Choosing the Best Forex Broker – A review of FXGM ZA

In the last couple of years, South Africa has emerged as one of the largest growing online market places, with stockbrokers like FXGM ZA leading the pack. If you are considering a career in the financial market or a side income, then Forex trading will be your best bet. It is one of the most easily accessed markets and the most liquid that spans across various countries in the world.

Years back, you would need millions to invest in Forex trading, but technological advancement and a decrease in market sanctions had made it accessible to ordinary people with very little capital. This gave rise to Forex brokers, who allow individuals to create mini Forex account with small funds. The broker acts as a mediator through which you access the market. They fulfill your order to buy or sell currencies online.

The first step to successful Forex trading is to get a Forex broker. Not just any broker, but one which trading style suits you. There are various forex brokers out there, but only a few amongst them are well equipped with the required prerequisite for successful trading.

FXGM ZA offers a dynamic online trading experience; it comes with a state-of-the-art trading platform that allows both beginners and experienced traders to perform their trade with ease. It has a subtle analytic chart and will enable traders to have a good overview of their deals. 

FXGM ZA Review
Why You Should Choose FXGM ZA

Regulation and References

Trading Style Suitability

Customer Support and Resources

Ease of deposits and withdrawal

Security

Customer Incentives

Reliability

Trading accounts

FXGM ZA Review

FXGM South Africa is a new entrant in the Forex market which offers a combination of tools, fantastic interface, and resources aimed at helping customers maximize their profit. The firm is run by Unum Capital (Pty) Ltd in line with the applicable laws and regulations. Whether you are a beginner who knows next to nothing about Forex trading, an intermediate trader struggling to make more profit or an expert trader aiming for higher returns, the FXGM ZA platform provides the right tools to trade and earn higher.

Why You Should Choose FXGM ZA

Regulation and References

The first thing you want to consider when choosing a broker is their authenticity. Are they registered with the relevant authorities? It is essential to look up for references before making a big choice.

FXGM ZA provides services in line with local laws and financial requirements. Its activities are regulated by the South Africa Financial Sector Conduct Authority (FSCA) with authorization No. 564. It operates as an authorized Juristic Representative of its parent company, Unum Capital (Pty) Ltd.

Trading Style Suitability

Considering that the broker you choose plays a significant role in your success as a Forex trader, it is essential that the selected platform suits your trading strategy. If you wish to trade more than Forex, then it should allow you to trade on other assets like shares and indices. You should be able to access the platform on various devices, and it should be able to alert you on trading opportunities.

The FXGM ZA login can be easily accessed on the web. You can also trade on-the-go with the mobile app, which is available for Android and IOS devices. There you can trade on various assets including CFDs, commodities, indices, currencies, shares. It gives traders access to about 140 tradable assets. There are also several tools including the Economic calendar, ‘up-to-the-minute update’ and others to aid your trading.

Customer Support and Resources

It feels good to get immediate assistance whenever you need it. Considering the urgency in Forex trading, responsive customer service is a significant consideration when choosing a broker.

Despite its easy interface and available tools, the broker’s team offer professional support on various issues via email, phone calls, and live chats. Upon getting your account to login in to the platform, you will get a personal account manager who will be available to provide the needed guidance and support.

Acknowledging the importance of information to successful online trading, FXGM ZA offers various educational resources to help beginners and experienced traders maximize profit. These resources would help you quickly get a hold of the market. It comes in the form of eBooks and webinars. If you still don’t get a clear understanding of these tools, then they will train you to mastery.

Ease of deposits and withdrawal

A hassle-free deposit and withdrawal is an essential feature of the ideal broker. You should be able to fund your accounts easily and most importantly be allowed to withdraw cash, whenever you make a profit. FXGM ZA allows instant deposits through credit cards and bank transfer to its bank account.  If you want to make a deposit, you can use your Visa, MasterCard, American Express or Diner cards or follow the provided instructions to transfer to the company’s account.

It also offers two withdrawal options; you can either use the withdrawal section in your account or fill a withdrawal form. All withdrawals are completed within a day, but it may take within a few hours to days for the trader to get the money.

Security

Security is a significant concern in the market. A Forex broker should have measures that protect the identity, personal and financial data of its users. The FXGM ZA review indicates the firm scores high in the aspect of security. Its transaction platform is protected by MasterCard secure code and verified by VISA. Client’s data are encrypted, so your identity and money are safe.

Customer Incentives

FXGM ZA offers the First Protected Positions (FPP), which allows new customers to get back their money if they lose in the first 5-10 positions when trading CDFs in the live trading platform. Customers also get to keep any profit they make; however, you need to deposit $200 or more to use the FPP. And the higher your deposits, the more protection positions you get.

Reliability

An ideal trading platform should be accessible at all times, even when the market is closed. It should be efficient, fast and should update within seconds.

FXGM ZA has an easy navigate platform and offers powerful trading tools that increase your profit potential. The trading platform is fast and allows you to manage your accounts at all times effectively. It also provides the one-click trading feature, which enables you to buy or sell forex contract in one click. Hence, you would hardly miss the price you want.

Trading accounts

The company gives equal trading opportunities to beginners and expert traders in an interactive and unique interface. There are several advance trading features that allow you to customize your layout and workstation.

It offers five account types, and they all come with free resources, training, personal account manager, and others.

Conclusively, there are several brokers out there, from the good and reliable ones to the dishonest ones whose major aim is to defraud you. Hence, it is essential to make appropriate checks before making that choice. FXGM ZA is a great trading platform whose main goal is to help you maximize your profit. You can sign-up and start trading on it with as low as $200.

Enjoy Plunged in Debt?

Pid

Subscribe to get our latest content by email.

Powered by ConvertKit

Speak Your Mind

*