X Global Markets Broker Review 2023

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 XGlobal Markets Ltd was founded in 2012 with headquarters in Limassol-Cyprus, with the full address The broker is regulated by the CySEC ( Cyprus Securities & Exchange Commission)  and is also registered with the UK Financial Conduct Authority (FCA), plus Germany’s Federal Financial Supervisory Authority (BaFin).

X- Global Markets can be considered a market leader when it comes to offering clients tight spreads.  XGlobal Markets offers floating spreads starting from 0.4 pips. On major pairs, such as the EUR/USD and GBP/USD, minimum spreads are 0.4 pips and 0.9 pips respectively 

  XGLOBAL Markets does not charge swaps on most symbols high-interest rate differential currency pairs excluded). Regular clients can trade interest-free (although limitations apply if clients are thought to be abusing the facility). 

XGlobal Markets can be a great place for a beginner to start their trading journey.  The broker fully understands that all traders are unique in what they want to achieve. They offer various educational resources for traders with different levels of experience so you can learn at your own time and pace! From charts and indicators to strategies and risk management. the  

courses are designed with a clear progression path that will get you up and running as quickly as possible.

-Account Leverage: Up to  1: 500 

-Spreads: as low as 0.2 pips

-Stop-Out Level: 50%

 -Swap Free Accounts: Yes

 -Copy Trading Facilities:  Yes (MAM Multi-trader)

-Daily Market Analysis:  No

-Research Centre: No

-Crypto-based  Accounts:  No

-VPS Service: No

-Trading Education: Yes

-Trading Bonus: No

-Corporate Accounts Allowed:  Yes

-Withdrawal Fees: No

-Trading Signals:  No

XGlobal Markets is regulated by the Cyprus Securities & Exchange Commission (CySEC). They are among the most respected regulators and hold online brokers to a high standard. The broker is also registered with the UK Financial Conduct Authority (FCA) with ‘EEA Authorised’ status, allowing them to operate in the European Economic Area. Additionally, XGlobal Markets is licensed by the BaFin (Federal Financial Supervisory Authority) to offer trading services in Germany.

In line with licensing conditions, XGlobal Markets segregates client money from the firm’s capital and is signed up with an Investor Compensation Fund. The firm is also regularly audited. As a result of these measures and with oversight from multiple regulatory bodies, XGlobal Markets is a safe broker to deposit money and trade with.

 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). 

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.

CONSOB: The financial regulator of Italy is responsible for regulating the financial services industry in Italy. XGLOBAL Markets is registered with CONSOB with “EEA Authorized” status to provide investment services throughout Italy under CONSOB registration number 3712.

In addition to registration with BaFIN and CONSOB, XGLOBAL Markets is registered with every EEA regulator and maintains a registration number with each competent body within the EEA. For details of the registration in other regions please contact support and they will happily provide further information.

 As a European investment firm, XGLOBAL Markets legal infrastructure and operational policies are in line with MiFID II directives. 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. 

XGlobal Markets has 10 years of experience in the forex market and the firm strives to provide a transparent brokerage model that puts the client first. The customer service team is quick to respond to queries. Wait times for both telephone and online chat support are short. The customer support team can help with withdrawal requests, and technical issues, and can process customer complaints 

 XGlobal Markets is a good broker if you’re looking for a straightforward product list, an advanced trading platform, and a transparent fee structure. It also has a decent collection of online training resources for beginners. With that said, active clients looking for a more diverse range of instruments and reduced fees in return for trading volume may want to consider other options