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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

XGLOBAL

Cyprus|10-15 years|
Regulated in Cyprus|Market Making(MM)|United Kingdom European Authorized Representative (EEA) Revoked|High potential risk|

https://www.xglobalmarkets.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

China 4.22
Surpassed 55.10% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25 262002
support@xglobalmarkets.com
https://www.xglobalmarkets.com/
162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus
The WikiFX Score of this broker is reduced because of too many complaints!
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2024-12-21
  • The number of the complaints received by WikiFX have reached 53 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
3

Basic information

Registered region
Cyprus
Operating period
10-15 years
Company Name
X GLOBAL Markets Ltd.
Abbreviation
XGLOBAL
Company employee
--
Customer Service Email Address
support@xglobalmarkets.com
Contact number
0035725262002
Company address
162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus

FX5944873722

Malaysia

He disappeared and blocked me after I paid him 1500.

Exposure

2021-09-22

Khitish Dash20293

India

Hi I am Khitish Dash i deposited $500 to the X global markets but then i tried to withdraw my profits then they rejected my documents and then i given another documents will full verified still they rejected it again and again and finally they blocked my account and blocked my email.

Exposure

2021-09-22

FX3731800868

Hong Kong

This fraud conned you to make investment and then gave no access to withdrawal. Stay away!

Exposure

2020-08-06

FX3313910101

Hong Kong

In the context of sufficient margin, XGLOBAL closed my position compulsorily. My order disappeared inexplicably!

Exposure

2020-08-05

FX3731800868

Hong Kong

It is simply a fraud which cons clients to deposit and the gave no access to it.

Exposure

2020-08-03

FX3731800868

Hong Kong

XGLOBAL conned clients to deposit and gave no access to it.

Exposure

2020-07-30

FX3731800868

Hong Kong

It is simply a fraud which conned you to deposit and gave no access to it.

Exposure

2020-07-28

薄荷小薰

Hong Kong

XGLOBAL promised to give access to withdrawal, but the website collapsed on the night of July 5th. I kept the screenshot. Hope related regulator see to this.

Exposure

2020-07-24

FX3731800868

Hong Kong

This fraud conned you to deposit fund and then give no access to withdrawal.

Exposure

2020-07-23

FX3731800868

Hong Kong

Don’t trade on this fraud which gave no access to withdrawal with grinding reasons.

Exposure

2020-07-19

薄荷小薰

Hong Kong

The withdrawal is unavailable in this fraud platform. Now even the website is disabled. Hope relevant see to this.

Exposure

2020-07-18

FX3731800868

Hong Kong

Fraud platform. Unable to withdraw.

Exposure

2020-07-17

FX3935947922

Hong Kong

XGLOBAL modified clients’ information including bank card number and ID number and gave no accede to fund.

Exposure

2020-07-14

FX3731800868

Hong Kong

XGLOBAL gave no access to withdrawal with the excuse of violation.

Exposure

2020-07-13

FX3731800868

Hong Kong

This fraud induced you to deposit by every mean and gave no access to withdrawal. Don’t make investment here.

Exposure

2020-07-11

薄荷小薰

Hong Kong

Suspected fraud. The company is currently not running properly due to the theft and the company's operation is ceased!

Exposure

2020-07-11

薄荷小薰

Hong Kong

After filling in my personal information, I double checked my bank account number. But when I withdrew the money, the customer service said that my bank account number was wrong. Obviously they modified the bank card number without authorization. I was induced to pay a further verification fee (20%) for withdrawal. Upon my repeated requests, they agreed to return the capital without the profits. However, they failed to refund my capital by the agreed date.

Exposure

2020-07-10

FX3731800868

Hong Kong

This is a fraud platform. Don’t invest with them. They scam with various reasons. Stay away from it.

Exposure

2020-07-09

FX3731800868

Hong Kong

XGLOBAL gives no access to withdrawal with every means and has absconded.

Exposure

2020-07-07

FX3731800868

Hong Kong

This fraud induced clients to deposit and charged varied fees, as well as gave no accede to withdrawal.

Exposure

2020-07-06

57
Account Information
Biz Area
Website
Genealogy
Company Summary
Disclosure
News
Review

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Official website

Website

  • xglobalmarkets.com

    Server Location

    France

    Website Domain Name

    xglobalmarkets.com

    Website

    WHOIS.GODADDY.COM

    Company

    GODADDY.COM, LLC

    Domain Effective Date

    2012-08-01

    Server IP

    88.191.249.182

Genealogy

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Company Summary

Note: XGLOBALs official site - https://www.xglobalmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Registered Country/Region Cyprus
Found 2012
Regulation CYSEC & BaFin
Market Instrument forex, CFDs, precious metals, energy, indices, cryptocurrencies, etc
Account Type XG RAW, XG STANDARD and XG ISLAMIC
Demo Account N/A
Maximum Leverage 1:200
Spread (EUR/USD) From 0.2 pips
Commission XG STANDARD: no; XG RAW: $7.50 per lot
Trading Platform MT4, MT5
Minimum Deposit $100
Deposit & Withdrawal Method debit/credit cards, bank wire transfers, e-wallets and internal transfers

XGLOBAL, a trading name of XGLOBAL Markets Ltd, is an online broker registered in Cyprus and founded in 2012, offering Forex and CFD trading mainly through the MT4 and MT5 platforms.

XGLOBAL is regulated by the Cyprus Securities and Exchange Commission (CySEC) (License No. 171/12) and is also registered with the UK Financial Conduct Authority (FCA) (Registration No. 602404), plus German Federal Financial Supervisory Authority (BaFin) (BaFIN ID 132843). Also, as a European investment firm, XGLOBAL' legal infrastructure and operational policies are in compliance with the MiFID II Directive.

General Information & Regulation

Note: The screenshot date is January 30, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

XGLOBAL offers investors a wide range of financial instruments, including forex, CFDs, precious metals, energy, indices, cryptocurrencies, etc.

Account Types

XGLOBAL has three account types for investors to choose from, namely, the XG RAW account, the XG STANDARD account and the XG ISLAMIC account in swap-free. The minimum deposit for all three types of accounts is 100 USD equivalent.

Leverage

Professional traders can use a leverage level of 1:200. However, due to ESMA restrictions, the maximum leverage available to retail clients is 1:30. The margin call level is 100%.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Spreads vary depending on the type of account and asset. For the XG RAW account, the spreads are 0.2 pips for EURUSD and GBPUSD, and 0.4 pips for USDCHF. With regard to the XG STANDARD account, spreads are obviously wider, 1 pip for EURUSD, 1 pip for GBPUSD and 1.2 pips for USDCHF.

In addition, XGLOBAL charges a commission of $7.50 per lot for the former, while the latter has no commission.

Trading Platform

XGLOBAL offers its clients access to the world's financial markets through the MT4 and MT5 platforms, which are considered to be the latest online Forex and CFD trading platforms available and are suitable for professional or experienced investment clients. They offer a built-in automated trading market and also support both PC and mobile use.

Deposit & Withdrawal

Clients of XGLOBAL can deposit/withdraw funds via debit/credit cards, bank wire transfers, e-wallets and internal transfers. In addition, XGLOBAL does not charge any fees or commissions for deposits/withdrawals, but the company does not process any withdrawal requests to third-party accounts.

Trading Hours

Clients can use the client portal and website at any time, but the trading hours depend on the specific market. XGLOBAL lists the opening hours for each asset in its product description, for example, forex can be traded 24 hours a day, Monday to Friday.

Customer Support

XGLOBALs customer support can be reached by telephone: +357 25 262002, email: support@xglobalmarkets.com. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus.

Pros & Cons

Pros Cons
• Regulated by CYSEC & BaFin • FCA license is revoked
• Multiple trading assets and funding options • Website inaccessible
• MT4 and MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is XGLOBAL regulated?
A 1: Yes. It is regulated by CYSEC & BaFin.
Q 2: At XGLOBAL, are there any regional restrictions for traders?
A 2: Yes. XGLOBAL accepts traders from Austria, Bangladesh, Belarus, Brazil, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong (China), Singapore, United Kingdom and most other countries.
Q 3: Does XGLOBAL offer the industry-standard MT4 & MT5?
A 3: Yes. Both MT4 and MT5 are available.
Q 4: What is the minimum deposit for XGLOBAL
A 4: The minimum initial deposit to open an account is $100.
Q 5: Is XGLOBAL a good broker for beginners?
A 5: Yes. XGLOBAL is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. However, the official site is somehow unavailable currently.

Keywords

  • 10-15 years
  • Regulated in Cyprus
  • Market Making(MM)
  • United Kingdom European Authorized Representative (EEA) Revoked
  • Germany Retail Forex License Revoked
  • High potential risk
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