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Fxm Forex broker specializes in providing foreign exchange trading services, the company's official website --..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), CyprusCYSECMarket Maker (MM), United KingdomFCAStraight Through Processing (STP) to enhance the security of the company's address

Fxm Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Fxm金融集团

Abbreviation

Fxm

Company employee

Company Website

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm Cyprus

High potential risk

Company profile

Risk Warning: Please note this forex broker is a clone one. Please be aware if the risk and the potential scam! BASIC INFROMATION A Straight Through Processing (STP) broker, FXM is a foreign currency dealer situated in the UK. They assert that some of the main advantages of working with them include commission-free trading, access to sophisticated trading tools, protection against negative balances on all accounts, availability of a personal account manager, use of straight-through processing, absence of a dealing desk, capacity for high leverage, access to free training and demo accounts, a wide range of trading instruments, fund segregation, and high levels of security. We'll use this analysis to determine whether the aforementioned services are actually provided and to assist you in determining whether they are the best broker for you. BUSINESS SCALE Forex: Although we do not have a complete breakdown, Real FXM offers you the chance to trade popular currency pairings like EUR/USD, GBP/USD, and USD/JPY as well as uncommon currencies like USD/MXN (Mexican Peso), USD/TRY, and others (Turkish lira). Metals: You may trade precious metals like Gold, Silver, and Platinum using CFDs at a far lower cost than you would pay to buy them in actual form. Soft commodities, like sugar, coffee, and crude oil, are accessible for trading; there may be others, but those are the most common. Indexes: You may trade a number of significant international indices in the UK, US, Europe, Asia, and Australia. The UK 100, Nifty 50, and France 40 are a few examples provided Shares are accessible from all around the world, including the UK, US, Europe, and Asia. ACCOUNT TYPES Three distinct accounts are available when signing up with FXM; we've listed them below, along with details on their prerequisites and benefits. Fixed spreads, economic calendars, real-time news, daily analysis, one-click trading, unique chart access, traders' opinions and analysis, and data security are some services that are included with all accounts. X-Standard Account: This account offers standard spreads, a leverage of 1:200, and a minimum opening deposit of $200. It utilizes the X-Web trading platform and offers solely Forex pair trading. There is a limited amount of free personal instruction, and the sample account is free for two weeks. A personal account manager is not available, and you are only permitted to have a maximum of 25 open trades or orders. X-Premium Account: A deposit of $2,000 is necessary to open this account. Premium spreads and leverage up to 1:400 are included. It employs the X-Web trading platform combined with mobile apps and offers trading in metals and Forex pair. Personal training is totally accessible, and a free test membership is available for a month. A personal account manager is available, and you may have up to 75 open trades or orders. Online chat assistance is also available. The minimum deposit amount for the X-Pro Account is $5,000. It offers premium spreads and has a 1:400 leverage limit. It employs the X-Web trading platform and mobile apps, and offers trading in Forex pairings, metals, and commodities. Access to personal training is unrestricted and there is a free sample account available. A maximum of 200 active trades or orders are permitted, and both a personal account manager and online chat assistance are available. TRADING PLATFORM The single platform offered by FXM is called X-Web; it is simple to use, doesn't require downloading or installation, and clients may access it from any location in the globe using a PC or laptop. Customization, chart analysis and trading, news and analysis, one-click trading, an integrated economic calendar, and automated trading are just a few of its numerous capabilities. It also comes with a mobile application that enables trading while on the go, is user-friendly, and is designed for small screens. Leverage The account you use will determine how much leverage you may employ. Using the Premium or Pro accounts will enable you to utilize leverage up to 1:400, while using the Standard account will allow you to have the account leveraged up to 1:200. When starting an account, you may choose the account leverage, and if you later decide you'd want to modify it, you can do so by getting in touch with customer care. Market Sizes Trade sizes on all three accounts begin at 0.01 lots, or micro lots, which are equivalent to 1,000 units of money. The trades then increase by 0.01 lots at a time until they reach the maximum. Unfortunately, we do not know how many open trades and orders you can have at any given moment, nor do we know the maximum transaction size for any of the accounts. TRADING EXPENSES There are no additional commissions charged to the accounts or trading because all three accounts employ a spread-based method (which we will examine later in this study). Swap costs, which may be positive or negative and are often viewable inside the trading platform you are using, are fees that are assessed when you hold a deal overnight. Swap-free accounts are provided by certain brokers, although FXM makes no mention of them. SPREADS We don't completely grasp spreads, but we do know that they will be reduced the higher tier of accounts you have. However, we lack examples of particular spreads. We are unsure of what the Standard account's standard spreads, Premium account's premium spreads, and Pro account's pro spreads truly equal to, hence we are also unsure of the total cost of trading with FXM. MINIMUM DEPOSIT The minimum deposit needed to establish an account is $200, which gives you access to the Standard account. If you want to use the Premium account, you must deposit at least $2,000, and if you want to use the Pro account, you must deposit $5,000. Normally, the minimum deposit amount decreases once an account is formed; regrettably, we are unsure if that is the case with FXM. Deposit Procedures & Fees You may deposit using a few different options, including Bank Wire Transfer, Credit/Debit Card, and Neteller. The deposit information page discusses when to deposit (after creating an account) in great detail, but it makes no mention of fees, so we are unsure whether any have been imposed. We can say with certainty that you should inquire with your individual bank or credit card company to see whether they would tack on any additional outbound transfer costs. WITHDRAWAL PROCEDURES & FEES To be clear, the same three withdrawal options are available: bank wire transfer, credit/debit cards, and Neteller. Only the amount you initially placed can be withdrawn using a credit or debit card; any additional funds must be transferred using one of the other ways. Depending on your country, there is a $20 additional withdrawal cost when utilizing bank wire transfers. The other two options are accessible, but there is no indication of any fees. CUSTOMER SERVICE The customer service team can be contacted 24 hours a day 5 days a week, they close over the weekend and on bank holidays. You can use the online submission form, fill it in with your query or request and you should then get a reply via email. You can also use the provided postal address, phone number, support email, compliance email or Skype username. Address: C B C House Realfxm, 24 Canning St, Edinburgh EH3 8EG, United Kingdom. Phone: +441316189330 Support Email: support@realfxm.com Compliance Email: compliance@realfxm.com Skype Username: realfxm.Support, Realfxm

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fxm Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a fxm Account Registering for a fxm account is a straightforward process that allows you to access various trading services. Follow these detailed steps to complete y

FXM Forex Broker - Complete Information Guide

1. Broker Overview

　　FXM Financial Group, established in 2003, operates as a forex broker headquartered in the United Kingdom. The firm claims to provide a comprehensive range of trading services tailored for both retail and institutional clients. FXM aims to serve a diverse market, including individual traders, corporate clients, and institutional investors, offering a variety of trading instruments and platforms to facilitate their trading activities.

　　The broker has evolved significantly since its inception, marking several milestones in its development. Initially focused on retail forex trading, FXM has expanded its offerings to include various financial instruments and services, catering to a broader audience. The company operates under a private ownership structure, which allows it to maintain flexibility in its operations and service offerings.

　　FXMs business model primarily revolves around retail forex trading, but it also provides institutional services such as liquidity provision and white-label solutions. The firm emphasizes its commitment to customer satisfaction and strives to deliver high-quality trading experiences to its clients. As a result, FXM has positioned itself as a competitive player in the forex market.

2. Regulatory and Compliance Information

　　FXM Financial Group claims to operate under various regulatory frameworks, although specific details about its licenses remain vague. The broker has been associated with several regulatory bodies, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), but the legitimacy of these claims has been questioned.

　　The regulatory numbers and the effective licensing status of FXM are not clearly documented, raising concerns about its compliance with financial regulations. Different sources suggest that FXM may not be adequately regulated, and the lack of transparency regarding its licenses could pose risks to potential investors.

　　In terms of client fund protection, FXM states that it implements strict policies to segregate client funds from its operational accounts. However, the details of its investor compensation scheme and participation in any insurance programs are not explicitly mentioned.

　　FXM follows Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are standard practices in the financial industry to ensure the legitimacy of client transactions and mitigate financial crimes.

3. Trading Products and Services

　　FXM Financial Group offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 25 major and minor currency pairs, including popular options like EUR/USD, GBP/USD, and USD/JPY. In addition to forex, FXM also offers Contracts for Difference (CFDs) on indices, commodities, stocks, and cryptocurrencies, allowing traders to diversify their portfolios.

　　The broker regularly updates its product offerings to include new instruments based on market demand and trends. FXM caters to retail traders with competitive spreads and leverage options, while also providing institutional clients with tailored solutions and liquidity access.

　　FXM's retail trading services include various account types to suit different trading needs, and it emphasizes the importance of providing a user-friendly trading environment. The firm also offers asset management services, allowing clients to invest in managed accounts for a more hands-off trading experience.

4. Trading Platforms and Technology

　　FXM Financial Group supports the widely-used MetaTrader 4 (MT4) platform, providing traders with a robust environment for executing trades and analyzing the forex market. The broker also claims to offer a proprietary trading platform, which is designed to enhance user experience and provide advanced trading tools.

　　The proprietary platform allows for automated trading, technical analysis, and strategy development, catering to both novice and experienced traders. Additionally, FXM provides a web-based trading platform that enables clients to trade on the go without the need for software installation.

　　FXM also offers mobile trading applications for both iOS and Android devices, ensuring that traders can manage their accounts and execute trades from anywhere. The broker employs a market-making execution model, which allows for faster trade execution and better pricing.

　　The technical infrastructure of FXM includes servers located in secure data centers, ensuring reliable connectivity and minimal downtime. The broker also supports API access for algorithmic trading, allowing clients to integrate their trading strategies with third-party applications.

5. Account Types and Trading Conditions

　　FXM Financial Group offers several account types to cater to various trading preferences and capital levels. The standard account requires a minimum deposit of $100, with spreads starting from 2 pips. The broker also provides advanced account types, such as VIP and professional accounts, which come with enhanced trading conditions and lower spreads.

　　For those interested in Islamic trading, FXM offers Sharia-compliant accounts that do not incur interest on overnight positions. The broker provides a demo account option for new traders to practice their strategies without risking real capital.

　　Leverage options at FXM range from 1:20 to 1:400, depending on the account type and trading instruments. The minimum trade size is set at 0.01 lots, allowing traders to manage their risk effectively. FXM also has a transparent overnight fee policy, which is communicated to clients at the time of account opening.

6. Fund Management

　　FXM Financial Group supports multiple deposit methods, including bank transfers, credit/debit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the standard account requiring a minimum of $100.

　　Deposit processing times are generally quick, with most methods allowing for immediate crediting to the trading account. However, specific details regarding deposit fees and limits are not well-documented.

　　Withdrawal options at FXM include the same methods as deposits, but clients should be aware of potential withdrawal fees that may apply. The processing time for withdrawals can vary, with some methods taking longer than others.

　　FXM emphasizes the importance of secure fund management and implements measures to protect client funds. However, the lack of detailed information regarding withdrawal limits and processing times raises concerns for potential clients.

7. Customer Support and Educational Resources

　　FXM Financial Group provides customer support through various channels, including email and phone. However, the availability of live chat and social media support is unclear, which may limit accessibility for some clients. The broker's support team operates during standard business hours, but specific time zone coverage is not specified.

　　The broker offers support in multiple languages, catering to its diverse client base. Educational resources provided by FXM include webinars, tutorials, and eBooks designed to enhance traders' knowledge and skills in the forex market.

　　Additionally, FXM provides market analysis services, including daily analysis, news updates, and research reports, to help traders make informed decisions. The broker also offers trading tools such as calculators and economic calendars to assist clients in their trading activities.

8. Regional Coverage and Restrictions

　　FXM Financial Group primarily serves clients in various regions, including Europe, Asia, and other parts of the world. The broker has established regional offices in key financial hubs, although specific locations are not detailed in the available information.

　　However, FXM does not accept clients from certain countries, including the United States, which may limit its market reach. The broker's policies regarding regional restrictions are not extensively outlined, leading to potential confusion for prospective clients.

　　In summary, FXM Financial Group presents itself as a comprehensive forex broker with a range of trading products and services. However, the lack of transparency regarding regulatory compliance and fund management practices raises concerns for potential investors. Clients are encouraged to conduct thorough research and consider the risks associated with trading with an unregulated broker.

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