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No valid regulatory information, please be aware of the risk!
|Regulated by||No effective regulation at this time|
|Year(s) of establishment||2-5 years|
|Trading instruments||Information not available|
|Minimum Initial Deposit||499 GBP|
|Maximum Leverage||Information not available|
|Minimum spread||Information not available|
|Trading platform||Information not available|
|Deposit and withdrawal method||Information not available|
|Customer Service||Email/phone number|
|Fraud Complaints Exposure||No for now|
Note: At this time, we only have a cursory look at FXM TRADERS as the company's official website (https://www.fxmtrading.com/ ) does not open properly.
Screenshot time: 02/02/2023
WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.
General information and regulations
FXM TRADERS is registered in the UK and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.
When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.
Account types offered by FXM TRADERS
FXM TRADERS offers a total of FXM TRADERS account types: basic, standard and premium. The minimum deposit to open an account is 499 GBP, 1,000 GBP and 3,000 GBP respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a basic account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
The support service provided by FXM TRADERS is not very extensive. It can only be accessed via email and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.
Below are the details about the customer service.
Phone Number: +5155988473
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Frequent asked questions about FXM TRADERS
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
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