On-line since: 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. Trading conditions 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. Trading platform 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. Bonuses 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. Payment methods 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. Advantages:
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FW Markets shows the platform that they provide has a low spread, but it's not true. At the beginning, the broker is good. I made some money using EA. But, now I am getting at least 10-20 points unfavorable slippage on every pending orders. And when I make a profit continuously, then set my account 3-5 pips extra spread to any major pairs I trade. I've tried to contact their support team many times, but no one answers me. The same message says the support person is still with other customers and asks me to wait. Never try to trade with this broker. They are not reliable broker.
I switched to FW Markets from XM broker because since FW Markets offer 50% bonus on deposits and high leverage up to 1:500. And also they offer very low spread and regulated by KROUFR. Since 1st day I am making very good profit. Their customer support is first-class, their deposit withdraw methods are very fast. My last withdrawal of $1500 was processed just in 2 hours. Overall, FW Markets is a good broker and no such a big problem faced with this broker.
I have been seeing a few good words about FW Markets. But I am really still hesitant to open an account with them because they are not regulated. I don't want to risk it and end up losing my investment. Besides, there are also a few complaints in regards to their withdrawal system.
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