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Marshall Islands|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|


Rating Index

MT4/5 Identification


Full License

FiveCircles-Demo Server

Czech Republic



Influence index NO.1

Germany 2.95

MT4/5 Identification

MT4/5 Identification

Full License

Server Name
FiveCircles-Demo Server MT4
Server Location Czech Republic




Influence index NO.1

Germany 2.95

Surpassed 56.58% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index


+61 283 174 987
Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960


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

Single Core



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Contact number


+61 283 174 987

Broker Information


Company Name

Glastrox Trade LTD..

Company Abbreviation

Platform registered country and region

Marshall Islands

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 3
Previous Detection : 2023-12-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 17921) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Expose · Company Summary

general information and regulation of

FGMarkets.comis a domain operated by glastrox trade ltd., and is licensed under the marshall islands business corporation act with number 91438.

In the following article, we will analyze the characteristics of this merchant in all its dimensions, offering you easy and well-organized information. If you're interested, read on. Reading this article will take you approximately 5 minutes.

At the end of the article, we will also briefly extract the most significant advantages and disadvantages so that you can get an idea of ​​the broker's features at a glance.

información general

market instruments

currency pairs, indices, raw materials, metals, energies, stocks, bonds… gives its clients access to a massive trading market. So beginners and sophisticated alike could find what they want to trade on. . but cryptocurrencies are not available here.


spreads and commissions to trade with

FGMarkets.comIt doesn't give much information about the spreads, but it does offer a table of commissions, and we note that the commission is 10 usd for currency pairs.

these costs should be considered together and not chosen in isolation, and if you want to trade with We recommend that you take some time to calculate these trading costs.


trading accounts available at

demo account: It offers a demo account for you to try a little on the financial market without the risk of losing money.

real account: it has two types of real account: live account and live premium account. the minimum deposit amount to open an account with fgmarkets is $/€/£100. Well, we must admit that the table of account types does not reflect much the differences between them.


trading platform that offers

Even though a lot of time has passed since the launch of MT4 and the subsequent upgrade to MT5, MT4 is still a major player in the market and is loved by traders all over the world. Access from different devices also makes trading easier for users.


Leverage monximo of

on the website of We did not find information regarding commercial leverage. There are forex brokers that offer leverage up to 1:500, but new users are advised to trade with caution with such large leverages.

Deposit and Withdrawal: methods and fees

FGMarkets accepts a wide variety of payment options, such as credit/debit card and bank transfers, but it does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc.

education in

there is no education section on the website of and many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries to provide some basic knowledge on trading.

customer service of

Here are more details about customer service

Languages: English, Spanish, Arabic, Portuguese, Vietnamese, Czech

Service hours: 24/5

Address: MH 96960, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands

Telephone: +61 283 174 987

email: support@

Social networks: Facebook, Instagram, LinkedIn, YouTube, Twitter


complaints against that we have received in wikifx

On our website, you can see that scams have already been reported by a user. Please pay attention and be prudent when investing. You can check our platform to find out before trading, and if you have discovered such a fraudulent broker or have been a victim of one, we would appreciate if you let us know in the Exposure section and our team of experts will do everything possible to solve the problem. for you.


pros and cons of


  • l MT4

  • l demo account


  • you complain

  • l lack of effective regulation

  • the lack of information

  • l Few deposit and withdrawal methods

  • there is no MT5

  • l no islamic accounts

  • l not educational resources

  • l no hay copy trading.

frequently asked questions about

what charges commissions?

the commission of it is about $10 per lot, depending on the product and the account. you can find more information on their website.

Does this broker offer demo accounts?

of course. like most brokers, offers demo accounts where you can try trading without risk.

Does this broker offer MT4/MT5?

FGMarkets.comIt only offers mt4, not mt5.

User Reviews

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Aiden Leow
more than one year
Their trading platform was just plain bad - it was slow and glitchy. And don't even get me started on their signals. Every signal I received from them was just awful - I never managed to get a good price execution because of how poor their recommendations were.But that's not even the worst part. Their customer service was absolutely terrible. The representatives were clearly not trained properly and were incredibly unprofessional, which just added insult to injury.
2023-03-30 11:05
more than one year
The commission is simply too high! Forex trading costs $10 per lot per side. After many years in foreign exchange trading, this is the first time I have seen such a high commission, almost catching up with the minimum deposit amount of many traders. I don’t recommend this broker.
2022-11-29 09:52
more than one year
Don’t be lured by this broker’ advertisements, tight spreads, mt4, mt5 trading platform, they are simply attracting you to put your money here. I lost all my money to this scammer, $5,000 lost. Beware! Don’t fall prey to these cow boys.
2022-11-28 15:56
more than one year
So far I am satisfied with FGMarkets. The MT4 platform, trading instruments and other trading conditions it provides can meet my needs. However, it also has a serious downside for me: it does not have an onshore license, but is only regulated by the Vanuatu Financial Services Commission.
2022-11-21 18:15
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