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XGLOBAL -

Score

4.26 /10
Average

XGLOBAL

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing (STP)

United Kingdom European Authorized Representative (EEA) Revoked

High potential risk

https://www.xglobalmarkets.com/

Influence

B

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Comparison

Quantity 53

Exposure

Open Account
Website

Score

Regulatory Index4.29

Business Index8.38

Risk Management Index0.00

Software Index4.00

License Index4.29

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

More

Company Name

X GLOBAL Markets Ltd.

Company Abbreviation

XGLOBAL

Platform registered country and region

Cyprus

Company website

X

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 53 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 602404) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

53 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Scam

He disappeared and blocked me after I paid him 1500.

FX5944873722
2021-09-22 14:46
Scam

Fraud

This fraud conned you to make investment and then gave no access to withdrawal. Stay away!

FX3731800868
2020-08-06 21:54
Severe Slippage

Scam

In the context of sufficient margin, XGLOBAL closed my position compulsorily. My order disappeared inexplicably!

FX3313910101
2020-08-05 20:20
Unable to Withdraw

scam

Hi I am Khitish Dash i deposited $500 to the X global markets but then i tried to withdraw my profits then they rejected my documents and then i given another documents will full verified still they rejected it again and again and finally they blocked my account and blocked my email.

Khitish Dash20293
2021-09-22 03:05
XGLOBAL · Company summary

Note: XGLOBAL's official website - https://www.xglobalmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

XGLOBAL Review Summary
Founded2012
Registered Country/RegionCyprus
RegulationCYSEC, BaFin/FCA (Revoked)
Market InstrumentsForex, CFDs, precious metals, equity indices, energies, commodities, and shares
Demo Account✅
Islamic Account✅
LeverageUp to 1:30 (EU)/1:200 (International)
EUR/USD SpreadFrom 0.2 pips
Trading PlatformMT5
Min Deposit$100
Customer SupportTel: +357 25 262002
Email: support@xglobalmarkets.com
Twitter, Facebook and LinkedIn
Company address: 162 Fragklinou Rousvelt, 1st Floor 3045, Limassol, Cyprus
Regional RestrictionsAustria, Bangladesh, Belarus, Brazil, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong (China), Singapore, United Kingdom

Founded in 2012, XGLOBAL is a regulated broker registered in Cyprus, offering trading in forex, CFDs, precious metals, equity indices, energies, commodities, and shares with leverage up to 1:200 and spread from 0.2 pips via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

XGLOBAL

Pros and Cons

ProsCons
Regulated by CYSECInaccessible website
Various trading productsRevoked BaFin/FCA license
Islamic and demo accountsRegional restrictions
Tight spreads
MT5 support
Popular payment options
No fees for deposits and withdrawals

Is XGLOBAL Legit?

Yes, XGLOBAL is regulatedby CySEC. However, the status of BaFin and FSA's licenses was revoked.

CySEC
Cyprus Securities and Exchange Commission (CySEC)
Current StatusRegulated
Regulated byCyprus
Regulated EntityX Global Markets Ltd
License TypeMarket Making (MM)
License No.171/12
Regulated by CySEC
BaFin
Federal Financial Supervisory Authority (BaFin)
Current StatusRevoked
Regulated byGermany
Regulated EntityX Global Markets Ltd
License TypeRetail Forex License
License No.132843
Revoked BaFin license
FCA
Financial Conduct Authority (FCA)
Current StatusRevoked
Regulated byUnited Kingdom
Regulated EntityX Global Markets Ltd
License TypeEuropean Authorized Representative (EEA)
License No.602404
Revoked FCA license
Domain information

What Can I Trade on XGLOBAL?

Tradable InstrumentsSupported
Forex✔
CFDs✔
Precious Metals✔
Equity Indices✔
Energies✔
Commodities✔
Shares✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Account Type

Account TypeMin Deposit
XG RAW$100
XG ZERO

Demo accounts and Islamic accounts are also available.

Leverage

XGLOBAL offers leverage following CySEC and VFSC regulations: European traders are eligible to use up to 1:30 leverage on major currency pairs; Clients of international entities can trade professionally with leverage of up to 1:200.

XGLOBAL Fees

Account TypeEUR/USD SpreadGBP/USD SpreadUSD/CHF SpreadCommission
XG RAWFrom 0.2 pipsFrom 0.4 pips$7.50 per lot
XG ZEROFrom 1.0 pipsFrom 1.2 pips❌

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, Web, macOS, Android, and iOSExperienced traders
MT4❌/Beginners

Deposit and Withdrawal

XGLOBAL has several payment methods: Bank Wire, Credit/Debit cards, Skrill, Neteller, etc. In addition, XGLOBAL does not charge any fees or commissions for deposits/withdrawals.

News

NewsWIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees

Cyprus based, CySEC-licensed Retail FX and CFD brokerage group X GLOBAL Markets Ltd, which operates the XGLOBAL Markets brand, has announced a 45% acquisition of South African FSCA regulated broker 98 Degrees Alternative Risk (Pty) Ltd, which has now been rebranded as XGLOBAL Africa.

WikiFX
2022-07-29 13:54
WIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees

NewsXGLOBAL MARKETS ACQUIRES 98 DEGREES TO SET UP SHOP IN SOUTH AFRICA

Cypriot FX broker XGLOBAL Markets has acquired a 45% stake in South African broker 98 Degrees Alternative Risk (Pty) Ltd. The new business has now been rebranded as XGLOBAL Africa to reflect the new ownership structure.

WikiFX
2022-03-07 10:20
XGLOBAL MARKETS ACQUIRES 98 DEGREES TO SET UP SHOP IN SOUTH AFRICA
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User Reviews

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User comment

3

Comments

Write a review

韩鑫
more than one year
Al principio planeé operar con XGLOBAL. Mi amigo me recomendó la plataforma wikifx y me dijo que podemos comprobar fácilmente si una empresa de cambio de divisas es legítima o no. Me sorprende ver tantos comentarios negativos sobre XGLOBAL aquí. Por la seguridad de mi dinero, decidí no invertir.
Al principio planeé operar con XGLOBAL. Mi amigo me recomendó la plataforma wikifx y me dijo que podemos comprobar fácilmente si una empresa de cambio de divisas es legítima o no. Me sorprende ver tantos comentarios negativos sobre XGLOBAL aquí. Por la seguridad de mi dinero, decidí no invertir.
Translate to English
2022-12-02 09:51
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大卫55675
more than one year
XLOGAL is a fantastic broker and I am an existing client. My only advice will be that widen your trading instruments, xglobal. Yes, I also want to try some other investment portfolios.
XLOGAL is a fantastic broker and I am an existing client. My only advice will be that widen your trading instruments, xglobal. Yes, I also want to try some other investment portfolios.
Translate to English
2023-02-24 14:50
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53