FNmarkets

FNmarkets Broker Overview

FNmarkets is an online forex and CFD brand operated by two companies: FNmarkets LTD, registered in the Comoros, and FNmarkets (Mauritius) Ltd, a Mauritius private company. It offers a single trading platform, MetaTrader 5, three account tiers, leverage of up to 1:500 and a minimum deposit of 50 USD. Its regulatory position rests on an offshore Comoros brokerage licence rather than on supervision in any major retail market.

FNmarkets Regulation and License

The forex permission is held by FNmarkets LTD and was issued by the Mwali International Services Authority in the Comoros under number BFX2024210. It runs from 20 November 2024 to 20 November 2026 and covers foreign exchange, futures, financial derivatives and options trading. A second licence, number GB25204149, was issued in Mauritius by the Financial Services Commission on 8 December 2025 to FNmarkets (Mauritius) Ltd. Its authorised activity is securities trading, and it does not extend to foreign exchange or CFD dealing.

Neither licence was confirmed against the issuing authority's own public register during this review. The Mwali International Services Authority operates no public licensee lookup at all, so the Comoros licence cannot be independently checked by a prospective client.

Is FNmarkets Regulated?

FNmarkets is regulated offshore only. Its forex licence comes from a Comoros authority that sits in the lowest tier of global financial supervision, requires no segregation of client money, runs no compensation scheme and provides no complaints mechanism. There is no licence from a regulator in the United Kingdom, the European Union, Australia or any comparable retail jurisdiction, so a client in those markets is dealing with an entity their own regulator cannot reach.

FNmarkets LTD and FNmarkets (Mauritius) Ltd

The two companies behind the brand carry different permissions and different levels of verification. FNmarkets (Mauritius) Ltd is confirmed on the Mauritius corporate record under number C224178, was incorporated on 21 July 2025 and was previously named FNmarkets Ltd; its registered office is held at a licensed management company in Ebene. FNmarkets LTD, the Comoros company that holds the forex licence, could not be confirmed on any public register, because the Comoros publishes none.

Is FNmarkets Safe?

Safety cannot be established from the available record. The operator is a licensed business rather than an anonymous website, and one of its two companies is verifiable on an official registry. Against that, the permission covering its actual trading service carries none of the protections that make a broker recoverable when something goes wrong, and the operation is young: the earliest documented date attached to it is the November 2024 licence.

FNmarkets Account Types

Three accounts are offered, all sharing a 50 USD minimum deposit and 1:500 maximum leverage:

• Standard: variable spreads from 0.8 pips, no per-lot commission.
• Raw: variable spreads from 0.0 pips with a commission of 7 USD per lot.
• Islamic: a swap-free account with spreads from 0.8 pips.

FNmarkets Spreads, Commissions and Fees

Pricing turns on whether the cost is paid in the spread or in commission. The Raw account quotes from 0.0 pips and charges 7 USD per lot, while the Standard and Islamic accounts quote from 0.8 pips and charge no commission. No account-keeping or inactivity fee is applied. Withdrawal charges are not published, which matters more than usual because it is the one cost a client cannot discover until they try to take money out.

FNmarkets Leverage

Leverage reaches 1:500 on every account. That is several times what regulators in the United Kingdom, the European Union and Australia allow a retail client, and it is available because the offshore licence imposes no cap.

FNmarkets Trading Platforms

MetaTrader 5 is the only platform, served from a single live server. There is no MetaTrader 4 offering and no proprietary platform.

FNmarkets Deposits and Withdrawals

Cards, mobile wallets and cryptocurrency are accepted, with Visa, Mastercard, Apple Pay, Google Pay, Sticpay, Volet and crypto transfers among the published channels. Deposits are stated to carry no broker charge. Withdrawal fees, processing times and per-channel minimums and maximums are not published.

FNmarkets Pros and Cons

• Pro: the forex licence is genuine and in force, and the Mauritius company is confirmed on an official registry under number C224178.
• Pro: a low 50 USD entry point, a raw-spread account at 7 USD per lot, and a swap-free option.
• Con: the only forex permission is offshore, with no client-money segregation, no compensation scheme and no public register to check it against.
• Con: withdrawal costs and timings are undisclosed.
• Con: a very short operating record, with nothing documented before late 2024.

FNmarkets Review and Assessment

FNmarkets is a licensed operation whose protection for clients is thin rather than absent. The question worth settling before funding an account is what happens to the money once it is deposited: the Comoros licence does not require it to be held apart from the company's own funds, nothing is published about withdrawal cost or timing, and no compensation scheme stands behind either company. Those are the terms on which any deposit is made.