FM-FX Review

fm-fx broker logo

FM-FX is an unlicensed Forex broker that started operations in November 2016. They are owned by FM Marketing LTD which is located at: Barrack Road 35, Belize City, Belize. The listed phone number in United Kingdom is: +44 208 068 0485, and the contact email address is management@fm-fx.com.

FM-FX Broker Review

A review of the Forex broker FM-FX reveals that they offer their investors the MetaTrader4 trading platform, which is available as a desktop software, and a web based version. Mobile apps for Android and iPhone are also available. They offer more than 170 assets to trading including all popular Forex pairs, Market Indexes, CFDs for European and American Listed Stocks, along with popular Commodities like Gold, Silver, Crude Oil and Corn.

Their website and customer support is available in English, Russian and French. Leverage offered on Forex trading is 200:1, and spreads on AUD/USD are 3.8.

FM-FX gives bonuses to new traders, and you should read an understand the terms and conditions of bonus money before accepting a bonus. It is the number one cause of broker complaints.

FXfx Forex Brokers Review
FXfx Forex Brokers Review

FM-FX No License

When you are reviewing a Forex broker, the first thing smart investors look for is a valid brokers license. The reason traders use regulated brokers is in the event of a broker going out of business, their money is protected by the government regulator.

FM-FX is not a licensed broker.

There are many licensed Forex brokers who you can trade with, see below. In Canada, Forex brokers must be licensed by the IIROC, and in Australia the brokers are licensed by ASIC.

Best Online BrokersCompare FM-FX

Smart investors always test out multiple brokers, before choosing their broker.

Plus500 is a very popular CFD broker licensed by FCA and ASIC, and their minimum deposit is only $100. Try the Free Demo at: Plus500.com.

Pepperstone is an Australian ASIC licensed broker with a robust trading platform, Learn More at: Pepperstone.com.

What was your experience trading with FM-FX? Please write your review in the comment section below.

FM-FX Review

fm-fx broker logo

FM-FX is an unlicensed Forex broker that started operations in November 2016. They are owned by FM Marketing LTD which is located at: Barrack Road 35, Belize City, Belize. The listed phone number in United Kingdom is: +44 208 068 0485, and the contact email address is management@fm-fx.com.

FM-FX Broker Review

A review of the Forex broker FM-FX reveals that they offer their investors the MetaTrader4 trading platform, which is available as a desktop software, and a web based version. Mobile apps for Android and iPhone are also available. They offer more than 170 assets to trading including all popular Forex pairs, Market Indexes, CFDs for European and American Listed Stocks, along with popular Commodities like Gold, Silver, Crude Oil and Corn.

Their website and customer support is available in English, Russian and French. Leverage offered on Forex trading is 200:1, and spreads on AUD/USD are 3.8.

FM-FX gives bonuses to new traders, and you should read an understand the terms and conditions of bonus money before accepting a bonus. It is the number one cause of broker complaints.

FXfx Forex Brokers Review
FXfx Forex Brokers Review

FM-FX No License

When you are reviewing a Forex broker, the first thing smart investors look for is a valid brokers license. The reason traders use regulated brokers is in the event of a broker going out of business, their money is protected by the government regulator.

FM-FX is not a licensed broker.

There are many licensed Forex brokers who you can trade with, see below. In Canada, Forex brokers must be licensed by the IIROC, and in Australia the brokers are licensed by ASIC.

Best Online BrokersCompare FM-FX

Smart investors always test out multiple brokers, before choosing their broker.

Plus500 is a very popular CFD broker licensed by FCA and ASIC, and their minimum deposit is only $100. Try the Free Demo at: Plus500.com.

Pepperstone is an Australian ASIC licensed broker with a robust trading platform, Learn More at: Pepperstone.com.

What was your experience trading with FM-FX? Please write your review in the comment section below.

Reviewed by Scam Broker Reviews
  • Unbelieveable

    PLEASE DO NOT GET IN TOUCH WITH THIS COMPANY.
    I have been at a low point and they are good sellers so they tell you to invest 250 and I accidentally invested 500. I don’t know how many attempts I have asked for a withdrawal which never eventuates.
    They just keep on bullying you to start trading.
    I cannot believe that they have squandered ALL of my $500 dollars when I had stopped trading at a profit, asked again for a withdrawal and nothing happens.
    I told them my father was sick at the time and I need my money back desperately.
    My father has now died and I still have to borrow from family. I have checked my account today and its ALL GONE!!!
    Thank you so much for squandering my money away you animals!!!!

    • Aarav Ahuja

      o my god they contacted me again. thanks i read your massage i wont contact them. thanks and good luck for your future

    • Lauren “Lulu” Jarvis

      IM very happy to of read this as i was just about to join.

  • Monique Lloyd

    DON’T JOIN THIS COMPANY. I wanted information. They gave me no information until I paid $250. Then a broker calls and goes through details which I didn’t understand. They want you to use your money at the time. For the last 2 months I’ve been trying to get my money back. What is required colour copies of drivers license pazsport credit cards utility bill. Without it they say they won’t pay. Now emails aren’t responded to. Phone lines disconnected. Who do I contact in case they are stealing peoples identities

    • Benjamin Aventador Impulsive S

      Hey buddy , this morning i was so tempted to join in but luckily i have some finance problem so i tell him it would be delay for few week and told them i will let them to ASAP when i got the money to roll in it . but i was doing some research so happen pop on this page , and other forum all feed back are bad not one of them are good at all.
      They called me just now with 2 diffrent number from UK i think you can try to call them . +448433780045 / +448433780049 i think you can check the line registration from before calling , cause im afraid that once you call they will block you straight away . Good luck buddy

    • Jannette H.

      I did the same thing but didn’t get my money back up to now! I wish someone could help us get our money back from these scammers!!!

    • David B L Johnstone

      So, basically, you gave them everything they need to duplicate your identity and rob you blind?

  • Matt Holland

    Happy to no i wasnt wrong, i watched a training video on facebook signed up through that then they called me and wanted 250$ Deposit 😂😂👍 i hung up and had 8+missed calls… Fm fx trading…

  • lolcatz6657

    I never signed up to anything these guys were offering. I am in australia and they were calling from a London number lol. Definitely not suspicious. When i decided to accept the call and answer, after a delay, you could hear lot’s of noise (cheering) in the background. Either a loud tv or they are doing scams at concerts now lol. After i said i didn’t sign up for it, they just said ‘oh, ok then. Bye.’ Didn’t give me a chance to request my details be removed from the system (not that they would even do that lol) They were pretty easy to understand though. Another typical work at home scam.

  • Caitlin Rogers

    I have been jumping from one broker to another, and I am not really thaat type of person that easily persuaded by anyone. So when one good friend of mine introduced this one to me, I can’t really put my investment in here as I know the risks of Forex trading I let her prove it to me that this one is deserving of my attention. So after a year she came back to me showing all the profits she had with this broker, so right now I just invested and will wait what will happen.

  • Henritte Courcelle

    I have read a lot of things about this one and some are positive and some are negative. In fact I don’t know whom to listen to, hence I gave it a try and I am into this right now as of now, it all just started good but will update you again once how my experience gone

  • Nile Rivers

    I put in aud250, played a trade, made $5. I asked for them to send me back that profit. ‘Nooo, meester, you ave to put more to claim more”. How much?”O see, more you put, more you claim, so do like this and please open your bank online so I can see…” –Ok, that won’t happen. Yet I was still sucked in and lodged 10Kaud which I nearly doubled in a week, but then overnight lost the lot. you have to be awake 24/7 to get this right, or really loaded up on tech shit. Cost ya! You get a lot of promises from them, no support.

  • Bane Branko Miljkovic

    DANGEROUS FM/FX
    I HAVE LOST CLOSE TO $10.000.They suck you in with $250 and ask for more money every time.
    They have recorded sound at the background and play it for you.You think yeah this is wright place.Other people a making money I am going to make lots of money.
    Ones you start and than you are finish,
    Your brocker will tell you put more money in and so on.
    WORNING

    • Robert Baum

      This is exactly what happened to me. Start with $250 then put in 5k then more to save the stock from going to 0% then more to get it back.!! This is the worst mistake of my life.

  • Tom Reid

    Ask about dormant account penalties before you even consider signing on (apparently in the terms and
    conditions that no one but lawyers would ever go through in
    detail)….Started the account with 250USD – made a few trades…had a
    computer crash and forgot about FM-FX for a few months….went back in recently to find my entire $250USD had been withdrawn as a penalty for account dormancy. Nasty People with Nasty hidden Policies! Customer service called me after a couple of emails….they had the audacity to remove my last $50 (completely arbitrary?) a few hours after I complained about their dormancy penalty!!. When I politely complained that I never agreed nor signed off to this policy they just laughed at me.

  • Jannette H.

    Don’t ever join with this Trading company! They are nothing but scammers.. I tried to get my money back and complied with all the requirements but still keep asking for more missing documents. I lost hope because their phone numbers here in Australia does not exist anymore. I just realized they are really scammers because they are using foreign names and they said they were based in UK when they’re all filipinos working in that company. I am convinced that these people were just working in the Philippines and I hope the authorities will track them down soon!

    • Robert Baum

      I wish I read this before I started trading.

  • Sunnyfxr

    DONT INVEST MONEY WITH THEM!! I have lost all my money in it. They don’t provide professional advice and just keep asking you to add money in it. They “TAUGHT” you to follow the signals on investing.com but for beginners that is a huge risk. They let my account in huge risk to gain profit, which lead my account got kicked out to the market eventually. They were super push until you invest all your money and the “top” clients. THE MOST IMPORTANT THING IS THEY ARE NOT PROFESSIONAL!!!!!!!! Find the right broker is important.

  • Robert Baum

    Robert Baum.
    I was scammed, Do not trade with FM-FX ever!!!. They promise earnings, but all you do is put more $$ in an lose. As soon as I traded ($250) small i was up, they promised why not trade larger. I did and was negative from the 1st second. They said put more in to get your money back, I tried and no hope!!! They blamed me instead of there unprofessional advice. They said gold was going down So I believed them!!! As soon as I traded a Sell it went up and was Down for weeks until i was 0%. They offered more Bonus$ which is bullshit to the trade. You just end up losing it and the bonus still is on there!!
    Not only that 2 weeks after joining they called and tried to get me to join, which i was already a member. 3-4 other people from the same company called for me to join!!
    They are all Phillipinoes and are really good scammers.
    If you like to throw away money join this team!!!!
    FM-FX are truely full of shit and make it believe your going to retire on this trading!!
    You are now on my hated list at #1.

    • Jenne

      Fully agree they have taken our life savings. Scum of this earth it is about time the Forex Brokers did something about them. Please people just hang up and be strong. If you are in there now take your lose now because you won’t have anything left.

  • Nile Rivers

    I totally agree with you all, 11K later! They congratulate you for doubling your money in a week, then when the shit, or whatever..hits the fan they delete you. The following week. It is a scam, and when a stranger online asks you to open your online bank account for them to see, weeellll, too late already!! They gotcha! Belize City?! Come on.

  • emma

    how do i withdrawl my momey from fmfx they will not give me my money i cant contact them and i want my money thats sitting there

  • Matthew Darragh

    Still waiting since mid October for a withdrawal with constant hounding from me. Does anyone know what legal action can be taken? It seems this company has gone to serious lengths to distance themselves from their wrong doings. However has anyone dealt with https://www.ifsc.gov.bz/about-ifsc/
    International Financial Services Commission Belize

    • Laura Santos

      Hi Matthew, I am in a similar situation. Trying to get out my money and they keep giving excuses.
      Did you get any clue?

  • Paul Smith

    I signed up for FM-fx but believed I was being very cautious. The “broker” who called was convincing so I deposited the $250 to open my account. Next they really push to get you started but when the advised that they had to take remote control of my PC I knew something was wrong. I advised I would not allow that so lets just get on with how to trade. They said that it was the only way for them to show me how to use their software, ie allowing them remote access to my PC. So I stated I was no longer interested and I demanded my money back. For nearly 2 months now they claim to have sent the refund. I was asked to provide a bank account number which I did then they said they would deposit the funds to my credit card used to open the account. Every time I follow up they go on about giving me an ARN number which the bank needs to use to track the reimbursement but when I pass that info onto my bank they state they are no involved in any way in the process to credit a card, the ARN is meaningless to them. Im still going back and forward with FM-fx in the hope that I will see my US$250, even if just bothering them enough means they have less time to scam someone else.