FinmarkFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-23 19:05

Abstract：FinmarkFX was registered in Saint Vincent and the Grenadines in 2015 and is not regulated. It offers CFD trading with leverage up to 1:400 and EUR/USD spread is from 0.2 pips on the MT4 platform. Demo accounts are available but the minimum deposit requirement is as high as $1,000.

　　Note: FinmarkFX's official website - https://finmarkfx.com/ is currently inaccessible normally.

FinmarkFXReview Summary
Founded	2015
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex currency pairs, CFDs
Demo Account	✅
Segregated accounts	❌
Leverage	Up to 1:400
EUR/USD Spread	From 0.2 pips
Trading Platform	MT4
Min Deposit	$1,000
Customer Support	Tel: +44 (0)2036084199
	Email: info@finmarkfx.com
	Facebook: https://www.facebook.com/finmarkFX/

　　FinmarkFX was registered in Saint Vincent and the Grenadines in 2015 and is not regulated. It offers CFD trading with leverage up to 1:400 and EUR/USD spread is from 0.2 pips on the MT4 platform. Demo accounts are available but the minimum deposit requirement is as high as $1,000.

Pros and Cons

Pros	Cons
Demo accounts	Unavailable website
Multiple account types	Uregulated
Tight spreads	Less variety of assets to trade
Support MT4	Commission charged
Popular payment options	High minimum deposit

Is FinmarkFX Legit?

　　No, FinmarkFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on FinmarkFX?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　FinmarkFX offers its clients three live account types – Standard, Plus & Pro. Trading in CFDs is offered on Plus & Pro accounts only.

Account Type	Min Deposit	Min Trade Size
Standard	$1,000	0.01
Plus	$5,000
Pro	$10,000

Leverage

　　FinmarkFX offers leverage up to 1:400 for all account types. 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.

Spread and Commission

　　The EUR/USD spread on the Finmark FX platform is at 0.2 pips only, which seems very attractive, and tested on demo accounts to know that the spread is indeed so. Additionally, there are no commissions, which is a low cost of trading that most brokers cannot afford, so it is most likely a trick to attract new investors.