FGMarkets Review: Pseudo-Intermediary or Innovative Broker? Customer Reviews
FGMarkets Review: Pseudo-Intermediary or Innovative Broker? Customer Reviews
FGMarkets is a brokerage company that attracts traders’ attention with its innovative solutions for trading various assets. However, it is important to take a closer look at this platform to avoid the potential risk of encountering fraud.
Information about Glastrox Trade Ltd Company
FGMarkets is owned by the offshore company Glastrox Trade Ltd, based in the Marshall Islands. The company’s address is listed on the official website as Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. It is worth noting that this address is often used by scammers, raising doubts.
The company is also associated with Keyword Services Limited, a payment agent based in Cyprus at Megalou Alexandrou, 1 Sea Breeze Court, Of. 104 (Limassol).
Regarding the license, the FGMarkets website states that Glastrox Trade Ltd operates under the regulation of the private regulator PIPSEC (document number – 91238). However, this regulator is relatively unknown, casting doubt on its reliability.
Creating an Account on FGMarkets
The registration process on FGMarkets may seem complex as it requires providing a lot of personal information, including annual income, addresses, and other details. It is important to be cautious when providing your data as its misuse by scammers can be dangerous.
To create an account on FGMarkets, you need to provide information about yourself, contact information, and account details. However, it is important to pay attention to the terms of service and legal documents as they may not be in favor of clients.
FGMarkets Trading Conditions
FGMarkets offers trading in currency pairs as well as contracts for difference on various assets. The company claims to be ready to provide support in trading; however, it is important to remember that this support may be in the interest of the scammers themselves.
Trading accounts on FGMarkets have different conditions, minimum deposit requirements, and available instruments. However, it is important to pay attention to the conditions offered by the broker as they may not be advantageous for clients.
Former Clients’ Reviews of FGMarkets
Reviews of FGMarkets can vary, but it is important to consider not only positive but also negative opinions. The company faces criticism from real clients who point out difficulties in withdrawing funds and other issues.
FGMarkets Review Summary
In conclusion, it is important to be cautious when choosing FGMarkets as a broker. It is crucial to consider the risks associated with fraud and carefully study the terms of cooperation with the company before investing funds. It is necessary to be prudent and assess all risks before deciding to collaborate with this company.