Score
FXG MARKETS
United Kingdom|1-2 years| https://fxgmarkets.com/
Website
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Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United KingdomAccount Information
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Website
fxgmarkets.com
Server Location
United States
Website Domain Name
fxgmarkets.com
Server IP
104.21.7.162
Company Summary
| CF MerchantsReview Summary | |
| Founded | 2011-05-12 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex(with 62 currency pairs)/Stock Indices/Oil/Metals/Bonds |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | / |
| Min Deposit | $10 |
| Customer Support | Phone: +44 7862 068336 |
| Email: winfo@cfmerchants.com/support@cfmerchants.com | |
| Facebook, X, LinkedIn, Instagram, Telegram | |
| Live chat | |
CF Merchants Information
Operating worldwide since 2011, CF Merchants specializes in five asset classes: Forex with 62 currency pairs, Stock Indices, Oil, Metals, and Bonds. CF Merchants also offers trader accounts with different trading styles with a 50% deposit bonus and 24/5 live customer support.
In addition to this, investors can also try CFM Copy Trading to manage unlimited accounts and maximize their portfolios. Forex Islamic Account is referred to as a Swap-Free account as there is no swap or rollover interest for every Muslim customer.
Pros and Cons
| Pros | Cons |
| 24/5 Live Customer Support | Unregulated |
| Spread as low as 0.0 pips | MT4/MT5 unavailable |
| 50% bonus offerings | |
| Leverage up to 1:1000 | |
| Islamic accounts available |
Is CF Merchants Legit?
CF Merchants is not regulated, even though it claims to be regulated. However, an unregulated broker is not as safe as a regulated one.
What Can I Trade on CF Merchants?
Forex includes major currencies: EUR/USD, USD/JPY, GBP/USD, USD/CHF, commodity pairs: AUD/USD, USD/CAD, NZD/USD, etc. To start Forex trading you need a broker to trade the Forex market, such as Cfmerchants.com. It offers free Forex trading accounts with no joining fees or monthly account fees.
Commodity trading involves buying and selling various instruments, including oil and gas, metals such as gold and silver, and soft commodities such as cocoa, coffee, wheat, and sugar.
A Contract for Difference (CFD) is a leverage-based derivative product that allows you to trade on the price movements of underlying financial assets such as indices, stocks, and commodities.
Some of the most actively traded real-time index markets include: FTSE 100, Dow Jones, DAX, etc.
In addition, traders can invest in cryptocurrencies such as Bitcoin.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Index | ✔ |
| Cryptocurrencies | ✔ |
| CDFs | ✔ |
Account Type
Swap-free accounts or Islamic accounts provide that there are no negative commissions due to overnight rollovers during periods of uncertainty in the transaction and the outcome of the transaction depends entirely on the currency exchange rate during a specific period.
CF Merchants Fees
The spread is from 0, while the lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Deposit and Withdrawal
The first deposit amounts to $10. For withdrawals of less than $100, $20 per transaction will be charged as a processing fee. All withdrawals will be processed the same as the client-adopted payment system. Bank wire to bank wire, Skrill to Skrill, Neteller to Neteller, Perfect Money to Perfect Money, and credit card to credit card.
| Payment Methods | Min. Deposit | Deposit Fee | Deposit Time | Min. Withdraw | Withdraw Charges | Withdraw Time |
| Bank Transfer | $50 | Depends | 24-48 Hours | $50 | 0% | 24-48 Hours |
| tether | $10 | 0% | Instant | $20 | 0% | 24 Hours |
| Perfect Money | $10 | 0% | Instant | $20 | 0% | 24 Hours |
| bitcoin | $10 | 0% | Instant | $20 | 0% | 24 Hours |
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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