Fizmo Fx Markets Forex Broker

Fizmo Fx Markets Review SummaryFounded2024Registered Country/RegionSaint LuciaRegulationNo regulationMarket InstrumentsForex, Commodities, Indices, CryptocurrenciesDemo Account✅LeverageUp to 1:500SpreadFrom 1.0 pips (Standard account)Trading PlatformMT5 (MetaTrader 5)Minimum Deposit$10Customer SupportWhatsAppPhone: +44 7759 046727Email: support@fizmomarkets.comFizmo Fx Markets Information Operating without regulatory control, Fizmo FX Markets is a Saint Lucia-registered broker started in 2024. For trading cryptocurrencies, commodities, indices, and foreign exchange, it provides MetaTrader 5. Although it has a cheap $10 minimum deposit and variable leverage up to 1:500, the lack of openness about fees and regulation can worry some traders.Pros and ConsProsConsSupports MT5No regulationAccepts multiple crypto and fiat payment methodsNo Islamic (swap-free) accountLow minimum deposit and commission-free Standard accountDemo accounts availableIs Fizmo Fx Markets Legit? Fizmo FX Markets is unregulated. Fizmo FX Markets is not licensed by the FCA (UK), ASIC (Australia), CySEC (Cyprus), or NFA (US) while being registered in Saint Lucia, which does not regulate forex or CFD trading enterprises. The domain fizmofxmarkets.com was registered on April 19, 2024, and last updated on February 11, 2025. It expires on April 19, 2027. Client delete, renew, transfer, and update are banned.What Can I Trade on Fizmo Fx Markets? Fizmo FX Markets offers trading across four main asset classes, including forex, commodities, indices, and cryptocurrencies.Tradable InstrumentsSupportedForex✔Commodities✔Indices✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌Futures❌Account Type Fizmo FX Markets offers three types of live trading accounts—Standard, Pro, and ECN—each catering to different levels of trader experience and trading style. The broker provides demo accounts for practice, but does not mention Islamic (swap-free) accounts.Account TypeMinimum DepositLeverageSpread fromCommissionSuitable forStandard$10Up to 1:5001.0 pips❌Beginners and general tradersPro$300❌More active or intermediate usersECN$5000.1 pipsUp to $7 per lot per sideAdvanced and high-volume tradersDemo Account----Practice and testingLeverage Fizmo FX Markets offers leverage up to 1:500 across all account types (Standard, Pro, and ECN). This high leverage allows traders to control large positions with a small amount of capital, potentially increasing returns.Fizmo Fx Markets Fees Fizmo FX Markets offers moderate to low trading fees. It promotes commission-free trading on Standard and Pro accounts, while the ECN account includes a typical commission structure and tighter spreads. Swap fees (overnight charges) are not clearly disclosed on the website, which may affect transparency.Account TypeSpread fromCommissionStandard1.0 pips❌Pro❌ECN0.1 pipsUp to $7 per lot per side Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable for MT5✔Windows, macOS, Android, iOSExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Fizmo FX Markets supports several deposit and withdrawal methods, including Visa, MasterCard, bank transfers, and major cryptocurrencies such as Bitcoin, Ethereum, USDT, Solana, and Ripple.