In this section we will analyze the broker called FXC Markets, a Forex and CFD broker. The broker is based in London, UK.
Now yes, we will go on to analyze the different types of account of the broker, in this case the broker provides the possibility of investing with 4 different types of account.
According to different client emails received by the Recommended Brokers team, FXC Markets has a strong presence in Spanish-speaking countries such as: Chile, Colombia, Spain, Mexico, Peru, and the Dominican Republic.
We will then, to analyze the different types of account:
We will start by mentioning the characteristics of the Silver Account: it is the most "basic", the minimum initial deposit is 1.000 USD, option of fixed or variable spread, suitable for a 30% bonus, flexible leverage, possibility of free VPN included.
This is followed by Gold Account: 2.500 USD minimum deposit, fixed or variable spread option, 30% bonus option, backed margin calls, up to 1: 400 leverage.
The next type of account is the Platinum Account- Minimum initial deposit of USD 25.000, fixed or variable spread option, attractive spreads, trade discount on request, “interesting” leverage.
The last type of account is the Islamic Account- Minimum deposit of 2.500 USD, option of fixed or variable spread, suitable for 30% bonus, backed margin call, flexible leverage of up to 1: 400.
You can see more specifications about the different types of account in the following image:
The types of platform that the broker offers are: MetaTrader 4, Sirix and WebTrader.
Now then, we will go on to analyze the different resources and help that the broker offers to its clients and traders.
In the case of the FXC Markets broker, they have a section where basic concepts such as forex, currencies, CFDs, indices and precious metals are explained. They also have the classic economic calendar, an explanation of how fundamental analysis works, a signal service to operate, a series of educational videos. It should be noted that in order to have access to a part of these resources and tools one must be registered and have an account at FXC Markets.
PrimeFX and FXC Markets, are they the same company?
In the next series of images, on the left the Prime FX or PFX Bank website (you can read here the review about Prime FX) and to the right the website of FXC Markets, we will see similarities that make us believe (thanks to Martin for pointing this out) that it is the same company, or the same people behind the broker:
In this first image, notice the Menu, at the top, it is the same, the sections and their order: "Accounts - Markets - Platforms - Tools & Resources - Partnerships - About PrimeFX / FXC", click aqui to see the image in full size:
In this second image we see the section "Fx Trading Conditions" the texts are exactly the same, click aqui to see the image in full size
Here, we notice in the "Commodities" section again, the texts are exactly the same, click aqui to see the image in full size
In the fourth image the “Risk Disclosure” or Risk Warning, again, the text is exactly the same, click aqui to see the image in full size
In the fifth and last image, in the section “Switch to PrimeFX” and “Switch to FXC Markets”, again, the text is exactly the same, click aqui to see the image in full size. There are more examples on the website that show what we are aiming for.
CFXPoint and FXC Markets, are they the same company?
In addition to receiving emails from clients who told us that they were contacted by CFX Point after having a bad experience with FXC Markets (you can read here the section with opinions about CFX Point), without having registered in advertisements or anything, which is very curious in itself, we noticed the following similarities between the CFX Point website and the FXC Markets website, which makes us believe that it is the same business:
First resemblance, when one enters both the FXC Markets and CFX Point websites, a pop up (also called a pop-up window) with cryptocurrencies (bitcoin, litecoin, dashcoin, etc.) click here to see the full image :
2nd resemblance, notice the items in the menus, and the items in the "About ..." menu, they are the same, click here to see the full image:
Another similarity, note in the menus, the item "Platforms" contains the same sections in both cases, click here to see the full image :
Another similarity, and in our opinion the most incredible, in the case of the similarity of the account types, observe, on the left FXC Markets, on the right, the account types of CFX Point. Not only is the information the same, the account types are called the same, and are in the same order, notice in the image, marked with green, that they even have the same spelling error where they both put "minimum" instead of "minimum" ... click here to see the full image :
The last resemblance, as we can see, they have the menus practically the same, but that is not all, if we go for example to the "Markets" menu and go to any of the sections, for example the "Currency", we notice that the text is practically the same (again, on the left the website of FXC Markets, and on the right that of CFX Point), click here to see the full image :
Other information about FXC Markets
We will leave you some more information in case you want to contact the broker, or see their website for yourself.
Phone number: +442035192161, +34911984070
Email: [email protected]
Ending with this section, in our opinion the FXC Markets broker is trustworthy, but must be handled with CARE Why? Although we have not received or found negative or positive comments about the broker on the internet, the broker is not regulated, which is never a good thing.
What is your opinion? Have you traded with this broker? We invite you to collaborate with us and vote, you can also leave a comment on our website.
Update August 2017: Due to repeated comments from FXC Markets clients and emails received with negative experiences, we do not recommend FXC Markets.
We leave a vote open so that traders and users can vote for the broker.