FXGM has a minimum deposit requirement of $ 200/R3 200. USD, EUR, and GBP are accepted as deposit currencies. FXGM does not levy additional fees, but third-party charges may be applicable.
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 Minimum Deposit below.
FXGM Minimum deposit – 6 key points quick overview:
FXGM Minimum Deposit- FXGM Deposit fees and deposit methods
- Step by step guide to deposit the minimum amount
- FXGM Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the FXGM Minimum deposit as well as the pros and cons as well as features that are offered to traders.
FXGM Minimum Deposit
FXGM has a minimum deposit requirement of $ 200. This minimum deposit amount was equivalent to ZAR 2750 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
FXGM’ authorisation as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
Minimum deposit requirements for the different branches and accounts are the following:
Global FXGM branch
Basic – $200
Discovery – $2 000
Silver – $5 000
Gold – $10 000
Diamond – $15 000
VIP – $30 000
FXGM ZA
Junior – $200
Premium – $10 000
VIP – $30 000
Executive – $50 000
Royal – $100 000
FXGM Deposit fees and deposit methods
Compared to other brokers, the minimum deposit amount that FXGM requires when traders register a live account is fair. FXGM offers traders several payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.
FXGM accepts the following payment methods:
Credit Card
Mastercard
Neteller
PayPal
Skrill
Visa
FXGM does not levy additional fees, but third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours. USD, EUR, and GBP are accepted as deposit currencies. Traders must ensure that they verify whether their financial institution charges its own fees.
Step by step guide to deposit the minimum amount
Traders can fund their accounts by sending the funds to one of the FXGM segregated client accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved.
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available. Funds must be transferred in the same currency as the bank account which they are sending it to, to prevent currency conversion fees being charged.
Step 1 – Verification of identity
Provide a color copy of both sides of your International Passport and National ID card.
Step 2 – Payment verification
Provide a color copy of both sides of the Credit/Debit card used for the deposit.
Step 3 – Residence verification
It could be either Utility bill (not older than 6 months) , Bank Statement ( not older than 3 months ) or Municipality Certificate (not older than 6 months) showing your name and residential address.
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 | Money must be deposited even for practising |
| Many account types to suit a variety of investors | No demo account can be opened without a deposit |
| Regulation from two reputable financial bodies | No MT4 or MT5 platforms can be used |
| Several deposit methods available | Weak FAQ Section |
| Wide range of asset classes to trade |
Conclusion
FXGM has a minimum deposit requirement of $ 200/R3 200. USD, EUR, and GBP are accepted as deposit currencies. FXGM does not levy additional fees, but third-party charges may be applicable.
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Frequently Asked Questions
