |
| Established Year | 2007 |
| Website Language | English, Arabic, Italian |
| US Clients |
Payment Option
| Method | Getway |
|---|---|
| Acc Funding Methods |  Skrill,  Visa Card,  Master Card,  PayPal |
| Acc Withdrawal Methods | Skrill, Visa Card, Master Card, PayPal |
Transaction Fees
| Getway | Fees |
|---|---|
| Skrill | 2.99% + $0.30 per transaction |
| Visa Card | 1.9% - 2.9% of the transaction amount |
| Master Card | 1.9% - 2.9% of the transaction amount |
| PayPal | 2.9% + $0.30 per transaction |
Trading Account Options
| Type | Info |
|---|---|
Maximum LeverageForex LeverageLeverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses. | 1:400 |
Mini AccountWhat Is Mini Account?A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses. | |
| VIP Accounts | |
Segregated AccountsWhat Is Segregated Account?Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments. | |
| Free Demo Accounts | |
Managed AccountsWhat Is Managed Accounts?A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs. | |
| Pro Account | |
| Minimum Deposit | 200 USD |
Islamic AccountWhat Is Islamic Account?An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. |
Contact Information & Support
| Type | Info |
|---|---|
| Telephone No | +357 22 300 500 |
| info@fxgm.eu | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Artemisia Business Centre, Second Floor, Office 201, 14 Charalambou Mouskou, 2014 Strovolos, Nicosia, Cyprus |
| Website | https://www.fxgm.com |
FXGM Trading Features
Suitable For
| Trader Level | Yes/No |
|---|---|
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading |
Spreads And Commission
| Trader Level | Yes/No |
|---|---|
Minimum SpreadsWhat Is Spreads?The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions. | 0.3 |
| Commission | |
| Fixed Spreads |
Trading Services
| Service | Info |
|---|---|
HedgingWhat Is Hedging?Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. | |
| News Trading | |
ScalpingWhat Is Scalping?Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. | |
| Automated Trading | |
IndicesWhat Is Indices?The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall. | |
CommoditiesWhat Is Commodities?The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities. | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy/Social Tradings |
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