Score
XGLOBAL
Cyprus|10-15 years| https://www.xglobalmarkets.com/
Website
Rating Index
Influence
Influence
B
Influence index NO.1
China 4.22Contact
Single Core
1G
40G
1M*ADSL
- 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!
Basic Information
Cyprus
10-15 years Regulated in Cyprus Straight Through Processing(STP) United Kingdom European Authorized Representative (EEA) Revoked High potential riskAccount Information
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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
VIP is not activated.Company Summary
Note: XGLOBAL's official website - 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.
| XGLOBAL Review Summary | |
| Founded | 2012 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, BaFin/FCA (Revoked) |
| Market Instruments | Forex, CFDs, precious metals, equity indices, energies, commodities, and shares |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:30 (EU)/1:200 (International) |
| EUR/USD Spread | From 0.2 pips |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Tel: +357 25 262002 |
| Email: support@xglobalmarkets.com | |
| Twitter, Facebook and LinkedIn | |
| Company address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus | |
| Regional Restrictions | Austria, Bangladesh, Belarus, Brazil, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong (China), Singapore, United Kingdom |
Founded in 2012, XGLOBAL is a regulated broker registered in Cyprus, offering trading in forex, CFDs, precious metals, equity indices, energies, commodities, and shares with leverage up to 1:200 and spread from 0.2 pips via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.
Pros and Cons
| Pros | Cons |
|---|---|
| Regulated by CYSEC | Inaccessible website |
| Various trading products | Revoked BaFin/FCA license |
| Islamic and demo accounts | Regional restrictions |
| Tight spreads | |
| MT5 support | |
| Popular payment options | |
| No fees for deposits and withdrawals |
Is XGLOBAL Legit?
Yes, XGLOBAL is regulatedby CySEC. However, the status of BaFin and FSA's licenses was revoked.
 | Cyprus Securities and Exchange Commission (CySEC) |
| Current Status | Regulated |
| Regulated by | Cyprus |
| Regulated Entity | X Global Markets Ltd |
| License Type | Market Making (MM) |
| License No. | 171/12 |
 | Federal Financial Supervisory Authority (BaFin) |
| Current Status | Revoked |
| Regulated by | Germany |
| Regulated Entity | X Global Markets Ltd |
| License Type | Retail Forex License |
| License No. | 132843 |
 | Financial Conduct Authority (FCA) |
| Current Status | Revoked |
| Regulated by | United Kingdom |
| Regulated Entity | X Global Markets Ltd |
| License Type | European Authorized Representative (EEA) |
| License No. | 602404 |
What Can I Trade on XGLOBAL?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Precious Metals | ✔ |
| Equity Indices | ✔ |
| Energies | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| XG RAW | $100 |
| XG ZERO |
Demo accounts and Islamic accounts are also available.
Leverage
XGLOBAL offers leverage following CySEC and VFSC regulations: European traders are eligible to use up to 1:30 leverage on major currency pairs; Clients of international entities can trade professionally with leverage of up to 1:200.
XGLOBAL Fees
| Account Type | EUR/USD Spread | GBP/USD Spread | USD/CHF Spread | Commission |
| XG RAW | From 0.2 pips | From 0.4 pips | $7.50 per lot | |
| XG ZERO | From 1.0 pips | From 1.2 pips | ❌ | |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Web, macOS, Android, and iOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
XGLOBAL has several payment methods: Bank Wire, Credit/Debit cards, Skrill, Neteller, etc. In addition, XGLOBAL does not charge any fees or commissions for deposits/withdrawals.
Keywords
- 10-15 years
- Regulated in Cyprus
- Straight Through Processing(STP)
- United Kingdom European Authorized Representative (EEA) Revoked
- High potential risk
News
News WIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees
Cyprus based, CySEC-licensed Retail FX and CFD brokerage group X GLOBAL Markets Ltd, which operates the XGLOBAL Markets brand, has announced a 45% acquisition of South African FSCA regulated broker 98 Degrees Alternative Risk (Pty) Ltd, which has now been rebranded as XGLOBAL Africa.
2022-07-29 13:54
News XGLOBAL MARKETS ACQUIRES 98 DEGREES TO SET UP SHOP IN SOUTH AFRICA
Cypriot FX broker XGLOBAL Markets has acquired a 45% stake in South African broker 98 Degrees Alternative Risk (Pty) Ltd. The new business has now been rebranded as XGLOBAL Africa to reflect the new ownership structure.
2022-03-07 10:20
Review 57
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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