Naxex Invest Ltd
Primary
CY
292004
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1 entity
unverified
unverified
unverified
Broker profile
FX
FXGM Review: Is It Legit and Regulated?
Naxex Invest Ltd
CY
Operating period unverified
AKA Depaho FXGM
AKA Depaho Ltd
FindMyFX score
high risk5.0/10
0
Score out of 10
10
Independent assessment
Updated 2026-07-21
Contact & regulation
- Official website
- fxgm.com
- Address
- Artemisia Business Centre, 14 Charalambou Mouskou, 2nd Floor, Office 201, 2014 Nicosia, Cyprus
- Contact
- [email protected]
- Primary license
- CySEC · Unverified
Missing values mean the information has not been verified or published yet—not that the broker does not provide it.
Quick verdict
Is FXGM legit and regulated?
FindMyFX has license records for FXGM, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.
This is a source-limited research summary, not a safety guarantee or investment recommendation.
Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.
Broker-provided company information
Former-client FXGM forex and CFD brand historically operated by Depaho Ltd; CySEC now lists the same licence under Naxex Invest Ltd, formerly Depaho Ltd.
Professional broker overview
FindMyFX editorial summary
CySEC currently lists licence 161/11 under Naxex Invest Ltd, formerly Depaho Ltd, while FXGM's own site is addressed to former clients and provides a Depaho contact. The site still documents WebPROfit and Mobile PROfit plus forex and stock CFDs, but current FXGM onboarding was not confirmed. A 2021 licence suspension was formally withdrawn in November 2021.
Prepared from reviewed sources for informational purposes. This is not investment advice.
Editorial note: The FXGM brand appears inactive for new clients; the licensed entity has been renamed Naxex Invest Ltd.
- Operational status
- inactive
- Broker type
- market_maker
- Execution model
- The official site references a dealing-on-own-account regime.
- Support hours
- Not verified
Documented advantages
- The official site identifies the legal entity, licence numbers, office and proprietary platforms.
Documented limitations
- The current site is directed to former clients rather than new account onboarding.
- CySEC suspended the authorization in 2021 before the suspension was later withdrawn.
100%coverage
Published profile coverage
8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.
Company structure
Legal entities
Registered companies associated with this broker profile.
Markets and instruments
Forex CFDs
unverified
Stock CFDs
unverified
Deposit and withdrawal methods
Bank transfer
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Klarna
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Maestro
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Mastercard
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
MyBank
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Neteller
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
PayPal
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Rapid
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Skrill
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Visa
unverifiedDeposit: Yes · Withdrawal: Yes
Processing time not shown · Fee not shown
Additional broker contacts
CySEC-listed entity email
Research sources
FXGM official website
FXGM
unverified
Suspension of authorisation of Depaho Ltd
Malta Financial Services Authority
unverified
Withdrawal of suspension of authorisation of Depaho Ltd
Malta Financial Services Authority
unverified
Naxex Invest Ltd register entry
Cyprus Securities and Exchange Commission
unverified
Licenses and regulators
CySEC
161/11
Last verified: Not shown
Type: Cyprus Investment Firm
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
FSCA
47709
Last verified: Not shown
Type: Financial Services Provider
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Risk flags
Historical CySEC suspension
medium · draftCySEC suspended Depaho Ltd's authorization effective 9 July 2021; an official MFSA notice later reported that the suspension was withdrawn on 3 November 2021.
Score components
Regulation and licenses
7.5/10 · 35%CySEC directly lists Naxex Invest Ltd, formerly Depaho Ltd, under licence 161/11.
Security and track record
5.0/10 · 20%A 2021 suspension is documented and an official notice confirms its later withdrawal.
Trading conditions
2.5/10 · 15%Platforms and payment names remain visible, but current account pricing and availability are uncertain.
Company transparency
7.5/10 · 10%The current CySEC register identifies the renamed entity, licence, registration number and contact details.
Service quality
2.5/10 · 10%A former-client contact is provided, but no verified service-performance evidence was used.
Verified user reviews
0.0/10 · 10%No inspectable verified-user-review dataset was used.
Profile update history
Broker profile was published.
2026-07-21
Related regulated broker profiles
These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.