Score
Saint Vincent and the Grenadines
|
5-10 years
| http://finmarkfx.com/home
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
finmarkfx.com Singapore
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Note: FinmarkFX's official website - https://finmarkfx.com/ is currently inaccessible normally.
| FinmarkFXReview Summary | |
| Founded | 2015 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex currency pairs, CFDs |
| Demo Account | ✅ |
| Segregated accounts | ❌ |
| Leverage | Up to 1:400 |
| EUR/USD Spread | From 0.2 pips |
| Trading Platform | MT4 |
| Min Deposit | $1,000 |
| Customer Support | Tel: +44 (0)2036084199 |
| Email: info@finmarkfx.com | |
| Facebook: https://www.facebook.com/finmarkFX/ | |
FinmarkFX was registered in Saint Vincent and the Grenadines in 2015 and is not regulated. It offers CFD trading with leverage up to 1:400 and EUR/USD spread is from 0.2 pips on the MT4 platform. Demo accounts are available but the minimum deposit requirement is as high as $1,000.
| Pros | Cons |
| Demo accounts | Unavailable website |
| Multiple account types | Uregulated |
| Tight spreads | Less variety of assets to trade |
| Support MT4 | Commission charged |
| Popular payment options | High minimum deposit |
No, FinmarkFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
FinmarkFX offers its clients three live account types – Standard, Plus & Pro. Trading in CFDs is offered on Plus & Pro accounts only.
| Account Type | Min Deposit | Min Trade Size |
|---|---|---|
| Standard | $1,000 | 0.01 |
| Plus | $5,000 | |
| Pro | $10,000 |
FinmarkFX offers leverage up to 1:400 for all account types. 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.
The EUR/USD spread on the Finmark FX platform is at 0.2 pips only, which seems very attractive, and tested on demo accounts to know that the spread is indeed so. Additionally, there are no commissions, which is a low cost of trading that most brokers cannot afford, so it is most likely a trick to attract new investors.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
FinmarkFX accepts via payments via credit cards, bank wire transfers, and Skrill.
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