Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

FinCryptoMarket

China|1-2 years|
Suspicious Scope of Business|High potential risk|

https://fincryptomarket.com/

Website

Rating Index

Contact

https://fincryptomarket.com/

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

Open Now

Contact number

Broker Information

More

Company Name

FinCryptoMarket

Company Abbreviation

FinCryptoMarket

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-06-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FinCryptoMarket · WikiFX Survey

Users who viewed FinCryptoMarket also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GMI

7.47
Score
5-10 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

Exness

8.38
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FinCryptoMarket · Company Summary

Aspect Information
Registered Country/Area China
Company Name FinCryptoMarket
Regulation Not regulated
Minimum Deposit €5,000 - €250,000 (varies by account)
Maximum Leverage Up to 1:200
Spreads Varies by account type
Trading Platforms MetaTrader 4 (MT4)
Tradable Assets Forex, Cryptocurrency
Account Types Presidential, Executive, Platinum, Premium, Green
Customer Support Limited information provided
Payment Methods Bank Transfer, Credit Card, Cryptocurrency
Educational Tools Limited information provided

Overview

FinCryptoMarket, based in China, operates without regulation, raising concerns about the lack of investor protection and oversight. The broker offers a range of account types with varying minimum deposits from €5,000 to €250,000, potentially limiting accessibility for some traders. While the maximum leverage goes up to 1:200, the spreads vary by account type, and the lack of specific information about regulation and educational resources raises questions about transparency and client support.

The limited details provided about customer support and educational tools further exacerbate the uncertainty surrounding the broker. Additionally, the reported issues with the website being down add to the negative outlook, potentially causing disruptions in trading activities. Traders should exercise caution and consider alternative options that offer more comprehensive services and regulatory oversight.

basic-info

Regulation

FinCryptoMarket operates without government or financial regulatory oversight, which means it lacks legal oversight, investor protection, and may pose increased risks to investors.

regulation

Pros and Cons

FinCryptoMarket operates without regulatory oversight, which raises concerns about investor protection and transparency. The broker offers a range of account types with varying minimum deposits, potentially limiting accessibility for traders. The maximum leverage of 1:200 provides opportunities for amplified positions, but it also comes with increased risks. Spreads vary by account type, and the lack of specific information about regulation and educational resources raises questions about transparency and client support. Customer support and educational tools are limited, adding to the uncertainty surrounding the broker. Reported issues with the website being down may disrupt trading activities. Traders should exercise caution and consider alternatives with more comprehensive services and regulatory oversight.

Pros Cons
  • Offers a variety of account types
  • Operates without regulatory oversight
  • Provides opportunities for leveraged trading
  • Varying minimum deposits may limit accessibility
  • Access to forex and cryptocurrency markets
  • Lack of transparency in regulation status
  • MetaTrader 4 trading platform
  • Limited information on spreads and commissions
  • Multiple deposit and withdrawal methods
  • Limited customer support and educational resources
  • Reported issues with the website being down

Market Instruments

Market instruments in the context of FinCryptoMarket include two main categories: Forex (foreign exchange) and cryptocurrency.

  1. Forex (Foreign Exchange):

    1. Forex trading involves the exchange of one currency for another, commonly known as currency pairs.

    2. It's the largest and most liquid financial market globally, where participants speculate on the price movements of currency pairs like EUR/USD, GBP/JPY, etc.

    3. Traders aim to profit from fluctuations in exchange rates, either by buying a currency pair (going long) or selling it (going short).

    4. products
  2. Cryptocurrency:

    1. Cryptocurrencies are digital or virtual currencies that use cryptography for security.

    2. They are decentralized and typically operate on blockchain technology.

    3. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others are traded on various cryptocurrency exchanges.

    4. Traders in the crypto market aim to profit from price movements in cryptocurrencies, much like in traditional financial markets.

    5. products

In summary, FinCryptoMarket offers trading opportunities in both the traditional forex market and the emerging cryptocurrency market, allowing traders to speculate on the price movements of currency pairs and digital assets.

Account Types

Presidential Account:

The Presidential account offered by FinCryptoMarket is designed for high-net-worth individuals and experienced traders. It requires a substantial minimum deposit of €250,000. This account type boasts competitive spreads, ranging from 0.5 to 1 pip, which can be attractive to traders looking for tighter spreads. However, specific details about the maximum leverage, supported products, currency pairs, minimum position size, and deposit/withdrawal methods are not provided. Additionally, information regarding any associated commission fees is also missing. Given the high minimum deposit requirement, this account type appears to target sophisticated traders seeking favorable trading conditions.

Executive Account:

The Executive account is another offering by FinCryptoMarket tailored for traders with substantial financial resources. It requires a minimum deposit of €100,000, making it accessible to traders with a significant trading capital. This account type offers spreads in the range of 1 to 1.5 pips, which is relatively competitive. It also provides a maximum leverage of 1:200, allowing traders to potentially amplify their positions. However, important details like supported products, specific currency pairs, minimum position size, expert advisor (EA) support, depositing and withdrawal methods, as well as commission charges, are not provided in the available information.

Platinum Account:

The Platinum account is designed for traders seeking a balance between substantial capital and competitive trading conditions. With a minimum deposit requirement of €50,000, it is accessible to traders with moderate to high capital levels. The spreads for this account type range from 1.5 to 2 pips, providing a reasonable balance between cost and trading conditions. Similar to the previous accounts, specific information regarding maximum leverage, supported products, currency pairs, minimum position size, expert advisor (EA) compatibility, depositing and withdrawal methods, and commission rates is not available.

Premium Account:

The Premium account offered by FinCryptoMarket targets traders with a more moderate capital base. It requires a minimum deposit of €15,000, which is lower than the previous account types. The spreads for this account range from 2 to 2.5 pips, which may be less competitive but could be acceptable to traders looking for a more accessible entry point. As with the other accounts, details such as maximum leverage, supported products, specific currency pairs, minimum position size, EA support, deposit/withdrawal methods, and commission fees are not specified in the provided information.

Green Account:

The Green account is the most accessible account type offered by FinCryptoMarket, designed for traders with a relatively lower initial capital commitment. It requires a minimum deposit of €5,000, making it suitable for traders looking to start with a smaller investment. The spreads for this account type range from 2.5 to 3 pips, which may be less competitive but can be acceptable for traders with limited capital. Similar to the other accounts, critical details such as maximum leverage, supported products, specific currency pairs, minimum position size, expert advisor compatibility, depositing and withdrawal methods, and commission rates are not provided.

Leverage

leverage

A leverage of 1:200 means this broker allows traders to control positions up to 200 times the size of their own capital. It's a tool that amplifies both potential profits and risks, so traders should use it cautiously and employ risk management strategies to mitigate losses. Leverage ratios can vary between brokers and may be subject to regulatory limits to protect traders.

Spreads and Commissions

FinCryptoMarket offers competitive spreads and transparent commission structures to enhance the trading experience of its clients. The spreads vary depending on the chosen account type:

  • Presidential Account: Clients of the Presidential Account can benefit from tight spreads ranging from as low as 0.5 to 1 pip. FinCryptoMarket provides commission-free trading for Presidential Account holders, ensuring cost-efficiency for high-value trades.

  • Executive Account: The Executive Account offers spreads between 1 to 1.5 pips, striking a balance between cost-effectiveness and competitive pricing. This account type maintains a commission-free model, allowing traders to focus on their trading strategies.

  • Platinum Account: For Platinum Account clients, spreads range from 1.5 to 2 pips. Similar to other account types, FinCryptoMarket offers commission-free trading, ensuring that traders get the most value from their trading activities.

  • Premium Account: The Premium Account provides spreads of 2 to 2.5 pips, making it accessible for traders with a moderate capital base. As with other accounts offered by FinCryptoMarket, there are no additional commission charges associated with trading on this account.

  • Green Account: Novice traders looking to start can benefit from the Green Account, which offers spreads ranging from 2.5 to 3 pips. As with other accounts, there are no commissions for trading on this account.

Deposit & Withdrawal

FinCryptoMarket offers multiple methods for both depositing funds into your trading account and withdrawing your profits. These methods are designed to cater to a wide range of preferences and needs:

  1. Bank Transfer: Traders can easily fund their accounts or withdraw funds through traditional bank transfers. This method is secure and suitable for larger transactions. It allows you to transfer funds directly from your bank account to your trading account, ensuring smooth and reliable financial transactions.

  2. Credit Card: For added convenience, FinCryptoMarket accepts credit card payments for both deposits and withdrawals. This method is ideal for traders who prefer the speed and simplicity of card transactions. It allows you to fund your account instantly and withdraw your profits to your card when needed.

  3. Cryptocurrency: As the name suggests, FinCryptoMarket embraces the world of digital assets. You can deposit and withdraw funds using various cryptocurrencies, providing flexibility and accessibility to the crypto-savvy traders. This method ensures quick transfers and the security of blockchain technology.

Trading Platforms

FinCryptoMarket provides its clients with the MetaTrader 4 (MT4) trading platform, renowned for its user-friendliness and powerful tools. MT4 offers access to various financial instruments, including forex and cryptocurrencies, along with customizable charts, technical indicators, and expert advisors. Traders can rely on its stability and one-click trading for efficient order execution, making it a top choice for traders of all levels. Please verify the platform with FinCryptoMarket to ensure it suits your trading needs.

Customer Support & Educational Resources

FinCryptoMarket appears to offer limited customer support and educational resources, which may mean fewer assistance channels and fewer learning materials for traders. It's essential to consider your need for support and education when choosing this broker.

Summary

FinCryptoMarket, operating without regulatory oversight from its base in China, presents a series of concerning aspects. The broker offers a range of account types with substantial minimum deposits, potentially restricting accessibility for many traders. While the maximum leverage reaches 1:200, the lack of specific information about regulation, spreads, and educational resources raises transparency and support concerns. Limited details about customer support and educational tools further compound these uncertainties.

Moreover, reported issues with the website being down add to the negative outlook, potentially causing disruptions in trading activities. Traders are strongly advised to exercise caution and explore alternative options that provide more comprehensive services and regulatory compliance to ensure their financial security and peace of mind.

FAQs

Q1: Is FinCryptoMarket regulated by any financial authority?

A1: No, FinCryptoMarket operates without regulatory oversight, which means it lacks legal oversight and investor protection.

Q2: What is the minimum deposit required to open an account with FinCryptoMarket?

A2: The minimum deposit varies depending on the account type, ranging from €5,000 to €250,000.

Q3: What trading platforms are offered by FinCryptoMarket?

A3: FinCryptoMarket provides the MetaTrader 4 (MT4) trading platform, known for its user-friendliness and powerful tools.

Q4: Are there educational resources available for traders on the FinCryptoMarket platform?

A4: FinCryptoMarket appears to offer limited educational resources, so traders should consider their need for support and education when choosing this broker.

Q5: What are the deposit and withdrawal methods supported by FinCryptoMarket?

A5: FinCryptoMarket offers multiple methods, including bank transfer, credit card, and cryptocurrency, for both depositing funds and withdrawing profits from trading accounts.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

Anti Scammer Cyber Security
more than one year
FinCryptoMarket do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes. Don’t do business with them. They are crook. Lost a lot of money by these scammers.
2023-02-26 04:13
Reply
0
0
辉哥
more than one year
I have some terrific deals on this site and made tremendous profits. I recommend this to anyone who wants to get into trading no matter what you want to trade!
2023-02-22 16:06
1
0
0
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
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
Cooperation:fxeyevip@gmail.com