FXGM Trading Signals - TU Expert review

Updated: February 22, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full FXGM
overview

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy Trading Signals
Copy trading signals allow traders to automatically replicate the trades of successful investors. By following experienced traders, beginners can gain exposure to professional strategies, while advanced traders can diversify their portfolios.
Trading Central Signals
Generated by the Trading Central platform, these signals provide technical analysis and actionable insights based on market trends, patterns, and key levels. They cater to traders seeking a professional edge in decision-making.
Signals (Alerts)
Forex Alerts are direct notifications sent to traders about potential trading opportunities. These signals can be based on technical indicators, fundamental analysis, or market movements, helping traders act quickly on profitable setups.
TradingView Signals
These signals are derived from indicators and tools available on the TradingView platform. Brokers integrated with TradingView offer users access to custom alerts and community-driven insights, making it ideal for chart enthusiasts.
Autochartist Signals
Autochartist generates automated signals by identifying chart patterns, Fibonacci levels, and key price movements. It’s a valuable tool for traders looking for technical setups without manual charting.
Trading Bots (Expert Advisors)
Trading bots or EAs are automated systems that execute trades based on pre-programmed strategies. They allow traders to capitalize on opportunities without continuous monitoring of the markets.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Short introduction of 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.

💰 Account currency:	USD
🚀 Minimum deposit:	200 USD
⚖️ Leverage:	1:200
💱 Spread:	from 0,3 p
🔧 Instruments:	Forex, Cryptocurrencies, Indicies, Commodities, Share CFDs, ETFs.
💹 Margin Call / Stop Out:	50%/50%

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that FXGM does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

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FAQs

Can I lose money by trading signals?

Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.

Do brokers offer premium subscriptions to signals?

In some cases, brokers may offer premium subscriptions.

Is automatic position opening based on signals possible?

Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.