FWT Markets Forex Broker

Note: FWT Markets' official website: https://www.fwtmarkets.com is currently inaccessible normally.FWT Markets Review SummaryFounded/Registered Country/RegionSouth AfricaRegulationNo RegulationMarket Instruments50+ forex pairs, CFDs on 11 indices, silver, gold and oilDemo Account❌LeverageUp to 1:500Spread2.5 pipsTrading PlatformsMeta Trader 5Minimum Deposit$100Customer SupportPhone: +27 (0)12 362 0310Email: support@fwtmarkets.comSocial media Registered in South Africa, FWT Markets is a brokerage company holding a fake license. It claims to offer over 50 forex pairs, CFDs on 11 indices, silver, gold and oil with MT5 platform. However, currently its website can not be visited.Pros and ConsProsConsA wide range of productsNon-functional websiteDiverse account typesLack of transparencyMultiple customer support channelsNo demo accountsLow minimum depositSuspicious clone FSCA licenseFlexible leverage ratiosMT5 platformIs FWT Markets Legit?Regulatory AuthorityFinancial Sector Conduct Authority (FSCA)Regulatory StatusSuspicious CloneRegulated byFSCALicensed InstitutionEZAGA FX (PTY) LTDLicensed TypeFinancial Service CorporateLicensed Number44133 At present, FWT Markets holds a fake license. The licensed institution is EZAGA FX (PTY) LTD, while the broker's name is FWT Markets. We advise you to choose regulated brokers.What Can I Trade on FWT Markets? FWT Markets claims to offer 50+ forex pairs, many of which exotic or minor like USD/HKD, USD/ILS, USD/MXN, USD/PLN, USD/RUB, USD/SGD, USD/SEK, USD/TRY and USD/ZAR, as well as CFDs on 11 indices, silver, gold and oil. Nevertheless, due to the inaccessible website, these products may not be tradable.Tradable InstrumentsSupportedForex✔CFDs✔Commodities (silver, gold and oil)✔Indices✔Cryptocurrencies❌Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type FWT Markets provides three account types: Mini Account, Standard Account, and ECN Account. The minimum deposit requirement is $100 for the Mini Account.Account TypeMin. DepositMini $100Standard $150ECN $500Leverage The Mini Account holds a maximum leverage up to 1:500, while the Standard Account and the ECN Account hold a lower leverage of 1:200.However, please note that high leverage can bring both great profits and big losses.Account TypeMax. LeverageMini1:500Standard 1:200ECN 1:200Spreads & Commission Mini Account and Standard Account both have a spread of 2.5 pips. The ECN Account has a raw spread plus $3/lot.Account TypeSpreadCommissionMini 2.5 pips❌Standard 2.5 pips❌ECN raw spread + $3/lot$3/lotTrading Platform FWT Markets offers MetaTrader5 for clients. MT5 is an industry-leading trading platform which is sound for experienced traders. However, this pro can be doubted by the company's inaccessible official website.Deposit and Withdrawal FWT Markets supports payment methods through VISA, MasterCard, Neteller, Skrill and wire transfer.