Note: FPCMarkets official site - https://fpcmarkets.com is currently on sale and not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is FPCMarkets？
FPCMarkets is an international broker who offers online trading services to global clients. However, concerns arise due to the absence of regulatory oversight and a dormant website which is for sale currently, casting doubts on its reliability and credibility.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. At the end of the article, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
Cons:
Lack of regulation: FPCMarkets operates without regulatory oversight, raising concerns about fund security and trader protection.
Website unavailable: The platform's inaccessible website indicates operational issues, compromising reliability and hindering access to essential services.
No MT4/5 platforms: Absence of widely used and versatile trading platforms like MT4/5 limits options for traders and deter interested clients.
Lack of transparency on trading conditions: Insufficient information provided regarding trading conditions such as spreads/market instruments/commissions leave traders uncertain about costs and risks.
High minimum deposit: The platform imposes a high minimum deposit requirement of USD 250, excluding traders with limited funds and reducing accessibility to their services.
Is FPCMarkets Legit or a Scam？
When considering the safety of a brokerage like FPCMarkets or any other platform, it's important to conduct thorough research and consider various factors.
User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the broker's operations.
Security measures: So far we cannot find any security measures of this broker.
In the end, choosing whether or not to engage in trading with FPCMarkets is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Accounts
FPCMarkets' trading terms appear opaque, with minimal disclosed information primarily revolving around their account types, labeled as “funding stages.” The Basic package demands a minimum deposit of $250, but crucial details such as other account info and spreads, commission, additional fees etc. remain undisclosed, leaving traders in the dark about its trading conditions.
Leverage
FPCMarkets boasts a maximum leverage of 1:500, presenting an enticing opportunity for traders seeking amplified positions in the market. This high leverage ratio can enhance profits but also amplifies the risks associated with trading.
Trading Platofrms
The FPCMarkets website promotes a “remarkable” and “client-oriented” web trading platform, promising an exceptional trading experience. However, reports indicate that the platform is inaccessible, casting doubt on the reliability and functionality of the promised web trading platform.
This lack of accessibility hinders traders' ability to execute trades and access essential trading tools and resources.
Deposit & Withdrawal
FPCMarkets purportedly offers payment methods including credit cards and bank transfers for depositing funds, as claimed on their website. However, the deposit menu remains inactive until the account is verified, requiring traders to provide a copy of their ID. This verification process adds an additional layer of security but inconvenienced traders who wish to fund their accounts promptly.
Customer Service
FPCMarkets offers limited customer support with only email and phone assistance available. This restricted range of support channels can lead to delays in resolving queries or issues, frustrating traders seeking immediate assistance. The absence of real-time communication options could also impact overall satisfaction with the platform.
Email: support@fpcmarkets.com.
Tel: +447488810264,
Address: MK, Luj Paster 1000, Skopje 1000, North Macedonia.
Conclusion
In essence, FPCMarkets provides online trading services to its global clientel. Yet, the absence of regulatory supervision and ongoing website accessibility issues cast doubt on its reliability. The vague info on its trading conditions/trading platform/funding methods further heighten the anxieties.
Given these concerns, this broker is a strongly unrecommended one and we advise you exploring alternatives who prioritize transparency, regulatory compliance, and consistent customer service to ensure a trustworthy trading experience.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
