Fxtradingmarket Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-07-25 18:50

Abstract：Fxtradingmarket, a trading name of Fxtradingmarket LTD, is allegedly a suspicious regulated forex broker registered in the UK that claims to provide its clients with leverage up to 1:100 for forex trading on the state-of-the-art MetaTrader4 trading platform, as well as a choice of three different account types.

　　Note: Since Fxtradingmarkets official site (https://fx-tradingmarket.com) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

　　General Information & Regulation

　　Fxtradingmarket, a trading name of Fxtradingmarket LTD, is allegedly a suspicious regulated forex broker registered in the UK that claims to provide its clients with leverage up to 1:100 for forex trading on the state-of-the-art MetaTrader4 trading platform, as well as a choice of three different account types.

　　Market Instruments

　　We didnt find any specific information about tradable asset classes provided by Fxtradingmarket on the Internet. However, from the name of the broker, we can easily get the knowledge that it may offer forex trading.

　　Account Types

　　There are three live trading accounts offered by Fxtradingmarket, namely Mini, Classic and Premium. Opening a Mini account requires the minimum initial deposit amount of $500, while the other two account types have much higher minimum initial capital requirements of $5,000 and $20,000 respectively.

　　Leverage

　　The maximum leverage ratio provided by Fxtradingmarket is up to 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

　　Trading Platform Available

　　When it comes to available trading platforms, Fxtradingmarket gives traders the industry-standard MetaTrader4 trading platform. MT4 is considered the worlds number one platform, preferred by over 80% of users. It offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options.

　　Deposit & Withdrawal

　　Fxtradingmarket seems to accept deposits and withdrawals via Visa, MasterCard, as well as bank wire, PayPal, Cash and WebMoney. The broker says to charge zero withdrawal fees. However, the withdrawal of money related to a bonus relied on the making of $500,000 worth of trades in round turns for each $50 bonus offer granted.

　　Customer Support

　　Fxtradingmarket‘s customer support can be reached by telephone: +442038973537, email: support@fxtradingmarket.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.