FRCM--Overview of Minimum Deposit, Spreads & Leverage

WikiFX

| 2022-02-18 13:38

Abstract：FRCM is supposedly one of the investment corporations, which allegedly registered in the United Kingdom with its correct address not disclosed.

General Information& Regulation

FRCM is supposedly one of the investment corporations, which allegedly registered in the United Kingdom with its correct address not disclosed.

Market Instruments

FRCM offers a plethora of available assets including forex, commodities, indices, stocks, cryptocurrencies.

Accounts & Leverage

FRCM provides an array of accounts, involving Silver account, Gold account, Platinum account, Diamond account, and VIP account endowed different deposits and leverages. As for the account, the minimum deposit goes from high to low based on the account. However, traders could have different leverage in choosing some of these accounts, for instance, the Silver accounts leverage is 1:20, while the VIP account is up to 1:150.

Spreads & Commissions

FRCM has not been offering any detailed information on spreads and the commissions yet.

Trading Platform

Clients are allowed to trade on browser-based platforms with basic features and instrument tools.

Deposit & Withdrawal

Payment methods are available for bank wire, popular e-Wallets, and major credit/debit cards. However, worth mentioning, in this case, is that clients are required to trade the amount of it at least 40 times to withdraw the funds in their account.

Customer Support

The support team is at your assistant with the best possible solutions to the clients' doubts, so please make a phone call at 44124390006 or e-mail at support@financereserves.com.

Risk Warning

Forex and stocks are leveraged products and involve a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

Leverage Dealer Broker Currency Pair Forex trading Forex Broker

The WikiFX 2024 Annual User Report is here! Come and claim your exclusive identity!

Looking back at the past year, Whether it’s checking the credibility of brokers or browsing the latest forex news, WikiFX has become your indispensable and reliable assistant.

Original 2024-12-30 13:50

Trading is an Endless Journey

Every trader dreams of quick success, but rushing the process often leads to mistakes. It’s easy to get swept up in the excitement of winning trades or discouraged by unexpected losses. The truth is, mastering the emotional side of trading can be even more important than understanding market analysis or strategies.

Original 2024-12-28 08:00

How to Know if the Market is Correcting or Reversing?

In trading, distinguishing between a market correction and a market reversal is crucial for making sound decisions. Misjudging one for the other can lead to missed opportunities or significant losses. While both involve price movements, their causes, duration, and implications differ substantially. Understanding these differences can help traders improve their strategies and adapt to market conditions effectively.

Original 2024-12-27 18:10

Empowering the Next Generation in Finance with WikiFX: Gen Z’s Investment Journey

With a steadfast commitment to fostering sustainable financial literacy and providing clear, strategic guidance to the next generation, WikiFX has collaborated with Van Lang University and Hoa Sen University to host an exclusive series of financial education workshops. This marks a pioneering initiative by WikiFX in Vietnam, designed not only to deliver foundational knowledge but also to instill a sense of responsibility and cultivate prudent financial decision-making among aspiring young traders.

Original 2024-12-27 17:11