Extracto:FXEM was incorporated in Mauritius in 2010. It is a broker that offers trading in forex as well as various CFDs, up to 90+ instruments. It supports trading through MT5 and has 4 other account types. At present, the broker is not subject to corresponding supervision.
FXEMReview Summary | |
Founded | 2010 |
Registered Country/Region | Mauritius |
Regulation | No Regulation |
Market Instruments | ForexPrecious metals CFDsIndices CFDsStocks CFDsEnergies CFDsCommodities CFDs |
Demo Account | ✅ |
Leverage | Up to 1:400 |
Spread | From 1 pip (King Account) |
Trading Platform | MT5Social Trading |
Min Deposit | $100 |
Customer Support | Email: info@fxem.comsupport@fxem.com |
Social Media: Facebook, Twitter, Instagram, Youtube | |
Physical Address: 10th Floor, Sterling Tower, 14 Poudrière St, Port Louis, Mauritius |
FXEM was incorporated in Mauritius in 2010. It is a broker that offers trading in forex as well as various CFDs, up to 90+ instruments. It supports trading through MT5 and has 4 other account types. At present, the broker is not subject to corresponding supervision.
Pros | Cons |
The spread starts at 0 | No Regulation |
The trading platform provided is MT5 | No payment method information is provided |
Some accounts are commission-free | |
Some accounts are exempt from swap fees |
FXEM, now unregulated, was registered on its website in 2010.
FXEM, offers 60+ global currency pairs,CFDs on stocks,commodities,CFDs on indices, precious metals CFDs including gold, silver, platinum, palladium.In addition, it also provides energiesCFDs trading and Commodities CFDs etc. It said it reached 90+ trading instruments.
Tradable Instruments | Supported |
Forex | ✔ |
Precious metals CFDs | ✔ |
Commodities CFDs | ✔ |
Indices CFDs | ✔ |
Stocks CFDs | ✔ |
Energies CFDs | ✔ |
Bonds | ❌ |
ETF | ❌ |
FXEM has 4 account types to choose from: King, Caesar, Emperor, Pharaoh.
Among them, the minimum deposit is $100 and the maximum leverage is 1:400.
Account Types | King | Caesar | Emperor | Pharaoh |
Currency 1 (USD) | Yes | Yes | Yes | Yes |
Currency 2 (EUR) | Yes | Yes | Yes | Yes |
Minimum Leverage | 1:1 | 1:1 | 1:1 | 1:1 |
Maximum Leverage | 1:400 | 1:400 | 1:400 | 1:400 |
Spread starting from | 1 pip | 0.7 | Zero | 1.6 pip |
Commission applied? | Zero | Zero | 3 USD | Zero |
Minimum Deposit | 100 | 500 | 1,000 | No |
Maximum Deposit | No | No | No | No |
Tired Margin Applied? | Yes | Yes | Yes | Yes |
Instruments | Full Range | Full Range | Full Range | Full Range |
Hedged margin | 50% | 50% | 50% | 100% |
Margin call | 100% | 100% | 100% | 120% |
Stop out | 50% | 50% | 50% | 100% |
Order execution | Market | Market | Market | Market |
Swap-free | Available | Available | Not Available | Available |
Minimum lot size | 0.01 | 0.01 | 0.01 | 0.01 |
Maximum lot size | As per the instrument Spics | As per the instrument Spics | As per the instrument Spics | As per the instrument Spics |
The spread of the four accounts ranges from 0 to 1.6. The Emperor account charges a commission of $3 and swap fees are charged. The remaining accounts do not charge commission and swap fees are waived.
The trading platforms offered by FXEM are MT5 and Social Trading. MT5 can be used on desktop, mobile, tablet and web.
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Desktop, Mobile, Tablet, Web | Skilled traders |
Social Trading | ✔ | - | - |
MT4 | ❌ |