FNmarkets: FSC licence GB25204149

Nothing on record says that it is. The Comoros authority that licenses the forex service does not require client funds to be segregated, and no commitment to segregation is published by the operator. A client should assume deposits sit alongside company money unless the broker states otherwise in writing.

This could not be established. No restricted-country list, accepted-country list or eligibility clause is on record for this operator, so there is no reliable statement of which jurisdictions it will and will not onboard.

Yes. The Islamic account is the swap-free tier, with variable spreads from 0.8 pips, the same 50 USD minimum deposit and the same 1:500 maximum leverage as the other accounts.

This is not published. Neither the processing time for any payment channel nor the withdrawal fee, minimum or maximum is on record, so the cost and the timing of taking money out cannot be established before an account is funded. That is worth weighing before depositing.

Cards, mobile wallets and cryptocurrency are accepted, including Visa, Mastercard, Apple Pay, Google Pay, Sticpay, Volet and crypto transfers. Deposits are stated to carry no broker charge.

MetaTrader 5 only, running on a single live server. There is no MetaTrader 4 option and no proprietary platform.

It depends on the account. The Raw account quotes variable spreads from 0.0 pips and charges a commission of 7 USD per lot. The Standard and Islamic accounts quote from 0.8 pips and charge no commission. No account-keeping or inactivity fee is applied.

Up to 1:500 on every account. That is several times the retail limit imposed by regulators in the United Kingdom, the European Union and Australia, and it is available because the offshore licence sets no cap. Leverage at that level magnifies losses as much as gains.

50 USD. The same minimum applies to all three accounts, Standard, Raw and Islamic.

The brand runs through two companies. FNmarkets LTD, registered in the Comoros, holds the forex licence. FNmarkets (Mauritius) Ltd, incorporated on 21 July 2025 under number C224178, holds a Mauritius securities licence. The Mauritius entity reports that it has no corporate parent and is held by natural persons, who are not named publicly.

There is no evidence that FNmarkets is a scam. It is a licensed operation with two named companies behind it, one of which is confirmed on an official corporate registry. The concern is not fraud but recourse: the licence covering its trading service requires no segregation of client money and funds no compensation scheme, so a client who runs into trouble has very little to fall back on.

Only offshore. FNmarkets LTD holds an in-force brokerage licence issued in the Comoros by the Mwali International Services Authority, number BFX2024210, valid to 20 November 2026 and covering foreign exchange dealing. There is no licence from a regulator in the United Kingdom, the European Union, Australia or any comparable retail market.