FGS MARKETS

General Information & Regulation

FGS Markets is a forex and CFD broker, owned and operated by Preseplio Limited, a company based in Cyprus. Unfortunately, neither the broker nor the company behind it are regulated by the local Cyprus Securities and Exchange Commission (CySEC). So, FGS Market is an unregulated broker, unsafe to trade with.

Markets Instruments

FGS Markets says they are offering over 45 currency pairs, as well as CFDs on over 60 indices, bonds, stocks, various commodities, precious metals and even crypto coins like Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.

Minimum Deposit

The usual minimum deposit requirement with most brokers is about 250 USD, but some big players even does not have a minimum deposit requirement at all. Unfortunately, FGS Markets does not disclose what is their minimum deposit requirement.

Leverage

The maximum trading leverage is up to 1:200, below the forex industry. However, since leverage can amplify returns as well as losses, inexperienced traders are not advised to use too high leverage, especially trading with an unregulated broker.

Spreads & Commissions

As tested with a demo account the benchmark EURUSD spread fluctuated between 1,8 pips and 2 pips and that, we should say, is a bit higher than what traders would usually expect with a standard account. Have in mind that attractive spreads start below 1,5 pips.

Trading Platform

When it comes to trading platform available, the presence of MetaTrader4 has always been good news. The platform is well known to most traders and features various charting tools and over 50 in-build market indicators. It also supports the option to run automated trading sessions with the help of specially designed trading robots or Expert Advisors, which, by the way, can be easily modified on a proprietary editor.

Deposit& Withdrawal

Most brokers accept payments with major credit or debit cards like VISA and MasterCard, popular e-wallets like Netellerand Skrill and a wire transfer. Unfortunately, FGS Markets does not say in their presentation what payment methods do they accept.