Fxmarketpundits

WikiFX | 2024-11-28 18:38

Abstract：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.

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

Fxmarketpundit Review Summary
Founded	2022
Registered Country/Region	Cyprus
Regulation	Not regulated
Market Instruments	Forex, Binary Options, CFDs
Demo Account	/
Leverage	Up to 1:1000
Spread	/
Trading Platform	Claims to support MT4 and MT5 (unverified and unconfigured)
Min Deposit	/
Customer Support	Address: 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 platforms	Not regulated
High leverage of 1:1000	Inaccessible 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.

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 Platform	Supported	Available Devices	Suitable for what kind of traders
MT4/MT5 (unverified)	❌	Not configured	Claims to support but does not provide access.
Binary Options Platform	✔	Web	Basic 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.