General Information & Regulation
XGLOBAL FX Ltd was founded in 2012 with headquarters in Cyprus, and is a wholly-owned subsidiary of XGLOBAL Holding Ltd, currently regulated offshore by the Vanuatu Financial Services Commission (Regulatory Number: 15062). XGLOBAL FX belongs to an international group along with XGlobal Markets - a broker licensed by the Cyprus Securities and Exchange Commission (CySEC).
XGLOBAL provides investors with mainstream and popular tradable instruments in the financial markets, mainly Forex, precious metals, stock indices, and energy.
Leverage & Account
To meet the different traders' trading needs and experience, the trader has three types of accounts: the Raw spread account, the standard account, and Islamic account, all with a minimum initial deposit of $100 or equivalent.
Professional traders can access 1:200 leverage levels. However, due to ESMA restrictions, the maximum leverage available to retail clients is 1:30. The margin call level is 100%.
Spreads & Commissions
The spread on the original spread account is 2 pips on EURUSD, 2 pips on GBPUSD, 0.11 pips on GOLD, and 0.011 pips on SILVER. The commission for trading on the original spread account is $3.75 per lot per side. The standard account has a spread of 10 pips for EURUSD, 10 pips for GBPUSD, 0.20 pips for USD Gold, and 0.020 pips for USD Silver. The Dow Jones spread is 2.3 pips, the NASDAQ 100 spread is 1 pip, the spread for US and UK crude oil is 0.035 pips, and the natural gas spread is 0.022 pips.
XGLOBAL provides traders with Meta Trader5, MT5 for Apple PC, Android, iPad, and Apple mobile trading software.
Deposit & Withdrawal
Payment methods supported by XGLOBAL are limited. Traders can fund their XGLOBAL through four ways including VISA, Wire Transfer, SticPAY and FasaPay.
Trading is available 24 hours a day from 21:00 GMT on Sunday through to Friday 21:59 GMT. But while the platform isnt available for trading over the weekend, general account management can take place, including withdrawal requests.
The XGlobal FX customer support team is available 24/5 during the trading week. Users can seek help via:
Live chat – icon in the bottom left-hand corner of the website
Telephone – +357 25 262002 (09:00-18:00 EET)
Email – firstname.lastname@example.org