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.

Deriv Information

Deriv is a regulated broker, offering trading on forex, indices, stocks, commodities, cryptocurrencies and ETFs with leverage up to 1:1000 (forex) and spreads from 0 pips on Deriv MT5, Deriv X, Deriv cTrader, Deriv Trader, Deriv Bot, Deriv GO, and SmartTrader trading platforms. The minimum deposit requirement is only $5.

Pros and Cons

Is Deriv Legit?

Deriv is licensed by MFSA to offer services. However, the certification from VFSC and FSA is suspicious clone.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Malta Financial Services Authority (MFSA)	Regulated	DERIV INVESTMENTS (EUROPE) LIMITED	Market Maker (MM)	C 70156
	Vanuatu Financial Services Commission (VFSC)	Suspicious Clone	Binary (V) Ltd	Retail Forex License	Unreleased
	British Virgin Islands Financial Services Commission (FSA)	Suspicious Clone	Binary (BVI) Ltd.	Retail Forex License	SIBA/L/18/1114

What Can I Trade on Deriv?

Deriv offers trading on forex, indices, stocks, commodities, cryptocurrencies and ETFs.

Account Type

Here are six account types Deriv offers:

Leverage

Deriv offers flexible leverage options, varying by trading assets. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Deriv Fees

Trading Platform

Deposit and Withdrawal

Deriv accepts payments via credit & debit cards, online banking, mobile payments, E-wallets, cryptocurrencies, On-ramp/Off ramp and Voucher.

Deposit Options

Withdrawal Options