Funda Markets Forex Broker

Funda Markets Review SummaryFounded2022Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsIndices, shares, metals, forex, energies, cryptocurrencies, commoditiesDemo Account✅LeverageUp to 1:500SpreadFrom 1.6 pipsTrading PlatformcTraderMin Deposit$100Customer SupportContact formEmail: support@fundamarkets.comAddress: Suite 305 , Griffith Corporate Centre Kingstown, St Vincent and The Grenadines Funda Markets was registered in 2022 in Saint Vincent and the Grenadines, which is a broker specializing in the indices, shares, metals, forex, energies, cryptocurrencies, and commodities markets. It offers several types of accounts, among which the minimum deposit is $100 and the maximum leverage is 1:500. However, this company is not regulated, and potential risks are rather high.Pros and ConsPros Cons Diverse tradable assetsLack of regulationDemo accounts and Islamic accountsWide spreadsMultiple account typesNo MT4 or MT5cTrader platformNo popular payment optionsDeposit/withdrawal fee chargedIs Funda Markets Legit? No, it 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, its domain status shows that client transferring is prohibited. Please note the potential risks.What Can I Trade on Funda Markets? Funda Markets provides a variety of products, including indices, shares, metals, forex, energies, cryptocurrencies, and commodities.Tradable Instruments Supported Forex✔Commodities✔Metals✔Energies✔Indices✔Shares✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type/Leverage/Fees Funda Markets provides 6 types of accounts, including Standard, Premium, Platinum, Diamond, Platinum Islamic, and Standard Islamic. Besides, demo accounts are also available.Account TypeMin DepositMax LeverageSpreadSwap ChargesStandard$1001:5002.0 pips✔Premium$5001.8 pips✔Platinum$2,0002.0 pips✔Diamond$5,0001.6 pips✔Platinum Islamic$2,0002.0 pips❌Standard Islamic$1002.2 pips❌Trading Platform Funda Markets uses cTrader as its trading paltform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forcTrader✔PC, web, mobileExperienced tradersMT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Funda Markets supports several types of payment options, and certain amounts of fees are charged depending on the types of payment options.Payment OptionsCurrenciesMin Deposit Min WithdrawalDeposit FeesWithdrawal FeesProcessing TimeTetherUSDT/////5PayMYR, THBMYR500MRY 1001.5% or MYR 10.5% or MYR 2Instantly9Pay//////CasholaIDR, MYRIDR 100,000IDR 100,000,0001.5% or IDR 2,5001% or IDR 6,500InstantlyFPXMYR, THBMYR 500MYR 1001.5%1.5%StarsPayUSD$100$10$11%BoostMYRMYR 100MYR 1001.5% or MYR 11% or MYR 2GrabPayShopeePayTouchDirectPayLD/////