Brief Look at FXGM
FXGM is a trademark of the Cypriot investment company Depaho Ltd, which supposedly owns FXGM but has ceased operations. FXGM, formerly known as FX Global Management, changed its name to distance itself from a negative reputation.
FXGM uses the domain fxgm.co.uk, similar to the fraudulent broker FX Global Markets' domain fxgm.com. This similarity makes it difficult to find honest reviews, as most comments found seem sponsored.
Additionally, the broker does not disclose its founding date, further raising suspicions. It appears FXGM started operations in the second half of 2020, coinciding with Depaho Ltd's registration on August 26, 2020.
The first reviews of FXGM, dated September 2021, were posted on TrustPilot. Genuine reviews about FXGM, which appeared in November 2021, report the inability to withdraw funds.
Regulatory bodies from Spain, the UK, Germany, France, Cyprus, and South Africa have warned against working with FXGM.
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