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FWT Markets

South Africa|5-10 years|
Suspicious Overrun|High potential risk|

https://www.fwtmarkets.com

Website

Rating Index

Contact

+27 (0)12 362 0310
support@fwtmarkets.com
https://www.fwtmarkets.com
https://www.facebook.com/FWT-Markets-1370886289724131

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+27 (0)12 362 0310

Other ways of contact

Broker Information

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Company Name

Financial Wealth Trading Markets (Pty) Ltd

Abbreviation

FWT Markets

Platform registered country and region

South Africa

Company website
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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The South AfricaFSCA regulation (license number: 44133) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FWT Markets · WikiFX Survey
Danger A Visit to FWT Markets in South Africa -- No Office Found
South Africa

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FWT Markets · Company Summary

Basic Information & Regulators

FWT Markets is a Forex and CFD broker based in South Africa and is not currently subject to any active regulation.

Safety Analysis of FWT Markets

FWT Markets is currently an unregulated broker, which means that investors' trading activities and funds are not protected on the FWT Markets platform compared to those regulated by stringent regulations such as the FCA in the UK and CySEC in Cyprus. Therefore, investors should be careful to stay away from this FWT Markets Forex broker.

Market Instruments

FWT Markets offers investors a wide range of trading instruments, including over 50 pairs of Forex currency pairs, as well as 11 indices CFDs, gold, silver, and oil.

Accounts & Leverage of FWT Markets

To meet the investment needs of investors with different expertise, FWT Markets offers three different trading accounts: Mini (minimum deposit of $100), Standard (minimum deposit of $150), and ECN (minimum deposit of $500). Mini accounts have the leverage of up to 1:500, and ECN accounts have the leverage of 1:200.

Spreads & Commissions of FWT Markets

Spreads start at 2.5 pips for Mini accounts and 2.5 pips for Standard accounts, with no commission, while ECN accounts come with raw spreads and a commission of $3 per lot.

Trading Platform Available

FWT Markets provides traders with the most advanced MT5 trading platform available, but this MT5 is provided by a third-party company.

Deposit and Withdrawal of FWT Markets

FWT Markets supports traders to deposit and withdraw funds to and from their accounts through a range of convenient methods such as VISA, MasterCard, NETELLER, Skrill, and wire transfer.

Pros & Cons of FWT Markets

The main advantages of FWT Markets:

1. Wide range of currency pairs and CFD products

2. Low accounts deposit

3. Three types of accounts available

The main disadvantages of FWT Markets:

1. Not subject to any regulation

2. Third-party provided MT4 software

3. High spreads on mini and standard accounts

4. Fewer options to withdraw and deposit funds

5. No demo accounts offered


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