FMarketX-Overview of Minimum Deposit, Spreads & Leverage

Official Website Unavailable

Since FMarketXs website is inaccessible, we can only collect some information from other websites to get a rough idea of this forex broker.

General Information & Regulation

FMarketX is a newly established forex broker registered in Saint Vincent and the Grenadines, with the company behind it not disclosed.

Market Instruments

Trading instruments available on the platform are limited, only forex currency pairs, and commodities.

Account Types

There are three trading accounts on offer: A-Future, B-Grow, and E-Pro. Its basic account, that is A-Future, requires $250, in line with the industry standard. The other two accounts require much higher deposit requirements, $1,500 to open a B-Grow account and $10,000 to start an E-Pro account.

Leverage

The leverage offered by FMarketX is up to 200:1. Still, inexperienced traders are not advised to use too high leverage, for leverage can amplify gains and potential risks.

Spreads & Commissions

As for the trading conditions, the spreads on FX majors like EUR/USD are under 1 pip, while other instruments spreads are not disclosed yet.

Trading Platforms Available

FMarketX provides access to distribution of Metatrader 4 – unfortunately, one that is branded by another company entirely – FXtoAll.

Deposit & Withdrawal

FMarketX accepts deposits via credit cards and wire transfers – the latter is always final and ineligible for a chargeback. Withdrawals will be charged a transaction fee: 50.00 USD/GBP/EUR for a wire transfer; 25 USD/GBP/EUR for credit cards plus a processing fee of 10 USD/7EUR/5GBP. Not only will you pay at least $35 in fees, but you will also be hit with a 10% levy if you do not achieve an impossible turnover of 200 times your account balance.

Customer Support

FMarketX offers poor dedicated customer support, and they can be only reached through telephone: 447912576421. Company address: Beachmont Business Centre, Suite 107, Kingstown, St. Vincent, and the Grenadines.