FXPM Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-05 17:53

Abstract：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.

　　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.