FXGM does not offer traders a demo account option, but FXGM does offer a First Protected Positions tool for thirty days. This tool however still requires an initial investment to start trading with, hence it is not a traditional demo account or practice account.
FXGM at a glance
| 🔍 Broker's Name | FXGM |
| 📍 Headquartered | Nicosia, Cyprus |
| 📅 Year Founded | 2006/2011 |
| ⚖️ Regulating Authorities | CySEC, MiFID, FCA, BaFin |
| 🌐 Countries not accepted for trade | United States, Canada, Belgium, Iran |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 🚀 Sign up bonus | No |
| 📈 Maximum Leverage | 1:200 |
| 💰 Minimum Deposit | $200/R3 200 |
| 💳 Deposit Options | Credit Card, Mastercard, Neteller, PayPal, Skrill, Visa |
| 💳 Withdrawal Options | Credit Card, Mastercard, Neteller, PayPal, Skrill, Visa |
| 💻 Platform Types | PROfit, WebPROfit, Mobile PROfit |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Currencies: (40+) Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum CFD: (160+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities |
| 👨💼 Languages supported on Website | English, Spanish, Arabic, Italian, French, Polish |
| 👥 Customer Support Languages | English, Italian, French, Greek |
| 📆 Customer Service Hours | 24/6 |
| 👉 Open a account | 👉 Click Here |
Min Deposit
USD 200
Regulators
CySEC, MiFID
Trading Platform
PROfit, WebPROfit, Mobiel PROfit
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our FXGM Demo Account below.
FXGM Demo account – 5 key points quick overview:
How to set up a FXGM Demo Account – Step by Step- FXGM Demo Account Features
- FXGM Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the FXGM Demo Account as well as the features that are offered.
How to set up a FXGM Demo Account – Step by Step
FXGM does not offer a demo account as is usually the case with brokers.
FXGM does advertise a ‘live demo environment’ with which traders can enjoy a First Protected Positions tool for thirty days. This is available to all new clients and will return any losses for the first five (ZA) or ten (global) trades and users can keep any profits. This tool however still requires an initial investment to start trading with, hence it is not a traditional demo account or practice account.
New accounts are applied for online and processed according to established industry standards.
Traders can open live account from start to finish on the FXGM website and choose to make use of the First Protected Positions tool. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
FXGM accounts can be opened USD, EUR, GBP. An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
FXGM Demo Account Features
Demo accounts usually imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
Min Deposit
USD 200
Regulators
CySEC, MiFID
Trading Platform
PROfit, WebPROfit, Mobiel PROfit
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
FXGM Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fully featured mobile app is available | No demo account can be opened without a deposit |
| Wide range of asset classes to trade | No MT4 or MT5 platforms can be used |
| Many account types to suit a variety of investors | Weak FAQ Section |
| Regulation from two reputable financial bodies |
Conclusion
FXGM does not offer traders a demo account option, but FXGM does offer a First Protected Positions tool for thirty days. This tool however still requires an initial investment to start trading with, hence it is not a traditional demo account or practice account.
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Frequently Asked Questions
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