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Funda Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-02 10:58

Abstract:Funda Markets was registered in 2022 in Saint Vincent and the Grenadines, which is a broker specializing in the indices, shares, metals, forex, energies, cryptocurrencies, and commodities markets. It offers several types of accounts, among which the minimum deposit is $100 and the maximum leverage is 1:500. However, this company is not regulated, and potential risks are rather high.

Funda Markets Review Summary
Founded2022
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsIndices, shares, metals, forex, energies, cryptocurrencies, commodities
Demo Account✅
LeverageUp to 1:500
SpreadFrom 1.6 pips
Trading PlatformcTrader
Min Deposit$100
Customer SupportContact form
Email: support@fundamarkets.com
Address: Suite 305 , Griffith Corporate Centre Kingstown, St Vincent and The Grenadines

  Funda Markets was registered in 2022 in Saint Vincent and the Grenadines, which is a broker specializing in the indices, shares, metals, forex, energies, cryptocurrencies, and commodities markets. It offers several types of accounts, among which the minimum deposit is $100 and the maximum leverage is 1:500. However, this company is not regulated, and potential risks are rather high.

Funda Markets' homepage

Pros and Cons

Pros Cons
Diverse tradable assetsLack of regulation
Demo accounts and Islamic accountsWide spreads
Multiple account typesNo MT4 or MT5
cTrader platformNo popular payment options
Deposit/withdrawal fee charged

Is Funda Markets Legit?

  No, it is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, its domain status shows that client transferring is prohibited. Please note the potential risks.

No license
Domain information

What Can I Trade on Funda Markets?

  Funda Markets provides a variety of products, including indices, shares, metals, forex, energies, cryptocurrencies, and commodities.

Tradable Instruments Supported
Forex✔
Commodities✔
Metals✔
Energies✔
Indices✔
Shares✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on Funda Markets?

Account Type/Leverage/Fees

  Funda Markets provides 6 types of accounts, including Standard, Premium, Platinum, Diamond, Platinum Islamic, and Standard Islamic. Besides, demo accounts are also available.

Account TypeMin DepositMax LeverageSpreadSwap Charges
Standard$1001:5002.0 pips✔
Premium$5001.8 pips✔
Platinum$2,0002.0 pips✔
Diamond$5,0001.6 pips✔
Platinum Islamic$2,0002.0 pips❌
Standard Islamic$1002.2 pips❌
Account comparison 1
Account comparison 2

Trading Platform

  Funda Markets uses cTrader as its trading paltform, and it does not support MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
cTrader✔PC, web, mobileExperienced traders
MT4❌/Beginners
MT5❌/Experienced traders
cTrader

Deposit and Withdrawal

  Funda Markets supports several types of payment options, and certain amounts of fees are charged depending on the types of payment options.

Payment OptionsCurrenciesMin Deposit Min WithdrawalDeposit FeesWithdrawal FeesProcessing Time
TetherUSDT/////
5PayMYR, THBMYR500MRY 1001.5% or MYR 10.5% or MYR 2Instantly
9Pay//////
CasholaIDR, MYRIDR 100,000IDR 100,000,0001.5% or IDR 2,5001% or IDR 6,500Instantly
FPXMYR, THBMYR 500MYR 1001.5%1.5%
StarsPayUSD$100$10$11%
BoostMYRMYR 100MYR 1001.5% or MYR 11% or MYR 2
GrabPay
ShopeePay
Touch
DirectPayLD/////
Deposit and Withdrawal 1
Deposit and Withdrawal 2

Related broker

No Regulation
Funda Markets
Company name:Funda Markets Limited
Score
1.36
Website:https://fundamarkets.com/web/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.36

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