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The data are from WIKI Research 2021.05.12 updated
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Basic Information & Regulators of FXQM
FXQM is the operating name of QM Group Ltd, a Seychelles registered Forex and CFD broker. FXQM is licensed by the Seychelles International Business Company (IBC).
Safety Analysis of FXQM
IBC in Seychelles cannot be considered as a regulatory body. The IBC has relatively simple requirements in terms of company registration, operation, and taxation and requires less information from brokers. To be precise, FXQM is currently unregulated, which means that the safety of customers' funds cannot be protected. Investors should be careful to stay away from the FXQM forex broker.
FXQM's official website does not mention available financial instruments. However, from EURUSD spreads showing on its website page, traders may trade forex on this platform.
Leverage & Accounts of FXQM
FXQM offers traders ECN Accounts (minimum deposit of $100) and Premium Accounts (minimum deposit of $10). ECN accounts have trading leverage of 1:500, and the Premium Accounts have trading leverage of 1:1000. The ECN account is entitled to a rebate of up to $2 per lot, and the Premium Account is entitled to a 10% deposit bonus.
Spreads & Commissions of FXQM
EURUSD spreads are 0.3 pips, and clients can trade with a commission of $0.03 per lot. GBPJPY spread is 2.0 pips, and the trading rebate is $2 per lot. Additionally, FXQM also introduced a 30% deposit bonus, something like, if traders deposit $10, they can get a bonus of $3.
Trading Platform Available of FXQM
FXQM offers the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Mac OS, MT4 Windows, and MT4 desktop versions for traders to choose flexibly. MT4 trading platform is currently the ideal trading platform for Forex and CFDs, with a user-friendly interface, supporting one-click trading, 100% fully customizable, and available for automated trading, allowing traders to trade with ease.
Deposit and Withdrawal
FXQM's official website shows that the only way to deposit and withdraw funds is through wire transfers, and there is no mention of deposit and withdrawal fees.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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