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.

FOREX EXCHANGE Information

FOREX EXCHANGE, incorporated in Japan in 2004. Currently regulated by the FSA, it allows traders to trade currency pairs through MT4 and supports free trading fees. But it did not provide specific information about the accounts.

Pros and Cons

Is FOREX EXCHANGE Legit?

Regulated Country/Region
Regulated Authority	FSA
Regulated Entity	FOREX EXCHANGE株式会社
License Type	Retail Forex License
License Number	関東財務局長(金商)第293号
Current Status	Regulated

What Can I Trade on FOREX EXCHANGE?

It can mainly trade 25 currencies.

Account Types

The account opening process is as follows, consisting of four steps. You may refer to:

FOREX EXCHANGE Fees

Transaction fee, stop loss fee and account maintenance fee are 0 yen. Deposits of more than 1 billion yen will be charged.

Trading Platform

FOREX EXCHANGE offers MT4 for trading on desktop, mobile and tablet.

Deposit and Withdrawal

Withdrawals must be made from the website and can only be made in Japanese yen.

The withdrawal fee is free in principle. For withdrawals of less than 10,000 yen and withdrawals of more than 5 times per month, 540 yen will be charged per withdrawal.

The money will be remitted to your registered financial institution account within 4 working days.

Deposits can be made through regular bank transfers and fast deposits, with no minimum amount limit. Payment in Japanese yen only.