WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

XGLOBAL

Vanuatu|5-10 years|
Retail Forex License|MT5 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://www.xglobalfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
XGLOBALFX-Server MT5
Server Location Netherlands

Contact

+44 203 0341433
support@xglobalfx.com
https://www.xglobalfx.com/
First Floor, Icount Building Kumul Highway, Port Vila, Efate Vanuatu

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 203 0341433

Other ways of contact

Broker Information

More

Company Name

XGLOBAL FX Ltd

Abbreviation

XGLOBAL

Platform registered country and region

Vanuatu

Company website
X
Facebook
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-11-21
  • The Vanuatu VFSC regulation with license number: 15062 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

XGLOBAL · WikiFX Survey

Users who viewed XGLOBAL also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Vantage

8.65
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

XGLOBAL · Company Summary

XGLOBAL Review Summary in 10 Points
Founded 2012
Registered Country/Region Vanuatu
Regulation Offshore regulated by VFSC
Market Instruments Forex, Precious metals, Equity indices, Commodities, Shares, Cryptocurrency CFDs
Demo Account Available
Leverage Up to 1:500
EUR/USD Spread 0.2 pips
Trading Platforms MT5, MAM MULTI-TRADER
Minimum Deposit USD 100
Customer Support Phone, Address, Email, Contact us form, Social media, FAQ

What is XGLOBAL?

XGLOBAL is a global brokerage firm based in Vanuatu. Founded in 2012, it provides traders with access to market instruments including Forex, Precious metals, Equity indices, Commodities, Shares, Cryptocurrency CFDs. It is currently offshore regulated by VFSC (Vanuatu Financial Services Commission) regulation under License No. 15062.

XGLOBAL's home page

In this forthcoming article, we will conduct a comprehensive analysis of this broker, examining its attributes from multiple angles, and present you with clear and structured information. If this topic piques your interest, we invite you to continue reading. Towards the conclusion of the article, we will also offer a concise summary for a quick overview of the broker's key characteristics.

Pros & Cons

Pros Cons
• Multiple customer support channels • Commissions charged
• Wide range of trading instruments across multiple asset classes • Offshore regulated by VFSC
• Various account types to suit different trading needs
• MT5 trading platform
• Multiple account funding and withdrawal options
• Demo account available

XGLOBAL Alternative Brokers

There are many alternative brokers to XGLOBAL depending on the specific needs and preferences of the trader. Some popular options include:

  • IC Markets: IC Markets is a reputable choice for traders, known for its competitive spreads, diverse trading instruments, and advanced technology infrastructure.

  • Pepperstone: Pepperstone offers a user-friendly platform, zero commissions, and a range of trading tools, making it suitable for both beginners and experienced traders.

  • AvaTrade: AvaTrade stands out for its extensive range of assets, educational resources, and innovative trading platforms, making it a versatile option for traders of all levels.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is XGLOBAL Safe or Scam?

When considering the safety of a brokerage like XGLOBAL or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is offshore regulated by VFSC (Vanuatu Financial Services Commission, License No.: 15062), which means that there is no guarantee that it is a safe platform to trade with.

offshore regulated by VFSC
  • User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the company. Look for reviews on reputable websites and forums.

  • Security measures: XGLOBAL underscores its dedication to client security by implementing various measures, such as segregated accounts, margin calls, stop-outs for risk management, and negative balance protection to avert account deficits. The strict adherence to a privacy policy ensures the protection of personal information, aligning with data protection regulations to foster increased trust and confidentiality.

In the end, the choice of whether to engage in trading with XGLOBAL is a matter of personal judgment. It is essential to thoughtfully evaluate the associated risks and potential benefits before reaching a decision.

Market Instruments

XGLOBAL offers a comprehensive range of market instruments, designed to cater to diverse trading preferences:

Forex: Traders can access the dynamic world of foreign exchange, engaging in currency pair trading and capitalizing on exchange rate fluctuations.

Precious Metals: Investing in safe-haven assets like gold and silver provides a secure and tangible means of portfolio diversification and wealth preservation.

Equity Indices: Speculating on broader market movements allows traders to take positions on global indices, mirroring the performance of various stock markets.

Commodities: A range of commodities, from agricultural products to energy resources, provides opportunities for traders to participate in the commodity market's inherent volatility.

Shares: Trading individual company stocks enables investors to directly engage with some of the world's most prominent corporations.

Cryptocurrency CFDs: With the ability to speculate on the price movements of cryptocurrencies like Bitcoin and Ethereum without owning the underlying asset, traders can participate in the exciting and rapidly evolving world of digital currencies.

Market Instruments

Account Types

XGLOBAL offers a demo account, allowing traders to familiarize themselves with the platform and gain hands-on experience in a risk-free environment. Traders can utilize the demo account to explore different trading instruments, practice executing trades, and analyze market conditions.

Once traders feel confident and ready to transition to live trading, XGLOBAL offers a versatile range of live accounts designed to cater to various trading preferences, including XG RAW, XG ZERO, and XG ISLAMIC Accounts. With a consistent minimum deposit requirement of USD 100 or its equivalent in other currencies like EUR, GBP, or CHF, the platform ensures accessibility for all traders. These live accounts provide a diverse trading experience, accommodating both beginners and experienced traders, with a choice of base currencies that enhance flexibility and convenience.

Account Types

Leverage

XGLOBAL brokerage provides traders with maximum leverages of up to 1:500. Leverage allows traders to control larger positions in the market with a smaller amount of invested capital. With a leverage ratio of 1:500, traders can amplify their trading potential by effectively multiplying their trading capital.

It's important to note that while leverage can increase potential profits, it also amplifies potential losses, as traders are exposed to higher market risk. Therefore, it is crucial for traders to exercise prudent risk management practices, carefully consider their trading strategies, and be aware of the potential implications of using leverage.

Spreads & Commissions

XGLOBAL offers a range of live accounts tailored to suit diverse trading preferences.

The XG RAW Account boasts tight spreads starting from just 0.2 pips, making it an attractive choice for traders seeking competitive pricing. With a commission of USD 3.75 per side, it provides a transparent fee structure.

The XG ZERO Account, on the other hand, features spreads starting from 1.0 pips with zero commissions, catering to those who prefer a no-commission trading environment.

For traders who require a swap-free option, the XG ISLAMIC Account offers spreads from 1.2 pips, ensuring compliance with Islamic finance principles.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
XGLOBAL From 0.2 pips Variable (depending on account)
IC Markets From 0.0 pips Variable (depending on account)
Pepperstone 1.1 pips No commissions
AvaTrade From 0.9 pips No commissions

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

XGLOBAL provides a versatile trading experience with its support for the popular MetaTrader 5 (MT5) platform, accessible across various devices. Whether on Windows, macOS, iOS, or Android devices, traders can access MT5's advanced features, robust charting tools, and automated trading capabilities. This multi-platform accessibility ensures traders can stay connected and manage their portfolios seamlessly, regardless of their preferred device or operating system.

MT5

Additionally, XGLOBAL offers the MAM MULTI-TRADER option, allowing skilled traders and money managers to efficiently handle multiple accounts and execute trading strategies on behalf of their clients, adding an extra layer of flexibility to their trading services.

MAM MULTI-TRADER

Overall, XGLOBALs trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

See the trading platform comparison table below:

Broker Trading Platforms
XGLOBAL MT5, MAM MULTI-TRADER
IC Markets MT4/MT5, cTrader
Pepperstone TradingView, MT5, MT4, cTrader
AvaTrade AvaTradeGO, MT4, MT5, WebTrader, AvaOptions, DupliTrade

Deposits & Withdrawals

Deposits

  1. Debit & Credit Cards: Available in USD, EUR, GBP, CHF, and ZAR, deposits are free with certain limits applied, requiring a minimum of 10 USD equivalent. Transactions are processed instantly.

  2. Bank Wire Transfer: For USD, EUR, GBP, CHF, and ZAR, XGLOBAL covers inward fees, and the minimum deposit is 100 USD equivalent, with same-day processing. For ZAR deposits via instantETF, there are no fees, but limits apply, minimum deposit is ZAR 200, and the processing is instant.

  3. E-Wallets (Skrill, NETELLER, STICPAY, fasapay): Deposits in USD, EUR, GBP, CHF, and ZAR are free, with limits applied, and require a minimum of 100 USD equivalent. These transactions are processed instantly.

  4. Internal Transfer: This option is free, with no minimum amount required, and it typically takes 24 hours to process for USD, EUR, GBP, CHF, and ZAR deposits.

Funding Methods

Withdrawal:

  1. Debit & Credit Cards: Withdrawals in USD, EUR, GBP, CHF, and ZAR are free with certain limits applied, and a minimum withdrawal of 10 USD equivalent is required. Withdrawals are processed within 24 hours, with funds taking 1-5 business days to arrive.

  2. Bank Wire Transfer: For withdrawals in USD, EUR, GBP, CHF, and ZAR, the full amount is sent, with SWIFT fees shared. The minimum withdrawal amount is 100 USD for wire transfer, and processing occurs within 24 hours. The funds typically arrive in 1-5 business days. For ZAR withdrawals via instandEFT, there are no fees as XGLOBAL covers them, and the minimum withdrawal amount is 200 ZAR. Processing takes 1-2 business days.

  3. E-Wallets (Skrill, NETELLER, STICPAY, fasapay): Withdrawals in USD, EUR, GBP, CHF, and ZAR are free with limits applied, and a minimum withdrawal of 10 USD equivalent is required. These withdrawals are processed within 24 hours and arrive instantly.

  4. Internal Transfer: This option is free, with no minimum withdrawal amount required, and processing typically takes 24 hours for withdrawals in USD, EUR, GBP, CHF, and ZAR.

withdrawal methods

Customer Service

XGLOBAL provides multiple customer service options to assist its clients. Customers can reach out to XGLOBAL through various channels to address their queries and concerns as below:

Phone: + 44 203 0341433.

Email:CLIENTSUPPORT@XGLOBALFX.COM.

Address: FIRST FLOOR, ICOUNT BUILDING KUMUL HIGHWAY, PORT VILA, EFATE VANUATU.

Moreover, traders can access real-time assistance by submitting inquiries via a convenient “Contact Us” form, or engage with the broker through social media platforms such as Facebook, Twitter and Linkedin.

contact details

Conclusion

According to available information, XGLOBAL is an offshore VFSC-regulated Vanuatu-based brokerage firm. It provides Forex, Precious metals, Equity indices, Commodities, Shares, Cryptocurrency CFDs as market instruments to traders. Even though this makes the broker appear reliable, it is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from XGLOBAL before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is XGLOBAL regulated?
A 1: Yes. The broker is currently offshore regulated by VFSC (Vanuatu Financial Services Commission) regulation under License No.: 15062.
Q 2: Does XGLOBAL offer the industry leading MT4 & MT5?
A 2: Yes, it offers MT5 trading platform on Windows, MacOS, iOS and Android devices.
Q 3: Is XGLOBAL a good broker for beginners?
A3: No. It is not a good choice for beginners because it is offshore regulated by VFSC.
Q 4: What is the minimum deposit for XGLOBAL?
A 4: The minimum initial deposit to open an account is USD 100.
Q 5: Does XGLOBAL offer demo accounts?
A 5: Yes.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

 WikiFX Review: Is XGLOBAL Reliable?

News WikiFX Review: Is XGLOBAL Reliable?

2023-10-16 18:15

XGLOBAL FX Ltd was founded in 2012 with headquarters in Cyprus, and is a wholly-owned subsidiary of XGLOBAL Holding Ltd, XGLOBAL provides investors with mainstream and popular tradable instruments in the financial markets, mainly Forex, precious metals, stock indices, and energy. WikiFX has given this broker a score of 4.95/10. Should you give this broker a try?

WikiFX
2023-10-16 18:15
News
 WikiFX Review: Is XGLOBAL Reliable?

Review 3

3 Comments
Write a comment
All(3) Latest Positive(1) Neutral(2)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com