Funda Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://member.fundamarkets.com/#/user/register?language=en-US?language=en-US, about the company's legal and temporary regulatory information, the company's address Griffith Corporate Centre, Kingstown, St.Vincent and the Grenadines.
Funda Markets Forex Broker
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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 Cons
| Pros | Cons |
| Diverse tradable assets | Lack of regulation |
| Demo accounts and Islamic accounts | Wide spreads |
| Multiple account types | No MT4 or MT5 |
| cTrader platform | No popular payment options |
| Deposit/withdrawal fee charged |
Is 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 Type | Min Deposit | Max Leverage | Spread | Swap Charges |
| Standard | $100 | 1:500 | 2.0 pips | ✔ |
| Premium | $500 | 1.8 pips | ✔ | |
| Platinum | $2,000 | 2.0 pips | ✔ | |
| Diamond | $5,000 | 1.6 pips | ✔ | |
| Platinum Islamic | $2,000 | 2.0 pips | ❌ | |
| Standard Islamic | $100 | 2.2 pips | ❌ |
Trading Platform
Funda Markets uses cTrader as its trading paltform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | PC, web, mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit 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 Options | Currencies | Min Deposit | Min Withdrawal | Deposit Fees | Withdrawal Fees | Processing Time |
| Tether | USDT | / | / | / | / | / |
| 5Pay | MYR, THB | MYR500 | MRY 100 | 1.5% or MYR 1 | 0.5% or MYR 2 | Instantly |
| 9Pay | / | / | / | / | / | / |
| Cashola | IDR, MYR | IDR 100,000 | IDR 100,000,000 | 1.5% or IDR 2,500 | 1% or IDR 6,500 | Instantly |
| FPX | MYR, THB | MYR 500 | MYR 100 | 1.5% | 1.5% | |
| StarsPay | USD | $100 | $10 | $1 | 1% | |
| Boost | MYR | MYR 100 | MYR 100 | 1.5% or MYR 1 | 1% or MYR 2 | |
| GrabPay | ||||||
| ShopeePay | ||||||
| Touch | ||||||
| DirectPayLD | / | / | / | / | / |
Rating Index
Funda Markets Similarly Rated Brokers
Latest Reviews
doudu
Colombia
Caught the trading wave with Funda Markets, a newcomer from the saintly Vincent and the Grenadines. Self-regulated, definitely adds an element of thrill to the mix. Talk about variety, was trading everything from Indices to Stocks. Channel for all this action? Good ol' cTrader. Went for the premium feel with their, you guessed it, Premium account. Hefty 1:500 leverage, not for the faint-hearted! Deposit methods galore, from bank wire to PayU and even cryptocurrencies. Their customer support? A team of superheroes ready to help, any day, any hour!
Positive
2023-12-04
FX1489185494
Indonesia
Took a plunge with Funda Markets, a fresh face from Saint Vincent and the Grenadines. No regulation, a bit of the wild west, but boy is the ride exhilarating! Trading options? Think a mighty menu of 60 instruments, everything from Gold to Cryptocurrencies. And all of this while sailing on the cTrader, a slick platform. Kicked off my rodeo with their Standard account and a mere $100 - the door's wide open for anyone! Maximum leverage of 1:500 offered some high stakes. Round-the-clock customer support had my back, phew!
Neutral
2023-12-01
Yunhok
Nigeria
Funda Markets seems pretty decent when it comes to spreads and account types. They offer competitive pricing and a range of account options to suit different traders' needs.
Neutral
2024-07-17