At XGLOBAL Markets safeguarding of clients funds is a top priority. For receiving deposits and custody of client money, XGLOBAL Markets uses segregated bank accounts held with major banks in Europe and Switzerland.
XGLOBAL Markets maintains client denominated bank accounts with European and Swiss credit institutions, which are used exclusively to hold client funds and process withdrawals. These accounts are liquid current accounts so that funds belonging to clients can be readily withdrawn on a same day basis. The financial institutions used are selected on the basis of financial soundness while additional safety is ensured through diversification. Furthermore, XGLOBAL Markets has established an adequate organizational arrangement designed to minimize the risk of loss or diminution of client assets, or of rights in connection with those assets, as a result of misuse, poor administration or negligence of the banking institutions themselves.
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BROKER INFORMATION
Broker Type | ECN |
Company | X GLOBAL Markets Ltd. |
Foundation | 2012 |
Country | Cyprus |
Regulation | – X Global Markets Ltd is a European investment firm that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is holder of CIF license 171/12. – The firm is registered in the Republic of Cyprus under company number HE 291958. |
Minimum Initial Deposit | $100 |
Account Base Currencies | USD, EUR, GBP, CHF |
Account Deposit Methods | Visa, Master Card, Bank Wire Transfer, Skrill, Neteller, Internal Transfer |
Account Withdrawal Methods | Visa, Master Card, Bank Wire Transfer, Skrill, Neteller, Internal Transfer |
Live Chat | No |
| info@xglowbalmarkets.com | |
Call | +357 25 262002 |
ADVANTAGES
Free Demo Account | Yes |
Spreads | Variable ECN Price Feed Spreads From 0.2 Pips. |
Stop Out Level | 50% |
Execution Type | Market / IOC Execution |
Introducing Brokers Program | Yes |
CPA Affiliate Program | Yes |
Swap Free | Yes (Islamic) |
MAM Multi-Trader | Yes |
Trading Platforms | MetaTrader 5, MT5 for macOS, MT5 for Android, MT5 for iOS |
Scalping | Yes |
Hedging | Yes |
Expert Advisors | Yes |
Products | Forex, Commodities, Precious Metals, Equity Indices, Shares, Cryptocurrency CFDs |
DISADVANTAGES
Restrictions | XGLOBAL does not offer its services to residents of certain jurisdictions such as USA, Syria, Iran and North Korea. |
38.46% of retail investor accounts lose money when trading CFDs with this provider.
– You should consider whether you understand how CFDs work and whether
you can afford to take the high risk of losing your money.
