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United Kingdom1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
|Risk Management Index||0.00|
No valid regulatory information, please be aware of the risk!
+44 141 628 8525
Platform registered country and region
Pyramid scheme complaint
Registered in United Kingdom, Future FXM is an online forex broker allegedly offering diversified range of more than 1,000 trading instruments, including Forex, Stocks, Commodities, Indices, and Cryptocurrency through the advanced MT4 trading platform. The maximum leverage that traders can use is up to 1:1000, and 24 x 7 customer support are available to solve investors trading-related problems.
Is Future FXM safe to trade with？
Future FXM has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.35 out of 10.
Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Before making any choice, investors are advised to check out a forex brokers regulatory status on WikiFX.
Future FXM boasts that it provides easy access to five classes of popular and mainstream financial instruments, including Forex, Shares Indices, Cryptocurrency, Commodities are all available through this brokerage platform.
Future FXM provides four tired trading accounts for both retail and professional traders: Standard, Premium, ECN Pro and Start VIP.
To open a Standard and Premium account, an acceptable minimum deposit of $100 is adequate, which sounds reasonable for most regular traders. If traders want to try out ECN Pro and Star VIP account, they need to fund at least $500 and $1,000, respectively.
Account currency is available in USD ONLY.
Spreads & Commissions
Spreads and commissions are set in the end by trading accounts on the Future FXM platform. The Standard and Premium accounts offers a commission-free trading environment, accompanied by wide spreads, from 2 pips and 1.6 pips, respectively. The ECN Pro and Start VIP accounts offer raw spreads from 0.0 pips, with commissions of $6 per lot and $16 per million USD Traded, respectively.
When it comes to leverage, Future FXM permits traders to use leverage of up to 1:1000, which is significantly higher than the levels regarded appropriate by many regulators.
Don't assume that high leverage is always beneficial; it can magnify both your wins and your losses.
Future FXM provides the advanced MetaTrader 5 trading platform that can be accessed on any device, web, desktop, mobile app. MT5 enables the user to add any symbols, configure its settings, import price date which helps in analyzing resulting charts. It also enables multiple pair everything you would like to s trade in the financial markets.
The MT5 is a powerful web-based platform that grants you access to the worldwide markets without the necessity to download or install any software. MT5 is a one-stop platform for trading forex, stocks, bonds and commodities.
The minimum deposit amount is $100 and the minimum withdrawal amount is $5. Future FXM allows its clients to make a deposit and withdrawal through Bitcoin, VISA, MasterCard, Wire Transfer, Neteller, Skrill.
This broker promises that it wont charge any services for deposit and withdrawal.
The Future FXM customer support is available 24/5. Traders can reach out to Future FXM about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +44 141 628 8525
Registered Company Address: 27, Old Gloucester Street, WC1N 3AX, London, United Kingdom
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
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