Before venturing into Forex trading, it is essential to do your research. As far as the Forex industry is concerned, there are many things to research about, and brokers are one of them. How safe a broker is? Is its trading platform user-friendly enough? What are its charges and rates? These are some of the questions you should ask about your potential broker. For FXGM ZA we have done that for you. Now go through this review and make your choice.
Is FXGM ZA regulated? Very well. With this broker, you can be sure that you will be enjoying services that are overseen by the law. FXGM ZA is licensed by the South African Financial Sector Conduct Commission (FSCA). It bears the license FSP authorisation No. 564. Even its parent company, Unum Capital (Pty) Ltd., is duly licensed and authorised by the same regulatory body.
Moreover, the broker is bound by a regulation which ensures that its clients enjoy coverage of a certain amount of money in case of any unpleasant economic event. Therefore, FXGM ZA is a safe, credible company whose operations are fully regulated and who is committed to protecting your funds.
FXGM ZA uses the PROfit trading platform which comes in web-based and mobile forms. Both include a wide array of features that have easily endeared the broker to many traders all over the world. Also, the platforms come very easy to use irrespective of the experience level of the trader.
The WebPROfit is designed in such a way that trade execution is fast, market daily news updates are real-time, and the price is streamed live. It doesn’t require any download and it is compatible with diverse browsers such as Chrome, Firefox, and Internet Explorer. It enables the trading of a broad range of assets including currency, commodities, and CFDs. The platform is user-friendly, and it allows the use of many tools such as charts and indicators for technical analysis. You can also use the demo account before you start trading live.
Are you always on the go? Then, mobile PROfit is the one for you. It is available in both Android and iOS forms. Hence, it is compatible with most mobile devices in the market. It allows real-time market update, chart, and live price feed. Having the mobile PROfit trading platform on your mobile device, your phone or your tablet, is like having financial markets in your pocket, your hands, or at your fingertips!
Consequently, whether you are an experienced market professional or an amateur, whether you are always in your home or you are always on the road, you will find FXGM ZA’s trading platforms as the ideal trading platforms you need.
Customer Support Service
FXGM ZA’s customer support service is topnotch. It is available for 12 hours 6 days a week and you have many options from which to pick. Anytime you have an issue, you can get in touch with them via live chat, by phone, or through email. Also, you can fax them if you have any inquiry to make.
As a client of FXGM ZA, you are highly valued. The company acknowledges this. Therefore, it gives you free access to its address, international contacts, and the opportunity to initiate direct WhatsApp chat!
Trading Features and Conditions
FXGM ZA is a standard broker to use. Its website is user-friendly and easy to navigate. You do not need to scratch your head about anything: anything you are looking for is boldly displayed at the top.
Its simple, yet beautiful layout is able to find a balance between beauty and simplicity. Hence, the platform’s design is beautiful yet not distracting. And on it, there are many products waiting for you to trade. Thus, apart from Forex, you can also trade stocks, commodities, and different future contracts. Based on the difference in minimum deposit requirements, the broker offers 6 primary types of account. Three of them are basic, while the other three are exclusive.
The account types are named Junior, Premium, VIP, Royal, and Executive accounts. You become a proud Junior account owner with just $200. The Premium account type, however, has a minimum deposit requirement of at least $10,000. The VIP account requires that you deposit $30,000. Finally, you need a minimum of $50,000 to be able to open an Executive account. This graded nature of the account types offered by the broker ensures that no matter your financial abilities and investment goals, you will always find the right investment plan for you.
Notwithstanding the account you use, you will also have access to a leverage ratio that could be as high as 1:200. Consequently, with this broker, your potential for profitability is not restricted. Moreover, this broker has a demo account on which you can test your skills before you put your money on actual trades.
Interestingly, FXGM ZA also provides educational resources for its clients. This provision is another indication that the broker is truly committed to the success of its users. It does not matter whether you are already knowledgeable about the market or you are just an amateur, so long you have a burning desire to learn and to succeed you can benefit from FXGM ZA’s learning resources.
Finally, you wanted a sound brokerage service and in FXGM ZA you’ve got it. Do we recommend it? Yes, we do. The company is well regulated, with excellent trading conditions and customer support service.
Based on its desirable features, you shouldn’t wait before you open an account with FXGM ZA. When you do, you should also take advantage of its educational resources and demo account to learn and test out your skills. Therefore, go. FXGM ZA is waiting to make a successful trader out of you. You will be happy to have it as your broker.