- CySEC
- FSCA
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of FXGM Trading Company
Incorporated in 2011 under the laws of the Republic of Cyprus, FXGM is a trading name of Depaho Ltd. Its headquarters are located in Nicosia, Cyprus.
Depaho Ltd gives traders access to a high-end online trading platform called PROfit. Here they can trade currencies, commodities, and major stocks in the form of CFDs. The PROfit platform was carefully designed to meet the needs of newcomers, and at the same time to be sophisticated enough to satisfy experienced traders. Depaho Ltd is regulated in Europe by the Cyprus Security and Exchange Commission (CySEC, 161/11). It is a strong guarantee that the company adheres to applicable rules and regulations aimed to provide investors with complete transparency and a full understanding of the benefits and risks associated with online trading.
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Trading Conditions for FXGM Users
| 💻 Trading platform: | PROfit trading platform, Web, Mobile |
|---|---|
| 📊 Accounts: | Basic, Discovery, Silver, Gold, Diamond, VIP |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Credit/Debit Cards, Skrill, Neteller, Paypal, Klarna |
| 🚀 Minimum deposit: | 200 USD |
| ⚖️ Leverage: | 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | from 0,3 p |
| 🔧 Instruments: | Forex, Cryptocurrencies, Indicies, Commodities, Share CFDs, ETFs. |
| 💹 Margin Call / Stop Out: | 50%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Market Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
Contacts
| Foundation date | 2014 |
| Registration address | Agias Fulaxeos & Amisou 134, Annissa Court, 4th Floor, 3087 Limassol, Cyprus |
| Regulation |
CySEC, FSCA Licence number: 161/11, 47709 |
| Official site | fxgm.com |
| Contacts |
Email:
info@fxgm.com,
customer.service@fxgm.com,
Phone: +357 22 030 082, +357 22 300 542 |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
FAQs
Why has FXGM been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against FXGM by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of FXGM is down, not updated or operates with clear errors and some features are not available;
• FXGM has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if FXGM got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why FXGM got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from FXGM?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if FXGM is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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