FXEM Forex Broker

FXEM Review SummaryFounded2010Registered Country/RegionMauritiusRegulationUnregulatedMarket InstrumentsForex, Precious metals,Equity Indices, Stocks, Energies, Commodities.Demo Account✅LeverageUp to 1:400SpreadFrom 0 pipsTrading PlatformMT5Min Deposit0Customer Support24/5 servicePhysical Address: 10th Floor, Sterling Tower, 14 Poudrière St, Port Louis, Mauritius.Email:: support@fxem.comSocial Media: Facebook, Twitter, Instagram,Youtube.FXEM Information FXEM was established in 2010 and registered in Mauritius. Currently, FXEM lacks valid regulations. The company offers six asset classes: forex, commodities, precious metals,equity indices, stocks, and energies. It also provides access to the MT5 trading platforms and the demo account.Pros and ConsProsConsThe spread starts at 0Not support MT424/5 serviceNo Regulation0 minimum deposit (Pharaoh)No payment method information is providedsupport MT5Providing Islamic accountsIs FXEM Legit? FXEM is an unregulated brokerage.What Can I Trade in FXEM ? FXEM offers 90+ trading instruments and 60+ forex pairs, including forex, commodities, precious metals,equity indices, stocks, and energies. Forex：Trade CFDs on 60+ FX pairs with low spreads. Commodities：Hard and soft commodities available. Indices：Major US & European Stock Indices. Precious Metals：Can trade Gold, Silver, Platinum, Palladium. Stocks: Trade CFDs on global stocks Energies：Offers Brent crude oil and natural gas with no hidden fees.Account Types FXEM offers demo and Islamic trading accounts. FXEM also has 4 account types to choose from: King, Caesar, Emperor, Pharaoh. Among them, the minimum deposit is $0 and the maximum leverage is 1:400.Account TypesKingCaesarEmperorPharaohCurrency 1 (USD)YesYesYesYesCurrency 2 (EUR)YesYesYesYesMinimum Leverage1:011:011:011:01Maximum Leverage1:4001:4001:4001:400Spread starting from1 pip0.7Zero1.6 pipCommission applied?ZeroZero3 USDZeroMinimum Deposit1005001,000NoMaximum DepositNoNoNoNoTired Margin Applied?YesYesYesYesInstrumentsFull RangeFull RangeFull RangeFull RangeHedged margin50%50%50%100%Margin call100%100%100%120%Stop out50%50%50%100%Order executionMarketMarketMarketMarketSwap-freeAvailableAvailableNot AvailableAvailableMinimum lot size0.010.010.010.01Maximum lot sizeAs per the instrument SpicsAs per the instrument SpicsAs per the instrument SpicsAs per the instrument Spics To open an account, the user will need to fill out personal information on this page, including name, country, country number, and password, email,currency,and phone number. Then press the ‘Register’ button to complete the account creation process.Leverage The leverage is capped at 1:400 for all account types.FXEM Fees Emperor account spreads start from 0 pip. Spreads on King accounts start from 1 pip, spreads on Caesar accounts start from 0.7. Pharaoh account has the highest spreads, starting from 1.6 pip. The Emperor account charges a commission of $3 and swap fees are charged. The remaining accounts do not charge commission and swap fees are waived.Trading Platform The trading platforms offered by FXEM are MT5. MT5 can be used on desktop, mobile, tablet and web. Simultaneous provision of social trading services.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Desktop, Mobile, Tablet, WebProfessional traders andbeginnersMT4❌Deposit & Withdrawal Information about deposit and withdrawal methods is not disclosed on the official website.