Desk file · 2026 edition · record confidence: medium
XGLOBAL Markets
We opened the file on XGLOBAL Markets the way we open every file: register first, marketing never. Trading since 2012, run out of Limassol, Cyprus (162 Fragklinou Rousvelt, 1st & 2nd Floors, 3045), and carrying 2 licence entries on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| CySEC | 171/12 | Cyprus | T2 | ABF Trade EU Limited (formerly X Global Markets Ltd) | abftrade.com |
| VFSC | Not re-verified | Vanuatu | T3 | XGLOBAL FX Ltd | financemagnates.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- CySEC's own investment-firms listing titles the entity 'ABF Trade EU Limited (ex X Global Markets Ltd)', evidencing the company name change from X Global Markets Ltd.
- ABF Trade's own Terms of Use state the company holds CySEC CIF Licence No. 171/12 with registration number HE 291958 and offices at 162 Fragklinou Rousvelt, Limassol.
- Finance Magnates reported CySEC fined X Global Markets Ltd EUR 5,000; the article also describes the group's Vanuatu arm XGLOBAL FX Ltd as VFSC-regulated.
- The brand's former xglobalmarkets.com domains no longer serve content and the business now operates via abftrade.com under the ABF Trade name.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- legalEntities: CySEC licence number 171/12 sourced from the firm's own terms; CySEC entity page is bot-blocked so the number was not confirmed there
- VFSC licence number for XGLOBAL FX Ltd not re-verified
- minDeposit: not verified from a spec page
- maxLeverage: directory claims 1:200 stale, not verified
- spreadEurusd: not verified
- accountTypes: names not captured
- segregatedFunds / negativeBalanceProtection: not verified
- publiclyListed: not verified
- CySEC EUR 5,000 fine date not verified against a primary CySEC notice
| Founded | 2012 |
| Head office | Limassol, Cyprus (162 Fragklinou Rousvelt, 1st & 2nd Floors, 3045) |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.