Based in Saint Vincent and the Grenadines, FCMarket is an introducing broker for HotForex. They allow traders to speculate on multiple financial instruments across different asset classes — forex, commodities, indices, metals, and shares — using the intuitive MT4 trading platform. Traders are provided with various learning and trading tools as well as a knowledgeable client support team to assist them. The minimum deposit requirement is $500.
FCMarket Review, Pros & Cons
- MT4 trading platform
- Educational materials & trading tools
- Multiple financial instruments
- Various account funding options
- Lacks strict regulation
- Located offshore
- Minimum $500 deposit
- No USA clients
- Not the lowest spreads
In this detailed FCMarket review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FCMarket is a licensed broker that offers straightforward access to the global financial markets. Trades are carried out using the MT4 trading platform, which is available in desktop, web, and mobile versions. The broker provides traders with competitive trading conditions, including low spreads from 1 pip, zero commissions, leverage of up to 1:400, demo account, and more.
FCMarket is registered and licensed by Saint Vincent and the Grenadines Financial Services Authority (SVG FSA).
FCMarket offers its services to traders from different parts of the globe where the use of such services would not be contrary to local laws or regulations.
Some FCMarket features and products mentioned within this FCMarket review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the MetaTrader 4 platform, an advanced trading platform that is designed to suit traders of all levels. The platform features a user-friendly interface with advanced functionalities, such as one-click executions, stop and limit orders, support for the automation of trades using expert advisors, and more. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers; a web version that can run directly on Chrome, Safari, Firefox, Edge, and other modern web browsers; and a mobile app that is compatible with smartphones running on Android and iOS. The mobile app allows traders to place trades and check trading positions on the move.
FCMarket Trading Tools
In addition to the trading tools that were built into the MT4 trading platform, FCMarket provides traders with some standalone trading tools, such as the Digital Currency Exchanger, Atomic Clock Software, and an economic calendar that shows the schedule of market events along with their expected impacts on the financial markets.
The broker provides traders with various learning resources to help them make knowledgeable trading decisions. These educational materials include forex tutorials, learning articles, an FAQ section, and a glossary that shows the various trading terminologies along with their detailed explanations.
The following financial instruments are available at FCMarket: forex, commodities, indices, metals, oils, shares, and more.
FCMarket Accounts & Fees
The broker offers traders a standard live trading account that requires a minimum deposit of $500. A demo account is also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this FCMarket review. It is imperative to ensure that you check and understand all of the latest information before you open an FCMarket broker account for online trading.
The broker’s client support team is available 24/5 from 4:00 am to 09:00 pm GMT (Monday to Friday) to respond to traders’ general, technical, and account-based inquiries via email only.
FCMarket Deposit & Withdrawal
The broker allows traders to deposit and withdraw funds via any of the following payment methods:
- Bank Wire Transfer
- Credit Card: Visa, Mastercard, Visa Electron
- Online Payment Processors: Neteller, Skrill, WebMoney, FasaPay
FCMarket Account Opening
It is easy to open a live trading account with FCMarket: simply click on the “Open Live Account” button on the homepage of the broker’s website. Proceed to fill in the account application form, providing all the requested details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
FCMarket is a multi-asset brokerage firm that operates from Saint Vincent and the Grenadines. They provide traders with intuitive trading platforms, which are available on desktop, web, and mobile platforms. Traders get to trade multiple financial products whilst enjoying several trading conditions, such as multiple payment methods, demo accounts, leverage of up to 1:400, zero commissions, spreads from 1 pip, and more. The minimum deposit required to begin trading is $500.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.