FXGM FX Rating Review (v.2.0)


 FXGM Forex Broker
-Full Rating Analysis (v.2) 

  

FXGM Forex Broker General Rating

FXGM RATING SUMMARY    
  MAX ACHIEVED
1.Reliability 28.00% 18.73%
2.Competition 30.00% 21.50%
3.Trading-Options 26.00% 18.50%
4.Technology 16.00% 10.00%
Overall Rating 100.00% 68.73%

 

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FXGM Rating Analysis

FXGM RATING ANALYSIS  (v.2.)    
FXGM TOTAL RATING 100.0%   FXGM Broker
  Weight Analysis Factor Analysis 68.73% ANALYSIS
1. FOREX BROKER CREDIBILITY 28.00% FACTOR-1 ANALYSIS 18.73% FXGM Reliability Analysis
1.1 FXGM Level of Regulation 12.00% FSC (BVI)=1.0%, CYSEC=3.0%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, FINMA=8.0% and MiFID=+4.0% 12.00% FXGM is regulated by FSA (UK), CySEC, MiFID, BaFin =max
1.2 FXGM Headquarters Base 5.00% Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% 2.00% FXGM Home Base is in Nicosia, Cyprus =2.0%
1.3 FXGM Years in the Market 4.00% 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% 3.00% FXGM was found in 2006 7-10 years =3.0%
1.4 US Traders 2.00% Yes=2.0 or No=0 0.00% FXGM doesn't allow US traders =0%
1.5 FXGM Web Ratings (Usage for differentiating results) 5.00% 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% 1.73% FXGM FPA=1.0 / 5.0 - EarnForex 4.9 / 10.0, Average Total=3.45 /10.0
         
2. FOREX BROKER COMPETITION 30.00% FACTOR-2 ANALYSIS 21.50% FXGM Competition Analysis
2.1 FXGM Offering Spread (EUR/USD) 12.00% EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.70=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 4.00% FXGM minimum EUR/USD Spread is 3 pips =4.0%
2.2 FXGM Commissions on Trading 7.00% No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0  7.00% No Commissions are charged by FXGM when trading Forex or when trading CFDs
2.3 FXGM Commissions on Deposit / Withdrawal 2.00% Yes=0 or No=2.0% 2.00% No Withdrawal Commissions are charged by FXGM =2%
2.4 FXGM Maintenance Fees 2.00% Yes=0 or No=2.0% 2.00% No such Commissions charged by FXGM
2.5 FXGM Rate of Leverage 4.00% 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% 4.00% Leverage is 1/400 (all Trading Accounts) =4.0%
2.6 FXGM Customer Service Quality 3.00% 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% 2.50% FXGM provides 24/6=0.5%, Chat=1% and Phone=1% Total=2.5%
3. FOREX BROKER OPTIONS 26.00% FACTOR-3 ANALYSIS 18.50% FXGM Trading Analysis
3.1 FXGM Availbale Forex Currencies 8.00% 45+ Currency Pairs=8.0%, 40+ Currency Pairs=7.0%, 35+ Currency Pairs=6.0%, 30+ Currency Pairs=5.0%, 25+ Currency Pairs=4.0%, 20+ Currency Pairs=3.0%, 15+ Currency Pairs=2.0%, 10+ Currency Pairs=1.0%, Less than 10 pairs=0 5.00% FXGM provides 31 Fx Currencies=5.0%
3.2 FXGM Other Financials Available 2.00% Commodities=1.0%, Energy=1.0%, CFD trading=1.0% 2.00% Commodities=1%, Stocks & Indices=1%
3.3 FXGM Bonus / Rebate Rate 8.00% Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 6.00% Bonus at FXGM is up to 30% =6%
3.4 Scalping Allowance 1.50% Yes=1.5% or No=0% 0.00% FXGM forbids Forex Scalping =0%
3.5 Hedging Availability 1.50% Yes=1.5% or No=0% 1.50% Yes FXGM provides Forex Hedging
3.6 FXGM Number of Deposit Methods 2.50% For each deposit method available=0,5%, max=5 methods 2.50% 5+ methods available (Credit Cards, Debit Cards, Bank Wire, Liberty, MoneyBookers =2.5%
3.7 FXGM Number of Withdrawal Methods 2.50% For each withdrawal method available=0,5%, max=5 methods 1.50% 3 methods available (Credit Cards, Debit Cards, Bank Wire) =1.5%
4. FOREX BROKER TECHNOLOGY 16.00% FACTOR-4 ANALYSIS 10.00% FXGM Technological Analysis
4.1 FXGM Available Platforms 5.00% Each Supported Platform=1%, max=5 4.00% 4 Platforms Available at FXGM (Trading Station Web and Windows, MT4 and PROfit platform) =4.0%
4.2 API Trading Availability 1.00% Yes=1.0 or No=0 0.00% No, API trading is not available at FXGM
4.3 Automated Trading (Expert Advisors) 2.00% Yes=2.0 or No=0 2.00% Yes FXGM provide the option for Expert Advisors using MT4 Platform
4.4 FXGM Mobile Devices Support 2.00% Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 0.50% FXGM provides application only for iPhone =0.5%
4.5 FXGM MT4 / MT5 Availability 1.00% Yes=1.0 or No=0 1.00% Yes, FXGM provides Metatrader4
4.6 FXGM Level of Innovation 5.00% High Innovation=5%, Medium Innovation=2.5% 2.50% Medium Innovation (offering education, free signals and a good variety of assets and trading platforms)

 

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