📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

FXGM.com Fees and Spreads

FXGM.com Fees and Spreads

 

 

 

Overall Rating

4.5/5

Rated #409 of 
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FXGM.com charges a commission fee with spreads from 0.3 pips.

FXGM.com doesn’t charge any account fees, while deposits and withdrawals are also free of charge. FXGM also charges an inactive fee of $500 per quarter.

Finding a reputable list about FXGM.com Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

FXGM.com’s spread on EURUSD on the Standard and other accounts start at 0.3 pips.

Fees, spreads, and commissions mentioned on the company spread list that traders can expect when trading with FXGM.com are as follows:

  • FXGM offers tight spreads across many of its asset classes
  • This broker charges a rollover fee of 0.015% on any overnight exposure for all assets except cryptocurrency
  • Cryptocurrency is charged at 0.05% by the global entity and 0.1% at FXGM ZA.
  • The global branch also imposes a quarterly inactivity fee of €150, which rises to $500 at FXGM ZA.
  • Rollover Fee: 0.015% of the overnight exposure on Currencies, Commodities, Indices, Shares & ETFs
  • 2% (Retail Clients)
  • 0.1% (Professional Clients) on Cryptocurrencies.
  • FXGM as an STP broker provides tight variable spreads according to the market conditions, while actual cost is defined by the account type you are using.
  • Each account type, as mentioned, features a Price Discount of up to 25% for both spread and rollover fees, so you may benefit from better costs if your trading size increases.

 

Additional Trading Fees

When trading financial instruments such as forex, traders can expect that overnight fees or swap fees may be charged when positions are held for longer than a trading day.

FXGM.com does not make provision for an Islamic Account for Muslim traders who follow the Sharia Law and are thus prohibited from earning or paying interest where the holding of open positions is concerned.

The FXGM.com support team can also advise whether spread betting is allowed and what spread betting fees could apply.

 

Overall Rating

4.5/5

Rated #409 of 
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

FXGM.com will also charge a 500 USD fee if no trading activity has taken place on an account in three months.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

There are no further hidden fees like deposit fees or withdrawal fees at FXGM.com.

 

Pros and Cons

✔️ PROS ❌ CONS
CySEC and FSCA regulated. No MT4 or alternative platform
Browser-based PROfit trading platform. No traditional demo account
Low fees No Islamic account option available
Loss protection for first ten trades (subject to T&Cs) No 24/7 support
Commission-free Retail and Professional trading accounts available. No copy or social trading

 

You might also like: FXGM.com Minimum Deposit

You might also like: FXGM.com Demo Account

You might also like: FXGM.com Sign up Bonus

You might also like: FXGM.com Account types

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with FXGM.com?

You can trade several different instruments with FXGM.com, which include the following:

  • FX
  • Metal
  • CFDs
  • Stocks
  • Futures
  • Options

 

Which platforms are supported by FXGM.com?

FXGM.com provides the following popular trading platforms:

  • WebPROfit
  • Mobile PROfit

 

Does FXGM.com offer leverage?

Yes, FXGM.com offers maximum leverage of up to 1: 200.

 

What spreads can I expect with FXGM.com?

FXGM.com offers spreads from 0.3 pips on EUR/USD.

 

Does FXGM.com charge commission?

Yes.

 

Are there additional charges on the Islamic account?

FXGM.com does not offer an Islamic Account.

 

Is FXGM.com regulated and by whom?

FXGM.com is regulated by CySEC, FSCA, MiFID, FCA, and BaFin.

 

Is FXGM.com a recommended forex trading broker for experts and beginners?

FXGM.com offers the best trading environment for all types of traders, but new traders may suffer because of a lack of educational support.

 

What is the overall rating out of 10 for FXGM.com?

7/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out