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Realfxm Markets Review - is it scam or safe?

Realfxm Markets Review - is realfxm.com scam or good forex broker?

RATING: 1.3 / 1 REVIEWS Realfxm Markets
Realfxm Markets is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Min. deposit  Max. leverage  Spread
X-Standard  $200 1:200 1.4 pips
X-Premium $2 000 1:400 N/A
X-Pro  $5 000 1:400 N/A

 

Realfxm Markets is an offshore forex broker that offers trading on the MT4 platform. Although its trading conditions don’t seem bad, we would not recommend it as a trading partner – the broker does not hold a legit license. Read our full and unbiased review to get all the details.

 

 

Realfxm Markets Advantages

 

MT4 available, high leverage levels

Realfxm Markets offers its services on the MetaTrader4 (MT4) platform, which we always see as a strong side of a broker’s offer. The main advantages of the MT4 are the top-notch charting and analysis tools, support of automated trading strategies called Expert Advisors (EAs), and the programming environment. The latter allows anyone handy with code to create technical indicators and trading bot of his own.

 

 

>> Looking for a better MT4 broker? <<

 

 

Besides, Realfxm Markets says to offer leverage up to 1:400, and demo accounts provide even higher options – up to 1:1000. Leverage ratios that high are considered a plus, because they will suit even the most aggressive trading strategies. Nonetheless, keep in mind that higher leverage brings along greater risk of losses.

 

Spreads not bad, good selection of tradeable assets

Although Realfxm Markets has not indicated any reference spreads, when we tested its MT4 in demo mode, we found the benchmark EUR/USD spread floating around 1.4 pips, and no commission applied. Such trading costs are more or less average for the sector.

 

 

Click on the image to zoom in.

 

Furthermore, we noticed that the broker offers a lot of currency pairs and a good selection of CFDs for trade. The CFDs covered by Realfxm Markets include indices, commodities, precious metals, some stocks and the most popular cryptocurrencies.

 

 

Realfxm Markets Disadvantages

 

Registered offshore

In our reviews we keep reiterating the importance of financial regulation in the forex sector, and this is where Realfxm Markets lacks most. The broker is allegedly owned and operated by Global Investment House Limited, a company registered in the Seychelles. This offshore zone is a popular forex broker destination for providers looking for low registration fees and taxes, as well as freedom from all kinds of regulatory requirements and oversight.

 

In other words, forex brokers in these offshore zone are not subjected to strict oversight on the part of a governmental agency, nor have to follow any stringent rules, such as keeping clients’ funds in segregated accounts, providing insurance in case of bankruptcy, etc.

 

MT4 provided by a third party

When we downloaded Realfxm Markets’ MT4 in order to test it, we noticed another thing worth mentioning. The platform is provided by a third party, Trade Pulse Limited related to another two offshore shady brokers - Trade Pulse FX, and ProFx Market. We don’t know how are these brokers related to Realfxm Markets, but scam brokerages often use different names and domains in an attempt to mislead investors.

 

Spreads not disclosed

As we already mentioned, Realfxm Markets has not disclosed any spreads on its website, which is the good practice of all decent forex brokerages. This means that this broker is not transparent about its pricing and is always a worrisome sign.

 

 

Conclusion

 

Overall, there is nothing special in Realfxm Markets’s offer – trading on the MT4 with high leverage and seemingly good spreads. So, it’s not worth risking even $200 (the minimum investment this broker requires), considering that some well-regulated brokers offer better spreads and are far more transparent about their services.

 

You may check out a list of tightly regulated brokers that meet strict requirements and are under the supervision of UK’s Financial Conduct Authority (FCA):

 


>> FCA-regulated brokers <<

 

 

Here are some of the advantages of trading with brokers licensed in the UK:  they have a good financial standing, as all FCA-licensed financial services providers have to maintain a minimum capital requirement of GBP 730 000; they are subjected to one of the strictest requirements in the world of forex regarding client account segregation, transaction reporting, provision of negative balance protection, and more. Besides, all UK brokers are covered by the FSCS. The latter means that if any of them goes bankrupt, its clients can receive up to GBP 85,000 of their trading capital as a compensation.

 

Here are the highlights of our review on Realfxm Markets:

 

Pros Cons
MT4 available, good selection of tradeable assets Registered offshore
Spreads not bad, high leverage levels MT4 provided by a third party
  Spreads not disclosed

 

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Traders` reviews for Realfxm Markets

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Fraud company

This company is a fraud running for past ten months new scam broker
and they have have connection with another three scam brokers Axnfx.com
TradePulsefx, plus Profx market please guys stay away from these scam brokers

Hameed 04/23/2019
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