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The WikiFX Score of this broker is reduced because of too many complaints!

FXMarket

United Kingdom|2-5 years|
Regulated in Australia|Suspicious Regulatory License|MT4 Full License|Regional Brokers|Australia Appointed Representative(AR) Unsubscribed|Suspicious Overrun|High potential risk|

http://www.fxmarket.net/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
QIMIFxmarket-Live MT4
Server Location Hong Kong

Contact

+1(604)357-3505
support@fxmarket.net
http://www.fxmarket.net/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1(604)357-3505

Broker Information

More

Company Name

QIMI FXMARKET LTD.

Company Abbreviation

FXMarket

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2024-04-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 22 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • BeiJing
    • 124***
    • BITCOIN
    • 04-14 14:50:25
    • silicon valley
    • 144***
    • BITCOIN
    • 04-14 14:48:16
    • HoChiMinh
    • 214***
    • BITCOIN
    • 04-14 14:48:14

    Stop Out

    0.91%

    Stop Out Symbol Distribution

    6 months

    Sources

    FXMarket · Company Summary

    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.

    User Reviews

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    User comment

    4

    Comments

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    Sameer5753
    more than one year
    Hi Sameer
    2022-12-06 01:43
    Reply
    0
    0
    张艳华
    more than one year
    Never trade with FXMarket. We all know that the most important thing when choosing a forex trading company is its security, you have to take into account its regulatory license, but the license of this company is cloned! They steal licenses from other companies and claim them as their own. You can also see on this website that there are still many victims. Do not be fooled!
    2022-12-05 16:33
    Reply
    0
    0
    爲祢ぺ葑吢
    more than one year
    Their website and trading platform can’t be accessed now. Customer service can’t be contacted. They must have already run away. And the balance in my account can't be withdrawn...
    2022-11-29 12:18
    Reply
    0
    0
    鸿水
    more than one year
    This is a fraud company, please don’t trading with them, they are doing scam. They allow only deposits & withdrawal via bitcoin. They never disclose any terms and conditions, hidden charges and clear about their process and clear about their processes. It is a pure scam.
    2022-11-29 09:38
    Reply
    0
    0
    24
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    United States
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    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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