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FMarketX

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://fmarketx.com/

Website

Rating Index

Contact

+44 7912 57 6421
https://fmarketx.com/
Beachmont Business Centre, Suite 107, Kingstown, St. Vincent and the Grenadines.

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Disclosure

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Danger

FR AMF
2022-01-10
Blacklists of unauthorized companies and websites: Forex
FMarketX
ZMarket
Infinity4x

Warning

FR AMF
2022-01-10

Contact number

English

+44 7912 57 6421

Broker Information

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Company Name

FMarketX

Company Abbreviation

FMarketX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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FMarketX · Company Summary

Official Website Unavailable

Since FMarketXs website is inaccessible, we can only collect some information from other websites to get a rough idea of this forex broker.

General Information & Regulation

FMarketX is a newly established forex broker registered in Saint Vincent and the Grenadines, with the company behind it not disclosed.

Market Instruments

Trading instruments available on the platform are limited, only forex currency pairs, and commodities.

Account Types

There are three trading accounts on offer: A-Future, B-Grow, and E-Pro. Its basic account, that is A-Future, requires $250, in line with the industry standard. The other two accounts require much higher deposit requirements, $1,500 to open a B-Grow account and $10,000 to start an E-Pro account.

Leverage

The leverage offered by FMarketX is up to 200:1. Still, inexperienced traders are not advised to use too high leverage, for leverage can amplify gains and potential risks.

Spreads & Commissions

As for the trading conditions, the spreads on FX majors like EUR/USD are under 1 pip, while other instruments spreads are not disclosed yet.

Trading Platforms Available

FMarketX provides access to distribution of Metatrader 4 – unfortunately, one that is branded by another company entirely – FXtoAll.

Deposit & Withdrawal

FMarketX accepts deposits via credit cards and wire transfers – the latter is always final and ineligible for a chargeback. Withdrawals will be charged a transaction fee: 50.00 USD/GBP/EUR for a wire transfer; 25 USD/GBP/EUR for credit cards plus a processing fee of 10 USD/7EUR/5GBP. Not only will you pay at least $35 in fees, but you will also be hit with a 10% levy if you do not achieve an impossible turnover of 200 times your account balance.

Customer Support

FMarketX offers poor dedicated customer support, and they can be only reached through telephone: 447912576421. Company address: Beachmont Business Centre, Suite 107, Kingstown, St. Vincent, and the Grenadines.

User Reviews

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2

Comments

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yewL
more than one year
This broker is extremely shady and dishonest, making him the worst broker in the whole wide world. Imagine that I activated my orders at a price that was 30 pips higher than what I intended because of spillage. If you are more of a fundamental trader, you should just get the hell away from this broker and avoid him at all costs.
2023-03-20 17:08
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FX1305842923
more than one year
My friends told me that companies registered at Saint Vincent and the Grenadines are mostly unreliable, and I didn't quite believe it at first. Now I see that many companies registered there have closed down, such as FMarketX. Terrible!
2023-03-02 17:17
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