General Information & Regulation
FXTradingMarkets is owned and operated by a company called FxTrading Markets Limited, which has a contact address in the UK. Actually, FXTradingMarkets is not subject to any regulation. Please be aware of the risk.
Market Instruments
Tradable instruments available on the FXTradingMarkets platform include currency pairs, commodities, indices, stocks, as well as some crypto currencies.
Minimum Deposit
FXTradingMarkets offers a standard account for all investors, with its minimum initial deposit requirement not fully disclosed. Most brokers would make their account opening amount clear for their traders, around $1 to $200.
Leverage
In terms of trading leverage, FXTradingMarkets doesnt make this part clear. Since trading leverage can amplify gains as well as losses, traders should take care to use it.
Spreads & Commissions
No spreads and commissions related information is provided, even spreads on some major pairs. Unregulated brokers always hide their trading costs to scam investors.
Trading Platform Available
FXTradingMarkets is using a web trader as their preferred trading platform. A huge problem we noticed with their platform is lack of proper security features. Without DDoS and SSL Encryption, the platform becomes highly unstable.
Deposit & Withdrawal
When it comes to account funding, the website does not reveal the channels used. What this means is that the scam artists will wait for you to deposit funds in their personal bank account.
Customer Service
A huge problem with FXTradingMarkets is lack of a functioning live chat support team. The FXTradingMarkets customer support team can only be reached through emails.
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