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XIG Market-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2021-11-26 18:27

Abstract：XIG Markets is a Vanuatu-registered forex brokerage, owned and operated by XIG Limited. It provides the MetaTrader 4 platform and а wide range of trading options. However, it is unsafe to trade with this broker as it is not subject to any regulation.

General Information & Regulation

XIG Markets is a Vanuatu-registered forex brokerage, owned and operated by XIG Limited. It provides the MetaTrader 4 platform and а wide range of trading options.

However, it is unsafe to trade with this broker as it is not subject to any regulation.

Markets Instruments

Tradable financial instruments available on the XIG Markets platform include forex currency pairs, indices, options, stocks.

Minimum Deposit

XIG Markets does not indicate its minimum initial deposit. Still, have in mind that most brokers require an initial investment of about 250 USD, while some big players even do not have a minimum deposit requirement at all.

Leverage

The maximum leverage allowed with XIG Markets is higher than the levels, current restrictions impose on many regulated markets like the EU, the USA or Japan. And still, taking in to account that higher leverage means higher risk.

Spreads & Commissions

In terms of spreads and commissions, XIG Markets does not make this part clear. Unregulated brokers love to hide their real trading fees to scam traders.

Trading Platform Available

XIG Markets offer a web based trading platform for their binary options trade and a MetaTrader4 for forex and CFD trade. MT4 is a very practical trading solution – light and intuitive, it features user friendly charting tools, lots of market indicators and the option to support automated trading sessions with the help of specially designed, customizable trading robots.

No Demo Account

Although XIG Markets gives you the option to download MetarTrader4, no demo account is available for traders to check their trading conditions.

Deposit & Withdrawal

The supported payment methods are the standards Visa and MasterCard, e-wallets such as Skrill, Neteller and PerfectMoney, as well cryptocurrencies such as Bitcoin and Ethereum.

Leverage Broker Currency Pair Dealer Commission

Related broker

No Regulation

XIG Markets

Company name：XIG Limited

Score

1.51

Website：http://xigmarkets.com

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.51

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