NOTE: FMarketX's Official Website Https://fmarketx.com/is Not Currently Accessible Properly.
FMarketX Was Registered In St. Vincent And The Grenadines In 2020. It Uses Its Own Trading Platform, Which Is A Web-based Platform. The Minimum Deposit Amount Is 250 Dollars And The Leverage Is Up To 1:200. However, It Is Not Currently Regulated.
Is MarketX Legal?
FMarketX Is Not Regulated By The Financial Services Regulator In St. Vincent And The Grenadines, Which Means That The Company Lacks Supervision From Its Place Of Incorporation. In Addition, CNMV Has Issued A Warning Notice Regarding The Company.
What Can I Trade On FMarketX?
The Instruments Available To Trade On The Platform Are Limited And Limited To Forex Currency Pairs And Commodities.
Account Types
There Are Three Trading Accounts To Choose From: A-Future, B-Grow And E-Pro. Its Basic Account, A-Future, Requires 250 Dollars And Meets Industry Standards. The Other Two Accounts Require Higher Deposit Requirements, $1,500 To Open A B-Grow Account And $10,000 To Open An E-Pro Account.
Leverage
Leverage Can Be As High As 1:200. Clients Should Be Aware That Latent Risk Can Be High If Leverage Is Too High. Therefore, Caution Is Advised.
FMarketsX Fees
Spreads On Major Currency Pairs Such As EUR/USD Are Less Than 1 Pip.
In Addition, A Monthly Inactivity Fee Of 10% Is Charged.
Trading Platform
FMarketX Uses Its Own Web-based Trading Platform And Does Not Support MT4 Or MT5.
Deposits And Withdrawals
Deposit Options Include Credit Cards And Telegraphic Transfers. Withdrawal Processing Fees Need To Be Provided, But Other Information Such As Processing Time Is Not Clear.
