Brief information about FGMarkets company
FGMarkets is a broker specializing in forex and CFD markets. They invite their clients to “maximize profits.”
Among the trading instruments, FGMarkets offers currency pairs, CFDs on stocks, bonds, commodities, and indices. Additionally, the company provides services for direct investments, education, and assistance from a personal manager.
Information about FGMarkets company
Foundation date. The website FGMarkets.com is owned by Glastrox Trade Ltd. The exact start date of the broker’s operations is officially unknown, but it is presumed to have started in October 2015 or later.
Location. The company is registered in the Marshall Islands at Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. According to their claims, the broker’s representatives are also located there.
Keyword Services Limited, the payment agent of FGMarkets, is located in Cyprus at Megalou Alexandrou, 1 Sea Breeze Court, Block 10, Flat/Office 104, Pyrgos, 4534, Limassol.
Contact information
Contacts. To contact FGMarkets, you can use several methods: (1.) phone +61 283 174 987 (Australia code), (2.) email [email protected], and (3.) feedback form. Support is available in multiple languages 24 hours a day, 5 days a week.
Regulation and licensing
Regulation. Glastrox Trade Ltd operates under the supervision of a private entity in the Marshall Islands. It is assumed that the organization PIPSEC holds the license for investment activities, document number 91238.
Presumably, the payment agent Keyword Services Limited also complies with regulatory requirements. According to information on the website fgmarkets.com/ru, it is licensed by CySEC under number HE347880.
Trading platforms and conditions
Terminals. FGMarkets offers two multi-platform solutions: Webtrader and MT4.
Trading conditions. The company believes that to succeed on their platform, you need to follow just 4 steps:
- Register.
- Verify.
- Deposit funds.
- Trade with over 200 instruments.
Account types and other services
FGMarkets offers three account types to choose from: Demo, Live, and Live Premium.
The Demo account is an account that can be used without depositing real funds. However, the company does not disclose the amount of virtual funds provided for testing strategies.
The Live account requires a minimum deposit of $99.99. Clients are promised 24/5 technical support, operations in dollars, euros, and pounds, access to MT4 and Webtrader platforms.
The Live Premium account involves significant investments starting from $99,999. The company promises a personal trading specialist, 24/5 technical support, operations in dollars, euros, and pounds, access to MT4 and Webtrader platforms, participation in online seminars, access to the educational center, and the Autochartists Live tool for market scanning.
FGMarkets promises and conditions
FGMarkets company claims to provide leverage from 1:50 (for stocks and indices) to 1:500 (for forex). Each client is promised an individual approach, fair conditions, security, and confidentiality.
Reviews and recommendations
If you have experience trading with FGMarkets, share your impressions with readers. Tell about your positive or negative experiences to help others determine if the company meets their financial goals.
Igor
My experience with FGMarkets has been extremely disappointing and frustrating. The service provided was unreliable, with numerous issues related to accessing funds and lack of transparency. Communication with the support team was poor, proving to be unresponsive and unhelpful when addressing my concerns. The broker also lacks a wide range of instrument coverage which significantly limited my trading options. High commission rates combined with hidden fees resulted in unsatisfactory profits. I would not recommend FGMarkets to anyone searching for a trustworthy and efficient broker.