FCS-Markets Forex Broker

Risk Warning The United Kingdom FCA regulation (license number: 772626) claimed by FCS-Markets is suspected to be a clone. Please be aware of the risk! Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation Suspicious clone Market Instrument CFDs on currency pairs, stocks, commodities, cryptocurrencies and ETFs, binary and digital options Account Type Beginner, Gold and Platinum Demo Account yes Maximum Leverage 1:500 Spread From 0.0 pips Commission Beginner: no | Gold: 2% from €20 per lot | Platinum: €1 per lot Trading Platform MT4 Minimum Deposit $100 Deposit & Withdrawal Method Visa, MasterCard, bank transfer, and cryptocurrency FCS-Markets, a trading name of FCS Capital Markets Limited, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 trading platform via 3 different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site: As for regulation, it has been verified that FCS-Markets holds a suspicious clone Financial Conduct Authority (FCA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.17/10. Please be aware of the risk. Market Instruments FCS-Markets advertises that it offers access to a wide range of trading instruments in financial markets, including CFDs on currency pairs, stocks, commodities, cryptocurrencies and ETFs, as well as binary and digital options. Account Types Apart from demo accounts, FCS-Markets claims to offer 3 types of trading accounts - Beginner, Gold and Platinum, with minimum initial deposit requirements of €250, €5,000 and €25,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage The specified leverage for different account types at FCS-Markets varies between 1:30 and 1:500. Specifically, 1:30 for the Beginner account, 1:300 for the Gold account and 1:500 for the Platinum account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. Spreads & Commissions FCS-Markets claims that the spread on all account types starts from 0.0 pips. As for the commission, there is no commission charged on the Beginner account, while 2% from €20 per lot on the Gold account and €1 per lot on the Platinum account. Trading Platform Available The platform available for trading at FCS-Markets is one of the most notable and preferred trading platforms the market offers - MetaTrader4. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal FCS-Markets says to accept payment options of Visa, MasterCard, bank transfer, and cryptocurrency. The minimum initial deposit requirement is $100, while opening the most basic account requires at least €250. All deposits are said to be reflected instantly. Customer Support FCS-Markets customer support can be reached by telephone: +44 6703081636, +44 203 648 5022, Fax: +446703081636, email: mail@fcs-markets.com, support@fcs-markets.com, info@fcs-markets.com. Registered Office: Albert Buildings, 49 Queen Victoria Street, London, EC4N 4SAT, UK. Pros & Cons Pros Cons • Multiple asset classes and account types to choose from • Suspicious clone • Demo accounts offered • Commission charged • MT4 supported Frequently Asked Questions (FAQs) Q 1: Is FCS-Markets regulated？ A 1: No. It has been verified that FCS-Markets is a suspicious clone. Q 2: Does FCS-Markets offer demo accounts？ A 2: Yes. Q 3: Does FCS-Markets offer the industry-standard MT4 & MT5？ A 3: Yes. FCS-Markets supports MT4. Q 4: What is the minimum deposit for FCS-Markets？ A 4: The minimum initial deposit with FCS-Markets is $100. Q 5: Does FCS-Markets charge a fee？ A 5: Like every forex broker, FCS-Markets charges a fee when you trade - either in the form of a commission fee or spread fee. While the information on other fees like deposits & withdrawals is missing. Q 6: Is FCS-Markets a good broker for beginners？ A 6: No. FCS-Markets is not a good choice for beginners. Although it offers demo accounts on the MT4 platform, it is a suspicious clone.