FXPM

Note: FXPM's official website https://www.fxpmarkets.com is currently inaccessible normally.

FXPM was registered in 2016 in Marshall Islands. It uses MT4 as its trading platform, and it claims to offer trading services on indices, stocks, and commodities. Nevertheless, this company is not regulated, and its website is currently inaccessible.

Pros and Cons

Is FXPM Legit?

FXPM is not regulated by the financial services regulatory authority in Marshall Islands, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.

What Can I Trade on FXPM?

FXPM claims to offer products like indices, stocks, and commodities.

Account Type

There are 4 types of accounts available: Beginner, Silver, Gold, and VIP. Moreover, swap-free Islamic accounts are also available.

Leverage

For the Beginner Account, the leverage is up to 1:100. For other accounts, the leverage is capped at 1:500. High leverage may bring potential risks, so careful considerations are recommended.

Trading Platform

FXPM uses MT4 as its trading platform.

Deposit and Withdrawal

It is not clear whether fees are needed or not. Payment options only include Bank Transfer and Credit/Debit Cards.