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.
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.
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.
FXMC Review Conclusion
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