Forex FXQM Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

FXQM Trading Conditions

Registered Region Seychelles

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@fxqmarket.com

Contact Number N/A

Website fxqmarket.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
Multiple account types catering to various trading preferences
Use of MetaTrader 4 platform known for user-friendly features
Competitive leverage options up to 3000:1
Availability of a demo account for practice trading

Cons

Unregulated broker with no oversight
Limited educational resources beyond Economic Calendar
Lack of transparency regarding trading fees
Restricted customer support hours
Absence of advanced trading tools for experienced traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FXQM	ZFX	WisunoFX	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Seychelles	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FXQM Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
ECN Account	Traders seeking direct market access	Tight spreads starting from 0.0 pips	Requires a minimum deposit of $100
Standard Account	Beginners and casual traders	No commission charges, spreads starting from 1.0 pip	Minimum deposit of $10
Copytrade Account	Traders interested in copy trading	Spreads starting from 1.0 pip	Requires a minimum deposit of $50
Prime Account	Advanced traders	High leverage of 3000:1, spreads starting from 1.0 pip	Minimum deposit of $10
Standard Account (Deposit Bonus)	Traders looking to maximize capital	Deposit bonus available, spreads starting from 1.0 pip	Requires a minimum deposit of $100

Account Opening Process

The account opening process at FXQM is designed to be straightforward and efficient. First, prospective traders must complete an online registration form, providing personal details such as name, email address, and phone number. Once the registration is submitted, identity verification is required, which involves submitting documents like a valid ID and proof of address. After verification, traders can select their preferred account type. Additionally, traders have the flexibility to upgrade their accounts in the future based on their trading needs.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.3	$0.03 per lot	Tight spreads for major pairs
CFDs (Stocks, Indices)	Varies	Varies	Based on market conditions
Cryptocurrencies (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

FXQM may charge various fees that traders should consider. These could include deposit and withdrawal fees, though specific details are not provided. Inactivity fees may apply if accounts remain dormant for extended periods. Additionally, overnight interest (swap rates) may be incurred for positions held overnight, and currency conversion fees might apply when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FXQM User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

New York, USA

★ ★ ★ ★ ★

I faced significant issues with withdrawals. It took ages to process my request, and customer support was not very helpful in addressing my concerns. I would advise caution when trading with them due to their unregulated status.

Emily Chen

Sydney, Australia

★ ★ ★ ★ ★

Overall, I had a decent experience with FXQM. The MT4 platform is user-friendly and offers great tools for analysis. However, I wish there were more educational resources available for beginners.

Michael Johnson

London, UK

★ ★ ★ ★ ★

I regret opening an account with FXQM. The lack of regulation is concerning, and my attempts to get assistance from customer support were frustrating. I wouldn’t recommend this broker.

Sofia Martinez

Madrid, Spain

★ ★ ★ ★ ★

I’m really impressed with FXQM! The variety of trading instruments is fantastic, and the execution speed is excellent. I appreciate the demo account feature, which helped me get started without risking my funds.

Seychelles Market