Broker Review

GXCM Review

GXCM logo

General Information

GXCM is a multi-asset online trading platform covering a broad range of trading instruments, including some based on cryptocurrencies. Traders have the unique opportunity to take advantage of price movements in BTC, LTC, ETH, Dash, Monero, and other tokens, with competitive trading conditions.

Since it relies on proprietary trading software, the GXCM trading experience is personalized and tailored towards the volatility and uncertainty in the cryptocurrency market. The good news is that customers can trade all the cryptocurrencies supported denominated in EUR or USD, and some BTC-based pairs, taking advantage of optimal liquidity conditions and tight trading costs.

Either focusing 100% on crypto or building a portfolio with CFDs based on FX, shares, indices, futures, and commodities, both options are possible when trading with GXCM. Different traders have different needs and the brand made sure there are enough trading resources available.

Are you currently looking for a new online trading platform to work with? It is possible that GXCM might be one of the appropriate solutions which is why we recommend reading our comprehensive review in full.

Trading Platforms

To never lose focus and stay on track, GXCM provides its customers with a proprietary trading platform, one that integrates multiple trading tools and features necessary when trading crypto. Fast execution and a simple user interface are among the most important benefits, especially now that an increased number of new traders are joining the ranks.

According to GXCM, trading doesn’t have to be a challenge and traders should have access to tools that will make the trading experience not just rewarding, but also enjoyable. That’s the main goal of this web-based solution that can be used on desktop or laptop, regardless of the operating system.

Traders don’t need to miss all the trading tools found with other platforms, because the solution developed by GXCM integrates advanced charting and a broad range of options when it comes to drawing tools or price indicators. Technical analysis is still one of the most popular approaches for crypto trading and this provider does manage to deliver.

Mobile Trading

Keeping a close eye on the market, even while on the go, is one of the most important requirements when trading cryptocurrencies, given the markets can be volatile even during the weekend. Thankfully, the GXCM platform is very flexible and mobile compatibility is granted. Whether you have an Android or iOS device, that won’t matter, as long as a modern browser is used.

After testing the platform on a mobile device, we’ve found that it operates without interruptions as you should expect from a trading app, with clear charts and a smooth workflow. This solution does not need large hardware resources and if your internet connection is stable, major inconveniences won’t appear.

The GXCM platform deserves the credit and with plenty of good feedback from registered customers, there are enough pieces of evidence suggesting it is reliable and efficient in dealing with the current crypto market conditions.

Cryptocurrency Trading

The cryptocurrencies available with GXCM are Bitcoin, Litecoin, Dash, Ether, Ethereum Classic, Monero, NEM, NXT, XRP, Lumens, ZCash, Bitcoin Cash, IOTA, Neo, Cardano, and EOS, on top of the traditional asset classes supported.

Traders can trade these tokens against USD, EUR, or BTC with up to 1:25 leverage and floating spreads. The minimal volume is 1 unit, depending on the cryptocurrency pair, but this all means that it is possible to trade even small amounts. Overnight swaps are the only remaining trading costs, considering GXCM does not charge any commission for cryptocurrencies.

Funding an account is easy via a credit/debit card or bank wire, in a high-security environment. Keep in mind that the brand also provides access to an education center, trading guides, access to exclusive reports, and one-on-one with trading experts, which are very useful resources for traders still having things to learn about cryptocurrency trading.

Also, the customer support service is available 24/6, considering cryptocurrencies can be traded 24/7. You can contact a GXCM representative using one of the phone numbers provided on the website or using the support email address.

Summary

Trading cryptocurrency CFDs with GXCM comes with multiple trading benefits as seen in our review. All the information available on its website suggests we’re dealing with a brand that has a customer-oriented approach and wants to serve with professionalism.

Cryptocurrencies continue to be among the hottest assets in 2020 and due to that reason, GXCM is well-positioned to increase its customer base. It works on behalf of traders outside the EU, living in countries where the local regulation is accepting the provision of such trading services.

GXCM Review

Product Name: GXCM

Product Description: GXCM is a multi-asset online trading platform covering a broad range of trading instruments, including some based on cryptocurrencies. Traders have the unique opportunity to take advantage of price movements in BTC, LTC, ETH, Dash, Monero, and other tokens, with competitive trading conditions.

Brand: GXCM

Offer price: $250

Currency: USD

  • Trading Platform
  • Mobile Trading
  • Languages
  • Assets
4.4

Summary

GXCM is a multi-asset online trading platform covering a broad range of trading instruments, including some based on cryptocurrencies. Traders have the unique opportunity to take advantage of price movements in BTC, LTC, ETH, Dash, Monero, and other tokens, with competitive trading conditions

Pros

  • Tens of cryptocurrency CFDs denominated in USD, EUR, or BTC
  • Up to 1:25 leverage for cryptocurrency trading
  • Attractive trading costs for crypto instruments.

Cons

  • Desktop platform not provided.
  • No iOs or Android apps available.
  • Standard account for all customers.

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