FXM Capital Review 2020
FXM Capital is an online trading broker that gives traders the opportunity to trade multiple financial instruments across five asset classes — Forex currency pairs, stocks, indices, commodities, and cryptocurrencies — via the highly advanced and intuitive MetaTrader 5 trading platform, offering a flawless trade execution and flexible leverage of up to 1:500.
FXM Capital Review 2020, Pros & Cons
- MetaTrader 5 platforms for multiple devices
- A selection of educational materials
- Economic Calendar & other trading tools
- A range of tradable instruments
- Not regulated
- Offshore broker
- No USA clients
- No online chat support
- Limited account funding options
- Minimum $250 deposit
- Not the lowest spreads
In this detailed FXM Capital 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.
FXM Capital is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including FXM Capital.
FXM Capital Review: Summary
Since its launch in 2010 in Saint Vincent and the Grenadines, FXM Capital is a financial service provider that has been offering online trading of different financial instruments. The broker provides clients the MetaTrader 5 platform, as well as a wide range of useful trading tools, educational resources, and a professional customer support team. There are multiple account options with a required minimum deposit of $250 and a leverage of up to 1:500. No commission is charged on trades.
FXM Capital Review: Regulation
FXM Capital is owned and operated by BG Investment Limited, a company established under the law of Saint Vincent and the Grenadines (registration number: 25897 IBC 2017). However, the broker is not regulated.
Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
FXM Capital Review: Countries
The broker does not allow clients and/or residents of Japan, USA, Russia, Ukraine, or Canada to use its services.
Some FXM Capital features and products mentioned within this FXM Capital review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
FXM Capital Review: Trading Platforms
The broker provides traders with the popular and sophisticated MetaTrader 5 trading platform. It was developed in 2010 by the Russian software company, MetaQuotes, and it is widely used by traders around the world because of its intuitive and user-friendly interface. The platform offers 4 execution methods: Request, Market, Instant, and Exchange. It also has advanced financial trading functions, as well as superior tools for technical and fundamental analysis. The platform supports all the trading instruments offered by FXM Capital. It also supports automated trading and signal copying.
MT5 is available as a desktop application for Windows and Mac computers, a WebTrader that runs directly on most modern web browsers, and a mobile app that can be downloaded from the relevant mobile app stores for devices running on Android and iOS.
FXM Capital Review: Trading Tools
The broker has some standalone trading tools in addition to the built-in tools of the MT5 platform. They include Economic Calendar, Currencies Strength, and more.
FXM Capital Review: Education
The ’Knowledge’ section of the broker’s website contains a good selection of educational resources, such as articles, a glossary of trading terms along with their detailed explanations; and an FAQ section, which contains clients’ most common questions and their corresponding instant answers.
FXM Capital Review: Trading Instruments
FXM Capital is an online trading broker that gives traders access to online trading of multiple financial instruments across five asset classes, namely: Forex currency pairs, stocks, indices, commodities, and cryptocurrencies.
FXM Capital Review: Trading Accounts & Fees
The broker offers multiple account types to meet each trader’s individual trading needs. They include Basic ($250), Advanced ($5,000), and Premium ($25,000) Accounts. No commissions are charged on trades.
As broker fees can vary and change, there may be additional fees that are not listed in this FXM Capital review. It is imperative to ensure that you check and understand all of the latest information before you open an FXM Capital broker account for online trading.
FXM Capital Review: Customer Service
The broker’s customer services are on hand to assist traders via telephone and email.
FXM Capital Review: Deposit & Withdrawal
The following payment methods are accepted at FXM Capital:
- Bank transfer
- Credit/Debit Cards – such as Visa, MasterCard
FXM Capital Review: Account Opening
To open an account with this broker, just click on the ‘Sign Up’ button and fill out the form, and then, click on ’Register’.
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 to them.
FXM Capital Review: Conclusion
FXM Capital is an online trading broker that operates from Saint Vincent and the Grenadines, offering multiple financial instruments via the sophisticated MT5 trading platform, along with a range of useful trading tools and educational resources. However, there is no regulatory information on the broker’s website.
FXM Capital’s services include products that are traded on margin and carry a high degree of risk to your capital. You may lose part or all of your investment capital.