Fizmo Fx Markets Review

WikiFX | 2025-05-28 11:13

Abstract：　　Operating without regulatory control, Fizmo FX Markets is a Saint Lucia-registered broker started in 2024. For trading cryptocurrencies, commodities, indices, and foreign exchange, it provides MetaTrader 5. Although it has a cheap $10 minimum deposit and variable leverage up to 1:500, the lack of openness about fees and regulation can worry some traders.

Fizmo Fx Markets Review Summary
Founded	2024
Registered Country/Region	Saint Lucia
Regulation	No regulation
Market Instruments	Forex, Commodities, Indices, Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:500
Spread	From 1.0 pips (Standard account)
Trading Platform	MT5 (MetaTrader 5)
Minimum Deposit	$10
Customer Support	WhatsApp
	Phone: +44 7759 046727
	Email: support@fizmomarkets.com

Fizmo Fx Markets Information

Operating without regulatory control, Fizmo FX Markets is a Saint Lucia-registered broker started in 2024. For trading cryptocurrencies, commodities, indices, and foreign exchange, it provides MetaTrader 5. Although it has a cheap $10 minimum deposit and variable leverage up to 1:500, the lack of openness about fees and regulation can worry some traders.

Pros and Cons

Pros	Cons
Supports MT5	No regulation
Accepts multiple crypto and fiat payment methods	No Islamic (swap-free) account
Low minimum deposit and commission-free Standard account
Demo accounts available

Is Fizmo Fx Markets Legit?

Fizmo FX Markets is unregulated. Fizmo FX Markets is not licensed by the FCA (UK), ASIC (Australia), CySEC (Cyprus), or NFA (US) while being registered in Saint Lucia, which does not regulate forex or CFD trading enterprises.

The domain fizmofxmarkets.com was registered on April 19, 2024, and last updated on February 11, 2025. It expires on April 19, 2027. Client delete, renew, transfer, and update are banned.

What Can I Trade on Fizmo Fx Markets?

Fizmo FX Markets offers trading across four main asset classes, including forex, commodities, indices, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌
Futures	❌

Account Type

Fizmo FX Markets offers three types of live trading accounts—Standard, Pro, and ECN—each catering to different levels of trader experience and trading style. The broker provides demo accounts for practice, but does not mention Islamic (swap-free) accounts.

Account Type	Minimum Deposit	Leverage	Spread from	Commission	Suitable for
Standard	$10	Up to 1:500	1.0 pips	❌	Beginners and general traders
Pro	$300		1.0 pips	❌	More active or intermediate users
ECN	$500		0.1 pips	Up to $7 per lot per side	Advanced and high-volume traders
Demo Account	-	-	-	-	Practice and testing

Leverage

Fizmo FX Markets offers leverage up to 1:500 across all account types (Standard, Pro, and ECN). This high leverage allows traders to control large positions with a small amount of capital, potentially increasing returns.

Fizmo Fx Markets Fees

Fizmo FX Markets offers moderate to low trading fees. It promotes commission-free trading on Standard and Pro accounts, while the ECN account includes a typical commission structure and tighter spreads. Swap fees (overnight charges) are not clearly disclosed on the website, which may affect transparency.

Account Type	Spread from	Commission
Standard	1.0 pips	❌
Pro	1.0 pips	❌
ECN	0.1 pips	Up to $7 per lot per side

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows, macOS, Android, iOS	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

Fizmo FX Markets supports several deposit and withdrawal methods, including Visa, MasterCard, bank transfers, and major cryptocurrencies such as Bitcoin, Ethereum, USDT, Solana, and Ripple.