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    Vanuatu Financial Services Commission

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    VFSC Suspicious Clone


    • Company Name:

      Glastrox Trade LTD..
    • Company Abbreviation:

    • Place of registration:

      FGMarketsMarshall Islands
    • Regulatory Status:

      Suspicious Clone
    • Customer Service Email Address:

    • Customer Service Phone Number:

      +61 283 174 987
    • Company summary

      BasicInformation&RegulatorofFGMarketsFGMarketsisadomainoperatedbyGlastroxTradeLtd.andisanSTPbroker.Theredoesn'tshowanyregulation-relatedinformationonitsofficialwebsite,whichmeansFGMarketsisanunregulatedbroker.SafetyAnalysisofFGMarketsThemostimportantfactorinmeasuringthesafetyofaforeignexchangetradingplatformiswhetheritisregulatedbyformalregulators.FGMarketsisanunregulatedbroker,whichmeansthatinvestors'tradingactivitiesandfundsafetycannotbeeffectivelyprotected.InvestorsshouldpayattentiontoavoidtheFGMarketsbrokerage.MarketInstrumentsInvestorscantradeforeignexchangecurrencypairs,indices,stocks,commodities,andbondsthroughFGMarketsforeignexchangetradingplatform.Accounts&LeverageofFGMarketsFGMarketsprovidesinvestorswiththreedifferentkindsofaccounts,whichareLiveAccounts,LivePremiumAccounts,andDemoAccounts.InvestorswithLiveAccountscanenjoy24/5customerserviceanddepositandwithdrawforeigncurrencycashquicklyandreliably.TradersinLivePremiumAccountshaveaccesstotheaboveservicesandpersonaltradingexpertswhoarealwaysavailabletohelpinvestorswiththeirinvestmentportfolios.DemoAccountsareforbeginnersonlytogetacquaintedwiththefinancialmarkettradingenvironmentandtradingstrategies.Thetradingleverageis1:500forForexcurrencypairs,1:25forstocks,1:100forbonds,1:100forcommodities,1:50fornaturalgas,and1:50forindices.CommissionsofFGMarketsThecommissionforForextradingis10USD(perside)perlotandforcommoditiestradingis10USD(perside)perlot.ThecommissionfortradingsoybeansisUSD100(perside)perlot.Thecommissionfortradingstocksis$5(perside)perlot,fortradingbonds$10(perside)perlot,andfortradingindices$25(perside)perlot.TradingPlatformAvailableFGMarketsprovidestraderswithtradingplatformsforAndroid&iOSsystems,thewidelyacclaimedMT4tradingplatforminthemarket,andaweb-basedtradingplatformtomeetawiderangeoftraders'needs,allowingtraderstotradeeasilyanytimeandanywhere.DepositandWithdrawalofFGMarketsFGMarketswelcomestraderstodepositandwithdrawfundsviaVISA&MASTERCARDcredit/debitcardsandwiretransfer.Theminimumdepositis100USD/EUR/GBP.Ittakesabout24hoursforcredit/debitcardstobecreditedandabout1-2workingdaysforwiretransferdepositstobeprocessed. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Warning: Low score, please stay away!

    Previous Detection: 2021.09.25 Risk: 3 Item

    • It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
    • The VanuatuVFSC regulatory (license number: 17921) claimed by this broker is a suspicious clone, please be aware of the risk!
    • The VanuatuVFSC regulatory with license number: 17921 is an offshore regulatory, please be aware of the risk!

    WikiFX Verification

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    Last Updated Time 2021-09
    Vanuatu Financial Services Commission

    Vanuatu Financial Services Commission (VFSC)

    The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.

    • Licensed Institution :

      Five Circles Ltd Company

      Effective Date :

    • Email Address of Licensed Institution :


      License Type:

      No Sharing
    • Website of Licensed Institution :


      Expiry Date :

    • Address of Licensed Institution :


      Phone Number of Licensed Institution :

    • Licensed Institution Certified Documents :

      FGMarkets VFSC牌照 View Certified Documents Five Circles VFSC 20200306 View Certified Documents

    FGMarkets · MT4/5

    Identification Result

      FGMarkets · Website

      Most visited countries/areas

          No content

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          FGMarkets· Genealogy

          FGMarkets · Clones

          FGMarkets · Market Analysis

          The data are from WIKI Research    2021.09.26 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          FGMarkets · Survey×




          Alternate Text

          Data Sources WikiResearch 2021.09.26 Update


          Data Sources WikiResearch 2021.09.26 Update

          FGMarkets · Chart

          Insufficient data samples

          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
          Data provided by WikiFX Data

          Insufficient data samples,Browsing is not supported temporarily

          Alternate Text

          Data Sources WikiResearch 2021.09.26 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          * Contact number
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
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          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

          FGMarkets · Company summary

            Basic Information & Regulator of FGMarkets

            FGMarkets is a domain operated by Glastrox Trade Ltd. and is an STP broker. There doesn't show any regulation-related information on its official website, which means FGMarkets is an unregulated broker.

            Safety Analysis of FGMarkets

            The most important factor in measuring the safety of a foreign exchange trading platform is whether it is regulated by formal regulators. FGMarkets is an unregulated broker, which means that investors' trading activities and fund safety cannot be effectively protected. Investors should pay attention to avoid the FGMarkets brokerage.

            Market Instruments

            Investors can trade foreign exchange currency pairs, indices, stocks, commodities, and bonds through FGMarkets foreign exchange trading platform.

            Accounts & Leverage of FGMarkets

            FGMarkets provides investors with three different kinds of accounts, which are Live Accounts, Live Premium Accounts, and Demo Accounts. Investors with Live Accounts can enjoy 24/5 customer service and deposit and withdraw foreign currency cash quickly and reliably. Traders in Live Premium Accounts have access to the above services and personal trading experts who are always available to help investors with their investment portfolios. Demo Accounts are for beginners only to get acquainted with the financial market trading environment and trading strategies. The trading leverage is 1:500 for Forex currency pairs, 1:25 for stocks, 1:100 for bonds, 1:100 for commodities, 1:50 for natural gas, and 1:50 for indices.

            Commissions of FGMarkets

            The commission for Forex trading is 10 USD (per side) per lot and for commodities trading is 10 USD (per side) per lot. The commission for trading soybeans is USD 100 (per side) per lot. The commission for trading stocks is $5 (per side) per lot, for trading bonds $10 (per side) per lot, and for trading indices $25 (per side) per lot.

            Trading Platform Available

            FGMarkets provides traders with trading platforms for Android & iOS systems, the widely acclaimed MT4 trading platform in the market, and a web-based trading platform to meet a wide range of traders' needs, allowing traders to trade easily anytime and anywhere.

            Deposit and Withdrawal of FGMarkets

            FGMarkets welcomes traders to deposit and withdraw funds via VISA & MASTERCARD credit/debit cards and wire transfer. The minimum deposit is 100 USD/ EUR/ GBP. It takes about 24 hours for credit/debit cards to be credited and about 1-2 working days for wire transfer deposits to be processed.

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          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.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.