FW Markets review
About the company:
FW Markets is an offshore ECN/STP broker established in 2013.
About company. Safety of funds
The company is owned by FW Markets Ltd., registered in Saint Vincent and the Grenadines with representative office in Dubai, the UAE.
International business companies based in Saint Vincent and the Grenadines provide financial services in accordance with the local financial regulations, which are the most liberal in the world. The procedure for registering brokers is quite simple and cheap.
If you plan to invest a large amount of money, we would advise you to choose a regulated broker registered in another jurisdiction that guarantee the safety of your funds.
The company offers trading 24 currency pairs, gold, and silver on the MT4 platform. Popular trading instruments, such as CFDs for indices and stocks, are not available. However, there is information on the website that the broker plans to increase the number of assets in the future.
FW Markets offers 3 main types of accounts. All of them enable variable spreads on MT4 using the No Dealing Desk (NDD) model.
Micro lots are available for trading on the Gold and Platinum accounts. The spreads on these accounts exceed the average value of 1.0-1.5 pips for EUR/USD. Still, trading expenses on the Diamond account (ECN) are low and competitive, but the minimum deposit on this account is $10,000. We do not recommend investing such big funds in an offshore brokerage company.
FW Markets gives access to the MetaTrader 4 (MT4) platform available for PC and mobile devices.
The platform has a user-friendly interface, technical indicators for analysis, a wide range of diagrams and ability to develop and use EAs.
FW Markets offers a 50% bonus for a deposit up to $5,000.
Also, traders can get $10 to their trading account from the broker.
In addition, the company organizes various competitions for its clients, for example, holders of demo accounts can win from $100 to $500.
FW Markets clients can deposit and withdraw funds only through bank transfers. The broker does not support such popular electronic wallets as Skrill and Neteller.
FW Markets 1/10 (votes 2184)