Funda Markets
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 | |
| Founded | 2022 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Indices, shares, metals, forex, energies, cryptocurrencies, commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.6 pips |
| Trading Platform | cTrader |
| Min Deposit | $100 |
| Customer Support | Contact 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.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Lack of regulation |
| Demo accounts and Islamic accounts | Wide spreads |
| Multiple account types | No MT4 or MT5 |
| cTrader platform | No 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.
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 | ❌ |
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 Type | Min Deposit | Max Leverage | Spread | Swap Charges |
| Standard | $100 | 1:500 | 2.0 pips | ✔ |
| Premium | $500 | 1.8 pips | ✔ | |
| Platinum | $2,000 | 2.0 pips | ✔ | |
| Diamond | $5,000 | 1.6 pips | ✔ | |
| Platinum Islamic | $2,000 | 2.0 pips | ❌ | |
| Standard Islamic | $100 | 2.2 pips | ❌ |
Trading Platform
Funda Markets uses cTrader as its trading paltform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | PC, web, mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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 Options | Currencies | Min Deposit | Min Withdrawal | Deposit Fees | Withdrawal Fees | Processing Time |
| Tether | USDT | / | / | / | / | / |
| 5Pay | MYR, THB | MYR500 | MRY 100 | 1.5% or MYR 1 | 0.5% or MYR 2 | Instantly |
| 9Pay | / | / | / | / | / | / |
| Cashola | IDR, MYR | IDR 100,000 | IDR 100,000,000 | 1.5% or IDR 2,500 | 1% or IDR 6,500 | Instantly |
| FPX | MYR, THB | MYR 500 | MYR 100 | 1.5% | 1.5% | |
| StarsPay | USD | $100 | $10 | $1 | 1% | |
| Boost | MYR | MYR 100 | MYR 100 | 1.5% or MYR 1 | 1% or MYR 2 | |
| GrabPay | ||||||
| ShopeePay | ||||||
| Touch | ||||||
| DirectPayLD | / | / | / | / | / |
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