FooMarkets Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　FooMarkets is a foreign exchange contract for difference broker that directly provides customers. Reduce latency and provide excellent liquidity. Joined the OneZero Bridge Ecosystem (EcoSystem) in 2018, completed the bridge service cooperation with it, and became one of its liquidity providers, continuing to provide brokerage, execution and settlement services. Founded in 2019, FooClearing is a liquidity provider. Foo Global Markets(V) Limited claimed to be registered in Govant Building, Kulum highway, Port Vila Vanuatu, is a financial derivatives trading broker, authorized and supervised by the Vanuatu Financial Supervision Authority (VFSC), the supervision number is 700455; and also Foo Global Markets Limited is registered at 71-75 Shelton Street London WC2H 9JQ, with registration number 13029977, and is subject to US MSB supervision, supervision number: 31000188455141 but some reviews showed that it is under offshore regulations.

　　Market Instruments

　　Products available on offered at Foo Markets includes:

　　Global foreign exchange

　　The foreign exchange market provides traders with the opportunity to trade 24 hours a day, 5 days a week, in the world's most liquid financial market. Traders can take advantage of the smallest spreads among 60 currency pairs, excellent execution and deep inter-bank liquidity.

　　Precious metals

　　Foo Markets allows trading spot precious metals with 1:400 leverage, including gold against the US dollar or the euro, silver against the US dollar or the euro, and platinum or platinum against the US dollar.

　　Energy CFD

　　Foo Markets is able to trade USD-denominated spot energy contracts on MT4 and MT5 platforms, including crude oil, Brent and natural gas. As a spot product, trading energy contracts has many advantages for investors who are only interested in price speculation.

　　Global stock index CFD

　　Provide CFDs on more than 100 large-cap stocks and ETFs on the Australian Stock Exchange, the New York Stock Exchange and the Nasdaq Stock Exchange. They have selected a series of the most popular companies in the world and the most popular ETFs to give you the best trading opportunities.

　　Cryptocurrency

　　Unlike other asset classes (foreign exchange, stocks, commodities, etc.), the cryptocurrency market is dominated by retail speculators. To trade cryptocurrency, you will trade in a market where there is no central bank intervention, interbank dealers control the flow of orders, or huge pension funds that affect prices.

　　Accounts & Leverage

　　This broker offers three different trading accounts for traders to choose from;

　　Personal retail account

　　DD+STP clearing mode/millisecond transaction

　　• Minimum deposit amount: 500USD

　　• Minimum number of trading lots: 0.01 lots

　　• Maximum leverage: 1:400

　　• Maximum order quantity of account: unlimited

　　Professional VIP account

　　DD+STP clearing mode/0 handling fee

　　• Minimum deposit amount: 1000USD

　　• Professional low-spread trading environment

　　Naked Points/ECN Account

　　DD+STP settlement mode/lowest spread

　　• The minimum deposit amount: 5000USD

　　• Spreads start from 0.1 pips

　　Trade Size

　　Foo Markets has 0.01 as the minimum trading slots.

　　Spreads & Commissions

　　The spread is essentially the difference between the buying price and the selling price. Their feed comes from leading liquidity providers and banks. When checking the spread on the MetaTrader 4 platform, you can get feeds from up to 70 institutions. This variety allows us to provide industry-leading spreads as low as 0.0 pips on RAW ECN accounts and as low as 1.0 pips on standard STP accounts. Although the spreads of major currencies may be less than 1 pip during the liquidity period-the typical foreign exchange spreads are listed below.

　　Trading Platform Available

　　FooMarkets uses MetaTrader 5 and MetaTrader 4 as their trading platforms which are available for all versions, for Android, iPhone, Mac, Webtrader, and PC system/ windows. The FOO MT4 client platform helps you gain a competitive advantage in today's busy trading environment through real-time quotes, real-time charts, in-depth news and analysis, as well as multiple order management tools, indicators and expert-level trading guidance tools. Which is same as The MetaTrader 5.

　　Deposit & Withdrawal

　　To deposit funds into your trading account, Log in to the FooMarkets customer background, click Depcomplete

　　osit, follow the process steps to the deposit operation, in addition, in order to obtain a smoother service experience, we recommend customers to use Google Google browser or UC browser.

　　Customer Service

　　Foo Markets offers various means of communication for their customers to reach them when it comes to requesting assistance or complaints, they are available 24/7 to attend to their clients and they can be reached either Through their email or phone number; Asia: +852 60439571. Email: service@foofx.com