FXGM broker review noticed how this software relies on two software providers. One is the well-known MetaTrader4 that is offering one of the most reliable and popular forex trading platforms among traders that comes with a great demo account and many trading tools traders can utilize during the trading process.
Also, there is a WebPROfit platform. This web-based platform serves as an alternative to Metatrader, especially for traders who don’t want to download anything. It is compatible with all popular web browsers and simple to use. Financial news is streamed directly to the platform and users can use real-time charts for their analysis. Also, there is a special user manual available on the website, so make sure to read it, especially if you never used this platform before.
PROfit Mobile is actually an app. There is Android and iOS app available, but we experienced some difficulties while trying to find the app in the Apple store. It is impossible to say whether this was because of the link on the website or because of the store.
FXGM also offers different rates of leverage. New trading accounts can enjoy lower leverage than those accounts owned by experienced traders.
Leverage for new accounts:
- FX Spot, commodities, indices 1:40
- Single stocks 1:10
- Protected positions 1:20
Leverage for experienced users:
- FX Spot, commodities, indices
- ingle Stocks 1:10
- Protected positions 1:20
There are also some maximum leverages set up. The leverage goes up to 1:200 for forex pairs. Traders can also trade cryptos: dash, Ethereum, ripple, litecoin, and BTCUSD pair. Spread for the most popular EURUSD pair is 0.0003 pips.