FXMC -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

FXMC is a UK-registered forex and CFD broker，a trade brand owned by Markets Capital Ltd, with corporate information on its website minimal. There is zero evidence that FXMC is a regulated broker, so it is unsafe to trade with this broker.

Markets Instruments

FXMC advertises that it can offer a wide range of financial products, including currency pairs, indices, commodities, as well as cryptos.

Minimum Deposit

The entry level at FXMC is set at $100. We consider this to be fine. However, traders are still not advised to register real trading accounts here given the fact that FXMC is an unregulated broker.

Leverage

The maximum leverage at FXMC is 1:200, which should satisfy most traders. If you want to utilize even higher levels of gearing, you are probably too aggressive of a trader. This can lead to massive losses, especially if you have little experience in the market.

Spreads & Commissions

FXMC offers a choice between fixed and variable spreads, according to their website. The costs of trading start from 3 and 2.2 pips respectively. These levels are both not that competitive in todays environment.

Trading Platform Available

When it comes to trading platform available, what FXMC offers is not the widely used and industry recognized MT4 OR MT5 trading platform. And, FXMC does not make this part clear.

Deposit& Withdrawal

The payment options at FXMC cover a lot of ground. They feature Credit Cards, Skrill, Nereller, China Union Pay and CashU. At this point only the cryptocurrency purists are not accepted.