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Score

1.40 /10
Danger

Fxmarketpundit

Cyprus

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://fxmarketpundit.com

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Score

Regulatory Index0.00

Business Index6.12

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2025-01-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Fxmarketpundit · Company summary

Note: Fxmarketpundits official website: https://fxmarketpundit.com is currently inaccessible normally.

Fxmarketpundit Review Summary
Founded2022
Registered Country/RegionCyprus
RegulationNot regulated
Market InstrumentsForex, Binary Options, CFDs
Demo Account/
LeverageUp to 1:1000
Spread/
Trading PlatformClaims to support MT4 and MT5 (unverified and unconfigured)
Min Deposit/
Customer SupportAddress: Vasilissis Street (Medieval Castle Area), Block B, 3rd floor, 3041 Limassol, Cyprus

Fxmarketpundit Information

Fxmarketpundit is an unregulated broker falsely claiming to be licensed in Cyprus. Its website lacks credibility and provides misleading information about its operations and services.

Pros and Cons

Pros Cons
Promises of MT4 and MT5 platformsNot regulated
High leverage of 1:1000Inaccessible official website
Wide range of market instruments claimed

Is Fxmarketpundit Legit?

Cyprus or respectable bodies like the FCA (UK) or ASIC (Australia) have no control over Fxmarketpundit. Its dubious assertions of control make it a dangerous financial investment broker.

Is Fxmarketpundit Legit?

What Can I Trade on Fxmarketpundit?

Fxmarketpundit promises to provide forex, bitcoin, and CFDs, but it lacks the required infrastructure or licencing to back up these assertions.

Tradable Instruments Supported
Forex✔
Commodities❌
Crypto✔
CFD✔
Indexes❌
Stock❌
ETF❌

Leverage

Leverage up to 1:1000 is available on Fxmarketpundit, which is much more than the restrictions imposed by licensed organisations. High leverage raises the possibility of enormous losses even while it also offers the possibility of large gains.

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MT4/MT5 (unverified)❌Not configuredClaims to support but does not provide access.
Binary Options Platform✔WebBasic menu for binary options, highly limited tools.

Deposit and Withdrawal

Although Fxmarketpundit says it accepts a variety of payment options, the majority of conventional ones (credit cards, bank transfers) reroute to Bitcoin. This affinity for cryptocurrencies comes with risks, as scammers often use them and the transactions are irreversible.

User Reviews

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dgsrg
more than one year
My money got stuck with Fxmarketpundit, and I'm feeling stuck too. Anyone else been through this? Need help getting my funds back – open to any advice or suggestions. Not loving the experience with Fxmarketpundit right now.
My money got stuck with Fxmarketpundit, and I'm feeling stuck too. Anyone else been through this? Need help getting my funds back – open to any advice or suggestions. Not loving the experience with Fxmarketpundit right now.
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2023-12-20 21:38
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谦仔Sanvy
more than one year
Fxmarketpundit's website looks professional, but it doesn't have any information in terms of regulatory licenses. I figured that if a company was heavily regulated, it would be prominently displayed on the website.
Fxmarketpundit's website looks professional, but it doesn't have any information in terms of regulatory licenses. I figured that if a company was heavily regulated, it would be prominently displayed on the website.
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2023-03-08 10:02
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