Our Margin FX Markets review can confirm that this is a highly reputable broker, thanks to its vast experience and global regulation. Margin FX Markets is an award-winning company that was founded in 2006 by a team of financial experts. Since then, the company has grown rapidly and now boasts over 400,000 globally registered customers, who execute over two million monthly trades. At Margin FX Markets. you can trade forex, CFDs, cryptocurrency, stocks, indices, and commodities. These are available via MetaTrader 4, MetaTrader 5, and proprietary platforms.
More than 1250 instruments available
Supports automated trading and copy trading
Regulated by FSCA, FSA (SVG).
Best broker for forex trading
Not regulated in the United States
Margin FX Markets overall scores
In this review, you can find all the information you need to decide whether Margin FX Markets is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how Margin FX Markets scored in each of our high-priority categories.
Margin FX Markets fees and commissions
It’s easy to review Margin FX Markets fees as the broker lists spreads clearly on the Financial Instruments page. This page allows you to view the various spreads, which are the main form of fees charged by Margin FX Markets. The broker does charge an inactivity fee, which is fairly standard, yet if the account is not used for a year, there is also an administration fee. There are no deposit or withdrawal fees, however – a competitive decision which stood out as a major plus in our Margin FX Markets review.
Our experts have reviewed Margin FX Markets fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:
– Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.
– Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.
Below you will find a snapshot of the fees charged by Margin FX Markets. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.
The following table summarizes the fees charged by Margin FX Markets
Trading Fees
| TYPE OF FEE | COST |
|---|---|
| Minimum Spread EURUSD (pips) | 0.6 |
| Commission (%) | 0% |
| Commission on Islamic Accounts (%) | 0% |
Non-Trading Fees
| Account Fee | N |
| Inactivity Fees | Y |
| Deposit Fees | N |
| Withdrawal Fees | N |
Margin FX Markets trading fees
Our review of Margin FX Markets found that the broker has highly competitive trading fees. Margin FX Markets does not charge fees for trading directly and instead makes its profit via spreads. Within that model, the trading fees are very appealing, with some of the following example spreads:
- EUR/USD from 0.9
- Apple from 0.13%
- Crude Oil Spot from 0.03
- S&P 500 from 0.25 Over Market
- MSCI Emerging Markets Index Fund from 0.13%
- EURO-BUND from 0.03 Over Market
- BTCUSD from 0.35% Over Market
Financing/overnight rates
As expected, Margin FX Markets does charge an overnight rate, which the broker refers to as an Overnight Premium. This is a set fee, and it varies by instrument. You can view and calculate the Overnight Premium by viewing information on the Trading Conditions and Charges page.
Click on the asset that you want to know the fees for, and you will see the relevant rates. As an example, the Overnight Interest Sell rate for EUR/USD is 0.0000%, whereas the Buy rate is 0.0118%.
Other examples of Overnight Interest Sell/Buy rates include:
- Apple: -.01111% Sell/-0.0166% Buy
- Crude Oil Spot: -0.0053% Sell/-0.0053% Buy
- S&P 500: -0.0058% Sell/-0.0058% Buy
- MSCI Emerging Markets Index Fund: -0.0111% Sell/-0.0166% Buy
- EURO-BUND: -0.0042% Sell/-0.0042% Buy
- BTCUSD: -0.033% Sell/-0.0694% Buy
Non-trading fees
Those who do not trade regularly should be aware of the potential fees for inactivity. Our Margin FX Markets broker review team cautions that if you have not used your account for three consecutive months, you will be charged an inactivity fee of $50 or 50 in your account’s base currency (e.g. 50 EUR or 50 GBP).
If you leave your account inactive for 12 consecutive months, Margin FX Markets will then charge you an administration fee of $100 or 100 in your account’s base currency (e.g. 100 EUR or 100 GBP).
You should keep in mind that most brokers have lower inactivity fees and charge them monthly. Margin FX Markets takes a somewhat unique approach by having a higher inactivity fee and administration fee, yet each of which is only charged once.
Margin FX Markets licenses and regulation
As a worldwide broker, Margin FX Markets is regulated and licensed by various authorities in different jurisdictions:
- The Bank of England (BOE) regulates Margin FX Markets in Europe with license number C53877.
- The SVG regulates Margin FX Markets in the Finland with license number SIBA/L/13/1049.
The number of licenses certainly caught our eye during our review of Margin FX Markets forex broker, as it’s rare for a single broker to be regulated and licensed by so many organizations around the world. As such, this should give you a high level of trust in the broker.
Is Margin FX Markets safe?
Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:
- What protection and/or insurance Margin FX Markets offers should something go wrong
- Margin FX Markets reputation, history, and management
Margin FX Markets client protection
Depending on the region in which you open your Margin FX Markets account, you may be entitled to additional client protection.
As an Margin FX Markets client, you will always receive negative balance protection. This is true regardless of the country or region in which you open your account. Client funds are also stored in segregated accounts, in compliance with various regulatory bodies.
The broker uses 256-bit SSL encryption across its website and has the Embedded True-Site identity assurance seal. To prevent identity theft and credit card fraud, Margin FX Markets utilizes McAfee Secure (HackerSafe).
Margin FX Markets background and reputation
Margin FX Markets has been in operation since 1998, providing consistently reliable service to clients. This should give you confidence while you review Margin FX Markets, as the longevity of the broker indicates that it is unlikely to fail anytime soon.
Margin FX Markets history is almost entirely clear from scandals, scams, and warnings. The sole exception is that the Canadian government in Saskatchewan advised residents not to invest with Margin FX Markets in 2018. This was simply due to the lack of registration for operations in that jurisdiction, as well as in British Columbia, Quebec, and Ontario. This should be taken with a grain of salt, as many brokers choose not to operate in these Canadian provinces due to regulations that are extremely hard to meet. Additionally, Margin FX Markets will not accept clients from these provinces anyway, due to the lack of regulation. With proper context, this is far from a scandal.
The American Institute of Certified Public Accounts has determined that Margin FX Markets is WebTrust-compliant.
Margin FX Markets research tools
Between the tools offered on its website and those on the various platforms, our Margin FX Markets forex broker review team found multiple useful research resources for traders of all levels.
Margin FX Markets Research Tools
| News (from top-tier sources) | Y |
| Trading Signals and Indicators | Y |
| Trade Ideas | Y |
| Expert Analysis | Y |
| Autochartist Tools | Y |
| Sentiment Charts | Y |
| Economic Calendar | Y |
Trading signals and indicators
The MQL5 Signals Service is one of the ways that Margin FX Markets gives you access to forex signals. MQL5 Signals Service is fully integrated with both MT5 and MT4. There is no required minimum account balance nor any hidden fees or commissions. Before choosing a provider to subscribe to, you can view their historical data to make an informed decision. Additionally, MQL5 has global cloud infrastructure, allowing for faster execution of signals. MQL5 signals put you in complete control, as you can add, remove, or renew signal subscriptions.
Trade ideas
Trade ideas come in multiple forms with Margin FX Markets. If you want ideas, the best option we discovered during our review of the Margin FX Markets Forex broker is subscribing to MSQL5 signals or Expert Advisors.
Expert analysis
Margin FX Markets offers market analysis to all clients, and a login is required to access this information. The expert analysis includes technical analysis, fundamental analysis, and sentimental analysis.
Autochartist tools
You can use Autochartist with MetaTrader 4 on Margin FX Markets, including technical analysis tools, chart pattern recognition, Fibonacci pattern recognition, pattern quality indicators, and key level analysis.
Margin FX Markets customer support
Our experience with Margin FX Markets customer support has been positive, with quick response times across multiple contact methods. There are even separate contact numbers for dozens of countries, meaning you can always call a local number for phone assistance. Between phone, email, and live chat, you’ll have no problem contacting customer support.
During our review of Margin FX Markets, we tested multiple contact methods, including:
- Live chat
- Sending an email via the contact form
Additionally,Margin FX Markets has separate contact numbers for many of the countries where it operates. There are unique numbers for 21 European countries, Australia, two African countries, seven Asian countries, four South American countries, two Middle Eastern countries, and one North American country. For added convenience, you can find the number for your location at the top of the Margin FX Marketswebsite at all times, preventing the need to visit the Contact Us page and scroll through numbers.
Margin FX Markets has a reasonably extensive FAQ section with answers to most of the questions you are likely to have. Conveniently, the FAQ section has categories, sub-categories, and a search feature.
The customer support team is competent and available 24/5. It is easy to get answers to your questions, and our sample queries were answered promptly and in plenty of detail.
Margin FX Markets mobile compatibility
Our Margin FX Markets review found that the broker was easy to use on mobile devices. We appreciate the fact that MetaTrader 4, and MetaTrader 5 are all available on mobile devices, in addition to mobile compatibility with automated trading. You’ll enjoy full functionality via these mobile applications, as well as unique features like Margin FX Markets. Furthermore, the ability to use a single login across devices – including mobile ones – is highly convenient.
The Margin FX Markets website is among the easier broker pages to navigate on mobile devices. It does not cut off any of the navigation menus on a mobile device, which is rare and makes exploring the site easier. Of course, visiting the website on a mobile device requires additional clicks, but all content is readily available.
Opening an account with Margin FX Markets
Our Margin FX Markets review team found it incredibly straightforward to open an account with the forex broker. It is quick, only taking a matter of minutes, and can be completed online. The minimum deposit is also very accessible at just 100 units of the base currency i.e. $100, 100 EUR, 100 GBP, or 100 AUD. Overall, this easy registration process should make Margin FX Markets a convenient option no matter where you’re trading from.
Is Margin FX Markets available in your country?
Margin FX Markets is available in most countries due to its global regulation. Some countries, however, have a more limited selection of assets available.
Margin FX Markets is not available in the United States as it is not regulated there.
How to open an Margin FX Markets account
Opening an Margin FX Markets account is incredibly easy, and you can complete the steps within minutes.
- Step 1
Go to the Margin FX Markets homepage and select the “Open an Account” button in the top-right corner
- Step 2
Fill in personal details, including name, email address, country of residence, preferred language and phone number
- Step 3
Select which Margin FX Markets entity you wish to trade with and select your trading platform (choose between MT 4 and MT5)
- Step 4
Supply the broker with your date of birth and address (this should be the same as it will appear on your supporting documentation). Verify whether you are a US citizen for tax purposes, choose your base currency and your leverage
- Step 5
Answer questions about employment status, capital, trading aims, and trading experience
- Step 6
Create a password, accept terms and conditions and select the “open real account” button
- Step 7
Download and open the trading platform software and log in with your new XM credentials
What you will need to open an account
Review Margin FX Markets forex broker registration requirements before opening an account. This will help you ensure that you have the proper information and documents on hand.
- Personal information – You will need to provide your full name, email address, phone number, address, tax residency information, and employment status.
- Regulatory information – As part of KYC and AML requirements, Margin FX Markets requires the above personal information and below documentation. In some jurisdictions, such as Europe, Margin FX Markets may also ask you to complete a small questionnaire concerning your trading aims, experience, and knowledge.
- Documentation – You must submit proof of ID and address to verify your account. The proof of ID must be a colored copy of a government-issued ID, such as a driver’s license or passport. It must include your date of birth, name, and photo. The proof of address must be a utility bill that includes your name and address. It must also display the date issued, which must be within the past six months. Mobile phone bills are not accepted. If you make a deposit using a credit card, you may also need to submit images of the card in question, with the middle eight digits from the front and the back security code hidden.
To open an account with Margin FX Markets, you’ll need to provide proof of identity and proof of address. This process allows Margin FX Markets to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices, such as money laundering.
What is the minimum deposit at Margin FX Markets?
The minimum deposit at Margin FX Markets is just 100 units of the base currency. If your account is in USD, this is $100. Otherwise, it may be 100 EUR, 100 GBP, or 100 AUD.
Margin FX Markets payment methods
You can choose to open an Margin FX Markets account in one of four base currencies: USD, EUR, GBP, or AUD. Keep in mind that only Australian customers can choose AUD as their base currency, and only customers from the United Kingdom can choose GBP as the base currency. The deposit and withdrawal methods vary based on location. All clients can use credit cards and wire transfers, and clients from outside Australia and the EU can also use e-payments.
Margin FX Markets account types
As you review Margin FX Markets forex broker account types, you will notice that they vary based on where you’re trading from. Most clients can open one of two account types: a Standard Account or an Options Account. If you are in Abu Dhabi, you’ll also have the option of a Professional Account, whilst European clients can open Professional or Spread Betting accounts too. As each account type offers access to all asset classes and numerous trading platforms. whichever way you like to trade, there’s an Margin FX Markets account for you.
Demo accounts
Our Margin FX Markets review team strongly suggests that you open a demo account before trading with a live account on Margin FX Markets. The demo account is completely free, and you can use it on all of the supported trading platforms. The demo account comes with $100,000 in virtual funds.
We suggest that beginners use this demo account to hone their skills and test strategies. The demo account is also an excellent way to get a feel for the various platforms. Even advanced traders should use the demo account to test new strategies before implementing them.
Islamic accounts
Opening an Islamic account is simple and lets you trade in a way that is compliant with Sharia law. Before you open an Islamic account, you must first open a regular account. After you’ve created and verified it, add some funds. Once there are funds in the account, you can register for an Islamic account. It usually takes one or two business days to process the requests.
Professional accounts
Because the account offerings from Margin FX Markets are fairly straightforward, we included a deeper look at Professional accounts in our review of Margin FX Markets Forex broker. Remember that this type of account is only available in select EU countries and under European Union regulations.
Professional traders receive tighter spreads when trading, along with the possibility of increased leverage. Because the risks are greater, you must meet two out of three requirements to open a professional account with Margin FX Markets.
To open a Professional account, you must:
- Have had an average of 10 transactions per quarter, of significant size, for the past four quarters
- Have at least a year of experience working in the financial sector in a professional role that required service or transaction knowledge, and/or
- Have at least 500,000 EUR in your financial investment portfolio, including financial instruments and cash savings
Margin FX Markets trading platforms
Our Margin FX Markets broker review team is highly impressed by the variety of platforms offered by the broker. Clients can use the ever-popular MetaTrader 4 and MetaTrader 5 platforms,
Margin FX Markets offers seven trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too.
To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of Margin FX Markets trading platforms. When doing so, they considered a range of factors, including how easy the platforms are to use, what features each trading platform offers, and how suited each platform is to different types of traders.
MetaTrader 4
MetaTrader 4 (MT4) has been around since 1998 and is the industry standard for Forex and CFD trading. You can access the Margin FX Markets MT4 trading platform via your personal computer, web browser, or mobile device. The platform is fast and flexible.
You can access trading signals from some of the top providers via MetaTrader 4. Plus, you can take advantage of expert advisors for algorithmic trading. Our Margin FX Markets broker review also encourages you to look into the Guardian Angel feature incorporated into MT4, which is a personal decision-making tool aimed at novice traders. MetaTrader 4 also allows hedging, which gives you protection from market uncertainties.
You can use the MQL4 programming language to develop custom trading tools or take advantage of those that are already in the program.
MT4 already includes nine timeframes, three charts, 30 built-in indicators, and 24 graphical indicators as well as four pending order types.
With MT4, Margin FX Markets clients can trade directly from the charts, trade micro-lots, and take advantage of streaming news. There is even a free chat function for the trading community on the mobile version.
MetaTrader 5
We suggest that advanced traders review Margin FX Markets MT5 access as this platform has even more tools available than the MetaTrader 4. MT5 also supports expert advisors and custom indicators, as well as scripts and libraries. It is available on mobile devices, the web, or as a download.
You can use the already-created automated trading robots made by professionals or create your own. The programming language in MT5 is MQL5, which is for financial applications. Compared to MT4, MT5 is more advanced and features a quicker development cycle, which makes optimization easier.
To help with your analysis and trading, you can use 12 timeframes, three charts, 38 built-in indicators, six pending order types, and 37 graphical objects with MT5 for Margin FX Markets. You also get the ability to trade directly from charts, one-click trading, micro-lots, and a multi-threaded strategy tester that advanced traders will appreciate.
What is the execution policy at Margin FX Markets?
As you review Margin FX Marketss execution policy, you will notice that the broker is a market maker. According to Margin FX Markets, this execution policy allows it to maintain highly competitive spreads. Margin FX Markets prides itself on offering a fast execution speed, and there are no requotes on MetaTrader 5.
Margin FX Markets markets and products
Margin FX Markets provides access to more than 1250 instruments in nine asset classes, including forex and CFDs, commodities, ETFs, shares, and cryptocurrencies. This huge range is larger than many brokers of the same caliber and provides you with great opportunities to protect your balance by diversifying your portfolio. Our Margin FX Markets review team was especially happy to find a wide range of cryptos, as we know these are increasing in popularity with all types of traders.
| Instrument | Number |
|---|---|
| Currency Pairs | 55 |
| Commodities | 18 |
| Precious Metals | 5 |
| Indices | 20 |
| Stocks and Shares | 617 |
| Cryptocurrencies | 14 |
| Options | 44 |
| ETFs | 5 |
Currency pairs
The 75 currency pairs offered by Margin FX Markets include majors, minors, and exotics. With so many currency pairs, you can trade currencies from around the world.
As an example of the trading conditions for Forex pairs, EUR/USD has spreads from 0.9 pips, leverage of up to 400:1, and margin requirements of just 0.25%.
Commodities
Commodities are one of the many instruments Margin FX Markets offers as CFDs, allowing you to diversify your portfolio without owning the underlying asset. Commodities include agricultural products and energy. Spreads and leverage depend on the commodity in question.
As an example, gold has spreads from 0.34 and leverage of up to 200:1, while these figures are $0.25 over market and 33:1 for corn or $0.0015 over market and 50:1 for heating oil.
Precious metals
Precious metal CFDs are included under the commodity CFDs from Margin FX Markets. These include copper, platinum, gold, silver, and palladium. Most of these have maximum leverage of 50:1, although the maximum leverage for gold is 200:1.
Indices
You can easily see the global reach of Margin FX Markets via its index offerings, which are also offered solely as CFDs. There are indices from around the world, including the S&P 500, NASDAQ 100, DJ EURO STOXX50, MSCI, SPAIN 35, NIKKEI225, and CHINA A50. There are also rarer indices, such as the CANNABIS INDEX, which are perfect for adventurous traders.
Stocks and shares
Trading stocks and shares on Margin FX Markets is only available via CFDs, so you should keep that in mind. This is a nice alternative to traditional stock trading as it allows you to profit from market movements in either direction and trade with leverage.
As an example of stock trading conditions, Apple, Cisco Systems, Google, and Amazon all have spreads from 0.13%, margin requirements of 10%, and leverage of up to 10:1.
One important thing to note is that trading on MetaTrader 5 gives you full access to the 617 stocks and shares from Margin FX Markets. Trading on MetaTrader 4 only provides access to 64 of these. In the experience of our Margin FX Markets broker review team, the latter of these figures is an average amount of CFD shares available for trading, while the offerings for MT5 are exceptional.
Cryptocurrencies
Based on the findings from our review of Margin FX Markets, we encourage those of you with an interest in cryptocurrency to consider crypto CFDs at this forex broker. Cryptocurrency CFDs let you trade and make a potential profit without having to own the underlying asset. With 14 cryptocurrency pairs available, Margin FX Markets has an above-average selection.
Notably, our Margin FX Markets Forex broker review team points out that Bitcoin is available as an instrument traded with more than just USD. You can also trade BTC/EUR and BTC/JPY, the latter of which is a particularly rare offering. The inclusion of the CRYPTO 10 INDEX is also noteworthy as it allows you to invest in cryptocurrency as a whole.
ETFs
AlthoughMargin FX Markets only has five ETFs available, they are fairly varied, including the MSCI Brazil Index Fund for international interests. The other ETFs are the MSCI Emerging Markets Index Fund, the S&P 500 VIX Short-Term Futures ETN-Series B, Market Vectors TR Gold Miners, and Energy Select Sector SPDR.
Bonds
Just two bond CFDs are available from Margin FX Markets, although this is more than most competitors offer. You can trade EURO-BUND or JAPAN GOVT BOND, each with leverage of up to 20:1 and with spreads of 0.03 over market and 0.06 over market, respectively.
FX options
The inclusion of forex options in certain markets is a feature that helps Margin FX Markets stand out from the competition. Trading vanilla options lets you choose from call or put options, including the ability to buy or sell either.
Leverage on most Forex options is up to 100:1, and the spreads are typically the same as they are for the relevant Forex pair.