MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Details
Is Fizmo Fx Markets a scam?
Wikilix independent safety report
82%Scam risk
Likely scamConfidence: MEDIUM
1.5/5Safety rating 1.5 out of 5
Fizmo FX Markets is very likely a scam. It takes deposits while holding no real financial licence, and traders repeatedly report that their money cannot be withdrawn. The site calls itself a 'Regulat…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation7/10 · HighIdentity & transparency8/10 · CriticalWithdrawals & conduct8/10 · CriticalReputation8/10 · CriticalWebsite claims9/10 · CriticalOperational history7/10 · High
Editorial review
Broker Summary
What Wikilix has recorded about Fizmo Fx Markets: its history, the licences it holds, its trading conditions and its fees.
Fizmo Fx Markets Overview (Summary)
Selecting a broker plays a unique role in a trader’s success. While Fizmo Fx Markets appears to be involved in the online trading sector and intends to provide customers with access to a variety of markets as well as various trading tools, the data available publicly regarding this broker is still very limited. As a result, any trader who is interested in investing with this firm should conduct independent research prior to engaging in any trading activity.
The following is an overview of everything currently known about Fizmo Fx Markets, including its regulation, trading conditions, fees, and level of transparency.
Background
Fizmo Fx Markets maintains secrecy regarding its corporate history. The firm has not revealed the date of its inception or any details about its operational history (including the firm’s leadership, operational milestones, etc.). This lack of transparent information may be viewed as a weakness by traders who prefer to work with an established and well-documented broker.
Market Access and Features
Although there isn’t enough information available to provide concrete details about the products available through Fizmo Fx Markets, it is likely that this broker will offer all or many of the same instruments as most brokers, including:
Forex
Commodities
Indices
Potentially Cryptocurrencies
All traders should confirm that the instruments and account types are available before they open an account with Fizmo Fx Markets since this information is not confirmed by any source.
Regulation and Security
As with all trading firms, the ability of traders to select a broker is heavily dependent upon the ability of that broker to provide regulatory protection for its clients. Currently, however, no regulatory information has been verified regarding Fizmo Fx Markets.
License #: N/A
Status: Limited Information
Accordingly, Fizmo Fx Markets is not currently registered with any regulatory bodies, so traders are strongly cautioned to verify any regulatory protections directly with Fizmo Fx Markets.
Trading Conditions and Platforms
When determining trading conditions, a trader will look at key variables such as spreads, leverage, and technology used to provide trading services. At this time, minimal information is available regarding Fizmo Fx Markets’ trading conditions.
Trading Conditions
Condition: Trading Detail
Spreads: Variable
Leverage: 1:500
Minimum Deposit: 10
Trading Platforms: MetaTrader 5
A trader should be aware that key elements such as execution speed, the availability of accounts, and trading tools have not been verified.
Fees and Fees
One of the most important parts of being able to maintain trading profitability is having a transparent fee structure for all traders to be able to use. Unfortunately, the fee information disclosed by Fizmo Fx Markets is minimal.
Fees and Fees Structure
Fee Type: Trading Fee Details
Deposit Fee: Not disclosed
Withdrawal Fee: Not disclosed
Commission: For ECN account Up to $7 per side per lot.
Spreads: Not disclosed
All traders should request a complete and detailed fee structure prior to depositing any funds with the firm.
User Experience and Reputation
Due to limited verified reviews available on the Internet regarding a firm’s customer service, reliability of trading platforms, and withdrawal processing efficiency, new traders should consider using a demo account to test out the services of Fizmo Fx Markets before making a decision to invest.
No Recent News
As of now, there have been no major announcements regarding an expansion or regulatory update pertaining to Fizmo Fx Markets.
Conclusion
Very little information is publicly available regarding the operation of Fizmo Fx Markets, including their regulatory standing, fee schedules, and trading conditions, along with the lack of credible customer reviews. Overall, while Fizmo Fx Markets may provide easy access to a variety of trading platforms, notably MetaTrader 5, the total lack of available regulatory information raises legitimate concerns.
Previous clients should take the following actions:
Conduct their own due diligence by performing research on Fizmo Fx Markets or seek to identify a better broker with a stronger reputation that has clearly laid out documentation to support their claims.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Fizmo Fx Markets. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Fizmo Fx Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
3 account types on record. Minimum deposit from USD 10. Leverage up to 1:500.
3 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Standard | USD 10 | 1:500 | No commission |
| ProVIP | USD 300 | 1:500 | No commission |
| ECN | USD 500 | 1:500 | Up to $7 per side per lot |
Deposits & withdrawals
Funding Methods
3 ways to fund an account. 2 credit instantly.
3 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Visa/MasterCardCredit Card | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
| Bank TransferBank Transfer | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
| CryptocurrencyCryptocurrency | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
2 domains on record. One active.
2 domains
Company registry check
Company Registration
Fizmo Fx Markets names Fizmo Fx Markets Limited as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- Fizmo Fx Markets Limited
- Registration number
- 2024-00270
- Jurisdiction
- Saint Lucia
- Registry
- Saint Lucia Registry of International Business Companies
- Registered address
- Rodney Bay, Saint Lucia
Peer comparison
Brokers worth comparing
3 other brokers on the record share what Fizmo Fx Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
Fizmo Fx Markets
This recordSaint Lucia · since 2024· Fizmo Fx Markets LimitedWikilix score 31.0RegulationNo RegulationMax leverage1:500Platforms1LicencesNot recordedTradona Markets
Saint Lucia · since 2022· Tradona Markets LtdWikilix score 31.0RegulationRegulatedFinCENMax leverage1:1000Platforms2Licences1Corex Market
United Arab Emirates · since 2023· Corex financing broker LLC.Wikilix score 32.0RegulationRegulatedFinCENMax leverage1:500Platforms1Licences1PSFX
Anguilla · since 2023· PSFX INTERNATIONAL LLCWikilix score 31.0RegulationRegulatedFinCENMax leverage1:400Platforms1Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about Fizmo Fx Markets
Most Popular Questions
Fizmo Fx Markets offers a maximum leverage of up to 500:1. This high leverage level is available for trading on their ECN accounts.
The minimum deposit amount at Fizmo Fx Markets is 10 USD. This applies to their trading accounts as specified in the trading conditions.
Fizmo Fx Markets accepts deposits via Visa/MasterCard, bank transfer, and cryptocurrency. Deposits are processed instantly for cards and crypto, while bank transfers may take several days.
Fizmo Fx Markets supports the MetaTrader 5 platform, which is available on web, iOS, macOS, Windows, and Android devices. MetaTrader 5 offers multi-asset trading with advanced analytics and algorithmic tools.
According to WIKILIX data, Fizmo Fx Markets Limited is not regulated. It operates without any licenses or regulatory oversight as of the provided information.
Comments
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