Basic Information & Regulators
FWT Markets is a Forex and CFD broker based in South Africa and is not currently subject to any active regulation.
Safety Analysis of FWT Markets
FWT Markets is currently an unregulated broker, which means that investors' trading activities and funds are not protected on the FWT Markets platform compared to those regulated by stringent regulations such as the FCA in the UK and CySEC in Cyprus. Therefore, investors should be careful to stay away from this FWT Markets Forex broker.
Market Instruments
FWT Markets offers investors a wide range of trading instruments, including over 50 pairs of Forex currency pairs, as well as 11 indices CFDs, gold, silver, and oil.
Accounts & Leverage of FWT Markets
To meet the investment needs of investors with different expertise, FWT Markets offers three different trading accounts: Mini (minimum deposit of $100), Standard (minimum deposit of $150), and ECN (minimum deposit of $500). Mini accounts have the leverage of up to 1:500, and ECN accounts have the leverage of 1:200.
Spreads & Commissions of FWT Markets
Spreads start at 2.5 pips for Mini accounts and 2.5 pips for Standard accounts, with no commission, while ECN accounts come with raw spreads and a commission of $3 per lot.
Trading Platform Available
FWT Markets provides traders with the most advanced MT5 trading platform available, but this MT5 is provided by a third-party company.
Deposit and Withdrawal of FWT Markets
FWT Markets supports traders to deposit and withdraw funds to and from their accounts through a range of convenient methods such as VISA, MasterCard, NETELLER, Skrill, and wire transfer.
Pros & Cons of FWT Markets
The main advantages of FWT Markets:
1. Wide range of currency pairs and CFD products
2. Low accounts deposit
3. Three types of accounts available
The main disadvantages of FWT Markets:
1. Not subject to any regulation
2. Third-party provided MT4 software
3. High spreads on mini and standard accounts
4. Fewer options to withdraw and deposit funds
5. No demo accounts offered
2023-03-01 14:22
