Launched in 2014 in the Marshall Islands, FGMarkets is an online retail broker that operates the STP execution model, which offers access to the interbank markets. The broker provides traders with the MT4 trading platform to ensure hitch-free trading of multiple financial assets — forex, stocks, bonds, commodities, and indices. In addition, they offer various educational resources, helpful trading tools, and the services of a competent client support team. Their clients benefit from competitive trading conditions, including low variable spreads, leverage of up to 1:500, competitive commissions, and more. The minimum deposit required to start trading is $100.
FGMarkets Review Introduction
In this FGMarkets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including FGMarkets.
FGMarkets Platforms & Tools
FGMarkets allows clients to conduct all their trading activities on the MT4 trading platform. It is an advanced trading platform, and it is replete with a plethora of advanced trading tools. The platform was launched in 2005 and has grown significantly to become the most preferred trading platform among forex and CFD traders. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is compatible with smartphone phone devices, running on Android and iOS. The mobile app can be downloaded from the relevant app stores and used to place trades and check trading positions while on the go as long as you are connected to the internet.
Traders are also provided with standalone trading tools to make up for those lacking in the MT4 trading platform. These useful trading tools include comprehensive tables that display the rollover fees, commission rates, dividends, and public holidays.
FGMarkets Research & Education
An FAQ section is available on the broker’s website to answer some of the clients’ most common questions.
FGMarkets Trading Accounts
The broker’s clients can choose the account type that best suits their trading objectives from a choice of three trading account options. The account types include Live, Live Premium, and Demo accounts. The accounts are denominated in USD, EUR, and GBP. The minimum deposit required to begin trading is $100.
FGMarkets Account Funding
Bank transfers and credit/debit cards are the accepted payment methods at FGMarkets.
FGMarkets Customer Service
The broker provides traders with a multilingual client support team who are available 24/5 and can be reached through the following contact channels: telephone, email, and an online contact form.
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 Review Summary
Putting it all together, FGMarkets is an online services provider that has been around for several years, providing traders with unhindered access to the global financial markets. They provide traders with essential trading resources, including an advanced trading platform, useful trading tools, educational resources, and a 24/5 client support team. The minimum deposit required to start trading is $100.
It is worth mentioning that some of the trading products and services in this FGMarkets review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the FGMarkets broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.