Finmark FX is a St. Vincent and the Grenadines registered Forex and CFD trader, owned and operated by Finmark Ltd and is currently unregulated.

Note: FinmarkFX's official website - https://finmarkfx.com/ is currently inaccessible normally.

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

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?

Account Type

FinmarkFX offers its clients three live account types – Standard, Plus & Pro. Trading in CFDs is offered on Plus & Pro accounts only.

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

Deposit and Withdrawal

FinmarkFX accepts via payments via credit cards, bank wire transfers, and Skrill.