Warning! This Broker is Not ASIC Licensed
First Demo Commerce with a Licensed Broker
FM-FX was an unlicensed Foreign exchange Forex Broker that began operations in November 2016. They’re owned by FM Advertising LTD which is positioned at: Barrack Street 35, Belize Metropolis, Belize. The listed telephone quantity in United Kingdom is: +44 208 068 0485, and the contact e mail tackle is [email protected].
FM-FX Broker Evaluate
A evaluate of the Foreign exchange Forex Broker FM-FX reveals that they provide their buyers the MetaTrader4 buying and selling platform, which is obtainable as a desktop software program, and an internet primarily based model. Cellular apps for Android and iPhone are additionally obtainable. They provide greater than 170 property to buying and selling together with all widespread Foreign exchange pairs, Market Indexes, CFDs for European and American Listed Shares, together with widespread Commodities like Gold, Silver, Crude Oil and Corn.
Their web site and buyer help is obtainable in English, Russian and French. Leverage provided on Foreign currency trading is 200:1, and spreads on AUD/USD are 3.8.
FM-FX provides bonuses to new merchants, and you must learn an perceive the phrases and situations of bonus cash earlier than accepting a bonus. It’s the primary explanation for Forex Broker complaints.
FM-FX No License
If you end up reviewing a Foreign exchange Forex Broker, the very first thing good buyers search for is a legitimate Forex Brokers license. The explanation merchants use regulated Forex Brokers is within the occasion of a Forex Broker going out of enterprise, their cash is protected by the federal government regulator.
FM-FX is not a licensed Forex Broker.
There are various licensed Foreign exchange Forex Brokers who you may commerce with, see under. In Canada, Foreign exchange Forex Brokers should be licensed by the IIROC, and in Australia the Forex Brokers are licensed by ASIC.
Australia ASIC Warning
“ASIC urges all buyers contemplating buying and selling in margin FX and different monetary merchandise to examine they’re coping with an entity that’s licensed in Australia.”
Pepperstone is an Australian ASIC licensed Forex Broker that you must think about, see: Pepperstone.com.
Sensible buyers at all times take a look at out a number of Forex Brokers, earlier than selecting their Forex Broker.
What was your expertise buying and selling with FM-FX? Please write your evaluate within the remark part under.