FEM

Assessing FEM's safety and reliability yields significant concerns. The firm operates without any recognized regulatory oversight, and its SkyEye total score of 1.57 reflects a severely elevated risk profile. According to WikiFX data, this score is attributed to a complete absence of regulatory supervision and registration in a region flagged for potential operational concerns. Client funds are not protected under standard compensation schemes, making this a high-risk entity.

No, FEM is not regulated. A detailed search of the WikiFX database confirms that First Equity Modaraba holds zero valid forex trading licenses from any authoritative financial regulator globally. The firm's license index score is 0.0, confirming it operates entirely without credible oversight.

Minimum deposit requirements for FEM are not currently publicly disclosed on its official channels or within the WikiFX database. The broker's account specifications, including initial funding amounts, are not explicitly listed.

Based on available platform information, FEM does not appear to offer support for the industry-standard MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. WikiFX assessment indicates a software index score of 4.0, which suggests limited trading platform offerings compared to major global brokers.