Profile
XGLOBAL Markets is a Cyprus-based CFD broker providing forex, indices, commodities, and metals trading via MetaTrader 4. Targeting both retail and institutional clients, the broker offers STP execution, multilingual support, and high-leverage accounts. This XGLOBAL Markets review assesses its regulatory status, execution model, asset coverage, account types, and client protections.
Regulation and Security
XGLOBAL Markets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 171/12. As an EU-regulated firm under MiFID II, it is passported across the EEA and adheres to regulatory obligations including:
- Segregated client funds
- Negative balance protection
- Participation in the Investor Compensation Fund (ICF), covering eligible clients up to €20,000
Client funds are held in top-tier EU banks and regularly audited by independent firms to ensure compliance.
Execution Model
XGLOBAL Markets operates a pure STP (Straight Through Processing) model. All client orders are routed to third-party liquidity providers without dealing desk intervention. This approach eliminates conflicts of interest and allows for variable spreads and faster execution, especially under normal market conditions.
Trading Platforms
The broker offers trading via the MetaTrader 4 (MT4) platform only. Available across desktop, mobile, and web terminals, MT4 supports:
- Custom indicators and automated trading via Expert Advisors (EAs)
- Real-time pricing and one-click execution
- Trailing stops, limit orders, and multiple chart types
XGLOBAL does not currently offer MT5, proprietary platforms, or FIX API access.
Supported Markets
XGLOBAL Markets provides CFD trading across four main asset classes:
- Forex – 50+ pairs including majors, minors, and exotics
- Metals – Gold, silver, platinum
- Commodities – Crude oil, natural gas
- Indices – Global cash indices including DAX, NASDAQ, FTSE, S&P 500
No equities, ETFs, or cryptocurrencies are currently offered.
Account Types and Trading Conditions
XGLOBAL Markets offers a single account type for retail clients with the following core conditions:
- Minimum deposit: $0
- Spreads: Floating from 0.9 pips (EUR/USD)
- Leverage: Up to 1:30 for EU clients, up to 1:500 for offshore clients
- Execution: STP only, no requotes
- Islamic swap-free accounts available on request
Institutional clients can apply for tailored liquidity, custom margin requirements, and MAM/PAMM solutions.
Retail and Institutional Features
The broker serves both retail and institutional segments. Features include:
- MAM/PAMM support for asset managers
- Volume-based commission structures
- Multilingual support (English, Arabic, Russian, etc.)
No FIX API or white-label services are currently provided. The offering is best suited to independent traders and small money managers.
Client Protection and Transparency
Under CySEC oversight, XGLOBAL Markets ensures robust client protection:
- Segregation of funds in EU-based accounts
- Mandatory risk disclosures and reporting
- Audit compliance with CySEC regulations
- Transparent pricing with no dealing desk
Clients in the EU benefit from additional recourse via the ICF and financial ombudsman schemes.
Base Currencies, Order Types, and API Access
Supported base currencies include USD, EUR, and GBP. Trading via MT4 allows for:
- Market, limit, and stop orders
- Trailing stops and pending orders
- Expert Advisors (EAs) for algorithmic trading
XGLOBAL does not currently offer REST or FIX API access, making it less suitable for high-frequency or institutional algo traders.
Pros and Cons
- Pros:
- CySEC-regulated with MiFID II compliance
- Pure STP execution with no dealing desk
- MT4 platform with full EA support
- High leverage up to 1:500 for offshore clients
- No deposit minimum
- Cons:
- MT4-only, no MT5 or proprietary platforms
- Limited asset coverage (no crypto or stocks)
- No FIX API or institutional algo access
Frequently Asked Questions
Is XGLOBAL Markets regulated?
Yes. XGLOBAL Markets Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), licence number 171/12.
What platform does XGLOBAL Markets offer?
The broker offers MetaTrader 4 (MT4) across desktop, mobile, and web. Other platforms are not currently supported.
Does XGLOBAL Markets support algorithmic trading?
Yes. Expert Advisors (EAs) are fully supported on MT4 for automated trading strategies.
What leverage is available at XGLOBAL?
EU clients receive leverage up to 1:30. Offshore clients can access up to 1:500 depending on jurisdiction.
Are client funds protected at XGLOBAL Markets?
Yes. Client funds are held in segregated accounts with top-tier banks, and EU clients are protected under the Investor Compensation Fund (ICF).
