GXCM Broker Review

Chris Lee

Broker Information

  • Company Name: GXCM

Platform Info

  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

Is GXCM a safe broker?

Our experts have assessed this broker and confirmed that GXCM is a safe broker.

GXCM trading platform

Expert Summary

GXCM is an advanced CFD and cryptocurrency online trading platform, relying on a client-oriented team of financial assistants and dedicated support staff to optimize the trading services provided to a broad audience of retail traders.

Working with GXCM means access to thousands of different CFD instruments based on currency pairs, cryptocurrencies, indices, stocks, commodities, and futures contracts, with a flexible margin and attractive trading costs.

The brand put a great effort in providing a multitude of trading benefits, including an innovative trading platform, educational resources, latest economic and market news, fast execution, exclusive positions, 24/6 customer support, and one-on-one trading experts.

According to the information provided on its official website, GXCM offers these trading services to people living outside the EU, if the local regulation is not contrary to such services.

At a time when the demand for online trading services, GXCM wants to be among the top choices for both experienced and beginning traders, considering it offers a broad range of tools and features aimed at providing an enhanced view of the financial markets.

gxcm broker logo

Unique Features available at GXCM Finance

GXCM believes that a trading platform should be one with the trader and based on that view, it has managed to develop a web-based solution compatible with any type of device. At first glance, this platform comes with a simple user interface, even though it integrates plenty of tools and functionalities.

Traders can get involved in different asset classes, considering there are more than 2,000 CFDs currently available. Forex trading with GXCM means access to CFDs based on majors, minors, and exotic pairs. Either taking advantage of the popular pairs like EURUSD and GBPUSD, or less-traded ones like GBPCHF and NZDCHF, all are available thanks to the efforts made by GXCM.

On top of the forex trading offer, traders can diversify with CFDs based on more than 20 different cryptocurrencies, 2,000 shares, popular stock market indices, commodities, and futures contracts. Specifications for all assets can be found by logging into the GXCM platform.

To make people trade with confidence, GXCM offers mobile-friendly trading, market-leading trading costs, an education center and trading guides, the latest economic and market news, fast trading execution, customer support from Monday to Saturday, and access to exclusive reports.

GXCM Platform

The entire trading ecosystem was built around the GXCM platform, a browser-based solution developed to enable a unique trading experience. This platform does not resemble any other software in the market but even with major differences, it manages to be a user-friendly and intuitive platform.

GXCM platform

One of the main features is the advanced charting powered by TradingView. This means customers can trade with a generous pack of technical analysis tools that can help them find new trading opportunities.

At the same time, the platform has a news section integrated on the right side, as well as multiple other functions, including deposit, personal details, settings, and My Trades. There are no limitations in terms of the devices it can be used, regardless if it’s a smartphone tablet, laptop, or desktop.

GXCM Deposits and Withdrawals

Funding an account with GXCM is convenient, due to support for some of the leading payment methods such as credit/debit card or bank wire transfer. The same method used for the deposit will be used for withdrawal to prevent unauthorized financial transactions.

It is important to note that due to KYC requirements, all customers will need to provide identification documents before submitting a withdrawal request. In terms of withdrawal fees, the figures are 3.5% for a credit/debit card transaction and $20 for a bank wire transfer.

The company reserves up to 3 business days to process a withdrawal request and the funds should arrive at the customer account in a maximum of 7 business days, depending on the country of residence and bank used.

Beginner Trader Support

Fully aware customers need increased support at a time of increased market volatility, GXCM provides access to 24/6 online support and on top of that, to several trading benefits such as an Education Center, trading guides, latest economic and market news, as well as one-on-one trading experts.

A customer-oriented approach is the right one and GXCM wants to show that the clients always come first. Beginners are the most favored, considering the broad range of resources available for them.

Is GXCM Safe to Use?

GXCM was established to grant all interested traders an opportunity to participate in the online trading world with the best possible conditions. As a result, customers can benefit from the most reactive platform in the industry, accessible from any device effortlessly.

Also, the brands used powerful SSL security used by the banking sector in guarding personal funds and data. Full transparency and various policies for KYC, privacy, or funding methods make GXCM a safe platform to use for any trader wanting to benefit from optimal trading conditions.

Other Services:

Trading with confidence is among the leading priorities of GXCM, the main reason why its customer can take advantage of plenty of services. Educational resources stand out substantially, given there is an education center & trading guides, and on top of that, access to exclusive reports or one-to-one with trading experts.

GXCM provides expert analysis each month to help traders gain more insights into the future market prospects. These resources are created by expert traders with years of trading experience. Lastly, traders should know about the GXCM special events, which represent bonus promotions for registered or new customers.

GXCM Review Conclusion

Based on all the trading features and resources available, GXCM seems to be a powerful and efficient online trading platform, designed for traders looking to take advantage of both rising and falling markets. With thousands of different CFDs covered, the brand wants to ensure ample diversification capabilities.

Educating traders is part of the GXCM mission and traders are the biggest beneficiaries of the educational resources available for registered customers. Increased security, transparency, support for the most reliable payment methods, KYC, and 24/6 customer service make GXCM a trading platform to consider at a time when traders have higher expectations from their providers.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Chris Lee

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