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No Regulation
Score
1.54 /10
Danger
FinmarkFX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.22
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: FinmarkFX's official website - http://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.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
FinmarkFX accepts via payments via credit cards, bank wire transfers, and Skrill.
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