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FXM Financial Group Forex Broker Review

by forex on April 23, 2009

About FXM Financial Group Forex Broker

fxm-financial-groupFXM Financial Group Broker has been in the online trading business since 2003. Although it is a Costa Rica based forex company, it is still regulated by the German bank Wertpapierhandels Bank AG. The company has many good offers such as $1 minimum account, 2 pip spreads (although they do offer 0 spreads for institutional clients), 1:20 to 1:400 leverage, precious metals (like gold and silver) commodities and 24-hour automated trading. Their online customer service is also available 24 hours for chat, and their support staff is comprised of multilingual experts. Mobile forex trading is also supported by FXM Financial Group, as their platform is accessible through palm top and other mobile internet devices. However there are not many comments posted by other FXM Financial Group clients over the internet, unlike other forex brokers.

Basic Broker Details

Site http://www.fxmtrade.com
Country of Origin Costa Rica
Accepted Deposit Modes wire transfer, Moneybookers, WebMoney, any major credit cards
Leverage 1:20 to 1:400
Regulation Body
  • German bank vPE Wertpapierhandels Bank AG (www.varengoldbankfx.com/)
Spread 2 pips (EURO or USD)
Minimum Account Requirement $1

Pros of FXM Financial Group Forex Broker

*Direct “Interbank” access

*Multilingual experts

*Mobile trading

Cons of FXM Financial Group Forex Broker

*Not much client reviews

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