Fx-mars

Note: For some unknown reason, we cannot open Fx-mars official site (http://www.fx-mars.co.uk/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

Risk Warning

The Australia ASIC regulatory (license number: 428289) claimed by this broker is a suspicious clone, please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Fx-mars, a trading name of Fx-mars Co., Ltd, is allegedly a forex broker registered in the Virgin Islands that claims to provide its clients with the state-of-the-art MetaTrader4 trading platform.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

As for regulation, it has been verified that Fx-mars has a suspicious clone Australia Securities & Investment Commission (ASIC) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.44/10. Please be aware of the risk.

Field Survey

It was confirmed after the surveyor‘s inspection that the real address of Fx-mars in Australia was different from its regulation address. The broker’s Common Financial Service License (Regulatory No.428289) issued by ASIC was suspected to be a clone.

Market Instruments

Fx-mars advertises that it is a forex broker that mainly offers forex currency pairs trading. However, more specific information about tradable assets cannot be found on the Internet.

Trading Platform Available

The platform available for trading at Fx-mars is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Customer Support

Fx-mars‘ customer support can be reached by telephone: 4001203053. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.