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FooMarkets

Vanuatu|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

http://www.foomarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
FooGlobalMarketsLimited-live1 MT4
Server Location United Kingdom

Contact

service@foofx.com
http://www.foomarkets.com/
ovant Building,Kulum highway,Port Vila Vanuatu

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Foo Global Markets(V) Limited

Company Abbreviation

FooMarkets

Platform registered country and region

Vanuatu

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 700455) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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FooMarkets · Company Summary

General Information & Regulation

FooMarkets is a foreign exchange contract for difference broker that directly provides customers. Reduce latency and provide excellent liquidity. Joined the OneZero Bridge Ecosystem (EcoSystem) in 2018, completed the bridge service cooperation with it, and became one of its liquidity providers, continuing to provide brokerage, execution and settlement services. Founded in 2019, FooClearing is a liquidity provider. Foo Global Markets(V) Limited claimed to be registered in Govant Building, Kulum highway, Port Vila Vanuatu, is a financial derivatives trading broker, authorized and supervised by the Vanuatu Financial Supervision Authority (VFSC), the supervision number is 700455; and also Foo Global Markets Limited is registered at 71-75 Shelton Street London WC2H 9JQ, with registration number 13029977, and is subject to US MSB supervision, supervision number: 31000188455141 but some reviews showed that it is under offshore regulations.

Market Instruments

Products available on offered at Foo Markets includes:

Global foreign exchange

The foreign exchange market provides traders with the opportunity to trade 24 hours a day, 5 days a week, in the world's most liquid financial market. Traders can take advantage of the smallest spreads among 60 currency pairs, excellent execution and deep inter-bank liquidity.

Precious metals

Foo Markets allows trading spot precious metals with 1:400 leverage, including gold against the US dollar or the euro, silver against the US dollar or the euro, and platinum or platinum against the US dollar.

Energy CFD

Foo Markets is able to trade USD-denominated spot energy contracts on MT4 and MT5 platforms, including crude oil, Brent and natural gas. As a spot product, trading energy contracts has many advantages for investors who are only interested in price speculation.

Global stock index CFD

Provide CFDs on more than 100 large-cap stocks and ETFs on the Australian Stock Exchange, the New York Stock Exchange and the Nasdaq Stock Exchange. They have selected a series of the most popular companies in the world and the most popular ETFs to give you the best trading opportunities.

Cryptocurrency

Unlike other asset classes (foreign exchange, stocks, commodities, etc.), the cryptocurrency market is dominated by retail speculators. To trade cryptocurrency, you will trade in a market where there is no central bank intervention, interbank dealers control the flow of orders, or huge pension funds that affect prices.

Accounts & Leverage

This broker offers three different trading accounts for traders to choose from;

Personal retail account

DD+STP clearing mode/millisecond transaction

• Minimum deposit amount: 500USD

• Minimum number of trading lots: 0.01 lots

• Maximum leverage: 1:400

• Maximum order quantity of account: unlimited

Professional VIP account

DD+STP clearing mode/0 handling fee

• Minimum deposit amount: 1000USD

• Professional low-spread trading environment

Naked Points/ECN Account

DD+STP settlement mode/lowest spread

• The minimum deposit amount: 5000USD

• Spreads start from 0.1 pips

Trade Size

Foo Markets has 0.01 as the minimum trading slots.

Spreads & Commissions

The spread is essentially the difference between the buying price and the selling price. Their feed comes from leading liquidity providers and banks. When checking the spread on the MetaTrader 4 platform, you can get feeds from up to 70 institutions. This variety allows us to provide industry-leading spreads as low as 0.0 pips on RAW ECN accounts and as low as 1.0 pips on standard STP accounts. Although the spreads of major currencies may be less than 1 pip during the liquidity period-the typical foreign exchange spreads are listed below.

Trading Platform Available

FooMarkets uses MetaTrader 5 and MetaTrader 4 as their trading platforms which are available for all versions, for Android, iPhone, Mac, Webtrader, and PC system/ windows. The FOO MT4 client platform helps you gain a competitive advantage in today's busy trading environment through real-time quotes, real-time charts, in-depth news and analysis, as well as multiple order management tools, indicators and expert-level trading guidance tools. Which is same as The MetaTrader 5.

Deposit & Withdrawal

To deposit funds into your trading account, Log in to the FooMarkets customer background, click Depcomplete

osit, follow the process steps to the deposit operation, in addition, in order to obtain a smoother service experience, we recommend customers to use Google Google browser or UC browser.

Customer Service

Foo Markets offers various means of communication for their customers to reach them when it comes to requesting assistance or complaints, they are available 24/7 to attend to their clients and they can be reached either Through their email or phone number; Asia: +852 60439571. Email: service@foofx.com

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FX1100542641
more than one year
The company's wikifx page seems reliable, but I found that their website does not work. And their regulatory license is an offshore license.
2022-12-06 18:27
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