FXMC-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

FXMC is a forex broker registered in UK. FXMC‘s corporation information is not disclosed and this broker doesn’t hold any license to provide financial services.

Markets Instruments

Tradable financial instruments available on the FXMC include forex, commodities, indexes, stocks.

Minimum Deposit

The minimum deposit is stated to be $50, but once we made an account, it turned out that it is actually $100 – not that it matters when most of its competitors can open an account for about $10.

Leverage

The leverage FXMC offers, however, is not okay – 1:1000 is too much for retail traders, as a majority of the regulatory bodies out there have ruled.

Spreads & Commissions

The spreads on the platform are okay – a bit over the generally accepted 1 pip for major FX pairs like EURUSD.

Trading Platform Available

FXMC provides access to industry-leading trading platform Metatrader 4 – the platform has earned that distinction with its comprehensive UI and powerful automated trading features.

Deposit& Withdrawal

FXMC only accepts deposits via Bitcoin. Bitcoin is not eligible for a chargeback at all and FXMC lying about its minimum deposit is not a good look. As for withdrawals, FXMC never specifies what kind of fees it charges on them – but considering how shady the broker is already, we fully expect them to be quite difficult and expensive.