Fxg market forex broker is another broker that plays fast and loose as regards to the information it provides. In the review below, we take an in-depth look at the features Fxg.market allegedly offers. This review basically answer the questions: is Fxg.market legit? Is Fxg Market reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Fxg.market
Table of Contents
Fxg Market Trading Platform Review
Fxg.market’s website doesn’t look innovative consisting of average and washed out designs, the website feels empty and does not provide necessary information. At first glance, we discover that this broker doesn’t broker support the MT4 or MT5.
This broker uses a Sirix web trader, this platform cannot be compared to the MT4 or MT5 trading platform as they surpass it in every way possible.
This broker has a leverage of 1:10
Fxg.market Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea how a broker might work.
After checking, we discovered that this broker doesn’t give information on its account types.
Fxg.market Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
Standard Debit and Credit Cards
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is Fxg.market Licensed?
Licensing is another important part because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates said brokerage.
In checking the license status of this broker, we had to check several regulatory bodies. We checked the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others. At the end of our search, we didn’t find any licensing information concerning this broker.
To Know if a body licensed a broker. Traders should check regulatory bodies such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others.
Check out the similarities between this broker and PremiumBorsa
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
In fact checking this broker, we found that many of its claims were false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we lead to loss of your funds.
It’s unfortunate that many fell victim to these scam platforms. Thankfully, was able to resolve the issue by reporting to Westinghousef.com. Their assistance in recouping our investments was invaluable. Grateful for their support during a challenging time. do mention Sally as it will give preferntial treatment