Foreignmarketoptions is a contract-for-difference (CFD) broker registered and operating in the United Kingdom, established in 2024. This trading platform offers investors a variety of CFD trading services, covering markets like forex, cryptocurrencies, indices, commodities, and stocks. It is regulated by the Belize Financial Services Commission (FSC).
Company Services
Account Types
Foreignmarketoptions provides clients with demo accounts and three different types of real accounts: Classic, Optimum, and Pro accounts. These accounts are available in personal and corporate versions. Below are the details for the personal accounts:
Classic Account
- Minimum deposit requirement: $100
- Spreads: as low as 0.5 pips
- Minimum trade volume: 0.01 lots
- No trading commissions
- Trading rebate: up to $2 per standard lot per side
- Leverage ratio: up to 1:200 for forex and precious metal trading
- Hedging/margin requirement: 50%
- Execution mode: NDD (No Dealing Desk), market execution
- Margin call/stop-out level: 25%/15%
- Tradable products: includes 36 currency pairs, indices, precious metals, energy, and cryptocurrencies
- Demo account available: Yes
Optimum Account
- Minimum deposit requirement: $10
- Spreads: as low as 1.5 pips
- Minimum trade volume: 0.01 lots
- No trading commissions
- Trading rebate: up to $2 per standard lot per side
- Leverage ratio: up to 1:1000 for forex and precious metal trading
- Hedging/margin requirement: 50%
- Execution mode: NDD, market execution
- Margin call/stop-out level: 25%/15%
- Tradable products: includes 36 currency pairs, indices, precious metals, energy, and cryptocurrencies
- Demo account available: Yes
Pro Account
- Minimum deposit requirement: $100
- Spreads: from 0 pips
- Minimum trade volume: 0.01 lots
- Trading commission: $3.5 per standard lot per side; for high-volume traders, the commission can be reduced to $1.5 per side
- Leverage ratio: up to 1:200 for forex and precious metal trading
- Hedging/margin requirement: 50%
- Execution mode: NDD, market execution
- Margin call/stop-out level: 25%/15%
- Tradable products: includes 36 currency pairs, indices, precious metals, energy, and cryptocurrencies
- Demo account available: Yes
Trading Platform
Foreignmarketoptions supports the MT4 and MT5 trading platforms, offering both desktop and mobile options. However, the official website only provides a web-based trading platform and does not offer download links for MT4 and MT5. Moreover, information about this broker cannot be found on the MT4/MT5 platforms.
Deposit and Withdrawal Methods
The platform only supports cryptocurrency as a method for deposits and withdrawals. Supported cryptocurrencies include Bitcoin, Litecoin, Ethereum, Tether, and Binance Coin.
Contact and Social Media
Foreignmarketoptions only provides customer support through an email disclosed on its official website. Besides this, there are no other contact methods. The platform has not opened any social media channels such as Facebook, Instagram, or Twitter.
Company Background and Regulation
Company Background
According to information available on the Foreignmarketoptions website, the company is registered in the United Kingdom under the name Foreignmarketoptions Limited with registration number 10855,96007, headquartered at 25 Ropemaker St, London UK. The company is regulated by the Belize Financial Services Commission (FSC) with license number 1300895967/3009.
Regulatory Check
Searches on the UK Companies House and the Belize Financial Services Commission's website do not reveal a registered company under the name Foreignmarketoptions Limited. Additionally, the registration number and license number provided on the company's website do not conform to the standard formats used by these agencies.
Furthermore, the UK's Financial Conduct Authority (FCA) listed Foreignmarketoptions Limited as an unauthorized company on its warning list on July 25, 2024.
Conclusion
Traderknows alerts investors that Foreignmarketoptions does not have a corporate entity nor is it authorized and regulated by any financial regulatory body. Investors should exercise caution when choosing brokers and prioritize those platforms that are highly transparent and strictly regulated to avoid financial losses and reduce investment risks.
