FWMARKETS

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Advantages:

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Disadvantages:

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About company:

FW Markets is an offshore ECN / STP broker that has been operating since 2013.

About company. Fund security

The company is owned by FW Markets Ltd., registered in Saint Vincent and the Grenadines, with a representative office in Dubai, UAE.

SVG-based International Business Companies (IBCs) provide financial services under a local financial regulatory regime that is one of the most liberal in the world. The procedure for registering brokers is quite simple and not expensive.

If you are planning to invest a large amount of money, we would advise you to choose among brokers regulated in another jurisdiction that guarantee the safety of your funds.

Terms of trade

The company offers 24 currency pairs, gold and silver trading on the MT4 platform. Popular trading instruments like Index and Stock CFDs are not available with FW Markets. However, the website states that the broker plans to increase the number of assets in the future.

There are 3 main account types at FW Markets. They all offer variable spread market execution on MT4 under the No Dealing Desk (NDD) model.

Micro lots are available for trading on Gold and Platinum accounts. In fact, the spreads on these accounts exceed the average range of 1.0-1.5 pips for EUR / USD. On the other hand, the trading costs on the Diamond (ECN) account are low and competitive, however the minimum deposit on this account is $ 10,000. We would not recommend investing this amount in an offshore brokerage company.

Trading platform

FW Markets offers its services on the MetaTrader 4 (MT4) terminal, available for both PC and mobile devices.

The platform has an intuitive interface, a number of technical indicators for analysis, an expanded set of charts and the ability to develop and use Expert Advisors (EA).

Bonuses

FW Markets offers a 50% deposit bonus up to $ 5,000.

Traders can also receive $ 10 to their trading account from a broker.

In addition, the company holds various contests for its clients, for example, now traders who trade on demo accounts can win from $ 100 to $ 500.

Ways of payment

FW Markets clients can only deposit and withdraw funds from their accounts via wire transfers. The broker does not support the popular Skrill and Neteller e-wallets.

Pros:

MT4; ECN / STP model.

Minuses:

not regulated; no choice of trading platforms; high spreads on interest-free accounts; no CFDs on indices and shares.

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Can the broker FWMARKETS be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. FWMARKETS received a rating of 1 out of 5 on our resource.