XGLOBAL Markets Review
XGLOBAL Markets is a regulated Forex broker that differentiates itself from other brokers by offering premium trading conditions under one universal account for all clients, irrespective of the size of their deposit.
The conditions are competitive by offering spreads as low as 0.8 on the EURUSD with no commission charges, no swaps and no other trading fees. XGLOBAL Markets also covers bank, wallet or card fees on all inward deposits and there is no minimum deposit requirement.
The company offers a 100% ECN/STP model which allows XGLOBAL Markets to pass on low spreads to its clients. XGLOBAL Markets covers it operating costs by adding a small markup to the spread, which means that XGLOBAL Markets relies on trade volume to operate. Therefore, it is in XGLOBAL Markets interests for its clients to make money and continue trading. Due to the business model used all strategies such as scalping and hedging are welcomed and due to the tight conditions the platform works especially well with Expert Advisors.
The overarching strategy of the company is to offer trading conditions that are better than other brokers in order to accumulate savvy clients that understand the market and consequently build up a high volume of trades with experienced traders.
Typical Spread on Majors
|Type of Broker||STP|
|Regulated By||Regulated By CySEC (Cyprus)|
|Supported Languages||English, Arabic, French, Greek, Spanish|
|ESMA Regulation ?||This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article|
|Platforms Offered||MetaTrader 4, MetaTrader 4 for Mac, MetaTrader 4 iOS, MetaTrader 4 Mobile, MetaTrader 4 Android|
|NO of Pairs||57|
|Trade off Charts||Yes|
|MetaTrader Server Time||GMT + 2|
|Demo Account Expiry||Non-Expiring|
|Minimum Contract Size||0.01|
|Option of OCO||Yes|
|Option of FIFO||No|
|Negative Balance Protection||Yes|
XGLOBAL Markets Reviews
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