FXQM Journal (Broker out of business)
| Journal status: closed FXQM out of business |
FXQM Profile
Website
www.fxqmarket.com
Year
2020
Country
Seychelles
Branches
1
Regulation
FSA Seychelles
Registration
FSA Seychelles
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
0.14 ms
LPs total
...
LPs quality
Tier-1 Banks
LPs names
...
FXQM Accounts
STP
ECN
Minimum Deposit
10 $
100 $
Leverage
3000 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
0 pips
Commission
0 $/lotRT
8 $/lotRT
Volume
100 lots
100 lots
Margin Call
50 %
50 %
Stop Out
30 %
30 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
| Update broker |
Is FXQM safe?
- Investor protection: no
- Regulation: FSA Seychelles
- Registration: FSA Seychelles
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is FXQM trusted?
- Information transparency: sufficient
★★★ - Customer service: virtually non-existent
★ - FXQM website: semi-detailed, updated
★★★ - FXQM popularity (by visitor count): low visits
★★
How FXQM works
FXQM operated FX and CFD provider specialising in low latency connectivity to tier-1 bank liquidity and ECN’S for and unrivalled trading experience.
https://www.fxqmarket.com/about-us
7.11 The Client acknowledges understands, accepts and agrees herewith that the
Company will act as an agent on the Client’s behalf and will endeavour to find the
best Execution Venue (Liquidity Provider) for the execution of the Client’s Orders
placed with the Company by the Client for any Financial Instrument offered by the
Company.
9.17 Expert advisor is not allowed for both accounts, Standard and Premium. FXQM will block and terminate your trading account if we detect any suspicious or any script leads to manipulation, churning, scalping robot, and others. Client’s funds, deposit and profits are not refundable.
9.17 Expert advisor is not allowed for both accounts, Standard and Premium. FXQM will block and terminate your trading account if we detect any suspicious or any script leads to manipulation, churning, scalping robot, and others. Client’s funds, deposit and profits are not refundable.
https://dashboard.fxqmarket.com/uploads/public/company-documents/2021/01/19/30a44edea3d710fb4a2c649c54cbc23b.pdf
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