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FGS MARKETS

United Kingdom|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.fgsmarkets.com/

Website

Rating Index

Contact

+44 208 089 1783
support@FGSMarkets.com
https://www.fgsmarkets.com/

Licenses

No valid regulatory information, please be aware of the risk!

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+44 208 089 1783

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Company Name

FGSMarkets.com

Abbreviation

FGS MARKETS

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FGS MARKETS · WikiFX Survey

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FGS MARKETS · Company Summary

AspectInformation
Company NameFGS Markets
Registered Country/AreaUnited Kingdom
Founded Year5-10 years
RegulationUnregulated
Market InstrumentsForex, CFDs (indices, bonds, stocks, commodities, precious metals, cryptocurrencies)
Account TypesN/A
Minimum DepositN/A
Maximum LeverageN/A
SpreadsN/A
Trading PlatformsMetaTrader 4
Customer SupportPhone: +44 208 089 1783, Email: support@FGSMarkets.com

Overview of FGS MARKETS

FGS Markets offers a variety of trading assets including forex, CFDs on indices, stocks, commodities, and cryptocurrencies. Founded over 5 years ago in the United Kingdom, it operates without regulatory oversight.

While the MetaTrader 4 platform is available for trading, the company lacks transparency regarding account types, minimum deposits, and maximum leverage.

Its website is intermittently inaccessible, hindering access to essential trading information. Limited educational resources further impede traders' ability to understand market complexities and utilize advanced trading strategies effectively.

Regulatory Status

FGS Markets is not regulated by any financial authority. This lack of regulation means there are no official guidelines or oversight ensuring fair practices or protection for traders.

Pros and Cons

ProsCons
Wide range of trading optionsOfficial website inaccessible
MetaTrader 4 platformLack of educational resources
Unregulated

Pros:

  • Wide Range of Trading Options: FGS Markets offers a wide selection of trading instruments, including forex, CFDs on indices, bonds, stocks, commodities, precious metals, and cryptocurrencies like Bitcoin and Ethereum. This variety allows traders to access multiple markets and diversify their trading strategies.
  • MetaTrader 4 Platform: The platform is well-known for its user-friendly interface, extensive charting tools, and support for automated trading through Expert Advisors (EAs).

Cons:

  • Official Website Inaccessibility: Users experience difficulty accessing FGS Markets' official website at times, which can disrupt trading activities and access to essential account information. This issue could potentially impact user experience and timely access to market updates or account management tools.
  • Lack of Educational Resources: FGS Markets does not provide sufficient educational materials or resources to support traders in improving their trading knowledge and skills. This could hinder beginners' ability to understand market concepts, trading strategies, and platform functionalities effectively.
  • Unregulated: FGS Markets operates without regulatory oversight, which raises risks about consumer protection and the broker's adherence to industry standards.

Market Instruments

FGS Markets offers a wide range of trading options, including more than 45 currency pairs and over 60 CFDs spanning indices, bonds, stocks, commodities, precious metals, and popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash.

Trading Platform

FGS Markets utilizes the MetaTrader 4 (MT4) trading platform, a widely recognized tool in the trading community.

MT4 is renowned for its comprehensive charting tools, offering over 50 built-in market indicators that aid traders in analyzing market trends and making informed decisions. One of its notable features is the capability to execute automated trading strategies using Expert Advisors (EAs) or trading robots. These EAs can be customized and optimized using MT4's proprietary editor, allowing traders to tailor automated trading sessions to their specific preferences and market conditions.

Customer Support

FGS Markets provides customer support via phone at +44 208 089 1783 and email at support@FGSMarkets.com.

Alternative Brokers

Some reputable alternatives for trading forex and CFDs include Pepperstone, known for its competitive pricing and strong execution speeds through MetaTrader 4 and 5 platforms.

IG, a well-established broker, offers a wide range of markets and advanced trading tools with robust educational resources.

Plus500 is recognized for its intuitive platform and comprehensive asset selection, including cryptocurrencies.

Saxo Bank provides a wide product offering with access to global markets and sophisticated trading platforms.

Conclusion

In conclusion, FGS Markets presents several challenges and uncertainties for traders.

Operating without regulatory oversight raises significant risks about transparency and investor protection. The intermittent accessibility of its website and lack of comprehensive educational resources further hinder the trading experience.

These factors underscore the importance of caution when considering FGS Markets as a trading platform, as the absence of regulatory supervision and inadequate support can pose risks to traders' investments and overall trading success.

FAQ

What financial instruments can I trade with FGS Markets?

FGS Markets offers forex pairs, CFDs on indices, stocks, commodities, and cryptocurrencies like Bitcoin and Ethereum.

Is FGS Markets regulated by any financial authority?

No, FGS Markets operates without regulatory oversight.

What trading platform does FGS Markets offer?

FGS Markets provides the MetaTrader 4 platform for trading.

How can users contact customer support at FGS Markets?

Users can reach FGS Markets customer support via phone at +44 208 089 1783 or email at support@FGSMarkets.com.

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.

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