Fido Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information

Fido Markets is an online brokerage registered in Saint Vincent and the Grenadines, offering its clients access to multi-asset trading instruments, advanced MT5 trading platform, leverage up to 1:500 as well as 5 x24 customer support.

Market Instruments

Fido Markets offers its clients access to a massive financial markets, including foreign exchange, Metals, Energies, Indices, Cryptocurrencies, and a series of CFD products. Investors can flexibly choose among these trading assets based on their trading preference.

Account Types

Five forex trading account types are available, include Indus, Volga, Tigris, Fido Pro, Fido Raw. The minimum initial deposit for each account ranges from $10 to $5,000. Additional account features are listed below:

Indus

This account is more suitable for beginners or inexperienced traders who are just starting out, with the minimum initial deposit of as low as $10.

l Minimum Initial Deposit: $10

l Leverage: up to 1:500

l Spreads: 1.7 pips

l Commission: Zero

l Margin Call: 30%

l Stop Out: 0%

l Order Execution: Market, Pending

Volga

l Minimum Initial Deposit: $500

l Leverage: up to 1:500

l Spreads: 1.2 pips

l Commission: zero

l Margin Call: 30%

l Stop Out: 0%

l Order Execution: Market, Pending

Tigris

l Minimum Initial Deposit: $1,000

l Leverage: up to 1:300

l Spreads: 0.7 pips

l Commission: 10

l Margin Call: 30%

l Stop Out: 10%

l Order Execution: Market, Pending

Fido Pro

l Minimum Initial Deposit: $500

l Leverage: up to 1:200

l Spreads: 0.3 pips

l Commission: 10

l Margin Call: 30%

l Stop Out: 10%

l Order Execution: Market, Pending

Fido Raw

l Minimum Initial Deposit: $5,000

l Leverage: up to 1:100

l Spreads: Nil

l Commission: 8

l Margin Call: 30%

l Stop Out: 10%

l Order Execution: Market, Pending

How to open an account？

Opening an account with Fido Markets is an easy and simple process, and you just need to follow the steps listed below:

1. Click “Open Live Account” on the Fido Markets homepage;

2. Fill in the details required in the form to accomplish your registration;

3. Submit legit documents for the KYC process;

4. Choose a preferable amount and fund your account;

5. Start your trading journey.

Leverage

Trading leverage varies depending on different trading accounts, from 1:100 to 1:500. Professional traders and scalpers love to use high leverage to increase their trading flexibility. However, since leverage can amplify gains as well as losses, inexperienced traders should take care to choose a proper amount in case that severe fund losses occur.

Spreads & Commissions

Spreads & Commissions are determined by trading accounts, which means that the more account balance you hold, the lower trading costs you can enjoy. Indus and Volga accounts offer a zero-commission environment, accompanied by wider spreads, starting from 1.7 pips and 1.2 pips, respectively. The other three accounts are more suitable for professional traders and scalpers, offering spreads from 0.7 pips, 0.3 pips, and 0.0 pips, respectively.

Trading Platforms

Fido Markets offers its clients access to the leading MT5 trading platform that can be accessed on any device. Fido Markets MT4 features multiple technical indicators, powerful charting tools, user-friendly interface, and it enables automated trading.

Trading Tools

Aside from trading platforms, there are some trading tools on offer to help traders quickly acquaint themselves with forex trading. these trading tools include Economic Calendar, Central Bank Calendar, Holiday Calendar, Chart Analysis, Calculators, Currency Convertors.

Educational Resources

There is an educational section showing some basic forex knowledge, including what is forex trading？ How to start forex trading？ Forex Tutorial as well as trading session.

Deposit & Withdrawal

Fido Markets displays a list of detailed payment options to show how its clients can make a deposit and withdrawal. These payment options include Bank Wire, VISA, MasterCard, Skrill, Neteller and Bitcoin. The minimum deposit varies depending on different methods. The minimum deposit and withdrawal amount through Bank Wire is $200 and it takes 2-5 business days for funds to appear in your account, a withdrawal process time of 24 hours. The minimum deposit amount via VISA/MasterCard is $100, and deposit process time amounts to 1-2 working days and withdrawal process time is 24 hours. The minimum deposit and withdrawal amount for other four payment methods is both $50, with deposit and withdrawal process time taking one business day.

Customer Support

When it comes to customer support, traders with any trading related problems can get access to their customer care through email: info@fidomarkets.com as well as online chat. There is also a web form displayed for you to fill required details and wait to be connected.

Company Address: Zontia Markets LLC, Suite 305, Griffith corporate center, Beachmount, Kingstown, ST. Vincent and the grenadines.