FXGM can be described as low risk and has an overall rating of 7 out of 10.
FXGM offers a maximum leverage ratio of 1:200 with a minimum deposit amount of $200/R3 200 and is regulated by CySEC and MiFID.
🛡️ Regulated and trusted by the FSCA.
🛡️ 1423 new traders chose this broker in the last 90 days.
🛡️ Available for South African Traders 🇿🇦
FXGM Spider Chart
FXGM Spider Chart Ratings
Pro and cons
| ✔️ Pros | ❌ Cons |
| Choice of trading platforms | High spreads |
| CySEC regulation | No demo accounts |
| Website is user friendly and easy to use | Previous fines by regulator |
| Offers 5 account plans which means there is something to suit all budgets | For first time traders a minimum $200 limit might be a bit high |
Overview
- According to research in South Africa, FXGM is a brand name of Depaho Ltd, a Cypriot investment firm founded in 2011.
- Its headquarters are in the city of Nicosia, Cyprus.
- FXGM is a European online trading brokerage firm that serves multiple entities.
- It is regulated and overseen by CySEC, in turn providing its clients with integrated trading conditions and guaranteed transparency.
Featured Offered
- FXGM offers a range of features designed to support traders of all levels.
- These include access to global markets through CFDs on forex, stocks, indices, and commodities, as well as a user-friendly trading platform.
- Clients receive personal account manager support, risk management tools like stop-loss and take-profit, and educational resources such as tutorials and market analysis to enhance trading knowledge and confidence.
| 🧩 Feature | 📊 Details |
| 🏦 Account Types | Multiple tiers including Basic, Silver, Gold, Platinum, and Premium |
| ⚖️ Leverage | Up to 1:200 for retail clients (depending on region and instrument) |
| 📉 Spreads & Commissions | Variable spreads; commission-free trading |
| 🌐 Instruments Offered | Forex, stocks, indices, commodities, and cryptocurrencies |
| 🖥️ Trading Platforms | WebPROfit platform with web and mobile access |
| ☪️ Islamic (Swap-Free) Accounts | Available on request, compliant with Sharia law |
| 🖧 Free VPS Hosting | Not offered |
| 👥 Copy Trading | Not supported |
| 🛡️ Client Fund Security | Funds held in segregated accounts for protection |
| 📋 Regulatory Oversight | Regulated by FSCA (South Africa) – License No. 50202 |
FXGM Customer Reviews
- FXGM customer reviews are mixed, with some traders praising the platform’s user-friendly interface, personalized support, and range of trading instruments.
- Others have expressed concerns about high fees and limited transparency.
- Overall, experiences vary depending on individual expectations and trading knowledge.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | 6.5/10 – Mixed feedback with praise for support but some concerns over fees |
| 👏Customer Satisfaction | Moderate – Users appreciate educational tools but seek better transparency |
| 📞Customer Service | 8/10 – Quick response times and helpful account managers praised by many users |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Mixed reviews—some praise for the account managers, others note high spreads | ⭐⭐⭐☆☆ |
 | Concerns about withdrawal delays and unclear fees reported by some users | ⭐⭐☆☆☆ |
 | Balanced feedback—good customer service, but transparency issues raised | ⭐⭐⭐☆☆ |
 | Generally positive—users highlight support and educational guidance | ⭐⭐⭐☆ |
 | Mixed to positive—fast replies appreciated, but some complaints on service quality | ⭐⭐⭐☆☆ |
FXGM Safety and Security
- FXGM ZA is fully licensed by the Financial Sector Conduct Authority (FSCA) in South Africa under FSP number 50202, ensuring it operates under strict regulatory standards.
- The platform uses secure payment methods like Visa, Mastercard, PayGate, and EFT, while also offering features like up to 10 risk-free trades and encrypted transactions.
- FXGM places a strong emphasis on client fund protection, data privacy, and local customer support to provide a safe and reliable trading environment.
Is FXGM a regulated and licensed broker?
Yes, FXGM ZA is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under FSP number 50202. This ensures the broker follows strict financial regulations to protect client interests and maintain transparent operations.
How does FXGM protect my personal and financial information?
FXGM uses advanced encryption protocols and secure payment gateways to safeguard client data and transactions. It also follows strict privacy policies and complies with local regulations to ensure all personal and financial information remains confidential and protected.
| 🛡️ Security Feature | ✅ Description |
| 💼 Regulation & Licensing | Regulated by the FSCA in South Africa (License No. 50202) |
| 🏦 Segregated Client Accounts | Client funds are held in separate accounts to enhance safety and transparency |
| 📝 Lloyd’s of London Insurance | Insurance coverage may apply through broker partnerships (not directly stated) |
| 🔐 Capital Strength & Credit Rating | Not publicly disclosed; no official third-party credit rating available |
| 🔒 Account-Level Security (Crypto) | FXGM does not offer crypto wallet trading; standard web-based security protocols |
| 📈 Negative Balance Protection | Available—clients cannot lose more than their deposited funds |
| 🧾 Transparent Compliance & Audits | Adheres to FSCA regulatory standards; basic transparency on operations |
FXGM at a glance
| 🔍 Broker's Name |  |
| 📍 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 |
| 📝Sign up | 👉 Open Account |
FXGM Account Types
- Available FXGM accounts depend on the trader’s jurisdiction and minimum deposit.
- All accounts include a free eBook, training, and a personal account manager.
- FXGM Global offers six account types with minimum deposits from $200 to $30 000, while FXGM ZA offers five types with minimum investments from $200 to $ 100,000.
- The Discovery account requires a minimum deposit of $200, the Silver account requires $400, and the Gold account starts with at least $1000 on deposit.
| 🏷️ Account Type | 💵 Min Balance (USD) |
| Discovery | $200 – $9,999 |
| Silver | $10,000 – $29,999 | All above + Commodity spread discounts, 1‑month Trading Central |
| Gold | $30,000 – $49,999 | All above + Majors/indices discount, 2‑month Trading Central |
| Premium | $50,000 – $99,999 | Enhanced access, 3‑month Trading Central, dedicated service |
| VIP | $100,000+ | Full analytics, 4‑month Trading Central, top-tier support |
| Demo (Live Demo) | $0 (practice mode) | Protected trades on first 5–10 live trades |
FXGM Account Features
Junior Account
- The Junior Account is ideal for beginners, with a minimum deposit starting at $200.
- It includes essential tools like free training, Autochartist, personal support, and up to 5 protected trades, helping new traders get started with confidence.
| Junior Account | |
| Account balance | $200 - $9,999 |
| e-book | Free |
| Training | Free |
| Personal Account Manager | ✔️ |
| Personal Customer Service Agent | ❌ |
| Autochartist | ✔️ |
| Spread discount on FX Majors | ❌ |
| Spread discount on Commodities | ❌ |
| Spread discount on Indices | ❌ |
Premium (Discovery/Silver) Account
- With a deposit of $10,000, the Premium account offers all Junior features plus access to Trading Central and better market insights.
- It’s perfect for traders looking to enhance their strategies with added tools and slight spread benefits.
| Premium Account | |
| Account balance | $10,000- $29,999 |
| e-book | Free |
| Training | Free |
| Personal Account Manager | ✔️ |
| Personal Customer Service Agent | ✔️ |
| Autochartist | ✔️ |
| Spread discount on FX Majors | ❌ |
| Spread discount on Commodities | ❌ |
| Spread discount on Indices | ❌ |
VIP Account
- The VIP Account, available from $30,000, provides advanced features including tighter spreads on major instruments, full access to Autochartist and Trading Central, and dedicated support, suited for experienced traders who want deeper market analysis.
| VIP Account | |
| Account balance | $30,000- $49,999 |
| e-book | Free |
| Training | Free |
| Personal Account Manager | ✔️ |
| Personal Customer Service Agent | ✔️ |
| Autochartist | ✔️ |
| Spread discount on FX Majors | ✔️ |
| Spread discount on Commodities | ✔️ |
| Spread discount on Indices | ✔️ |
Executive Account
- Starting at $50,000, the Executive Account includes all VIP benefits with greater spread discounts and extended analytics access.
- It caters to serious traders seeking high-level tools, faster support, and enhanced trading efficiency.
| Executive Account | |
| Account balance | $50,000- $99,999 |
| e-book | Free |
| Training | Free |
| Personal Account Manager | ✔️ |
| Personal Customer Service Agent | ✔️ |
| Autochartist | ✔️ |
| Spread discount on FX Majors | ✔️ |
| Spread discount on Commodities | ✔️ |
| Spread discount on Indices | ✔️ |
Royal Account
The Royal Account is designed for high-net-worth traders, requiring a deposit above $100,000.
It offers top-tier spread discounts, a full suite of analytical tools, and exclusive VIP services for a fully customized trading experience.
| Royal Account | |
| Account balance | Above $100,000 |
| e-book | Free |
| Training | Free |
| Personal Account Manager | ✔️ |
| Personal Customer Service Agent | ✔️ |
| Autochartist | ✔️ |
| Spread discount on FX Majors | ✔️ |
| Spread discount on Commodities | ✔️ |
| Spread discount on Indices | ✔️ |
What types of accounts does FXGM offer?
FXGM provides multiple account types designed to fit different trader needs, including Basic, Silver, Gold, Platinum, and VIP. Each account level offers varying benefits such as tighter spreads, enhanced trading tools, and personalized support depending on your deposit and trading experience.
Can I upgrade my FXGM account later?
Yes, you can upgrade your FXGM account as your trading experience grows or your investment increases. Higher-tier accounts unlock additional features like premium customer service, lower fees, and exclusive educational resources to support more advanced trading strategies.
FXGM Fees and Spreads
- FXGM ZA provides fixed spreads on major currency pairs, such as EUR/USD at 0.0004, AUD/USD at 0.0004, and USD/JPY at 0.06.
- These spreads are consistent and apply during standard trading hours, offering predictable trading costs.
What types of fees does FXGM charge?
FXGM charges spreads on trades, which vary depending on the instrument and market conditions. There are no commissions on most accounts, but fees may apply for overnight positions (swap/rollover fees) and inactivity after prolonged account dormancy.
How competitive are FXGM’s spreads?
FXGM offers competitive spreads that fluctuate with market liquidity. Spreads are typically tighter on major forex pairs and wider on less liquid instruments. Account type and market volatility can also affect spread levels, ensuring fair pricing for different trader needs.
FXGM Trading platforms
- FXGM gives you an opportunity to access the trading environment through the easy-to-use trading platform WebPROfit.
- It is an online-based platform that does not require installation.
- There is also Mobile PROfit, allowing you to stay connected and updated on the go, just through your mobile.
Web-Based Trading Platform:
- This platform provides a user-friendly interface accessible directly through your web browser, eliminating the need for downloads.
- It offers instant trade execution, real-time market news, customizable charts, and access to over 140 tradable assets, including forex, stocks, indices, commodities, and synthetic derivatives.
FXGM Mobile App:
- Available for both Android and iOS devices, the FXGM mobile app allows you to manage your account, place trades, and monitor positions on the go.
- It features synchronized access with the web platform, real-time financial news, an economic calendar, and Autochartist integration for technical analysis.
What trading platform does FXGM offer?
FXGM provides the WebPROfit platform, a user-friendly, web-based trading platform. It offers real-time quotes, charting tools, risk management features, and easy access to a wide range of financial instruments without the need for downloads or installations.
Is FXGM’s trading platform suitable for beginners?
Yes, the WebPROfit platform is designed to be intuitive and beginner-friendly. It includes educational tools, trading alerts, and a simple interface, making it easier for new traders to understand the markets and manage their trades confidently.
FXGM Sign-up Bonus
- FXGM does not offer a sign-up bonus. Traders who register a real account with FXGM are not offered either a sign-up bonus, a deposit bonus, or a welcome bonus.
- Brokers often offer a broker bonus to new traders in an effort to draw in more customers, in addition to encouraging trading activities.
- Offering a deposit or welcome bonus is the best way to assure traders that they will receive some money back, depending on the initial deposit made.
Does FXGM offer a sign-up bonus for new traders?
FXGM may offer promotional sign-up bonuses to new clients, depending on the current campaign and region. These bonuses are subject to terms and conditions and may include risk-free trades or refund offers on initial positions.
Are there any conditions attached to the FXGM sign-up bonus?
Yes, all FXGM sign-up bonuses come with specific conditions. These may include minimum deposit amounts, limited-time offers, or trading volume requirements. It’s important to read the full terms or consult with your account manager before claiming a bonus.
Deposit Method:
| 📥 Deposit Method | ⚡ Speed | 💸 Fees |
| 💳 Credit / Debit Card | Instant–1 hour | No deposit fees |
| 🏦 Bank Transfer (Wire/SWIFT) | 2–5 business days | No deposit fees |
| 🌐 E-Wallets (Skrill, Neteller, etc.) | Instant–1 hour | No deposit fees |
| ₿ Cryptocurrency (BTC, USDT) | Up to 1 hour | May incur blockchain/network fees |
| 💶 SEPA (Eurozone only) | 1–3 business days | No deposit fees |
| 📝Sign up | 👉 Open Account | 👉 Open Account |
Withdrawal Method:
| 📤 Withdrawal Method | ⚡ Speed | 💸 Fees |
| 🏦 Bank Transfer | Processed within 24 hours, then 1–3 business days | No FXGM fees; sending or intermediary banks may charge |
| 💳 Credit / Debit Card | Processed within 24 hours, then back to card | No FXGM fees; refunded to same card used for deposit |
| 🌐 E-Wallets | Processed within 24 hours, then 1–2 days | No FXGM fees; e-wallet providers may apply charges |
| ₿ Cryptocurrency | Not supported by FXGM ZA | Crypto withdrawals are not currently offered on FXGM ZA |
| 🔄 Local Payment Solutions & Regional Wallets | Depends on method usually 24 h + 1–3 days | No FXGM fees; local provider fees may apply |
| 📝Sign up | 👉 Open Account | 👉 Open Account |
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’s authorization as a broker and its regulatory authorities may require that client funds be kept in segregated accounts, separate from the broker account and that such funds can only be used by traders to conduct their trading activities.
A step-by-step guide to depositing 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 is registered and has 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.
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 a utility bill (not older than 6 months), a Bank Statement ( not older than 3 months ), or a Municipality Certificate (not older than 6 months) showing your name and residential address.
FXGM vs FXGlobe vs XM – A Comparison
| 🔎 Broker | |  |  |
| 💰 Minimum Deposit | $200/R3 200 | $250/R8 000 | $5 USD/R80 |
| 📝 Sign-Up Bonus | No | Yes | Yes |
| ➕ Max. Leverage | 1:200 | 1:300 | 1:888 |
| 💵 Currency Pairs | 40+ | 50+ | 57 |
| 📝Sign up | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Customer Reviews
⭐ Aristos Panteli, Senior Account Manager
Aristos Panteli is a Senior Account Manager known for his professionalism and in-depth market knowledge.
He provides clients with valuable trading insights and personalized support, helping them navigate the platform and make informed decisions with confidence.
⭐ Great assistance from Aristos Panteli!
Clients consistently praise Aristos Panteli for his outstanding support.
His prompt responses, clear guidance, and dedication to client success have made him a trusted figure among traders seeking reliable assistance and expert advice.
⭐ I have worked with many different.
I have worked with many different brokers, but the experience with FXGM, especially with their support team, stands out.
The level of attention, transparency, and care provided is unmatched, making the trading experience smoother and more confident.
Conclusion
FXGM is a company that operates from its European entity based in Cyprus and has expanded its offering through the South Africa branch.
What is important is that the broker is regulated in each region it operates in, making its conditions transparent and reliable to you as an investor.
FXGM trading conditions are competitive and easy for beginning traders and professionals.
Its diverse range of account types will give you extra benefits with bigger discounts if your trading account keeps growing, which promises you fruitful results.
You might also like:
FXGM Demo Account – Step-by-Step
Disclaimer
FXGM does not guarantee your initial investment or portfolio value at any time. Investment values can rise or fall, and you may lose your entire capital.
Trading decisions are made solely at your own risk and judgment.
Market updates, news, and information from FXGM may change or be removed without notice.
CFDs are complex instruments with a high risk of loss due to leverage.
Around 81% of retail investors lose money trading CFDs with this provider.
Consider carefully if you understand the risks and can afford potential losses, especially in South Africa.
Frequently Asked Questions
What is FXGM?
FXGM is an online forex and CFD broker offering a range of trading instruments, including currencies, commodities, stocks, and indices. It is operated by a regulated investment firm and provides services mainly through its proprietary platform and mobile apps.
Is FXGM a regulated broker?
Yes, FXGM is operated by Depaho Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulation ensures FXGM adheres to EU financial standards, offering added protection and transparency for client funds and operations.
What trading platforms does FXGM offer?
FXGM primarily offers its proprietary WebPROfit platform, which is user-friendly and accessible via web and mobile devices. The platform supports real-time market data, risk management tools, and a simplified interface suitable for both beginners and experienced traders.
What types of accounts does FXGM offer?
FXGM offers multiple account types based on deposit levels, including Basic, Silver, Gold, Platinum, and VIP. Each level provides additional benefits such as tighter spreads, educational resources, and premium customer support. Account tiers are designed to match traders experience and goals.
Does FXGM offer demo accounts?
No, FXGM does not provide traditional demo accounts. However, users receive free training and guidance through personal account managers to understand the platform, market dynamics, and trading tools before risking real capital.
What instruments can I trade with FXGM?
With FXGM, traders can access forex pairs, indices, commodities, stocks, and cryptocurrencies via CFDs. This wide variety allows traders to diversify their portfolios and take advantage of different market opportunities through a single, integrated platform.
How can I deposit funds into my FXGM account?
FXGM supports various deposit methods, including credit/debit cards, bank wire transfers, and e-wallets. Deposits are typically processed quickly, with funds reflecting in the account within one business day, depending on the chosen method and financial institution.
Are there any withdrawal fees with FXGM?
FXGM may charge withdrawal fees depending on the withdrawal method used. It’s important for clients to review the company’s terms and conditions or contact customer support to understand any applicable charges before requesting a withdrawal.
Does FXGM provide customer support?
Yes, FXGM offers multilingual customer support via phone, email, and live chat. Clients can also receive personal assistance from dedicated account managers, especially for trading guidance, platform support, or any account-related inquiries.
What educational resources does FXGM offer?
FXGM provides clients with educational tools such as eBooks, video tutorials, webinars, and market analysis. These resources are tailored to help traders of all levels understand market trends, improve strategies, and navigate the platform more effectively.
