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Rating Index

Pros

User-friendly interface suitable for both novice and experienced traders.
Offers a variety of trading tools and features, including real-time market data and technical indicators.
Multiple asset classes available for trading, allowing for diverse trading strategies.

Cons

Mixed reputation with significant concerns raised about legitimacy and customer service.
Limited regulatory oversight, operating from a jurisdiction known for lenient regulations.
Negative user feedback regarding unresponsive customer support and complications with withdrawals.

FW broker Accounts

FW Markets Account Type

FW Markets offers three main types of accounts designed to cater to different trading needs and preferences:

  • Micro Account
    • Minimum Deposit: $100
    • Minimum Lot Size: 0.01 lot
    • Leverage: Up to 1:500
    • Spreads: Variable, starting from 1.0 - 1.5 pips for EUR/USD
    • Features: Suitable for beginners, allowing small trades with lower financial commitment.
    • Gold Account
      • Minimum Deposit: $1,000
      • Minimum Lot Size: 0.01 lot
      • Leverage: Up to 1:500
      • Spreads: Variable
      • Features: Offers additional trading tools and resources for more experienced traders.
      • Diamond Account (ECN)
        • Minimum Deposit: $10,000
        • Minimum Lot Size: 0.01 lot
        • Leverage: Up to 1:500
        • Spreads: Low and competitive
        • Features: Designed for professional traders, providing access to direct market pricing and advanced trading conditions.

        FW Markets Broker Account Opening Process

        To open an account with FW Markets, follow these steps:

        • Visit the Website: Go to the FW Markets official website.

        • Select Account Type: Choose the type of account you wish to open (Micro, Gold, or Diamond).

        • Fill Out Application: Complete the online application form by providing personal information, including:

          • Name
          • Email address
          • Phone number
          • Address
          • Social Security Number or Tax Identification Number
          • Submit Documentation: Upload necessary documents for verification, such as a valid ID and proof of address (utility bill or bank statement).

          • Fund Your Account: Deposit the minimum required amount through bank transfer.

          • Account Approval: Wait for the account to be approved, which may take a few business days.

          • Start Trading: Once your account is funded and approved, you can begin trading on the MetaTrader 4 platform.

FW accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
FW Account