FNmarkets Forex broker review — Everything you need to know

FNmarkets is the company’s trade name and website name, and the official legal entity behind it is also FNmarkets LTD, which is a regulated foreign exchange company. It offers several accounts, competitive conditions, and access to an advanced trading app.

In this unbiased review of FNmarkets, we will assess its safety, account types, trading costs, leverage, profit withdrawal policies, support options, and so on. After reading this review, you will define whether you can trust this broker.

FNmarkets Overview of the website

FNmarkets is a young forex broker that was established in 2024. It operates under an offshore license and offers several account types. The website is modern, minimalistic, and super responsive, enabling users to quickly navigate around. All important trading conditions are available on the main page, and there is also a menu to access what you are looking for. The broker offers traders high leverage up to 1:500, and a low minimum deposit of just 50 USD. The website has a clean and mobile-friendly interface, and traders can access their MT5 trading accounts very comfortably, together with support for live chats and a client dashboard. Overall, the website is very appealing but functional at the same time, which is crucial in the foreign exchange sector.

FNmarkets security and licenses

FNmarkets is a broker that is overseen offshore by the Mwali International Services Authority (Comoros). Offshore regulators are not strict and leave plenty of room for scams and fraud. However, the broker acquiring at least one license shortly after its establishment is a good sign. All client money is kept in segregated bank accounts, which is a crucial protection policy. However, FNmarkets states that it does not provide negative balance protection, which makes it very risky for beginners. This is because it is easy to lose more than the trading account balance when leverage is up to 1:500, and beginners can easily become liable for losses beyond their initial investment.

FNmarkets Accounts Reviewed

FNmarkets has two main account types and an Islamic trading account. The Standard and Raw accounts are both super competitive and designed to provide a low-cost trading environment. The standard is for general traders, while the raw is suitable for scalpers because of its 0 pip spreads.

FNmarkets Standard Account is a commission-free account, with the following trading conditions:

• Minimum deposit – $50
• Maximum leverage – 1:500
• Spreads – From 0.8 pips
• Commissions – $0
• Minimum lot size – 0.01 lots
• EAs and Hedging – Allowed
• Scalping – Allowed
• News trading – Allowed

FNmarkets Raw Account is designed for scalpers but has very low deposit requirements, and here is what it has to offer:

• Minimum deposit – $50
• Maximum leverage – 1:500
• Spreads – From 0.0 pips
• Commissions – $7 per lot round turn
• Minimum lot size – 0.01 lots
• EAs and Hedging – Allowed
• Scalping – Allowed
• News trading – Allowed

FNmarkets Islamic Account offers a no-interest trading environment with low spreads and 0 commissions. Here are its specs:

• Minimum deposit – $50
• Maximum leverage – 1:500
• Spreads – From 0.8 pips
• Commissions – $0
• Minimum lot size – 0.01 lots
• EAs and Hedging – Allowed
• Scalping – Allowed
• News trading – Allowed

Deposit and withdrawal options at FNmarkets

FNmarkets supports a variety of funding methods, including Visa, MasterCard, Apple Pay, Sticpay, and bank wire transfers. Deposits are processed instantly and free of charge, while withdrawals follow the same methods. There are no additional commissions for transactions by FNmarkets itself, but depending on the payment method selected, third-party providers might apply fees.

FNmarkets Assets — What can you trade?

Traders can access a broad selection of CFDs on forex, indices, commodities, and cryptocurrencies. This allows both short-term (scalpers, intraday traders) and long-term traders (swing traders, trend-followers) to speculate on price movements in global markets. High leverage of up to 1:500 and tight spreads make it a flexible trading environment for active traders.

Trading platforms of FNmarkets

The broker operates on MetaTrader 5 (MT5), one of the most advanced trading platforms in the world. MT5 supports automated trading, copy trading, and advanced technical analysis tools, including custom indicators. It is available on desktop, web, and mobile devices, giving traders full control over their trading strategies. VPS hosting is also offered for improved stability when using Expert Advisors.

Education at FNmarkets

FNmarkets currently lacks a dedicated educational section on its website. There are no tutorials, webinars, or market analysis tools available. This is disappointing for beginners who rely on learning resources to improve their trading knowledge. There is a free demo account offered, though, enabling anyone to test strategies or practice in live markets with paper money.

FNmarkets Customer Support

Customer support service is available through live chat, email, and phone channels. The live chat system is responsive and easy to use directly on the broker’s website. Support is offered in English and Spanish, which covers most traders’ needs but limits multilingual access.

FNmarkets bonuses and promotions

At this stage, FNmarkets does not offer any bonuses or promotional programs. There are no welcome bonuses, deposit rewards, or trading contests. This minimalistic approach focuses more on trading conditions rather than incentives.

Is FNmarkets your broker? Final verdict

FNmarkets is a newly launched forex broker (2024) offering low spreads, an MT5 app, and flexible leverage of up to 1:500. It is suitable for experienced traders who value tight spreads and fast trade execution. However, the offshore MWALI license, lack of negative balance protection, and missing educational content make it less ideal for newbies and risk-averse traders.

FAQs on FNmarkets broker

Where is FXCess based?

FNmarkets is registered and regulated by the Mwali International Services Authority in the Comoros Union, with payment processing handled through Cyprus.

Can you withdraw from FNmarkets?

Yes, withdrawals are available through multiple methods such as cards, e-wallets, and bank transfers.