Company profile
Note: FXPM's official website https://www.fxpmarkets.com is currently inaccessible normally.FXPMReview SummaryFounded2016Registered Country/RegionMarshall IslandsRegulationNo regulationMarket InstrumentsIndices, stocks and commoditiesDemo Account/LeverageUp to 1:500SpreadFrom 3 pips (Beginner account)Trading PlatformMT4Min Deposit$250Customer SupportEmail: support@FXPMarkets.com FXPM was registered in 2016 in Marshall Islands. It uses MT4 as its trading platform, and it claims to offer trading services on indices, stocks, and commodities. Nevertheless, this company is not regulated, and its website is currently inaccessible.Pros and ConsPros Cons MT4 supportedLack of regulationIslamic accounts availableNo demo accountsHigh minimum depositLimited contact channelsIs FXPM Legit? FXPM is not regulated by the financial services regulatory authority in Marshall Islands, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.What Can I Trade on FXPM? FXPM claims to offer products like indices, stocks, and commodities.Tradable Instruments Supported Indices✔Stocks✔Commodities✔Forex❌Cryptocurrencies❌Bonds❌Options❌Mutual Funds❌Account Type There are 4 types of accounts available: Beginner, Silver, Gold, and VIP. Moreover, swap-free Islamic accounts are also available.Account TypeMin. DepositMax. LeverageSpreadBeginner$2501:100From 3.0 pipsSilver$1,0001:500From 2.5 pipsGold$15,000From 2.0 pipsPremium$50,000From 1.5 pipsLeverage For the Beginner Account, the leverage is up to 1:100. For other accounts, the leverage is capped at 1:500. High leverage may bring potential risks, so careful considerations are recommended.Trading Platform FXPM uses MT4 as its trading platform.Deposit and Withdrawal It is not clear whether fees are needed or not. Payment options only include Bank Transfer and Credit/Debit Cards.
欢欢1291
Australia
This offshore broker told me that I need a high deposit of $10,000 for a managed account, for I am a beginner. I am not rich, and I don’t have much money. What should I do?
37130
2023-02-14