Company profile
Registered Country/Region United Kingdome Regulation FCA Minimum Deposit $500 Maximum Leverage 1:100 Minimum Spreads From 0.2 pips on Premium accouns Trading Platform MT5 trading platform Demo Account Yes Trading Assets Foreign exchange currency pairs, indices, and commodities Payment Methods Credit Cards, Tiered Cards, Wire Transfers, Skrill, Zotapay Customer Support Phone, Email, Online Chat General Information & Regulation Foreign Currency Innovations Ltd. is a trading name of Foreign Currency Innovations Limited and is regulated by the Financial Conduct Authority under FCA Register number: 616985. Foreign Currency Innovations Ltd, a company registered in England under company number 7274218. Market Instruments The main financial assets that investors can trade on the FCI Markets platform are foreign exchange currency pairs, indices, and commodities. Compared to other brokers who can provide a wide range of financial instruments, the asset classes on the platform are more limited. Account Types FCI Markets offers two different types of trading accounts for investors: Standard and Premium. Standard accounts have a minimum initial deposit of $500, and Premium accounts have a minimum initial deposit of $5,000. Compared to the $100 to $200 opening amount required by most brokers, obviously FCI Markets' initial deposit amount is much higher, not the good option for new beginners. Leverage When it comes to trading leverage level, the maximum trading leverage for forex instruments is up to 1:100 (ESMA leverage rules are limited to 1:30). Spreads & Commissions FCI Markets offers variable spreads on both standard and premium accounts, starting at 0.8 pips on standard accounts with no commission and 0.2 pips on premium accounts with a commission. Trading Platform FCI Markets claimes to offer three trading platforms options, namely MT5, ClearPro, and NetStation. MT5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. ClearPro's technology and infrastructure, designed for ease of implementation, optimize the FX workflow processes end-to-end, using flexible templates and web applications that enable clients to trade more efficiently and effectively in an online environment. The FCI Netstation is an advanced cloud-based trading platform that offers you a comprehensive selection of technical studies with automatic pattern recognition on charts. You can also build and backtest algorithmic strategies using Microsoft Excel and create advanced alerts on charts, studies, and patterns. Deposit and Withdrawal FCI Markets supports traders to withdraw and deposit funds to their accounts via credit cards, tiered cards, wire transfers, Skrill, Zotapay. Research & Trading Tools Clients may find some research tools out there to help them quickly acquaint themselves with forex trading, which include Professional Trader Short Course, Glossary, Academy, Free Course, FCI News, as well as 3C Analysis. Customer Support FCI Markets' client support team can be reached through telephone, email, and social media to respond to clients' inquiries. Here are some contact details: Telephone: +44 (0) 203 7511 583 Email: enquiries@fci-ltd.co.uk Company Address: Suite 1C, Union House, 117 High Street, Billericay, Essex, CM12 9AH Or you can follow this broker on some social media platforms, such as Twitter, Facebook, Instagram. Pros & Cons Pros Cons FCA-regulated High minimum deposit requirement Two trading accounts to choose from MT5 trading platform High leverage up to 1:100 Demo Account Available Additional research tools provided Frequently Asked Questions What account types does FCI provide ? There are two types of trading accounts available: Standard and Premium. What financial instruments does FCI provide? FCI provides foreign exchange currency pairs, indices, and commodities
355188
Argentina
For now it seems to me that it is a good broker, with relatively reliable regulation, reasonable conditions and good customer service. We know that FCA is one of the most rigorous regulators in the world and I feel safe entrusting my money to a broker regulated by this institution.
Positive
2022-11-17