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Company Name
FNmarkets LTD
Company Abbreviation
FNmarkets
Platform registered country and region
Comoros
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
| FNmarkets Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Saint Lucia |
| Regulation | Not Regulated |
| Market Instruments | 84+, Commodities, Indices, CFDs |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.8 pips (Standard account) |
| Trading Platform | MT5 |
| Minimum Deposit | $50 |
| Customer Support | 24/7 support, live chat |
| Phone: +60 3 6043 0694 | |
| Email: support@fnmarkets.com | |
| Social Media: Telegram, YouTube, LinkedIn, Facebook, Twitter, Threads | |
| Regional Restrictions | North Korea, Myanmar, Malaysia, Wake Island, Guam, Sri Lanka, Canada, Northern Mariana Islands, Bangladesh, Puerto Rico, American Samoa, Illinois, the United States |
FNmarkets Information
FNmarkets is a trading platform founded in 2022. It operates without regulatory oversight and offers access to over 84 market instruments, including commodities, indices, and CFDs (Contracts for Difference). The platform provides a demo account for practice trading and supports high leverage of up to 1:500, with spreads starting at 0 pips. Trading is conducted on the MT5 platform, and the minimum deposit required to open an account is $50. Traders on FNmarkets have access to three types of accounts: Standard Account, Raw Account, and Islamic Account.
Pros and Cons
| Pros | Cons |
| No account-keeping or inactivity fees | Not regulated |
| Three account types | Regional restrictions |
| Multiple payment methods | |
| Demo accounts available | |
| MT5 supported | |
| Low minimum deposit | |
| No deposit fees | |
| Live chat support |
Is FNmarkets Legit?
FNmarkets have not been regulated by any authorities. Please be aware of the risk!
What Can I Trade on FNmarkets?
FNmarkets claims to offer over 84 tradable products including CFDs, commodities, and indices.
| Trading Assets | Available |
| CFDs | ✔ |
| commodities | ✔ |
| indices | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
| funds | ❌ |
Account Type
Traders on FNmarkets get access to three types of accounts: Standard Account, Raw Account, and Islamic (Swap-free) Account.
| Account Type | Standard | Raw | Islamic |
| Execution Type | STP | STP | STP |
| Minimum Deposit | $50 | $50 | $50 |
Leverage
FNmarkets offers leverage up to 1:500 for all account types. Please note that high leverage can amplify not only profits but also losses.
Fees
The spreads on this platform differ depending on the account type. Traders using Raw Accounts benefit from a spread starting at 0.0 pips, whereas the spreads for Standard and Islamic Accounts begin at 0.8 pips.
| Account Type | Standard | Raw | Islamic |
| Spread From | 0.8 pips | 0.0 pips | 0.8 pips |
| Commission | $0 | $7 | $0 |
FNmarkets claims that it does not charge any account-keeping or inactivity fees.
Furthermore, commission fees are applied as trading commissions on our accounts. A commission of $7 Per Lot is charged for each trade. However, there are no additional charges for downloading, setting up, or subscribing to their platforms.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
Deposit and Withdrawal
At FNmarkets, there are over 120 available deposit and withdrawal methods, includingVisa, Mastercard, Apple Pay, Google Pay, Sticpay, Volet, Crypto, etc. No deposit fees are charged.
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