Score
FXPM
Marshall Islands|5-10 years| https://www.fxpmarkets.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Marshall Islands
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed FXPM also viewed..
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Company Summary
Note: FXPM's official website https://www.fxpmarkets.com is currently inaccessible normally.
| FXPMReview Summary | |
| Founded | 2016 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Indices, stocks and commodities |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 3 pips (Beginner account) |
| Trading Platform | MT4 |
| Min Deposit | $250 |
| Customer Support | Email: support@FXPMarkets.com |
FXPM was registered in 2016 in Marshall Islands. It uses MT4 as its trading platform, and it claims to offer trading services on indices, stocks, and commodities. Nevertheless, this company is not regulated, and its website is currently inaccessible.
Pros and Cons
| Pros | Cons |
| MT4 supported | Lack of regulation |
| Islamic accounts available | No demo accounts |
| High minimum deposit | |
| Limited contact channels |
Is FXPM Legit?
FXPM is not regulated by the financial services regulatory authority in Marshall Islands, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.
What Can I Trade on FXPM?
FXPM claims to offer products like indices, stocks, and commodities.
| Tradable Instruments | Supported |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Forex | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |
Account Type
There are 4 types of accounts available: Beginner, Silver, Gold, and VIP. Moreover, swap-free Islamic accounts are also available.
| Account Type | Min. Deposit | Max. Leverage | Spread |
| Beginner | $250 | 1:100 | From 3.0 pips |
| Silver | $1,000 | 1:500 | From 2.5 pips |
| Gold | $15,000 | From 2.0 pips | |
| Premium | $50,000 | From 1.5 pips |
Leverage
For the Beginner Account, the leverage is up to 1:100. For other accounts, the leverage is capped at 1:500. High leverage may bring potential risks, so careful considerations are recommended.
Trading Platform
FXPM uses MT4 as its trading platform.
Deposit and Withdrawal
It is not clear whether fees are needed or not. Payment options only include Bank Transfer and Credit/Debit Cards.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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