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Basic Information & Regulation
Fing Markets is a St. Vincent and the Grenadines registered Forex and CFD broker founded in 2017 and is not currently subject to any effective regulation.
Safety Analysis of Fing Markets
Fing Markets is currently an unregulated broker, which means that investors' fund safety and trading activities on the Fing Markets platform are not protected compared to those regulated by Tier 1 regulators, such as the FCA in UK and CySEC in Cyprus. Therefore, investors are advised to stay away from the Fing Markets brokerage firm.
Fing Markets offers investors a smaller range of financial instruments than other brokers, mainly Forex currency pairs, commodities, and stocks.
Accounts & Leverage of Fing Markets
Fing Markets offers three different types of trading accounts for investors to choose from. These three account types are Beginner (minimum deposit of $1000), Fing Trader (minimum deposit of $5,000), and VIP (minimum deposit of $30,000). The trading leverage is up to 1:500 for the beginner account and 1:100 for the Fing Trader and VIP accounts.
Spreads & Commissions of Fing Markets
Spreads start from as low as 3 pips for the Newbie account and 2 pips for the Fing Trader account, with both accounts commission-free, while the spreads for the VIP account start from 0.5 pips and the commission is $5 per lot. We have to admit that the spreads on the Fing Markets platform are higher than on many other brokers.
Trading Platform Available of Fing Markets
Fing Markets offers traders the most popular MT4 trading platform available today, as well as MT4 desktop and MT4 web, iOS, and Android versions. MT4 trading platform is a highly recognized forex trading platform in the industry, with excellent charting tools, as well as several custom indicators that help traders to develop suitable trading strategies and help traders get ahead on financial markets.
Deposit and Withdrawal
Fing Markets supports traders to deposit and withdraw funds from their investment accounts via VISA, MasterCard, Wire Transfer, NETELLER, Skrill, Bitcoin Transfer, and 2C0.
Pros & Cons of Fing Markets
The main advantages of Fing Markets are:
1. Three accounts available
2. MT4 trading platform
The main disadvantages of Fing Markets:
1. Not subject to any regulation
2. High account deposit
3. High spreads
4. No demo accounts offered
5. Low variety of trading instruments
6. Lack of educational resources
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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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