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% | 20.50% |
| 3.Trading-Options | 26.00% | 16.50% |
| 4.Technology | 16.00% | 10.00% |
| Overall Rating | 100.00% | 65.73% |
FXGM Analysis Rating
| FXGM RATING ANALYSIS (v.2.) | ||||
| FXGM TOTAL RATING | 100.0% | FXGM Broker | ||
| Weight Analysis | Factor Analysis | 65.73% | 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 | 20.50% | 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 | 3.00% | FXGM EUR/USD Spread is between 2 and 3 pips, the average spread is 2.5 pips =3.0% |
| 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 | 16.50% | 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 | 4.00% | Bonus at FXGM is between 10% and 30% -Average Bonus 20% =4% |
| 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) |
FXGM Full Rating Analysis
Online Forex (2012)
