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No Regulation
Score
1.53 /10
Danger
Fing Markets
5-10 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.12
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
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-10
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
General Information & Regulation
Fing Markets is a St. Vincent and the Grenadines registered Forex and CFD broker founded in 2017 and is not currently subject to any effective regulation.
Market Instruments
Fing Markets offers investors a smaller range of financial instruments than other brokers, mainly Forex currency pairs, commodities, and stocks.
Minimum Deposit
Fing Markets offers three different types of trading accounts for investors to choose from. These three account types are Beginner (minimum deposit of $1000), Fing Trader (minimum deposit of $5,000), and VIP accounts (minimum deposit of $30,000).
Fing Markets Leverage
When it comes to trading leverage, it differs depending on different trading accounts. The trading leverage is up to 1:500 for the beginner account and 1:100 for the Fing Trader and VIP accounts.
Spreads & Commissions
Spreads start from as low as 3 pips for the Beginner account and 2 pips for the Fing Trader account, with both accounts commission-free, while the spreads for the VIP account start from 0.5 pips and the commission is $5 per lot. We have to admit that the spreads on the Fing Markets platform are higher than on many other brokers.
Trading Platform
Fing Markets offers traders the most popular MT4 trading platform available today, as well as MT4 desktop and MT4 web, iOS, and Android versions. MT4 trading platform is a highly recognized forex trading platform in the industry, with excellent charting tools, as well as several custom indicators that help traders to develop suitable trading strategies and help traders get ahead on financial markets.
Deposit and Withdrawal
Fing Markets supports traders to deposit and withdraw funds from their investment accounts via VISA, MasterCard, Wire Transfer, NETELLER, Skrill, Bitcoin Transfer, and 2C0.
Pros & Cons of Fing Markets
The main advantages of Fing Markets are:
1. Three accounts available
2. MT4 trading platform
The main disadvantages of Fing Markets:
1. Not subject to any regulation
2. High account deposit
3. High spreads
4. No demo accounts offered
5. Low variety of trading instruments
6. Lack of educational resources
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