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Forex

FXMC Review – is it scam or safe?

FXMC Review  – Is www.fxmarketscapital.com scam or good forex broker?

RATING: 2 / 1 REVIEWS
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 Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Islamic $2000 0.01 lot 1:100 3 pips
Silver $2000 0.01 lot 1:100 3 pips
Gold $5000 0.01 lot 1:100 2 pips
Platinum $10 000 0.01 lot 1:1000 1 pips
VIP $20 000 0.01 lot 1:1000 1 pips

 

FXMC has five types of trading accounts, including the Islamic swap-free account, which has similar conditions to those of the Silver account. There is no free demo account. The broker offers trading in forex and CFDs on commodities, stocks and indices.

 

 

The Company. Security of Funds

 

Company Country Regulation
 Markets Capital Ltd. UK No

 

FXMC is a brand of the company Markets Capital Ltd. It is based in the UK, but is not regulated by the Financial Conduct Authority (FCA). As a general rule unregulated brokers should be avoided, as many of them are fraudulent and disappear with clients' funds. Of course, not all of them are a scam and many of the properly regulated brokers are quite dishonest as well, but the regulatory oversight at least offers some level of protection for clients and a chance for them to recover their funds in case the broker goes bankrupt.

 

Preferably one should invest with brokers regulated by the FCA or the Australian Securities and Investment Commission (ASIC) as both have strict requirements and exercise tight oversight.

 

 

Trading platforms

 

FXMC provides two trading platforms: MetaTrader 4 (MT4) and Sirix. The eternally popular MT4 is offered only in its desktop version, while Sirix comes as a desktop, web and mobile application.

 

 

Methods of payment

 

FXMC provides many funding options for its clients. The broker accepts payments through bank transfer, debit and credit cards and the electronic wallet systems Skrill, Neteller and CashU.

 

 

Conclusion

 

First and foremost FXMC is not regulated, which should serve as a warning sign for extra caution. The minimum deposit is rather high, even for an unregulated broker, who generally tend to require higher sums than many of the regulated ones, and its spreads are above the average for the industry.

 

Pros Cons
MT4 Unregulated
  High deposit
  Wide spreads

 

 

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Spread

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Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for FXMC

FXMC Request for withdrawal

A week ago I introduced a demand for a withdrawal of 2.000 $ or another amount which I can recover regarding my financial availibility. Until now I didn't receive any reaction. An e-mail has been sent also to your support and info division.
My individual trading platform account number is : 100010659
May I expect an answer from the responsible service ASAP;
Best regards.

Robert Glorieux 08/10/2017
Forex
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