FXGM — where it wins, where it loses
FXGM does not currently take a column outright against this field. It loses on tier-1 cover, published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where FXGM takes the field outright.
Loses on
- tier-1 cover
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| CySEC | 161/11 | Cyprus | Tier 2 | Depaho Ltd | cysec.gov.cy |
Checkable
Facts the comparison runs on
On the record
- FXGM is a brand of Cypriot investment firm Depaho Ltd, incorporated in 2011, which also operated the TradeApp and GTCM brands.
- CySEC suspended Depaho Ltd's CIF licence (number 161/11) on 9 July 2021, extended the suspension twice (announcements of 28.7.2021, 10.9.2021 and 22.10.2021), and at its meeting of 2 November 2021 decided to recall the suspension after being satisfied the company had become compliant.
- Poland's KNF includes Depaho Ltd (Nicosia, operating in Poland as FXGM, pl.fxgm.com) on its list of public warnings; the entry notes the entity is not registered in Poland and cites a prosecution notification under Article 178 in conjunction with Article 69(2)(5) of the Polish Act on Trading in Financial Instruments.
- Directory WikiFX lists additional registrations for Depaho Ltd (BaFin 130520, FCA 593528, FSCA 47709, CNMV 3321, CONSOB 3567); these numbers were not re-verified against primary sources in this run and are not adopted here.
| Trading since | 2011 |
|---|---|
| Base | Nicosia, Cyprus (per company profile; Limassol not excluded - both reported) |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | PROfit, MT4 |
| Account tiers | |
| Markets | Forex, Commodities, Stocks CFDs, Indices |
| Record confidence | medium |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- legalEntities: the briefed 'CySEC 199/13' is not supported by any source found; verified number is 161/11 (CySEC decision + full notice text)
- FSCA FSP number for Depaho not verified (task instruction) - fxgm.com and fxgm.co.za blocked to fetchers
- minDeposit: not verified
- maxLeverage: not verified
- spreadEurusd: not verified
- accountTypes: not verified
- segregatedFunds / negativeBalanceProtection: not verified
- publiclyListed: not verified
- current CySEC register status of Depaho Ltd after the 2021 recall not verified (CySEC pages bot-blocked)
Costs less
Who beats FXGM on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.