BrokAIr Reviews

Xglobal Markets Review

"Xglobal Markets has been accused of providing inadequate customer service, but at the same time they are one of the fastest brokerages when it comes to executing trades. Is Xglobal Markets sacrificing customer service for speed?"

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Xglobal Markets Overview

Xglobal Markets is an online brokerage that provides trading services primarily in foreign exchange (Forex) and contracts for difference (CFDs). It was founded in 2018, and is based in the Marshall Islands. Xglobal Markets offers a range of trading accounts with competitive spreads and other features, as well as educational resources for those learning to trade.

Pros

Cons

Founders and Background

Xglobal Markets was founded by a team of experienced professionals who have been working in the world of finance for many years. They have a strong commitment to provide their customers with the best trading environment. In addition to their experienced team, Xglobal Markets is backed by the Marshall Islands Financial Services Authority (MSFSA).

Public Opinion

Public opinion on Xglobal Markets is generally positive, with many traders praising the company's low spreads and wide range of trading accounts. However, some users have raised concerns about the lack of regulation and the limited number of instruments available for trading.

Newsworthy Events

In 2019, Xglobal Markets announced the launch of their new web-based platform, which allowed traders to access their accounts from any device, without having to download any software. In 2020, they announced a further expansion of their range of products, including indices and commodities. In 2021, they became a member of the Marshall Islands Stock Exchange (MSX), providing their clients with access to the local stock market.