✔️ Information reviewed and updated in April 2024 by Eduardo López

Opinions and information about the FGMarkets broker

 

¿It is the really reliable FGMarkets broker? Is it safe for you to invest your money with this company? In this section we will analyze the broker and its reputation as such on the internet.
We invite anyone who has experience with this company, to leave a comment with their experience and to give a score to the broker according to their experience with it.

It should be noted that we do not usually make reviews of brokers that do not have their website in Spanish / Castilian, but due to different comments and emails received, we have also decided to review FGMarkets.

The FGMarkets broker is a Forex and CFD broker, of the STP type.

The broker mentions to be part of FiveCircles Ltd, and payment services are processed by FELSON LIMITED.

FGMarkets is based in: Vanuatu (FiveCircles Ltd) and Cyprus (FELSON LIMITED).

If we talk about regulation, FGMarkets mentions being regulated by the VFSC (Vanuatu financial regulator).

We will continue to analyze the different account types that FGMarkets offers. In the case of FGMarkets, we note that it offers 3 different types of accounts: the Slate Account, the Prime Account and the Elite Account.

We will begin then, with the Slate account- $ 99,99 minimum initial deposit, 24/5 technical support, will trade on the MT4 platform.

This is followed by Prime Account: minimum initial deposit of $ 9.999,99, technical support 24 hours, 5 days a week, will be traded with the MT4 platform, online seminars will be provided, access to the trader training center.

The third and final type of account is the Elite Account- Minimum initial deposit of $ 99.999,99, 24/5 technical support, will trade with MT4 platform, online seminars will be provided, access to trader training center, personal trading specialist, live autochartist.

The platforms used to trade are: MT4.

Now, yes, we will go on to analyze the different resources and aids that the broker provides to traders on its website: eBooks, glossary, video lessons, basic explanation of the different instruments that can be traded with FGMarkets, economic calendar, chart of rollover, chart to calculate commissions.

  

Features of the FGMarkets broker

 

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Additional information about the company

 

Phone number: +61 2 9051 2524

Email: [email protected]

Website: www.fgmarkets.com

Clarification: The FGMarkets broker works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.

* Bonuses or promotions: None by the moment

FGMarkets valuation

 

With the information we have so far, the comments and reviews of users and traders, we believe that it is a reliable broker. Why? Although we have found almost no comments about the broker (which makes us think it is new) it is a VFSC Regulated broker.  

Update August 2019: we believe that FGMarkets is not a trustworthy company; It is based in not very serious countries (Vanuatu), its regulation is not very serious (Vanuatu) and when looking for other evaluations about the company we have found mostly negative comments-

❗ November 2020 update: CMVM, Portuguese financial regulator, has denounced FGMarkets due to fraudulent maneuvers.

❗ Attention: FGMarkets is linked to 555Markets y FGMarkets, badly reputable brokers accused of scamming too many people. We suggest caution.

Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.

 

Are you part of FGMarkets? Are you a representative or worker of the company? Write to us here >> use this form << 

 

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