FCS-Markets Spreads, leverage, minimum deposit Revealed

　　Risk Warning

　　The United Kingdom FCA regulation (license number: 772626) claimed by FCS-Markets is suspected to be a clone. Please be aware of the risk!

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

　　FCS-Markets, a trading name of FCS Capital Markets Limited, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 trading platform via 3 different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:

　　As for regulation, it has been verified that FCS-Markets holds a suspicious clone Financial Conduct Authority (FCA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.17/10. Please be aware of the risk.

　　Market Instruments

　　FCS-Markets advertises that it offers access to a wide range of trading instruments in financial markets, including CFDs on currency pairs, stocks, commodities, cryptocurrencies and ETFs, as well as binary and digital options.

　　Account Types

　　Apart from demo accounts, FCS-Markets claims to offer 3 types of trading accounts - Beginner, Gold and Platinum, with minimum initial deposit requirements of €250, €5,000 and €25,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

　　Leverage

　　The specified leverage for different account types at FCS-Markets varies between 1:30 and 1:500. Specifically, 1:30 for the Beginner account, 1:300 for the Gold account and 1:500 for the Platinum account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.

　　Spreads & Commissions

　　FCS-Markets claims that the spread on all account types starts from 0.0 pips. As for the commission, there is no commission charged on the Beginner account, while 2% from €20 per lot on the Gold account and €1 per lot on the Platinum account.

　　Trading Platform Available

　　The platform available for trading at FCS-Markets is one of the most notable and preferred trading platforms the market offers - MetaTrader4. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

　　Deposit & Withdrawal

　　FCS-Markets says to accept payment options of Visa, MasterCard, bank transfer, and cryptocurrency. The minimum initial deposit requirement is $100, while opening the most basic account requires at least €250. All deposits are said to be reflected instantly.

　　Customer Support

　　FCS-Markets customer support can be reached by telephone: +44 6703081636, +44 203 648 5022, Fax: +446703081636, email: mail@fcs-markets.com, support@fcs-markets.com, info@fcs-markets.com. Registered Office: Albert Buildings, 49 Queen Victoria Street, London, EC4N 4SAT, UK.

　　Pros & Cons

　　Frequently Asked Questions (FAQs)