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FXMarket foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.fxmarket.net/en/, about the company's legal and temporary regulatory information, the company's address .

FXMarket Forex Broker

No Regulation
FXMarket

Rating Index

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Company profile

General Information & Regulation Founded in 2002, FXMarket is an international professional stock index broker with headquarters in London, UK and offices in the US, Canada, Hong Kong, Malaysia, and St.Vincent, providing one-stop trading services including precious metals, commodities, stock indices, Hong Kong and U.S. stocks, bonds, and digital currencies. FXMarket (QIMI FX MARKET LTD) is an important part of FXMarket Group's globalization strategy in East and Southeast Asia. As a sub-brand of the Group, the QIMI stock index since its inception is the focus on the layout of the Asia-Pacific region and customer development to explore the various needs of Chinese customers around the world. The FX Market platform currently holds an authorized representative license from ASIC (license number: 001282243) and a general financial license from NFA (license number: 0527475), as well as being regulated offshore by the St. Vincent's Financial Conduct Authority. Market Instruments FXMarket offers financial instruments including index futures, stock CFDs, metals, commodities, and digital currencies. Minimum Deposit FXMarket has three types of accounts: the Standard (minimum deposit of $100), the VIP (minimum deposit of $5,000), and the ECN (minimum deposit of $20,000). The initial deposit of $100 is quite affordable for most regular traders. FXMarket Leverage Forex leverage is available from 1:50 to 1:1000 for standard accounts, 1:50 to 1:400 for VIP accounts, and 1:50 to 1:200 for ECN accounts. FXMarket Spreads FXMarket claims that spread on EURUSD amounts to 1 pip on its platform, but other fees like commissions are not fully disclosed. Trading Platforms FXMarket offers traders the most popular MT4 trading platform available today, as well as MT4 PC, MT4 Mobile, MT4 Web, and My FXBook automated trading. FXMarket MT4 forex trading accounts, linked to a variety of world-class Forex trading platforms, allow you to trade forex anytime, anywhere, whenever the market is open. All FXMarket trading platforms support real-time bi-directional links to MT4, and all MT4 trading platforms are updated simultaneously, meaning that you can place, close, pending and modify all orders in real-time, whether from your computer via client-side, browser, or cell phone, or iPad. Deposit & Withdrawal FXMarket supports a variety of deposit methods for traders. Traders can pay via domestic banks, international bank transfers, WeChat, Alipay, Cloudflare, online credit cards, and savings cards. The currencies available for internet banking transfers are USDT and RMB, and bank wire transfers (international SWIFT) are available in USD, EUR, GBP, and JPY. The single transaction limit for WeChat/Alipay/Cloud Flash Pay is US$100 - US$2,000. With regard to withdrawals, the deposit platform does not charge any fees (excluding international wire transfers and wallet payments). There are three free withdrawal opportunities per month for a single account for those who submit RMB withdrawal requests via the China UnionPay channel.
How to login to FXMarket?

FXMarket Similar Brokers

Latest Reviews

Pros
Multiple account type options
Established since 2019
Online customer service support
Cons
Low Wikifx score indicating potential reliability issues
Numerous complaints from users
Lack of cryptocurrency support

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
QIMI FXMARKET LTD.
Abbreviation
FXMarket
Company employee
--
Customer Service Email Address
support@fxmarket.net
Contact Number
+1(604)357-3505
QQ
2762888534
How to login to FXMarket?
fxmarket Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide is designed to help you navigate the registration, account opening, and login processes for the fxmarket platform. Whether you are a beginner or an experienced trader, this guide will provide you with all the necessary steps, common issues, and solutions to enhance your trading experience. Part One: Account Registration Process How to Register a fxmarket Account Registering for an fxmarket account is the first step towards accessing the trading platform. Follow these detailed steps to successfully complete the registration process: Accessing the Registration Page: Visit the official fxmarket website. Click on the "Sign Up" or "Register" button prominently displayed on the homepage. Insert screenshot of registration page here. Filling in Required Information: Complete the registration form with your personal details, including your full name, email address, phone number, and preferred password. Make sure to create a strong password that meets the platform's security requirements (usually a mix of letters, numbers, and symbols). Email/Phone Verification: After submitting your information, you will receive a verification link via email or a code via SMS. Click on the link or enter the code to verify your email address or phone number. Identity Verification (if required): Depending on your region, you may be required to submit identification documents (e.g., a government-issued ID or utility bill) to comply with regulatory requirements. This step may vary based on local laws and fxmarket's policies. Registration Confirmation: Once your information is verified, you will receive a confirmation email indicating that your fxmarket account has been successfully created. You can now proceed to log in to your account. Common Registration Issues and Solutions Email Verification Not Received: Check your spam or junk folder. If you still cannot find it, request a new verification email from the fxmarket website. Identity Verification Delays: Ensure that the documents you submitted are clear and legible. If necessary, contact customer support for assistance. Regional Restrictions: Some regions may have specific requirements or restrictions for registration. Always check local regulations before signing up. Regional Differences in Registration fxmarket may have different registration requirements based on your location. For example, users from certain countries might need to provide additional documentation due to regulatory compliance. Always refer to the fxmarket website for the most current information regarding your region. Part Two: fxmarket Account Opening Detailed Guide Understanding the Difference Between Registration and Account Opening While registration gives you access to the fxmarket platform, account opening involves setting up your trading account with specific parameters such as account type and funding options. Preparation Work Before Account Opening Before you can open an account, ensure you have the following: A verified email address and phone number from the registration process. Necessary identification documents for verification. A clear understanding of the account types available on fxmarket. Detailed Account Opening Steps Selecting Account Type: Log in to your fxmarket account. Navigate to the "Account Types" section and choose the type of trading account that suits your needs (e.g., standard, mini, or professional). Submitting Required Documents: Upload the necessary documents for identity verification, which may include proof of address and identification. Ensure all documents are clear and meet the required standards. Account Review Process: Once submitted, the fxmarket team will review your application. This process typically takes 1-3 business days. You will receive an email notification regarding the status of your account. Account Activation: Upon approval, your account will be activated. You will receive an email with your account details and instructions on how to proceed. Initial Setup: Log in to your account and complete any additional setup required, such as funding your account and configuring trading preferences. Frequently Asked Questions About Account Opening How long does the account opening process take? Typically, the account review process takes 1-3 business days, depending on the volume of applications. What documents are required for account opening? Required documents usually include a government-issued ID, proof of address, and possibly additional documentation based on your region. Next Steps After Opening an Account Once your account is successfully opened, you can fund it through various methods (e.g., bank transfer, credit card) and begin trading on the fxmarket platform. Part Three: fxmarket Login Process Explained Basic Web Login Process Logging into your fxmarket account is a straightforward process. Follow these steps: Visit the fxmarket Website: Go to the official fxmarket website. Click on the "Login" button located at the top right corner of the homepage. Enter Your Credentials: Input your registered email address and password. Ensure that your password is entered correctly to avoid login errors. Two-Factor Authentication (if enabled): If you have enabled two-factor authentication, enter the verification code sent to your registered mobile device. Access Your Account: Click the "Login" button to access your account dashboard. Dashboard Overview: Once logged in, you will be directed to your account dashboard, where you can view your balance, trading history, and available trading options. Mobile App Login Process If you prefer trading on the go, you can also log in to your fxmarket account using the mobile app. The steps are similar to the web login: Download the fxmarket App: Install the fxmarket app from your device's app store. Open the App and Enter Credentials: Launch the app and enter your registered email and password. Complete Two-Factor Authentication: If required, enter the verification code sent to your mobile device. Access Your Trading Dashboard: After successfully logging in, you will have access to your trading account. Other Login Methods Third-Party Login Options: Some platforms may offer login options through social media accounts or other third-party services (Single Sign-On). Check if fxmarket provides this feature for added convenience. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password" link on the login page to reset your password via email. Account Lockout: If you are locked out due to multiple failed login attempts, wait for a specified time before trying again, or contact customer support for assistance. Technical Issues: Ensure you have a stable internet connection and that your browser or app is up to date. Clear your browser cache if you encounter persistent login issues. Overview of Features After Login After logging into your fxmarket account, you can access various features, including: Trading tools and resources. Account management settings. Market analysis and news updates. Additional Sections Account Security Recommendations To ensure the safety of your fxmarket account, consider the following security measures: Enable Two-Factor Authentication: This adds an extra layer of security to your account. Use Strong Passwords: Choose complex passwords that are difficult to guess. Monitor Account Activity: Regularly check your account for any unauthorized transactions. Best Practices for Account Management Keep Your Information Updated: Regularly update your personal information and documents to avoid issues. Use a Password Manager: This can help you manage complex passwords securely. Educate Yourself: Utilize the educational resources provided by fxmarket to improve your trading skills. How to Get Technical Support For any issues or questions regarding your fxmarket account, you can reach out to their customer support team via: Live Chat: Available on the fxmarket website. Email Support: Send your inquiries to the designated support email. Phone Support: Call the customer service number for immediate assistance. This guide aims to provide a comprehensive overview of the fxmarket registration, account opening, and login processes. By following the outlined steps and recommendations, you can ensure a smooth and secure trading experience on the platform.

FXMarket Forex Broker - Complete Information Guide

1. Broker Overview

FXMarket, also known as Qimi FX Market Ltd, was established in 2002 and is headquartered in London, United Kingdom. The broker operates as a private entity, providing a wide range of trading services primarily in the forex market. FXMarket caters to both retail and institutional clients, focusing on offering competitive trading conditions and a variety of financial instruments.

The company has developed over the years, expanding its services and enhancing its trading platforms to meet the evolving needs of its clients. FXMarket has established a presence in multiple regions, including the United States, Canada, Hong Kong, Malaysia, and St. Vincent. This expansion is part of the company's globalization strategy, particularly aimed at serving clients in the Asia-Pacific region.

FXMarket operates under a business model that includes retail forex trading and institutional services, allowing clients to access various markets, including precious metals, commodities, stock indices, and digital currencies. This diversified offering positions FXMarket as a significant player in the global forex trading landscape.

2. Regulatory and Compliance Information

FXMarket is not regulated by any top-tier financial authority. According to various sources, including WikiFX and Scam Helpers, the broker lacks valid regulatory oversight, which raises concerns regarding its legitimacy and client protection. The absence of regulation means that traders may not have the same level of security and recourse as they would with regulated brokers.

The broker has previously held a license from the Australian Securities and Investments Commission (ASIC), but this license has been revoked. The regulatory number associated with FXMarket was 001282243. As it currently stands, FXMarket does not provide adequate information about its compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are critical for safeguarding client funds and ensuring transparency in operations.

Clients should be aware that trading with unregulated brokers like FXMarket can expose them to significant risks, including the potential loss of funds with little to no recourse for recovery.

3. Trading Products and Services

FXMarket offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 60 forex currency pairs, including major, minor, and exotic pairs. Additionally, FXMarket offers Contract for Difference (CFD) products across various categories, including:

  • Indices: Trading on major global indices.
  • Commodities: Including precious metals such as gold and silver.
  • Stocks: Access to shares from various international markets.
  • Cryptocurrencies: Although specific offerings may vary, the broker has indicated support for digital currencies.

The range of trading products is designed to cater to both retail and institutional clients, allowing for a comprehensive trading experience. FXMarket updates its product offerings periodically, ensuring that clients have access to the latest trading instruments.

4. Trading Platforms and Technology

FXMarket supports the widely used MetaTrader 4 (MT4) trading platform, which is popular among forex traders for its user-friendly interface and robust trading capabilities. The broker provides access to MT4 on various devices, including:

  • Desktop: Full-featured trading platform for PC.
  • Web-based: Access via browsers without the need for downloads.
  • Mobile Applications: Available for both iOS and Android, allowing traders to manage their accounts on the go.

The execution model employed by FXMarket includes Market Making, which may affect how trades are executed and the pricing offered. The broker's server infrastructure is located in Hong Kong, ensuring low latency and reliable connectivity for traders.

FXMarket also supports API access for automated trading, providing clients with the tools necessary for algorithmic trading strategies.

5. Account Types and Trading Conditions

FXMarket offers multiple account types to cater to different trading preferences and capital levels:

  • Standard Account: Requires a minimum deposit of $100, with spreads starting from 1 pip.
  • VIP Account: Requires a minimum deposit of $5,000, offering tighter spreads and potentially better trading conditions.
  • ECN Account: Designed for professional traders, requiring a minimum deposit of $20,000, with lower spreads but may include commission fees.

The leverage options available vary by account type, with maximum leverage ratios reaching up to 1:1000 for standard accounts. The minimum trade size typically starts at 0.01 lots, allowing for flexible trading strategies.

FXMarket provides a demo account for traders to practice without financial risk, helping them familiarize themselves with the platform and trading conditions.

6. Fund Management

FXMarket supports a variety of deposit methods, including:

  • Bank Transfers
  • Credit and Debit Cards
  • Electronic Wallets (such as WeChat and Alipay)

The minimum deposit requirement varies by account type, starting from $100 for the standard account. Deposits are typically processed within a few business days, but specific timing may vary based on the method used.

FXMarket does not charge fees for deposits, although international wire transfers may incur charges. Withdrawal options include similar methods as deposits, with processing times typically taking 1-5 business days. However, clients should be aware of potential withdrawal fees, which may apply depending on the method chosen.

7. Customer Support and Educational Resources

FXMarket provides customer support through various channels, including:

  • Email: Support can be reached at support@fxmarket.net.
  • Phone: Clients can contact customer service directly.
  • Online Chat: Available on the broker's website for immediate assistance.

The support team operates across multiple time zones to cater to a global clientele, offering assistance in English and potentially other languages.

In terms of educational resources, FXMarket offers a range of materials, including:

  • Webinars: Covering various trading topics and strategies.
  • Tutorials: Providing insights into using the trading platform effectively.
  • Market Analysis: Daily updates and research reports to keep traders informed.

Additionally, the broker provides trading tools such as calculators and economic calendars to assist clients in their trading activities.

8. Regional Coverage and Restrictions

FXMarket primarily serves clients in Asia-Pacific, with a significant focus on regions like Hong Kong and Malaysia. The broker has established offices in various countries, enhancing its ability to cater to local markets.

However, FXMarket does not accept clients from certain jurisdictions, including the United States, due to regulatory restrictions. This limitation is crucial for potential clients to consider when evaluating whether to engage with the broker.

In summary, while FXMarket offers a range of trading products and services, potential clients should exercise caution due to the lack of regulation and the associated risks involved in trading with this broker. It is advisable to conduct thorough research and consider alternative options that offer regulatory oversight and enhanced investor protection.

Latest Reviews

追光者92907

追光者92907

Hong Kong

You can only lose money, can't make money. Making money is not a normal operation. Deduct all profits of you

Exposure

2021-01-18

遇见21203

遇见21203

Hong Kong

Deduct your profits directly. It’s difficult to withdraw funds after profiting

Exposure

2021-01-18

FX2326720470

FX2326720470

Hong Kong

Can’t withdraw profits. And they are still cheating investors. Pls stay away from it

Exposure

2021-01-18

Nuotrader

Nuotrader

Hong Kong

The account was blocked. Fraud platform. The website was unavailable. Beware.

Exposure

2021-09-28

Andy loh

Andy loh

Malaysia

My account was disabled. The platform might run away.

Exposure

2021-09-23

FX3517856271

FX3517856271

Philippines

As I am new to forex I will not give a overall review only what I have noticed. There is a delay in entering a trade and exiting, this delay appears to allow them to manipulate the pips. On average they pick up 1 pip on entering and 2 on exiting . I joined due to there advertised low spreads, when the 3 pip loss is taken into account itis not such a good deal. I find there claims misleading. Not sure if you would call this a scam. I have not yet tried to withdraw funds so cannot comment.

Exposure

2021-09-14

FXMarket Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.41, Software Index 4.00 Risk Control Index 0.00.