QMMFX Forex Broker

AspectInformationCompany NameQMMFX LimitedRegistered Country/AreaUnited Arab EmiratesFounded Year2-5 years agoRegulationUnregulatedMinimum Deposit10 USDMaximum LeverageUp to 1:500SpreadsAs low as 1.5 pipsTradable AssetsForex, Commodity, Indice, Digital currency, Metal, StocksAccount TypesECN Account, Standard Account, Cent AccountDemo AccountNot GivenCustomer SupportPhone, Live chat, EmailEducational ResourcesEconomic calendar, Daily news, Free indicatorsOverview of QMMFX Limited QMMFX is a Forex broker operating in the United Arab Emirates for the past 2-5 years without regulation. It offers a range of trading products, including Forex, Commodity, Indice, Digital currencies, Metals, and Stocks. Traders can choose from three account types with competitive spreads and leverage up to 500:1, with a minimum deposit as low as $10. The broker emphasizes customer support, providing multiple contact options and various educational resources. Additionally, the broker guarantees the utmost material and spiritual support to investors, traders, associates, and colleagues.Regulatory Status QMMFX is currently in an unregulated state.Pros and ConsProsConsDiverse range of tradable assetsUnregulatedCompetitive leverage and spreadsUnavailable demo accountsComprehensive customer supportExtensive educational resourcesLow minimum deposit requirementMarket Instruments QMMFX offers six types of assets for clients: Forex, Commodities, Indices, Digital Currencies, Metals, and Stocks. Trading in the forex market is done in currency pairs and the broker allows forex traders to buy one currency while selling another to make a profit. For those interested in commodities, QMMFX provides a wide range of valuable commodities, enabling traders to enjoy unparalleled variety and powerful leverage, offering opportunities to profit in various market conditions. For metal enthusiasts, the broker offers information about market conditions and existing trends to assist traders in predicting price fluctuations of these metals relative to the base currency. Traders can use these fluctuations to make transactions and earn profits. Regarding stock trading, QMMFX allows investors to trade in the stock market alongside currency transactions, enabling investments in shares of companies in the global stock market. The broker also offers access to digital currencies, a type of virtual money that operates in an encrypted and decentralized manner.Account Types QMMFX offers three types of trading accounts: ECN Account, Standard Account, and Cent Account. All three accounts have leverage up to 500:1 and are only available in USD. The broker provides different types of trading accounts to meet the needs and experiences of various traders. The Standard Account is typically for beginners or traders with medium capital, and the spread can be fixed or variable. The ECN (Electronic Communication Network) Account is designed for professional traders or those seeking optimal trading conditions and traders have to pay attention to the commission which is per 1 lot $7. The Cent Account allows beginners to trade with less capital, making it suitable for new traders and those with low capital who want to learn more.Account TypeStandard AccountECN AccountCent AccountMinimum deposit$50$100$10LorridgeUp to 1:500Up to 1:500Up to 1:500Minimum order volumeFrom 0.01with a step of 0.01From 0.01with a step of 0.01From 0.01with a step of 0.01SpreadFixed from 1.5 pipsRaw market spreadFixed from 1.5 pipsCommissiondoes not havePer 1 lot $7does not haveStop out rate30%30%30%Account currencyDollarDollarDollarHow to Open an Account? Opening an account with QMMFX is a straightforward process that can be completed in a few simple steps:Registration: Visit the QMMFX website and click on the “Open an account” button. You will be directed to the registration page, where you need to provide some basic personal information, such as your name, email address, and phone number.Choose the account type: Different accounts have different features such as spreads and minimum deposits, making them suitable for people at different stages.Deposit Funds: Before trading, traders have to deposit funds to activate the account. However, the details are not displayed on the page.Start Trading: With your account funded, you can now access the trading platform provided by QmmFX and start trading.Leverage & Spreads Different accounts offer the same leverage options at 1:500. This high leverage enables traders to control larger positions with a relatively smaller initial investment, potentially amplifying profits. While the spreads of accounts differ from each other, both the Standard Account and Cent Account have fixed spreads starting from 1.5 pips, whereas the ECN Account offers raw market spreads.Customer Support QMMFX provides various contact options to assist clients with different needs. The broker's working hours are from Monday to Friday. Telephone consultation: The responsive customer service of QMMFX is ready to answer any questions you may have. Our customer support numbers are: +971526056308 or +971523808907. Live chat: You can contact the company via live chat. The agents will notify you at your email address when you receive a reply. Email: Traders can contact Support@qmmfx.com to seek help.Educational Resources QMMFXoffers extensive educational resources to assist traders in making informed decisions. Traders have access to daily news of the financial markets, forex economic calendar, useful tutorials and free indicators. Economic calendar: The economic calendar offers a table containing major events, along with their actual, forecast and previous rates. Daily news &useful tutorials: The experts at QMMFX offer economic insights into different fields, introducing some basic information about trading assets. This empowers investors to have a better understanding of the market and decisively take action.Conclusion In conclusion, QMMFX offers several advantages, including a diverse range of tradable assets, comprehensive customer support, extensive educational resources, convenient deposit and withdrawal options, a low minimum deposit requirement, and competitive leverage and spreads.FAQs Does QMMFX offer raw market spreads? Yes, the ECN Account at QMMFX offers raw market spreads. Is QMMFX regulated? No, QMMFX operates without regulation, which may pose risks for traders. What are the benefits of trading with QMMFX? QMMFX offers a diverse range of tradable assets, comprehensive customer support, extensive educational resources, convenient deposit and withdrawal options, low minimum deposit requirement, and competitive leverage and spreads.