FXGM Forex Broker -Rating Analysis
FXGM Forex Broker General Rating
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ASPECT
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RATING
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MAX
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ARCHIEVED
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4.Technology
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62.5%
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16%
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10%
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3.Trading-Options
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71.2%
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26%
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19%
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2.Competition
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60.0%
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30%
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18%
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1.Reliability
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60.7%
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28%
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17%
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Overall Rating
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100%
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63.5%
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FXGM Rating Analysis
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General Rating
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Weight
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FXGM Broker
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||
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TOTAL RATING
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28%
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63.5%
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ANALYSIS
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1. RELIABILITY
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17%
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FXGM Reliability Analysis
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1.1 FXGM Regulation
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12%
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CYSEC=3, CBI=4, ASIC=4, BaFIN=5, FSA (UK)=6
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12%
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FXGM is regulated by FSA (UK), CySEC, MiFID, BaFin =max
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1.2 FXGM Headquarters
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5%
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General Offshore=0, Cyprus=2, Ireland, Australia=4, USA, UK, Switcherland=5
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2%
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FXGM Home Base is in Nicosia, Cyprus =2%
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1.3 FXGM Foundation
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4%
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0-2 Years=0, 2-4 Years =1, 5-7 Years=2, 7-10 Years=3, 10+ Years = 4
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2%
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FXGM was found in 2006 5-7 years =2%
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1.4 US Residents
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2%
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Yes=2 / No=0
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0%
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FXGM doesn't allow US traders =0%
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1.5 FXGM FPA Rating
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5%
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Actual Forex Peace Army Rating
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1.00%
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FXGM FPA=1.0
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1.6 FXGM Google Scam Investigator
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Not Active
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2. COMPETITION
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30%
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18%
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FXGM Competition Analysis
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2.1 FXGM Spread on EUR/USD
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12%
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<0,5=12%, <0,75=10%, <1=8, <1,5 = 6, <2=4, <3=2, <4=1, >4=0
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4%
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FXGM EUR/USD minimum Spread is 2 pips =4%
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2.2 FXGM Commissions Charged
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8%
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No Commissions=8, Low Commissions=4, Medium Commissions=1
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8%
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No Commissions are charged by FXGM when trading Forex or when trading CFDs
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2.3 FXGM Deposit / Withdrawal Commissions
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2%
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Yes=0, No=2%
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2%
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No Withdrawal Commissions are charged by FXGM =2%
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2.4 FXGM Leverage
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4%
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400%+=4, 300%=3, 200%=2, 100%=1, <100%=0
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0%
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Max Leverage at FXGM is 1/50 = 0%
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2.5 FXGM Customer Service
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4%
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Live Chat=2, 24/7=2, 24/6=1, 24/5=0, Phone=1
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4%
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FXGM provides 24/6=1%, Chat=1% and Phone=1%
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3. TRADING OPTIONS
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26%
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19%
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FXGM Trading Analysis
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3.1 FXGM Availbale Assets
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10%
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Number of Currencies=8%, Commodities=1%, Srocks & Indices=1%
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10%
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FXGM offers 31 Forex Currencies=8%, Commodities=1%, Stocks & Indices=1%
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3.2 FXGM Bonus / Rebate
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8%
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10% Bonus/ Rebate=2, 15%=3, 20%=4, 25%=5 30%=6, 35%=7, 40%+=8
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4%
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Bonus at FXGM is between 10% and 30% -Average Bonus 20% =4%
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3.3 FXGM Scalping
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2%
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Yes=2 / No=0
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0%
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FXGM forbids Forex Scalping =0%
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3.4 FXGM Hedging
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1%
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Yes=1 / No=0
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1%
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Yes FXGM provides Forex Hedging
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3.4 FXGM Deposit Methods
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2.50%
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For every method 0,5%, max=5
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2.00%
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4+ methods available (Credit Cards, Debit Cards, Bank Wire, Liberty, MoneyBookers =2.0%
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3.5 FXGM Withdrawal Methods
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2.50%
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For every method 0,5%, max=5
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1.50%
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3 methods available (Credit Cards, Debit Cards, Bank Wire) =1.5%
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4. TECHNOLOGY
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16%
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10%
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FXGM Technological Analysis
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4.1 FXGM Available Platforms
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5%
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Each Platform=1%, max=5
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4%
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4 Platforms Available at FXGM (Trading Station Web and Windows, MT4 and PROfit platform) =4%
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4.2 FXGM API Trading
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1%
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Yes=1 / No=0
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0%
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No, API trading is not available at FXGM
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4.3 FXGM Expert Advisors
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2%
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Yes=2 / No=0
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2%
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Yes FXGM provide the option for Expert Advisors using MT4 Platform
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4.4 FXGM Mobile Trading
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2%
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Each Supported Device=0,5%, max=4
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0.50%
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FXGM provides application only for iPhone =0.5%
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4.5 FXGM MT4 / MT5 Availability
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1%
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Yes=1 / No=0
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1%
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Yes, FXGM provides Metatrader4
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4.6 FXGM General Innovation
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5%
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High Innovation=5%, Medium Innovation=2.5%
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2.50%
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Medium Innovation (offering education, free signals and a good variety of trading platforms)
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FXGM Forex Broker Rating Analysis
Online Forex (2012)
