Fx-mars Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and * exposure review!
Business
License
ASIC Unverified 
Fx-mars is a complete scammer, it claims to be registered in Australia but has no local office. The so-called ASIC regulatory license is also fake.
Registered in a country that harbor frauds, customer service is not up to par, they didn't work on my withdrawal request and instead kept asking for more capital...
This fx-mars review shows a complete analysis of a forex broker that has gotten major negative attention in the trading community. Based on data from WikiFX and user feedback, fx-mars gets an extremely poor overall rating, with a WikiFX score of just 1 out of 10. The broker claims to be registered in Australia but operates without a local office. This raises serious concerns about its legitimacy and regulatory compliance.
The key features that fx-mars promotes include MetaTrader 4 trading platform access and claims of ASIC regulation. However, multiple user reports and regulatory checks suggest that the ASIC license may be fake. The broker appears to target new traders seeking low-barrier entry into forex trading. But the associated risks are exceptionally high.
User reviews consistently describe fx-mars as a complete scam operation, with traders reporting difficulties in withdrawing funds and poor customer service experiences. The company's lack of transparency, combined with its questionable regulatory status and overwhelmingly negative user feedback, makes this broker unsuitable for any type of trader. This applies regardless of experience level.
Regional Entity Differences: fx-mars claims registration in Australia under ASIC regulation. However, the broker operates without any local office presence in Australia. Multiple sources indicate that the claimed ASIC regulatory license is fake, and traders should exercise extreme caution when considering this broker.
Review Methodology: This evaluation is based on publicly available information, user feedback, and regulatory data sourced from WikiFX ratings, user reviews, and industry reports. All information has been cross-referenced where possible to ensure accuracy.
| Dimension | Score | Rating |
|---|---|---|
| Account Conditions | 1/10 | Poor |
| Tools and Resources | 3/10 | Poor |
| Customer Service | 2/10 | Poor |
| Trading Experience | 2/10 | Poor |
| Trust and Safety | 1/10 | Poor |
| User Experience | 2/10 | Poor |
fx-mars entered the forex brokerage market in 2018. The company positioned itself as an international trading service provider. The company claims to be headquartered in the British Virgin Islands while asserting regulatory compliance in Australia.
This dual-jurisdiction approach has raised questions among industry observers, particularly given the lack of physical presence in the claimed regulatory territory. The broker's business model centers around providing forex trading services through the popular MetaTrader 4 platform. However, the company's operational structure remains largely unclear, with limited public information available about its management team, financial backing, or actual business operations.
The absence of a local office in Australia, despite claims of ASIC registration, has become a significant point of concern for potential traders. According to available information, fx-mars operates as a market maker, though specific details about spreads, commissions, and trading conditions remain unclear. The broker's website and marketing materials provide minimal transparency about crucial trading parameters.
This is unusual for legitimate forex brokers who typically emphasize competitive pricing and transparent fee structures. This fx-mars review finds that the lack of clear information about basic trading conditions is a significant red flag for potential clients.
Regulatory Jurisdiction: fx-mars claims registration in the British Virgin Islands with additional ASIC regulation in Australia. However, verification attempts have revealed that the Australian office presence is non-existent. The ASIC license appears to be fake.
Deposit and Withdrawal Methods: Specific information regarding deposit and withdrawal options was not detailed in available materials. This is concerning for a broker operating since 2018.
Minimum Deposit Requirements: The exact minimum deposit amount is not specified in available documentation. This makes it difficult for potential traders to assess accessibility.
Bonus and Promotions: No information regarding promotional offers, welcome bonuses, or trading incentives was found in the available materials.
Tradeable Assets: While the broker provides MetaTrader 4 access, specific details about available currency pairs, commodities, indices, or other tradeable instruments are not clearly documented.
Cost Structure: Critical information about spreads, commissions, overnight fees, and other trading costs remains undisclosed in publicly available materials. This is highly unusual for legitimate brokers.
Leverage Ratios: Specific leverage offerings are not mentioned in available documentation. This makes risk assessment challenging for potential traders.
Platform Options: The broker offers MetaTrader 4 platform access. This is a standard industry platform known for its reliability and functionality.
Geographic Restrictions: Information about restricted countries or regional limitations was not specified in available materials.
Customer Support Languages: The range of supported languages for customer service was not detailed in available documentation.
This fx-mars review notes that the lack of transparency in basic operational details is concerning and inconsistent with industry standards for legitimate forex brokers.
The account conditions offered by fx-mars present significant concerns for potential traders. Based on available information, the broker fails to provide clear details about account types, minimum deposit requirements, or specific trading conditions. This lack of transparency is particularly troubling given that legitimate brokers typically emphasize competitive account features as key selling points.
User feedback consistently indicates confusion about account opening procedures and trading terms. Multiple traders have reported difficulties in understanding the actual costs associated with trading, including spreads and commissions. The absence of clearly defined account tiers or specialized offerings such as Islamic accounts further demonstrates the broker's lack of professional structure.
The account verification process has been described by users as unnecessarily complex and time-consuming. Some reports suggest that the broker uses verification delays as a tactic to prevent withdrawals. This fx-mars review finds that the overall account conditions are substandard and potentially designed to disadvantage traders rather than provide a competitive trading environment.
fx-mars offers MetaTrader 4 as its primary trading platform. This is generally considered a positive feature given MT4's widespread acceptance and robust functionality. However, the broker appears to provide limited additional tools and resources beyond basic platform access.
The absence of proprietary trading tools, advanced charting packages, or enhanced analytical resources places fx-mars at a significant disadvantage compared to established brokers. Educational resources, which are crucial for trader development, appear to be minimal or non-existent. User feedback indicates that the broker provides little in the way of market analysis, trading guides, or educational webinars.
This lack of educational support is particularly concerning given that the broker appears to target novice traders who would benefit most from comprehensive learning resources. Research and analysis tools are notably absent from the broker's offerings. Professional traders typically rely on economic calendars, market sentiment indicators, and fundamental analysis reports, none of which appear to be readily available through fx-mars.
The limited tool set suggests that the broker focuses primarily on transaction volume rather than trader success and education.
Customer service quality represents one of the most significant weaknesses in the fx-mars offering. User reviews consistently describe poor response times, unhelpful support staff, and difficulty reaching customer service representatives. Multiple traders have reported that their inquiries go unanswered for extended periods, particularly when related to withdrawal requests or account issues.
The availability of customer support channels appears limited, with unclear information about operating hours or multilingual support options. This is particularly problematic for an international broker claiming to serve traders across multiple time zones. The lack of comprehensive support infrastructure suggests either inadequate investment in customer service or intentional barriers to customer communication.
Problem resolution capabilities appear severely compromised, with numerous user reports indicating that legitimate complaints and technical issues remain unresolved for weeks or months. The pattern of poor customer service, combined with withdrawal difficulties, strongly suggests that the broker may be operating with fraudulent intent rather than focusing on legitimate business operations.
The trading experience provided by fx-mars has received overwhelmingly negative feedback from users. Despite offering MetaTrader 4, which is generally reliable, traders report significant issues with order execution, including excessive slippage and requotes during volatile market conditions. These execution problems can significantly impact trading profitability and suggest poor liquidity management or intentional manipulation.
Platform stability appears to be compromised, with users reporting frequent disconnections and technical issues during critical trading periods. This is particularly concerning as platform reliability is fundamental to successful forex trading. The technical problems seem to occur most frequently when traders are attempting to close profitable positions.
This raises questions about the broker's commitment to fair trading practices. Mobile trading experience, while utilizing the standard MT4 mobile platform, is hampered by the same connectivity and execution issues that plague the desktop version. The overall trading environment appears designed to create obstacles for trader success rather than facilitate profitable trading.
This fx-mars review concludes that the trading experience falls far below industry standards and poses significant risks to trader capital.
Trust and safety concerns represent the most critical issues with fx-mars. The broker's claimed ASIC regulation has been identified as potentially fake, with no verifiable Australian office presence despite regulatory requirements. This false regulatory claim constitutes a serious red flag and suggests deliberate deception of potential clients.
Financial security measures appear inadequate or non-existent. There is no evidence of client fund segregation, deposit insurance, or other standard protections that legitimate brokers provide. The lack of transparent financial reporting and absence of audited financial statements further undermines confidence in the broker's financial stability and commitment to client fund protection.
The company's operational transparency is severely lacking, with minimal information available about management, ownership structure, or business operations. This opacity, combined with the fake regulatory claims and negative user experiences, suggests that fx-mars may be operating as a fraudulent scheme rather than a legitimate brokerage business. The WikiFX rating of 1 reflects these serious trust and safety concerns.
Overall user satisfaction with fx-mars is extremely low, with the vast majority of user reviews describing negative experiences and warning others to avoid the broker. The consistent pattern of complaints about withdrawal difficulties, poor customer service, and technical issues indicates systematic problems rather than isolated incidents.
The user interface and website design, while functional, lack the professional polish and comprehensive information typically associated with legitimate brokers. The registration and verification processes have been described as unnecessarily complex and designed to create barriers rather than facilitate smooth onboarding.
The most common user complaints center around withdrawal difficulties, with multiple reports of traders being unable to access their funds after depositing. This pattern of behavior is consistent with fraudulent brokers who accept deposits but prevent withdrawals. The overwhelming consensus among users is that fx-mars should be avoided entirely, with many explicitly labeling it as a scam operation.
This comprehensive fx-mars review reveals a broker that poses significant risks to trader capital and should be avoided by all potential clients. The combination of fake regulatory claims, overwhelmingly negative user feedback, and lack of operational transparency indicates that fx-mars operates as a fraudulent scheme rather than a legitimate forex broker.
While the broker offers MetaTrader 4 platform access, this single positive feature is far outweighed by numerous serious concerns including fake regulation, withdrawal difficulties, poor customer service, and technical issues. No trader category, whether novice or experienced, should consider using fx-mars given the high probability of financial loss and inability to withdraw funds.
The evidence strongly suggests that fx-mars is designed to collect trader deposits without facilitating legitimate trading or allowing withdrawals. Traders seeking reliable forex brokerage services should look elsewhere and conduct thorough due diligence before selecting any broker.
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