The online forex and also CFD broker FX Global is part of the massive Goldenburg Group Ltd. This company operates many brokers out of Cyprus. They are a CySEC registered firm. Besides FX Global, their other brokers include TopForex, TopTrader, TradeCentrum, eTrader, XPartners, and CFDWorld. In the past, the group also featured binary options brokers.
Trading with FX Global
Our FX Global review found their asset selection to be pretty good, comparable to that of ClearSave. Their CFD offerings cover the primary sectors, including stocks, indices, commodities, and cryptocurrencies. They have dozens of different currency pairs, including a few of the more obscure options that most other brokers don’t carry.
Trading Platforms and Features
There are two separate platforms for trading with FX Global. In addition to MetaTrader 4, the broker has the xStation platform. This platform is alright. However, it can’t match the variety of features that MetaTrader 4 brings to the table. It does feature several group trading features, including xSocial, that can copy successful traders’ trades in the platform. This feature comes at an additional fee.
Spreads and Leverage
This broker’s spreads are too high for most traders, with the benchmark EUR/USD running at 3 pips. Comparatively, traders are typically trying to get as close to 1 pip as possible. As a CySEC broker, FX Global offers the maximum allowable leverage of 1:30. Their minimum deposit to get started, $250, is standard for CFD and forex brokers.
Don’t Delay Recovering Your Funds
In conclusion, don’t let a CySEC registration lull you into a false sense of security. Brokers that act in bad faith towards their clients are often caught and dealt with only afterward. If a broker is holding onto your funds, you need to act now. Contact us to get a chargeback underway immediately.