Is FXGM a Scam? Review and Opinions

Trading can be very risky for beginners. In Italy, the CONSOB imposes strict regulations on trading platforms to prevent brokers from acting against users’ interests unlawfully. Despite these regulations, many online platforms are still unsafe or even fraudulent. Therefore, it’s crucial to research before registering and investing large sums in opaque investments.

FXGM: A Reliable Cypriot Broker

FXGM, a Cypriot broker established in 2011, operates under European and Italian regulations. As a member of the European Union, FXGM is owned by Depaho Ltd, a company registered with CONSOB since 2012. This ensures FXGM is a trustworthy broker, not a scam.

FXGM Registration

Registering with FXGM is straightforward and quick. The platform offers two account types: retail and professional. Retail accounts are categorized by investment amount but do not require specific registration details. Professional accounts offer features like higher leverage and personalized promotions but require meeting certain criteria, such as making ten trades per quarter, maintaining a minimum account balance of €500,000, and having at least one year of financial sector experience.

FXGM App and Desktop

FXGM provides both a desktop trading platform and a mobile app for trading on the go. The WebPROfit platform is accessible via any web browser without requiring a client download, while the mobile app offers a seamless trading experience compatible with major devices. o il vostro tablet, non dovrete fare altro che scaricare l’app, compatibile con tutti i principali dispositivi, e godervi un’esperienza utente perfetta, che non ha nulla da invidiare alla versione desktop.

Rollover Fees on CFDs

FXGM charges rollover fees for CFD positions held overnight. The fees are 0.015% for currencies, commodities, indices, stocks, and ETFs, and 0.05% for cryptocurrencies (both retail and professional clients).

FXGM Resources

FXGM offers valuable tools for traders, including:

• Economic Calendar: Provides real-time economic data and key performance indicators.
• Trading Insider: Displays real-time investment activities of FXGM clients to help guide your trading decisions.
• Autochartist: Analyzes and highlights investment opportunities with technical chart patterns.
• SMS Alerts: Delivers essential economic news directly to your phone.

FXGM Reviews and Opinions

Users generally praise FXGM for its regulation, low fees, and reliable service. Positive reviews highlight its regulatory compliance, low initial deposit requirements, and responsive customer support.

Conclusion

FXGM is a regulated and secure trading platform in Italy. It offers a simple registration process, multiple account types, and a range of tools for effective trading. With both desktop and mobile trading options, FXGM provides everything needed to make informed investment decisions.