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FXGM Broker Review
FXGM has been a reputable broker since 2011. FXGM has offices throughout Europe, including in Cyprus, the United Kingdom, South Africa, and Germany, France, Spain, and Italy. Around 4 million customers will receive their Forex/CFD trading services from FXGM.
Also, this broker is governed by the BaFin 130520, Bank de France 74353, CNMV 3321, CONSOB 3567, CySEC 161/11, FCA 593528, FSCA 47709, and ESMA.
Account Information
This broker offers VIP and Standart accounts in addition to the FX demo account. You should also think about leverage and the minimum deposit while managing your trading account. In terms of overall leverage, FXGM offers a maximum leverage of 1:30. You can open an account in the interim with a $200 initial deposit.
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Min Deposit: $200
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Max Leverage: 1:30
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Spread: Fixed
FXGM Trading
Along with a large selection of currency pairs, FXGM also provides a number of trading instruments, including Forex and Indices for your best option. Keep in mind that various trading conditions apply to different instruments. In this situation, you need to make sure that your plan complements the instrument you selected well.
FXGM particularly offers the following instruments and leverage to Standart accounts:
Forex 1:30
Indexes 1:20
Payment Methods
Wire transfer.
The most often utilized payment method is wire transfer. This strategy is offered on almost every broker’s service in the entire world. The rationale is because wire transfers between banks all around the world are essentially traditional transfers. Hence, the safety of this procedure is assured. Traders who avoid third-party payments or don’t use credit cards will benefit greatly from this.
Skrill.
Most forex brokers offer Skrill as a choice for online payment service. The primary benefits for traders employing this strategy are quick, simple, and secure transactions. Trading account funding options through Skrill include credit cards, bank wire transfers, and direct deposits from Skrill e-wallet accounts.
PayPal.
Internet payments were nonexistent in the early 2000s, but PayPal has been around since 1999 and is therefore deserving of the title of one of the world’s very first e-payment providers. The US-based business is well-liked on numerous web platforms, including those used by forex brokers.
Neteller.
Together with PayPal, Neteller is among the most widely used online payment options in existence today. Owing to its widespread use, Neteller is now accepted as a payment option by almost all forex brokers for customer fund deposits and withdrawals. Although the Neteller system is accessible practically everywhere, Europe continues to be the region where it is most often used.
Credit/debit cards are another payment option offered by FXGM.
FXGM Trading Platforms
A trading platform is a tool that allows you to purchase or sell an instrument anytime, anywhere, and with only a few clicks on your device. Also, a price chart typically comes with a few analytical tools to aid in your analysis of price movement and to assist you place well-thought-out trades that will boost your profitability.
Is FXGM a good broker?
In terms of a variety of factors, such as trading instruments, deposits and withdrawals, and customer assistance, a good broker equals a good service for traders. What is advantageous to one trader may not be advantageous to you. The definition of “a good broker” can so change. By looking over the requirements, you can determine whether FXGM is a good broker for you or not. Generally speaking, FXGM offers trading services for CFDs, Indices, and Forex. You can choose from credit/debit cards, Neteller, PayPal, Skrill, and wire transfers when it comes to payment methods. Customers can contact customer service by phone, Skype, email, live chat, and callback.
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