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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

FXMarket

United Kingdom|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|Australia Appointed Representative(AR) Revoked|High potential risk|

http://www.fxmarket.net/en/

Website

Rating Index

Contact

+1(604)357-3505
support@fxmarket.net
http://www.fxmarket.net/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

Licensed Institution:QIMI MARKET PTY LTD

License No.:001282243

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
3

Basic information

Registered region
United Kingdom
Operating period
5-10 years
Company Name
QIMI FXMARKET LTD.
Abbreviation
FXMarket
Company employee
--
Customer Service Email Address
support@fxmarket.net
Contact number
16043573505
QQ
2762888534
Keywords 5
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Australia Appointed Representative(AR) Revoked
High potential risk

Nuotrader

Hong Kong

The account was blocked. Fraud platform. The website was unavailable. Beware.

Exposure

2021-09-28

Andy loh

Malaysia

My account was disabled. The platform might run away.

Exposure

2021-09-23

FX3517856271

Philippines

As I am new to forex I will not give a overall review only what I have noticed. There is a delay in entering a trade and exiting, this delay appears to allow them to manipulate the pips. On average they pick up 1 pip on entering and 2 on exiting . I joined due to there advertised low spreads, when the 3 pip loss is taken into account itis not such a good deal. I find there claims misleading. Not sure if you would call this a scam. I have not yet tried to withdraw funds so cannot comment.

Exposure

2021-09-14

太阳96698

Hong Kong

Unable to log in the app. The customer service did not reply.

Exposure

2021-09-09

小智97670

Hong Kong

The software was blocked. The platform might run away.

Exposure

2021-08-30

see96802

Hong Kong

Fraud platform. No response.

Exposure

2021-08-27

FX3783757088

Hong Kong

My account was blocked after half a month. I was unable to log in.

Exposure

2021-08-23

郭毅34309

Hong Kong

Unable to withdraw.

Exposure

2021-08-23

海盗船长没有船

Hong Kong

My account was blocked. The customer service said it was closed by MT4.

Exposure

2021-08-23

惜福之灵

Hong Kong

The customer service did not reply.

Exposure

2021-08-23

FX3783757088

Hong Kong

The withdrawal took half a month.

Exposure

2021-08-19

see96802

Hong Kong

The platform had severe slippage at night. It was a scammer. Other platforms will make up for slippage.

Exposure

2021-07-21

see96802

Hong Kong

I couldn’t get my deposit back. The customer service of 2762888534 was never available. Fraud platform. Beware of it.

Exposure

2021-07-21

惜福之灵

Hong Kong

They change their website to www.qimifxmarket.com

Exposure

2021-07-04

楠哥哥

Hong Kong

This black platform. . We don’t give the principal, say that we don’t give the black account’s principal, and we don’t give the super black principal.

Exposure

2021-06-05

咕哒哒世界

Hong Kong

I have been withdrawing money for more than a week, and I have contacted customer service many times during the period. I also submitted various documents to prove but I can not withdraw the money to the account. It was delayed and did not solve the problem for me. Now even the customer service does not reply. .

Exposure

2021-05-28

FX1045535520

Hong Kong

The withdrawal on May 19th is not available on May 28. Ask the customer service customer service to say that it is normal and close the chat. This platform is awesome. Black platform

Exposure

2021-05-28

jerry。

Hong Kong

Can't log in or withdraw funds. The customer service said I have to wait

Exposure

2021-01-19

二哥

Hong Kong

I made a deposit of US$1,000 on FXMarket on January 11, 2021, and made a profit of US$2,726. I applied for a withdrawal on January 16, and the platform directly banned my account. I was also deducted US$250 from my principal. The platform hopes that everyone will not deposit funds here, fraud platform.

Exposure

2021-01-19

S1530

Hong Kong

I recharged $1,000 to open a position on the platform to make an order. On Sunday, I logged on mt4 and found that all my profits had been deducted. Now the account has been closed, and my principal has been deducted, and I have not received any Information, they just blocked my account for no reason. Isn't this a typical fraud? If you make a profit, you will be blocked and the principal will be swallowed. A typical fraud platform doesn’t even have a dedicated marketing manager. Anything is going to the official website to find customer service. It’s not formal at all. I don’t know where the scammers come from. I hope that the majority of investors must be cautious when seeing my exposure, free from being cheated

Exposure

2021-01-19

24
Account Information
WikiFX Data
Marketing Strategy
Website
Company Summary
Review

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Total Margin Trend

VPS Region User Products Closing time
Dubai 973*** XAUUSD 12-23 05:22:43
Frankfurt 811*** XAUUSD 12-23 04:56:27
Seoul 504*** XAUUSD 12-23 04:56:26

Stop Out

0.97%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

Website

  • qimifxmarket.com

    Server Location

    United States

    Website Domain Name

    qimifxmarket.com

    Website

    WHOIS.GODADDY.COM

    Company

    GODADDY.COM, LLC

    Domain Effective Date

    2021-02-27

    Server IP

    34.98.99.30

  • fxmarket.net

Company Summary

General Information & Regulation

Founded in 2002, FXMarket is an international professional stock index broker with headquarters in London, UK and offices in the US, Canada, Hong Kong, Malaysia, and St.Vincent, providing one-stop trading services including precious metals, commodities, stock indices, Hong Kong and U.S. stocks, bonds, and digital currencies. FXMarket (QIMI FX MARKET LTD) is an important part of FXMarket Group's globalization strategy in East and Southeast Asia. As a sub-brand of the Group, the QIMI stock index since its inception is the focus on the layout of the Asia-Pacific region and customer development to explore the various needs of Chinese customers around the world. The FX Market platform currently holds an authorized representative license from ASIC (license number: 001282243) and a general financial license from NFA (license number: 0527475), as well as being regulated offshore by the St. Vincent's Financial Conduct Authority.

Market Instruments

FXMarket offers financial instruments including index futures, stock CFDs, metals, commodities, and digital currencies.

Minimum Deposit

FXMarket has three types of accounts: the Standard (minimum deposit of $100), the VIP (minimum deposit of $5,000), and the ECN (minimum deposit of $20,000). The initial deposit of $100 is quite affordable for most regular traders.

FXMarket Leverage

Forex leverage is available from 1:50 to 1:1000 for standard accounts, 1:50 to 1:400 for VIP accounts, and 1:50 to 1:200 for ECN accounts.

FXMarket Spreads

FXMarket claims that spread on EURUSD amounts to 1 pip on its platform, but other fees like commissions are not fully disclosed.

Trading Platforms

FXMarket offers traders the most popular MT4 trading platform available today, as well as MT4 PC, MT4 Mobile, MT4 Web, and My FXBook automated trading. FXMarket MT4 forex trading accounts, linked to a variety of world-class Forex trading platforms, allow you to trade forex anytime, anywhere, whenever the market is open. All FXMarket trading platforms support real-time bi-directional links to MT4, and all MT4 trading platforms are updated simultaneously, meaning that you can place, close, pending and modify all orders in real-time, whether from your computer via client-side, browser, or cell phone, or iPad.

Deposit & Withdrawal

FXMarket supports a variety of deposit methods for traders. Traders can pay via domestic banks, international bank transfers, WeChat, Alipay, Cloudflare, online credit cards, and savings cards. The currencies available for internet banking transfers are USDT and RMB, and bank wire transfers (international SWIFT) are available in USD, EUR, GBP, and JPY. The single transaction limit for WeChat/Alipay/Cloud Flash Pay is US$100 - US$2,000. With regard to withdrawals, the deposit platform does not charge any fees (excluding international wire transfers and wallet payments). There are three free withdrawal opportunities per month for a single account for those who submit RMB withdrawal requests via the China UnionPay channel.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Australia Appointed Representative(AR) Revoked
  • High potential risk
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