FXGM – Is it scam or safe?

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FXGM is a trading name of the company Depaho Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) in the European Union. The CySEC license allows it to conduct financial services, including forex.

However, there are some publications in forex forums that recommend not doing business with this company and with a company from the group to which it belongs. The publications also inform about aggressive cold phone calls, rude customer support and problems when trying to withdraw.

In addition, the financial regulator of Cyprus (CySEC) announced at the end of September 2020 a EUR270,000 fine settling charges against Depaho Limited, the parent company of FXGM, over conflict of interest, general principles and information to clients, as well as requirements for execution of orders.

So far, we haven’t received any complaints from clients of FXGM.

If you feel frustrated by FXGM and have something to share with us, please fill in the form below, describing your case:

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