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XGLOBAL Markets Review 2021

XGLOBAL Markets Review

XGLOBAL Markets is a trading name of X GLOBAL Markets Ltd. XGLOBAL Markets is a provider of OTC derivatives for self-directed traders and also provides a portfolio management service. The firm is run by a team passionate in electronic trading that has decades of experience in the FX and Futures markets.

XGLOBAL Markets

  • Start year: 2012
  • Country of origin: Cyprus
  • Regulation: BaFin, CNMV, CySEC, FCA
  • Payment options: Credit or debit cards, Neteller, Skrill, Wire transfer
  • Minimum account size:$1
  • Minimum lot size:0.01 lot
  • Leverage:1:30
  • Spreads: from 1.8 point

XGLOBAL Markets Regulation

CySEC Licensed Regulated

CySEC, Cyprus Securities and Exchange Commission is the financial regulatory body that grants operating licenses, inspects the securities of companies listed on the Stock Exchange, and imposes administrative sanctions to brokerage service firms, investment consultants and to other legal entities. XGLOBAL Markets is a licensed CySEC Broker with license no. 171/12 and a holder of the Cyprus Investment Firm (CIF) license under the control of Cyprus Securities and Exchange Commission (CySEC).

Registered Jurisdictions

Financial Conduct Authority (FCA): The financial regulator of the United Kingdom is responsible for regulating the financial services industry to ensure that investment firms follow the rules. XGLOBAL Markets is registered with the FCA with “EEA Authorised” status to provide investment services under registration number 602404.

BaFin-Federal Financial Supervisory Authority: The financial supervisory authority of Germany oversees the financial markets in Germany. XGLOBAL Markets is registered with BaFIN to provide investment services within Germany with BaFIN ID 132843.

MiFID

As a European investment firm, XGLOBAL Markets is a MiFID Forex broker in full compliance with the regulations of Markets in Financial Instruments Directive (MiFID). The EU accession has automatically granted CySEC a member of the Markets in Financial Instruments Directive which it has over the years become 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.

Segregated Accounts

The protection of client funds is of paramount importance for XGLOBAL Markets, which is why all client funds are held in segregated accounts within secure banking institutions, thereby safeguarding against their use for any other purpose. XGLOBAL Markets as a segregated account broker operates this kind of separate account principally to shield client investments from circumstances resulting from risk of any force majeure relating to company’s activity. Therefore, rest assured that all clients’ funds are intact with us.

Investor Compensation Fund

XGLOBAL Markets is a member of the Investor Compensation Fund. The Fund was established under the Investment Firms Law of 2002 and the establishment and Operation of an Investor Compensation Fund for customers of Cyprus Investment Firms Regulations of 2004 which were issued under the Law. All retail clients have their funds insured to a maximum of 20,000 Euros each, in the unlikely event that the company cannot fulfill its obligations due to insolvency.

Trading Benefits

  • Most competitive spreads on the market
  • Covered book model ensures no conflict of interest
  • Market execution assures no requotes
  • Fast and deep fills with minimal slippage
  • 0.01 minimum lot size
  • Up to 200 lots per trade
  • No hidden commission or spread widening
  • All trading strategies and EAs are welcome

XGLOBAL Markets Trading Account

  • 1.0 pip min spread
  • No commissions
  • FX, bullion & CFDs
  • MT5 with market execution
  • 100k lot sizes

Islamic Account

  • Swap free trading
  • No restrictions
  • Available to all clients
  • All instruments available
  • Standard account conditions

Corporate Account

  • Available to all companies
  • Prop trading
  • Hedge company exposure
  • Liquidity for brokers
  • Custom conditions available

Demo Account

  • Trade risk-free
  • Time unlimited demo
  • Identical to real account
  • Learn MT4
  • Test strategies and EAs

XGLOBAL Markets Spread

XGLOBAL Markets has carefully refined its Forex spreads in order to ensure that they are among the most competitive in the market. This results in trading costs that are reduced to levels so low that they are among the lowest in the industry. Such reduction offers significant benefits to you as you are free to trade without any restrictions but more importantly without any commissions or hidden fees.

0.2 pips minimum raw spread

Our lowest FX spreads start from 0.2 pip on EURUSD and USDJPY with 3.75 USD per side commissions, we provide a premium trading environment not easily found elsewhere. These conditions make hedging, scalping and EAs more effective and we have no restrictions on any type of trading strategy. Our trading conditions will always remain the same and our execution speed will always be immediate.

XGlobal Markets Platforms

XGlobal Markets offers the MetaTrader 5 (MT5) platform. The follow-up of the hugely popular MT4 system, MT5 is a powerful all-in-one program, packed with features.

The downloadable platform houses every prominent technical indicator, automated trading through the MQL5 programming language, advanced charts, and drawing tools, plus an email alert system that notifies you when levels are reached. Also available is a trading journal, detailed contract specifications, plus a trade copying system from the MQL signals service.

Contacts

162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus

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