Introduction
FXGlobal is a popular forex broker that offers trading in over 50 currency pairs, CFDs, and metals on the MetaTrader 4 platform. The broker is regulated by the Financial Conduct Authority (FCA) in the UK and offers negative balance protection to its clients. In this FXGlobal review, we will take a look at the broker’s regulation, platforms, pros and cons, and traders’ ratings to see if it is a good choice for forex trading.
Regulation
All good forex brokers are regulated by one or more of the major regulatory bodies. These include the US Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), the Financial Conduct Authority (FCA) in the UK, and other similar organizations.
The role of these regulatory organizations is to protect traders from fraudulent brokers. They do this by setting minimum standards that all brokers must adhere to, and by providing a mechanism for dispute resolution.
FXGlobal.com is regulated by the CFTC and NFA. This means that it is subject to strict financial regulations and audits, and that your funds are safe.
The company is also a member of the National Futures Association (NFA), which is another self-regulatory body for the US futures industry.
Platforms
Forex Global’s platforms are designed for online forex and CFD trading. The company offers the MetaTrader 4 (MT4) platform and the Webtrader platform. The MT4 platform is a popular choice for online forex traders as it offers a user-friendly interface, a wide range of features and tools, and customizability. The Webtrader platform is a web-based platform that does not require any software downloads. It is also user-friendly and provides all the features and tools needed for online forex and CFD trading.
Pros and Cons
When it comes to online forex trading, one of the most important considerations is the broker you use. In this FXGlobal.com review, we’ll take a look at the company’s regulation, platforms, pros and cons, and traders’ ratings.
FXGlobal is a member of the National Futures Association (NFA) and is registered with the Commodity Futures Trading Commission (CFTC). This means that the company is subject to strict financial regulations in both the US and UK.
The company offers two main trading platforms: MetaTrader 4 and cTrader. Both platforms are available for desktop, web, and mobile devices. MetaTrader 4 is one of the most popular forex trading platforms in the world, while cTrader is a newer platform that’s gaining popularity among traders.
One of the biggest advantages of FXGlobal is that it offers low spreads on major currency pairs. Spreads start at just 0.1 pips on EUR/USD, which is very competitive compared to other brokers. Another plus point is that there are no deposit or withdrawal fees charged by FXGlobal.
On the downside, some users have reported issues with customer service response times. There have also been complaints about slippage during fast-moving market conditions. Overall, however, FXGlobal seems to be a solid choice for online forex trading.
Traders Ratings
As a forex trading platform, FXGlobal.com is highly trusted and regulated by some of the world’s most stringent financial authorities. In addition, the platform also boasts a very user-friendly interface that makes it easy for even beginner traders to get started with forex trading. However, one thing that sets FXGlobal.com apart from other similar platforms is its focus on customer service and providing a personal touch to each and every client.
FXGlobal.com has been in operation since 2020 and is owned by Global Market Media Ltd, a company based in the Marshall Islands. The platform is available in English, Spanish, German, French, and Italian.
One of the things that make FXGlobal.com stand out is its customer service team which is available 24/5 via live chat, phone, or email. The team is always ready to help clients with any issues they may have, no matter how big or small. This dedication to excellent customer service is one of the reasons why FXGlobal.com has such high ratings from its users.
Another thing that makes FXGlobal.com a great choice for forex trading is its wide range of currency pairs and CFDs that traders can choose from. The platform offers more than 50 different currency pairs as well as CFDs on stocks, indices, commodities, and cryptocurrencies. This gives traders a lot of flexibility when it comes to choosing which assets to trade in order to achieve their investment goals.
Conclusion
FXGlobal is a reliable broker that is regulated by CySEC. They offer the MetaTrader4 and WebTrader platforms. The main advantages of using this broker are tight spreads, fast execution, and a good customer service team. The main disadvantages are the lack of education material and the lack of bonuses and promotions. Overall, FXGlobal is a good choice for experienced traders who are looking for a reliable broker with low spreads.