FMarketX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.fmarketx.com/en-US/Account/Register, about the company's legal and temporary regulatory information, the company's address Beachmont Business Centre, Suite 107, Kingstown, St. Vincent and the Grenadines..
FMarketX Forex Broker
Basic Information
Registered Region 
Saint Vincent and the Grenadines
Saint Vincent and the GrenadinesOperating Period
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Company Name
FMarketX
Abbreviation
FMarketX
Company employee
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Contact Number
+44 7912 57 6421
Company Website
Company address
Beachmont Business Centre, Suite 107, Kingstown, St. Vincent and the Grenadines.
Keywords
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: FMarketX's official website https://fmarketx.com/ is currently inaccessible normally.FMarketXReview SummaryFounded2020Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex currency pairs, and commoditiesDemo Account/LeverageUp to 1:200EUR/USD SpreadUnder 1 pipTrading PlatformWebMin Deposit$250Customer SupportTel: +44 7912 57 6421Address: Beachmont Business Centre, Suite 107, Kingstown, St. Vincent and the Grenadines FMarketX was registered in 2020 in Saint Vincent and the Grenadines. It uses its own trading platform, which is a web-based one. The minimum deposit is $250, and the leverage can be up to 1:200. However, it is not regulated currently.Pros and ConsPros Cons Multiple account typesInaccessible websiteLack of regulationLimited trading asset classesNo MT4/5High minimum depositIs FMarketX Legit? FMarketX is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, CNMV issued a warning notice about this company.What Can I Trade on FMarketX? Trading instruments available on the platform are limited, only forex currency pairs, and commodities.Tradable Instruments Supported Forex Currency Pairs✔Commodities✔Indices❌Stocks❌Cryptocurrencies❌Account Type There are three trading accounts on offer: A-Future, B-Grow, and E-Pro. Its basic account, that is A-Future, requires $250, in line with the industry standard. The other two accounts require much higher deposit requirements, $1,500 to open a B-Grow account and $10,000 to start an E-Pro account.Account TypeMin DepositA-Future$250B-Grow$1,500E-Pro$10,000Leverage The leverage can be up to 1:200. Customers should be aware that potential risks may be high if the leverage is high. Therefore, careful considerations are recommended.FMarketsX Fees The spreads on FX majors like EUR/USD are under 1 pip. Besides, it also charges an inactivity fee of 10% per month.Trading Platform FMarketX uses its own web-based trading platform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forWeb Trader✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal The deposit options include credit cards and wire transfers. Withdrawal fees are needed, but other information such as the processing time is not clear.Withdrawal OptionsWithdrawal FeesWire transfers50 USD/GBP/EUROCredit cards25 USD/GBP/EURO (processing fee of 10 USD/ 7 EUR/ 5 GBPePayments25 USD/GBP/EURO
Is FMarketX safe or scam
Rating Index
E- Pro
Minimum Deposit
$10.000
B- Grow
Minimum Deposit
$1.500
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Latest Reviews
FX1305842923
United Kingdom
My friends told me that companies registered at Saint Vincent and the Grenadines are mostly unreliable, and I didn't quite believe it at first. Now I see that many companies registered there have closed down, such as FMarketX. Terrible!
37130
2023-03-02
FMarketX Forex Broker has an overall rating of 1.46, Regulatory Index 0.00, License Index 0.00, Business Index 6.63, Software Index 4.00 Risk Control Index 0.00.
yewL
Malaysia
This broker is extremely shady and dishonest, making him the worst broker in the whole wide world. Imagine that I activated my orders at a price that was 30 pips higher than what I intended because of spillage. If you are more of a fundamental trader, you should just get the hell away from this broker and avoid him at all costs.
37130
2023-03-20