FMarketX Broker Review
- 350+ Tradable Assets
- The minimum deposit fee is high
- Not strictly regulated
FMarketX Broker Review – The Real Truth About FMarketX.com Scam
FMarketX faced several regulatory hurdles as the successor of TopIndex, which was banned by several regulatory bodies. Our new domain, however, seems to be a re-run of the same scam.
FMarketX is a fraudulent company, so we recommend you read our FMarketX review. Citadelex, Clyde Trade and InstaForex unbiased reviews will help you gain more trading knowledge.
- Scam Broker Status: Unregulated
- Licensed by: Unlicensed Company (No License)
- Websites used by scammers: FMarketX.com
- Forex Trading Scam: Active
- Listed as a scam by FCA, CNMV, FSMA, A-TVP
- Owner of the broker: Penelope Partnership Ltd
- Country of headquarters: Saint Vincent and the Grenadines
- Year of foundation: N/A
- Trading platforms: WebTrader
- Trading via mobile device: Available
- Deposit Minimum: $250
- Bonus on deposit: None
- Crypto Asset Trading: Bitcoin, Ethereum, XRP (7 cryptos to choose from)
- CFD Trading Option: No, you cannot trade CFDs
- Trading Instruments: Forex, Commodities, Indices, Cryptocurrencies
- Leverage maximum: N/A
- Islamic Accounts are not available.
- Demo Account: No free demo account is available
- US traders are not accepted: US traders are not accepted.
- A Shady Brokerage: Don’t Invest in It! Global Fraud Protection Experts’ Verdict: Don’t Invest in It!
Is FMarketX Safe And Regulated? – The Importance Of Regulation
Although FMarketX forex brokerage didn’t provide us with much information about its owner or headquarters, we found a few things that raised serious red flags. The brand appears to be owned by Penelope Partnership Ltd, the same company that owns TopIndex.
A logical question is whether FMarketX is regulated since it is located in Saint Vincent and the Grenadines.
What’s Wrong With FMarketX License?
Several Tier1 license providers, including the FCA, ASIC, BaFin, and others, provide regulation for FMarketX. The fact that we didn’t have much luck led us to conclude that FMarketX is exactly what TopIndex was – an offshore trading scam.
Additionally, it would be best to avoid illicit brokers like Genix Markets, LiteForex, and SageFX.
Scam Warnings Against FMarketX
FMarketX and TopIndex have been warned several times. We have been notified about the company’s fraudulent activities in the UK, Spain, Belgium, and Slovenia.
Warning Issued by FCA and CNMV
CNMV issued a warning directly against the owner of this entire charade, Penelope Partnership Ltd. According to the UK FCA, Market Financial Solutions Limited is a legitimate UK company used by fraudsters. FMarketX trading scam warnings are in addition to those issued by FSMA and A-TVP.
Negative FMarketX Reviews – Stay Away From Trading Scam
FMarketX scam has a negative reputation among more than just regulators. In multiple reviews, we’ve seen numerous complaints about FMarketX’s withdrawals, platform issues, lack of regulation, and more.
Opening an account with this fraudulent firm is not a good idea if you want your funds to be safe. Pick a broker who is licensed at Tier 1 and who has a compensation fund instead.
Scammed By FMarketX Broker? – Talk To Our Experts Today!
People can file disputes and request chargebacks with Global Fraud Protection. Scam brokers are increasingly prevalent, and we want to assist our clients in getting their money back.
Make your free consultation appointment online, and let’s get back what you’re owed! Keep your hard-earned money safe from scammers!
Get a Callback
Online Trading Complaint Form
FAQ Section:
What Is FMarketX, And Should I Invest Money In It?
The broker is blocklisted all over Europe, so it is an online trading broker that isn’t allowed to trade. Don’t be fooled by this scam broker!
What Is The FMarketX Minimum Deposit?
Wire transfers and credit cards are accepted for deposits at FMarketX.
Are My Funds Safe With FMarketX?
Since the broker is blocklisted everywhere, your funds are not protected.