FXGM bonus review

FXGM is a brand of Depaho Ltd – a Cypriot investment company founded in 2011 with its headquarters in Nicosia. They are providing brokerage services within Forex and CFDs. The operational implementation is based on their own platform named PROfit. Despite loud statements of being a customer dedicated financial assistant, the reality with them looks very different. Hereinafter you will find out types of FXGM bonus promotions available at the moment.

FXGM bonus review

Size of Bonus: N/A   Trading Platform: PROfit

Expiration: N/A           Min. Volume: N/A

Leverage: 1:200            Required Action: N/A

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FXGM No Deposit Bonus

Your mind might get clouded because of attractive advertisements you fall for on this broker’s website. Though be aware that your real funds are at stake, so after studying this company more thoroughly, you will see that its offers are quite shaky. There is no any worth bonus FXGM promotion valid up to date.

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Even if there would have been, they are dedicated to signed up users with real deposited funds only. And here is the reality with this company – hundreds of clients claim that after depositing their money, broker has stopped any communication and froze their funds without any explanation on its actions.

Don’t believe us? Just check the most recent reviews of FXGM clients at ForexPeaceArmy.


FXGM History & CySEC Issues

Started back in 2010 FXGM was operating under a different brand name – it was called BForex. You may ask yourself, why would a successful Forex company would want to change its brandname to a new one? And you will be right, there are no reasons for doing this if you run a legitimate business. However, this was not the case of BForex.

After a few years of operations the company was marked scam by various websites, including FPA.


Next to many websites talking about bad practices of FXGM and BForex, the regulator has not remained silent too.

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Most recent the parent company of FXGM, Depaho Ltd, was fined by CySEC for 233,000 EUR was fined for various misconduct and failures. Before that, back in 2013, Depaho Ltd has received a warning from CySEC.

When browsing through tons of FXGM reviews it was very challenging to find at least one that talks good about the broker. And if you mind one, something suggests that this is a paid review.

Next to this, Forex Bonus Lab has recently received a legal thread from FXGM legal department, asking us to remove this review as it was calling FXGM scam. We have, of course, refused to do so. In return we have extended this FXGM review with more evidence, so our website visitors can stay well-informed about such unreliable companies.

FXGM Bonus Alternative

Stay away from this broker as we can confidently say that it is not reliabe. Not only FXGM deposit bonus seems like a ‘far gone investment’, but in general most of the conditions for trading with this broker are very unreliable and disadvantageous.

As it is not available to start trading with a risk free experience with FXGM bonus without deposit, we have found good alternative welcome deals for you. Check out Plus500. With this broker you can be efficient and productive, and also be awarded with 25 EUR right upon verifying your phone number.

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