WikiFX Visited the Licensed Office of XGLOBAL in Cyprus

Broker: XGLOBAL

Visited on:August 3rd , 2019

Conclusion:the office truly exists

On the spot investigation

According to the regulatory information, the licensed office of forex broker XGLOBAL in Cyprus is at 162, Fragklinou Rousvelt, 1st Floor, 3045 Limassol Zypern. WikiFX recently visited the place to check on the broker.

WikiFX team arrived at the office building on 162 Fragklinou Rousvelt and saw the logo of forex broker XGLOBAL on top of the building. Upon entering, we saw the logo of XGLOBAL on the wall, and we also noticed that the office of XGLOBAL on the 1st floor takes up 2 storeys of the building, indicating that it‘s a sizable company. We rang the doorbell, but no one came to answer the door. We concluded that the address of XGLOBAL’s licensed office in Cyprus corresponds to that of its regulatory information, and the company is of considerable size.

Analysis

In recent years, CySEC (Cyprus Securities and Exchange Commission) has strengthened its regulatory policies and eventually builds up its reputation in finance regulation. This has enabled Cyprus forex brokers under its regulation, including XGLOBAL, to regain the trust of investors.

From the brokers website, we learn that XGLOBAL (XGLOBAL Markets) has a professional team of forex experts well-versed in online forex trading. Through a 100% ECN/STP method, XGLOBAL is able to ensure low spread and zero swap for customers, without charging any commission.

According to regulatory information and the brokers official site, XGLOBAL is under regulation of CySEC(Cyprus) and also holds license for retail forex brokerage from BaFin(Germany) and the EEA license from FCA(UK). With valid licenses from credible regulatory bodies and under the improved forex regulation environment of Cyprus, XGLOBAL is a compliant, low-risk broker that investors can trust.

Conclusion

WikiFX App shows that XGLOBAL holds MM license from CySEC(Cyprus), as well as forex brokerage licenses from BaFin(Germany) and FCA(UK). The broker has been in business for over 5 years and is rated at 7.47 on the WikiFX App, showing considerable compliance and risk control. Nonetheless, investors should always be careful during investment to ensure the safety of your assets.