FinmarkFX Forex Broker

Note: FinmarkFX's official website - https://finmarkfx.com/ is currently inaccessible normally.FinmarkFXReview SummaryFounded2015Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex currency pairs, CFDsDemo Account✅Segregated accounts❌LeverageUp to 1:400EUR/USD SpreadFrom 0.2 pipsTrading PlatformMT4Min Deposit$1,000Customer SupportTel: +44 (0)2036084199Email: info@finmarkfx.comFacebook: https://www.facebook.com/finmarkFX/ FinmarkFX was registered in Saint Vincent and the Grenadines in 2015 and is not regulated. It offers CFD trading with leverage up to 1:400 and EUR/USD spread is from 0.2 pips on the MT4 platform. Demo accounts are available but the minimum deposit requirement is as high as $1,000.Pros and ConsPros Cons Demo accountsUnavailable websiteMultiple account typesUregulatedTight spreadsLess variety of assets to tradeSupport MT4Commission chargedPopular payment optionsHigh minimum depositIs FinmarkFX Legit? No, FinmarkFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on FinmarkFX?Tradable Instruments Supported Forex✔CFDs✔Bonds❌Options❌ETFs❌Account Type FinmarkFX offers its clients three live account types – Standard, Plus & Pro. Trading in CFDs is offered on Plus & Pro accounts only.Account TypeMin DepositMin Trade SizeStandard$1,0000.01Plus$5,000Pro$10,000Leverage FinmarkFX offers leverage up to 1:400 for all account types. 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.Spread and Commission The EUR/USD spread on the Finmark FX platform is at 0.2 pips only, which seems very attractive, and tested on demo accounts to know that the spread is indeed so. Additionally, there are no commissions, which is a low cost of trading that most brokers cannot afford, so it is most likely a trick to attract new investors.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal FinmarkFX accepts via payments via credit cards, bank wire transfers, and Skrill.