Learn more about FXGM ZA top features as an online CFD broker. Check out its main benefits, strengths and weaknesses, licenses and regulations, deposit methods, and more.
What is FXGM ZA?
The broker FXGM ZA is a brand name operated by FXGM South Africa (Pty) Ltd., a company licensed and regulated by the FSCA under license no. 50202. It provides an easy-to-use, innovative CFD trading platform which combines the best from both desktop and mobile versions, alongside a variety of CFD instruments and some of the most elaborate helping tools. The user-friendly interface creates a pleasing platform for traders with different experience levels and needs.
FXGM ZA Pros & Cons
Pros
- Intuitive and easy-to-use platform
- Many different leveraging options
- Many research and helping tools
Cons
- Maximum leverage is 1:200, which isn’t too low, but might not be the best some investors hope for
- Very strict policy when it comes to deposits and withdrawals, which on the other hand is good for safety reasons
Top FXGM ZA Features
Over 140 instruments for trading:
FXGM ZA is a great place to start your forex and CFD investments, as it offers a wide variety of stocks, commodities, indices, currencies, and cryptocurrencies.
User-friendly design:
All the helpful features the desktop version has to offer are elegantly implemented and enhanced with the single touch intuitive mobile trading benefits the app provides. The result is simply stunning – you can make instant trades from your device no matter where you are. Also, you can keep track of breaking business news all around the globe in a matter of seconds.
Helpful research tools:
The PROfit platform’s advanced helping tools, including Financial news, the Economic Calendar, Currency Charts, help you develop the best strategies. But probably the most elaborate technical analysis tool is the Autochartist, as it saves you time by highlighting opportunities and filtering big amounts of data.
Great Support Team:
FXGM ZA’s dedicated support team provides help around the clock, no matter the issue.
Security and Protection
FXGM ZA operates in accordance with South African applicable laws and regulation, licensed by the South Africa Financial Sector Conduct Authority, under FSCA license FSP 50202. This means that traders enjoy services adherent to local laws and financial requirements.
FXGM ZA Overview
Regulation/Licensing: South Africa Financial Sector Conduct Authority (FSCA, South Africa) ( www.fsca.co.za ), under FSP authorisation no. 50202
Assets Offered: Cryptocurrencies, ETFs, Stocks, Indices, Commodities, Currencies
Platforms Available: Web, Mobile
Mobile Compatibility: iOS, Android
Payment Types Accepted: Credit/Debit Cards (Only MASTERCARD or VISA is acceptable)
FXGM ZA Account Types
Junior
Deposits between $200 and $9,999 + a free eBook, free training, and a Personal Account Manager
Premium
Deposits between $10,000 and $29,999 + a free eBook, free training, and a Personal Account Manager, and a Personal Customer Service Agent
VIP
Deposits between $30,000 and $49,999 + a free eBook, free training, and a Personal Account Manager, a Personal Customer Service Agent, as well as Spread discounts FX Majors, Commodities, and Indices.
Executive
Deposits between $50,000 and $99,999 + a free eBook, free training, and a Personal Account Manager, a Personal Customer Service Agent, as well as Spread discounts FX Majors, Commodities, and Indices.
Royal
Deposits above $100,000 + a free eBook, free training, and a Personal Account Manager, a Personal Customer Service Agent, as well as Spread discounts FX Majors, Commodities, and Indices.
For each of the account types, you also get to use elaborate helping tools like the Trading Insider, One Click Trading, Pop Up Alerts, and the Autochartist.
FXGM ZA Compliance & Regulation
FXGM ZA (www.fxgm.co.za) is a brand name operated by FXGM South Africa (Pty) Ltd regulated by the Financial Sector Conduct Authority (FSCA) with license FSP Authorisation No. 50202 and registered office at Unit 1, Village Corner, 57 Via Latino Crescent, Irene Corporate Corner, Irene, Gauteng 0178, South Africa.
Leverage and Pricing
- Foreign Exchange Currency Trading (FOREX) 1:200
- Gold, Silver, and Oil: 1:200
- Other Commodities: 1:100
- Single Stocks CFDs: 1:10
- ETF CFDs: 1:10
- Cryptocurrencies CFDs: 1:10
- Protected Positions: 1:10
FXGM ZA charges different fees:
- Financing fee for FX – 0.015% of the overnight exposure
- Financing fee on CFDs – 0.015% of the overnight contract value in US Dollars
- Financing fee for Cryptocurrencies – 0.1%
- Financing fee for inactivity – $100 USD per month on a quarterly basis following three months of inactivity
FXGM ZA User Experience
The PROfit platform is web-based and requires no downloads, installation, or updates whatsoever. Using cutting-edge trading technology, it is one of the premier trading platforms and the first choice for millions of traders. PROfit offers many trading tools, instant trade execution, news feeds, and support directly from the platform, so that beginners and experienced traders can easily adjust its customizable features to their specific needs.
Mobile PROfit is the mobile-friendly, optimized version of the platform and offers all the features of the web variant. The app is available for both iOS and Android devices and has plenty of convenient features like an easy-to-use, friendly interface, requiring no previous training.
FXGM ZA – Final Overview
FXGM ZA provides enough opportunities and excitement for both beginners and experienced investors via Forex and CFD trading. The unique trading experience is enhanced by an intuitive, easy-to-use platform with all the financial information investors need, available at any given moment. FXGM ZA offers a wide variety of over 140 CFDs on various financial instruments like Forex, Commodities, Cryptocurrencies, and Indices with incredibly tight spreads even in intensely volatile times. The broker provides different leverage options and is strictly regulated to make sure your funds are in safe hands.
Contact Info
Website: https://www.fxgm.co.za/
Telephone: +27104464220
Company Address: Unit 1, Village Corner, 57 Via Latino Crescent, Irene Corporate Corner, Irene, Gauteng 0178, South Africa.
