Realfxm

General Information & Regulation

Realfxm, a trading name of RealFXM Ltd., presents itself as an STP broker founded in 2009 and registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 and variable spreads on the MT5 Web and MT5 Mobile trading platforms, as well as a choice of three different live account types. Here is the home page of this brokers official site:

As for regulation, it has been verified that Realfxm does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.44/10. Please be aware of the risk.

Market Instruments

Realfxm advertises that it offers access to a wide range of trading instruments in financial markets, including forex, metals, commodities and other CFDs.

Account Types

Apart from free demo accounts, Realfxm claims to offer three types of live trading accounts, namely X-Standard, X-Premium and X-Pro. The minimum initial deposit amount is $200 for the X-Standard account, while the other two account types have much higher minimum initial capital requirements of $5,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the X-Standard account can experience leverage of 1:200, while the X-Premium and X-Pro accounts can enjoy maximum leverage of 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Realfxm claims that the spread for different account types is different. For example, the X-Standard account has Standard spreads, the X-Premium account has Premium spreads and the X-Pro account has Pro spreads. However, no more specific information such as the value of spreads is revealed.

Trading Platform Available

Platforms available for trading at Realfxm are said to be the industry-standard MT5 Web and MT5 Mobile. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Realfxm says to work with Bank Wire transfer, credit/debit cards like Visa and MasterCard, and the popular e-wallet of Neteller. The minimum initial deposit requirement is said to be $200, while there is no mention of what the minimum withdrawal amount is. Withdrawal via international bank transfers may incur bank transfer charges of about $20 (depending on the country).

The broker says it tries its best to process the deposits swiftly but kindly note due to verification of deposit and high volumes of deposits it could take a few hours to reflect in your trading account. Also, it aims to process the withdrawals in a maximum of 7 working days, though in most cases clients receive the funds much earlier. The withdrawal processing time varies depending on the country and method since international bank wire transfers may take longer than local transfers.

Bonuses

Realfxm claims to offer bonuses for referring friends. Specifically, a bonus of $35 for the X-Standard account, $50 for the X-Premium account and $100 for the X-Pro account.

In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

Realfxms customer support can be reached by telephone: +44 1316189330, email: support@realfxm.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter and Facebook. Company address: C B C House Realfxm, 24 Canning St, Edinburgh EH3 8EG, United Kingdom.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.