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FxTradeMarket Review

  1. Fxtrademarket is a forex and CFD broker that, much like most brokers, gives South African traders the ability to trade CFDs in cryptocurrencies, stocks, forex, commodities and indices. Is Fxtrademarket a trustworthy broker though, or should South African traders stay away?

    Read our full review and final conclusion to find out all you need to know about this new broker

    Fxtrademarket Demo Account

    Fxtrademarket has three different options of trading accounts for South African investors. The minimum deposit for the first account, known as the Silver Account, is $250 – which is the most common amount to begin trading with any broker. The CFD broker does not disclose information on the deposits required to open their most advanced accounts, so South African traders would be advised to contact the broker for this information once they register. Either way, beginners almost always go with the first account offered, so if you are a beginner – no need to worry about the advanced accounts.

    Another thing you will notice when looking through these accounts is the trading signals offered. As stated, when trading through Fxtrademarket directly, these are limited but can be very useful for South African investors. Unfortunately FXTradeMarket does not offer FXTradeMarket demo account.

    Details of each account are listed below.

    Silver Account

    • $250 minimum deposit
    • Limited trading signals
    • 1 on 1 basic training
    • Personal account manager
    • Education center (basic package)
    • 24/7 customer support

    Gold Account

    • Minimum deposit disclosed upon enquiry
    • Limited trading signals
    • 1 on 1 basic training
    • Personal account manager
    • Education center (intermediate package)
    • 24/7 customer support
    • 1 month of 1 on 1 training by pro-trader

    Platinum Account

    • Minimum deposit disclosed upon enquiry
    • Full trading signals
    • 1 on 1 basic training
    • Personal account manager (24/7 contact)
    • Education center (complete package)
    • 24/7 customer support
    • 3 months of 1 on 1 training by pro-trader

    By trading with Fxtrademarket, South African investors will be given the opportunity to trade CFDs in over 100 underlying assets, which include markets like forex, cryptocurrencies, indices, commodities and stocks.

    As for the trading platform, the CFD broker offers a simple web trader, which is perfect for beginners. It is easy to navigate and understand, as well as user-friendly. As the name suggests, this is a web-based platform which South African traders can access directly through the Fxtrademarket website. With web traders, no downloads or installations are required, like many other trading platforms. The only thing needed is an internet connection and you are good to go.

    In addition to their platform, Fxtrademarket offers South African traders a simple education center through which they can get some basic information regarding trading forex and cryptocurrencies in particular.

    Warning: Always make sure to have some basic understanding of the online trading market through some personal research. All trading entails risk and no one should ever invest any money before gaining a general understanding of how the process works and the exact risks involved.

    FXTradeMarket Scam

    The broker offers South African users 24/7 customer support via email or the contact form on their website. There is no contact number provided, let alone a South African number that would suit our traders.

    Fxtrademarket accepts the basic payment methods of bank wire transfer or credit card (Visa, Mastercard).

    There appears to be no information on their official website regarding the company behind Fxtrademarkets.

    Our team could not find any evidence that Fxtrademarket is a scam. It has features like many other CFD brokers in the market, but keeps to the bare minimum.

    Binary Option South Africa
    Conclusion: We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10! Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk

Fxtrademarket articles