FGMarkets is a regulated financial services provider that offers affordable and qualitative access to various financial markets using the latest technology. They allow clients to place trades on over 200 financial instruments across forex, stocks, bonds, commodities, and indices using advanced trading platforms, including the popular MetaTrader 4 (MT4) platform. There are several learning materials and trading tools available to traders.
FGMarkets Review, Pros & Cons
- Intuitive trading platform
- Educational resources
- Useful trading tools
- Various financial instruments
- 24/5 customer support
- Offshore brokerage firm
- No USA clients
- Not the lowest commissions
- Limited account deposit & withdrawal options
In this detailed FGMarkets 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.
Headquartered in the Marshall Islands, FGMarkets is a registered brand of Glastrox Trade Limited. This online trading broker operates the STP execution model, which offers access to the interbank markets without any conflict of interest. The broker does not only offer investment services of reception and transmission of trade orders but also offers other ancillary services, such as granting credits or loans to clients and foreign exchange services, in connection with the provision of the investment services. Traders get access to advanced trading platforms, educational resources, trading tools, multiple account options, and reliable customer support.
FGMarkets is a registered brand of Glastrox Trade Ltd. Glastrox Trade Ltd is a licensed investment firm regulated by the Marshall Islands Business Corporation Act (MIRC) with authorization number 91438.
FGMarkets does not establish accounts to residents of certain jurisdictions, such as the USA.
Some FGMarkets features and products mentioned within this FGMarkets review may not be available to traders from certain countries because of legal restrictions.
At FGMarkets, all trading activities are carried out on the MetaTrader 4 platform — a popular trading platform that came into existence in 2005 by a Russian software company known as MetaQuotes. It is designed to suit traders of all levels because of its user interface that is easy-to-use yet packed with advanced capabilities, such as one-click executions, stop and limit orders, technical indicators, 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 trading app that is compatible with smartphones running on Android and iOS. The mobile app allows traders to place trades and check trading positions even when on the move.
FGMarkets Trading Tools
The broker’s website contains some useful trading tools, including comprehensive tables that display the rollover fees, commission rates, dividends, and public holidays.
There is an FAQ section on the broker’s website. There is also a trading glossary that displays various trading terms along with their detailed explanations.
The following trading instruments are available at FGMarkets: forex, stocks, bonds, commodities, and indices.
FGMarkets Accounts & Fees
FGMarkets offers 3 types of trading accounts: Live, Live Premium, and Demo accounts. The accounts are denominated in USD, EUR, and GBP. The minimum deposit required to begin trading is $100. The demo account enables you to practice your trading strategies and familiarise yourself with the brokers trading platform, products and services.
As broker fees can vary and change, there may be additional fees that are not listed in this FGMarkets review. It is imperative to ensure that you check and understand all of the latest information before you open an FGMarkets broker account for online trading.
Traders are provided with a 24/5 customer support team who are polite and prompt in response. They can speak 10 languages and can be reached through the following contact channels: telephone, email, and an online contact form.
FGMarkets Deposit & Withdrawal
The broker accepts wire transfer and credit/debit cards — Visa, MasterCard, and Maestro — for both account deposit and withdrawal purposes.
FGMarkets Account Opening
Designed with you in mind, opening an FGmarkets account is easy. Simply click on the ‘Live Account’ button and fill in the required information page. Once your account has been successfully created, you will need to send verification documents to complete the registration process. These can be faxed, scanned, or emailed. As soon as your documents have been approved, you will be able to fund your account and start trading, when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
With several years of combined trading experience, FGMarkets is an STP trading broker that allows traders to buy and sell multiple trading instruments via the MT4 trading platform. Traders benefit from a selection of educational resources and the services of a professional customer support team. There are different trading account types to choose from with a minimum deposit requirement of $100.
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk, and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.