FXGM
1 legal entity is on file for this firm, across 1 jurisdiction. The strongest supervision on file is Tier 2.
Caution — watch list means: Every entity we could locate for this firm sits offshore or is a company registration rather than a financial licence. No regulator has published anything about the firm; this is the register flagging the absence of tier-1 supervision, not an allegation.
No live tier-1 licence on file. Supervision listed: CySEC.
A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.
Entity-by-entity licence record
One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.
| Legal entity | Authority / registry | Number | Jurisdiction | Tier | What it is | Source |
|---|---|---|---|---|---|---|
| Depaho Ltd | CySEC | 161/11 | Cyprus | T2 | Financial licence | cysec.gov.cyhttps://www.cysec.gov.cy/en-GB/public-info/decisions/90419 |
Scroll the register sideways — the entity column stays pinned.
Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.
What the record says
Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.
- F01FXGM is a brand of Cypriot investment firm Depaho Ltd, incorporated in 2011, which also operated the TradeApp and GTCM brands.
- F02CySEC suspended Depaho Ltd's CIF licence (number 161/11) on 9 July 2021, extended the suspension twice (announcements of 28.7.2021, 10.9.2021 and 22.10.2021), and at its meeting of 2 November 2021 decided to recall the suspension after being satisfied the company had become compliant.
- F03Poland's KNF includes Depaho Ltd (Nicosia, operating in Poland as FXGM, pl.fxgm.com) on its list of public warnings; the entry notes the entity is not registered in Poland and cites a prosecution notification under Article 178 in conjunction with Article 69(2)(5) of the Polish Act on Trading in Financial Instruments.
- F04Directory WikiFX lists additional registrations for Depaho Ltd (BaFin 130520, FCA 593528, FSCA 47709, CNMV 3321, CONSOB 3567); these numbers were not re-verified against primary sources in this run and are not adopted here.
Not verified at last check
Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-15.
- not verifiedlegalEntities: the briefed 'CySEC 199/13' is not supported by any source found; verified number is 161/11 (CySEC decision + full notice text)
- not verifiedFSCA FSP number for Depaho not verified (task instruction) - fxgm.com and fxgm.co.za blocked to fetchers
- not verifiedminDeposit: not verified
- not verifiedmaxLeverage: not verified
- not verifiedspreadEurusd: not verified
- not verifiedaccountTypes: not verified
- not verifiedsegregatedFunds / negativeBalanceProtection: not verified
- not verifiedpubliclyListed: not verified
- not verifiedcurrent CySEC register status of Depaho Ltd after the 2021 recall not verified (CySEC pages bot-blocked)
Account conditions on file
As published by the firm. Blank fields were not confirmed.
| Incorporated | 2011 |
|---|---|
| Registered office | Nicosia, Cyprus (per company profile; Limassol not excluded - both reported) |
| Minimum deposit | not verified |
| Leverage offered | not verified |
| Quoted EUR/USD spread | not verified |
| Trading systems | PROfit · MT4 |
| Account tiers | not verified |
Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.
Sources
Every URL below was read before this record was published.
- CySECDepaho Ltd — Cyprushttps://www.cysec.gov.cy/en-GB/public-info/decisions/90419RETRIEVED 2026-09-15