Margin FX Markets Review
Overall Rating
4.9/5
Rated #2 of Recommended FX Brokers
10 USD
RegulatorsSVG
STP/ ECN
Yes
📈 Total Pairs
30+
Islamic AccountNo
Trading FeesLow
24 Hours
A Quick Overview of our Margin FX Markets Review:
- Awards and Recognition
- Accounts
- Types of Accounts
- Deposits and Withdrawals
- Cost and Fees
- Leverage
- Bonuses
- Trading Platforms
- Markets and Instruments
- Safety and Regulation
- Customer Support
- Education and Training
- Research
Below is an in-depth review regarding Margin FX Markets to help you make an informed decision before opening your account or trading on their platform.
A Forex broker like Margin FX Markets provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.
Forex broker services can also be provided for institutional clients and large companies such as investment banks.
Margin FX Markets is the trading name of Margin FX Markets, a company registered in England and Wales and authorized and regulated by the Financial Conduct Authority (FCA).
Margin FX Markets is best known for its regionally recognized FX and CFD services and technological infrastructure that ensures minimum technical issues, while a professional and dedicated customer support team assists clients with advice and solutions round the clock.
Types of Accounts and their Features
Margin FX Markets offers the following account types:
Standard Account
A minimum deposit of 2000 USD is needed to open a Standard Account. Leverage ratios of up to 1:1000 can be used and spreads are fixed or floating, with the commission of 5%.
The minimum lot size is 0.01.
Islamic Account
An Islamic or swap-free account can also be opened with a minimum deposit amount of 2000 USD. A leverage ratio of up to 1:1000 may be used. Spread is floating, and the minimum lot size is 0.01.
Profit STP Account
To open this type of account a trader needs to deposit a minimum amount of 2000 USD. Spread is floating, no commission is charged, and the minimum lot size is 0.01. A leverage ratio of up to 1:1000 may be used in trading.
VIP Account
The VIP account requires a minimum deposit of at least 2000 USD when opened and a leverage ratio of up to 1:1000 can be used. Floating spread and 5% commission are applicable, while the minimum lot size is 0.01.
ECN Account
The ECN Account can only be opened when it is funded with a minimum deposit of 100 000 USD. A maximum leverage ratio of up to 1:1000 can be used, floating spread, and a 5 % commission is applicable. The minimum lot size is also 0.01.
Deposits and Withdrawals
Margin FX Markets requires the following minimum deposit amounts to open the respective accounts:
For the Standard Account as well as the Islamic Account 2000 USD is needed; for the Profit STP Account and the VIP Account 5000 USD is needed, and 100 000 USD is needed to open the ECN Account
A minimum deposit of $2000 is however suggested to open the Standard and Islamic Accounts.
Funding of accounts and withdrawals can be executed via Bank Transfer, Visa or Mastercard, and UnionPay.
Deposit processing times vary between a few hours and one to four business days, while withdrawal processing times also take between one and four business days. The minimum withdrawal amount is also $20
Cost and Fees, Commissions, and Spreads
The cost of trading depends on different factors like commissions, spreads, and margins.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.
The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your account.
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.
While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, it’s trading on shares will incur commission. CFD trades on other markets has no commission but do wrap a spread around the market price of a certain instrument.
Margin FX Markets charges a commission of 5.0% on accounts but the Islamic account commission is USD 20.
Spread is variable depending on the type of account. Deposit and withdrawal fees are charged to the client’s account and inactivity fees may be applicable for idle accounts.
Leverage
Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.
The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $2000 in a trading account and is trading ticket sizes of 100 000 USD/JPY, that leverage will equate to 100:1.
Traders should always keep in mind that, although high leverage offered may be a plus point for the brokerage, but trading at such high leverage should only be attempted by experienced traders that know how to prevent big losses.
Margin FX Markets allows its traders to use a maximum leverage ratio of up to 1:1000
Bonuses
Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.
The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
According to the company website and other sources, Margin FX Markets offers a Welcome Bonus to all new and existing clients. Both welcome bonuses and credit bonuses are however non-withdrawable, non-transferable, and are valid for three calendar months from the date of deposit.
This promotion is only for standard account holders.
Trading Platforms, Software, and its Features
The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
Some companies provide their own proprietary platform, which may benefit traders due to specific characteristics developed by specialists employed by the broker, while others prefer to provide the better-known platforms that were tried and tested through time.
Margin FX Markets offers its clients MetaTrader 4 (MT4) as a trading platform.
The platform offers abundant opportunities like advanced technical analysis, flexible trading system, algorithmic trading as well as Expert Advisors to traders and is available in more than 30 languages.
Its user-friendly interface makes it easy to put powerful charting features, real-time quotes, advanced technical analysis, and automated trading capabilities to work. MetaTrader 4 offers leading trading and analytical technologies and additional services.
The MT4 platform is extended with Android and iPhone/iOS apps which provide real-time quotes and trade execution, advanced charting with multiple time frames, pip value calculators, financial market news, and more.
Markets, Products, and Instruments
Most brokers offer all or some of the following market instruments for trading:
Forex:
Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities:
As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.
Indices:
Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.
Precious metals:
This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.
Energy:
The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.
Cryptocurrencies:
Tradable cryptocurrencies include the following:
Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap.
Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability.
Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Margin FX Markets trading instruments include some exotic currencies like Singapore Dollar, Hong Kong Dollar, and Chinese Yuan, as well as CFDs on gold, silver, platinum, oil, indices, and bitcoin.
Safety and Regulation
Before deciding to join a brokerage company to start trading, a potential trader needs to establish whether a broker like Margin FX Markets is safe and secure to trade with.
One of the most reliable benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watching and overseeing its actions and whether the company complies with those regulations.
In general, a so-called “offshore” broker tends to have a less favorable reputation and potential traders should think carefully before investing with them.
Secondly, the safety of client’s funds should be guaranteed and in the case of the company defaulting or going bankrupts, a safety net of some sorts would come in handy to prevent customers from taking more losses.
Being incorporated in Saint Vincent and the Grenadines, Margin FX Markets is registered by the Registrar of International Business Companies and by the Financial Services Authority of Saint Vincent and the Grenadines.
Through its holding company Margin FX Markets, Margin FX Markets is licensed and regulated by the SVG .
Margin FX Markets is a member of The Financial Commission, an international organization aimed at the resolution of disputes within the Forex market.
As an added measure, Margin FX Markets offers professional indemnity insurance with Howden Insurance Brokers of up to 500 000 USD per claim and the broker offers negative balance protection on all accounts.
Customer Support
Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. The ease with which such support teams can be contacted may also play a role when choosing a broker.
The customer support team of Margin FX Markets can be reached via a live chat option, email, and a contact form on the website. Support is available in English, Mandarin, and Chinese.
Research
Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage. Trading successfully relies heavily on knowledge and understanding of the markets and the platforms offered by a broker.
Margin FX Markets offers research options like trade signals and an economic calendar, while they might also find valuable guidance from the educational section.
Conclusion
Margin FX Markets is regulated by the SVG in the United Kingdom. Margin FX Markets does charge commission, have floating spreads and charge deposit and withdrawal fees.
The broker provides MT4 as a trading platform and offers attractive welcome bonuses.
Disclaimer
Margin FX Markets warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors.
Before clients decide to trade the products offered by Margin FX Markets, they are advised to contemplate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.
Especially when traders use Margin FX Markets leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and usi”} promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.
Margin FX Markets at a Glance | |
| Broker’s name | Margin FX Markets |
| Headquarters | Finland |
| Year founded | 2015 |
| Regulating authorities | SVG |
| Countries not accepted for trade | United States |
| Demo account | Yes |
| Islamic account (swap-free) | Yes |
| Institutional accounts | Yes |
| Managed accounts | Yes |
| Maximum leverage | 1:1000 |
| Minimum deposit | $2000 |
| Deposit options | Bank Transfer, Visa or Mastercard, UnionPay. |
| Withdrawal options | Bank Transfer, Visa or Mastercard, UnionPay. |
| Platform(s) provided | MT4 |
| OS compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| Tradable assets offered | Forex, Indices, CFDs, Precious Metals, Oil, |
| Customer support languages | English, Mandarin, Chinese |
| Customer service hours | 24/5 |