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. The broker positions itself as a customer dedicated financial assistant, and it seems to be a great choice for those who look to get started with financial trading. Hereinafter you will find out types of FXGM bonus promotions available at the moment and FXGM broker review.
Size of Bonus: N/A Trading Platform: PROfit
Expiration: N/A Min. Volume: N/A
Leverage: 1:200 Required Action: N/AVisit FXGM website
FXGM FX Broker review in a nutshell
When you visit FXGM broker’s site, you are prompted to register straight away. Besides that, the broker is not throwing lots of info at you, the website is rather minimalistic. This is certainly an advantage for those who are slightly afraid of the complexity of the financial world. FXGM eliminates it by display just the proper set of data to get started.
As for the company itself, at our FXGM review, we found out that the broker is licensed and regulated by the Cyprus Securities and Exchange Commission under the number 161/11. The brokerage is also authorized by the Financial Services Board in South Africa under the number 47709. Next to this, the brokerage can legally operate in other EU member states due to its passporting and registration with all of the major EU regulators – AMF, FCA, CONSOB etc. This gives us an idea that FXGM can be trusted.
FXGM review of trading conditions
As we already mentioned, FXGM is a broker for those who start out at the financial trading. If you are into algo trading, HF trading or anything advanced – this broker cannot offer lowest possible spreads. However, it does a great job for those who start out.
When looking at FXGM spreads, we can see that it averages some 4-pip spread on the major currency pairs.
While this may certainly be expensive for those who trade a lot, it is a fair price to pay for premier support. Next to this, it is also vital to understand that FXGM is relatively a small broker and it needs to compensate its expenses via the spread.
FXGM Trading Platforms
If you are looking to trade on the good ol’ MetaTrader 4 platform – FXGM Forex broker is a place to be. On top of MT4, you can also get access to WebPROfit, a custom-made trading platform that is available as a Web application (meaning: no need to install any software) and also as an app that is supported by the Android and iOS smartphones.
So, it is possible to conclude that FXGM offers its traders a good mixture of the platforms and can cater to all types of the users.
FXGM reviews of extra options
Every FX broker tries to differentiate themselves and FXGM is not an exception here too. When it comes to extra features and additional services, FXGM provides a few options.
This broker will send you various market updates and major economic news releases directly to your phone. This feature lets you begin every trading day with a good picture of the market.
With FXGM you can get access to a great financial dictionary that will guide you through the world of FX trading in an easy manner. FXGM Academy also features various charts and the history of the FX market.
Unlike others, this broker does not produce the content on its own. Instead of that, it aggregates the news from Investing.com and displays them for the clients.
This is one of the best news sources for FX traders, and FXGM provides free access to it for some of its traders. Please note that the access to Trading Central is given only to top-tier account holders.
FXGM No Deposit Bonus
There is not any FXGM bonus promotion at the moment. Why? Because CySEC has recently prohibited the provision of the trading benefits, hence broker are not able to offer the promotions to their traders any longer.
FXGM Review Conclusion
FXGM is a brokerage company that holds licenses from the two major regulatory bodies – CySEC and FSB. Next to this, it provides great customer service and a powerful set of the trading platforms that are working on any operating system.
While the brokerage could improve its trading conditions, we do have to understand that a brokerage of such size cannot compete on the pricing with the giants. On the flipside, a smaller-sized brokerage can offer a much better customer service to its clients.Visit FXGM website
FXGM Bonus Alternative
As there are currently no bonuses available with this brokerage, we invite you to check other available options at our bonus section. Instead of FXGM bonus, you will be able to pick up a certain deposit or no deposit bonus from another trusted companyBrowse FX bonuses and promotions