Beware! FX-GlobalMarkets is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


FX-GlobalMarkets gives us many reasons to be suspicious, starting with the difference between brand and domain. Even a basic inspection shows that this website is not at all what it portrays itself to be – an established forex broker that will help us “enter the trading arena with confidence”. In this review, we will show you why you should stay away from the FX-GlobalMarkets and how to find a trustworthy investment intermediary.

FX-GlobalMarkets Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

FX-GlobalMarkets does not disclose who is behind this website. Nowhere is a company name, regulatory licence details or a contact address given. There are no Terms and Conditions, Client Agreement, Privacy Policy or other required documentation.

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

The website is also available in German, which has prompted German financial regulator BaFin to issue a warning that FX-GlobalMarkets is not a licensed and authorised broker.

Under no circumstances should you trust your money to such anonymous websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

FX-GlobalMarkets Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
FX-GlobalMarkets platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

FX-GlobalMarkets implements a fairly basic web trading platform. Here is how it looks like:

It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

While this platform has the basic functionality to place orders, it cannot compare to the capabilities provided by MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It is no coincidence that these platforms have established themselves as the industry standard. They offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

FX-GlobalMarkets Trading instruments

FP MarketsYesYesYesYesYes

Instruments from all major asset classes are included in the FX-GlobalMarkets trading software. But as stated, there is absolutely no guarantee that this trading is real. There is no good reason to choose this anonymous website over a licensed forex broker.

FX-GlobalMarkets Spreads and cost of trading

FX-GlobalMarketsXMFP MarketsOcta
Spread EURUSD00.61.20.9
Spread GBPUSD01.31.5x
Spread USDJPY01.31.5x

In the trading platform we see zero spread. This suggests that the broker must charge some kind of commission. But FX-GlobalMarkets does not provide any information about the price paid by the client and other basic trading parameters.

FX-GlobalMarkets Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

In the trading platform we see a leverage of 1:10 for all asset classes. This is actually lower and more restrictive than what is offered by regulated brokers trading currency pairs, but it is higher and riskier than what is allowed for cryptocurrency trading.

FX-GlobalMarkets Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursFree
PayPal1 hour24 hours2%
Skrill1 hour24 hours2%
Neteller1 hour24 hours2%
Crypto24 hours24 hoursFee depends on crypto

At the time of writing this review, there were no active options on the FX-GlobalMarkets deposit menu. Experience has shown that this type of scam directs its potential victims to crypto transactions that do not allow for refunds.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

FX-GlobalMarkets Minimum deposit

FX-GlobalMarketsXMFP MarketsOcta
Minimum deposit$5000$5$100$100

FX-GlobalMarkets requires a huge initial investment of 5,000 USD. With as little as 50 USD or even as little as 5 USD you could open a starter trading account with a duly licensed and reputable broker.

FX-GlobalMarkets Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
FX-GlobalMarketsNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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