Home Forex Brokers FXQM

FXQM

4.6 / 10 Overall Score

Website: https://fxqmarket.com/
Jurisdiction: Seychelles
Operating Since: 5-10 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: QM Group Ltd
Phone: —
Email: support@fxqmarket.com
Address: House of Francis, Room 303, Ile Du Port, Mahe, Seychelles.

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# FXQM Company Overview

FXQM company operates as a forex broker, providing trading services in various financial instruments including forex, cryptocurrencies, commodities, and indices. Established in 2020, FXQM is registered under the Financial Services Authority of Seychelles, with its registered number being 218946 IBC 2016. The company is headquartered at Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles.

FXQM primarily serves a global market, catering to both novice and experienced traders by offering a user-friendly trading platform and a variety of account types designed to meet diverse trading needs.

# Corporate Development

Since its inception in 2020, FXQM company has aimed to establish itself in the competitive forex brokerage industry. Although specific milestones related to expansion or rebranding are not documented, the company's commitment to providing a range of trading services, including various account types and a 30% deposit bonus, indicates a focus on attracting a wide client base.

# Corporate Structure and Subsidiaries

FXQM is registered as QM Group Ltd in Seychelles. Specific details regarding subsidiaries or branches are not available in the provided data. The internal organization and leadership structure have not been disclosed.

# Regulation and Compliance

FXQM company is regulated by the Financial Services Authority of Seychelles. The registration details indicate that it operates under the jurisdiction of Seychelles, which is known for its lenient regulatory framework. The company offers clients segregated accounts, which helps protect client funds by keeping them separate from the company’s operational funds. However, no information regarding additional client fund protection measures, such as insurance, has been provided.

# Global Presence and Market Coverage

FXQM primarily targets the global market, with a focus on providing trading services to clients worldwide. While specific local branches or representative offices are not mentioned, the company has established a presence in the forex market, offering a diverse range of trading instruments to appeal to various client demographics.

# Financial and Operational Data

The operational size, including employee count, customer base, or transaction volume, is not specified in the available data. Additionally, there are no public disclosures regarding financial data or technology investments. However, FXQM supports multiple account types and funding methods, indicating a commitment to operational efficiency.

# Reputation and Industry Standing

FXQM company has received mixed reviews within the forex and financial community. While some sources rate the broker positively, others highlight concerns regarding its regulatory status, indicating that it may not be fully established or adequately regulated. The absence of a robust regulatory framework raises questions about the broker's credibility and long-term reputation in the market.

# Summary

In summary, FXQM company is a forex broker based in Seychelles, regulated by the Financial Services Authority of Seychelles. It offers a variety of trading services and account types to a global clientele. While the company has established a presence in the forex market, concerns regarding its regulatory compliance and overall reputation warrant careful consideration by potential clients. As such, FXQM's operational integrity and market presence should be evaluated in the context of its regulatory background and the associated risks of trading with an unregulated entity.

Account Types

# FXQM Account Types

FXQM offers a variety of account types to cater to different trading needs and preferences. Below is an overview of the available accounts:

| Account Type        | Minimum Deposit | Spreads/Commission       | Leverage          | Trading Instruments                     | Base Currencies Supported | Execution Model | Unique Features                               |
|---------------------|-----------------|--------------------------|-------------------|-----------------------------------------|--------------------------|-----------------|------------------------------------------------|
| Standard Account    | $100            | From 1.2 pips            | Up to 1:500       | Forex, commodities, indices, cryptocurrencies | USD, EUR, GBP           | ECN/STP         | Basic account features, suitable for beginners |
| ECN Account         | $100            | From 0.0 pips            | Up to 1:500       | Forex, commodities, indices, cryptocurrencies | USD, EUR, GBP           | ECN             | Direct market access, tighter spreads         |
| Copy Trade Account   | $50             | From 1.0 pips            | Up to 1:500       | Forex, commodities, indices, cryptocurrencies | USD, EUR, GBP           | ECN             | Allows copying successful traders' strategies  |
| Prime Account       | $10             | From 1.0 pips            | Up to 1:3000      | Forex, commodities, indices, cryptocurrencies | USD, EUR, GBP           | ECN             | Advanced trading capabilities                   |
| Standard Account (Deposit Bonus) | $10 | Varies                   | Up to 1:500       | Forex, commodities, indices, cryptocurrencies | USD, EUR, GBP           | ECN             | Offers a deposit bonus for new traders         |

# FXQM Broker Account Opening Process

To open an account with FXQM, follow these steps:

1. **Visit the FXQM Website**: Go to the official FXQM website and locate the "Sign Up" or "Register" section.
2. **Fill Out Registration Form**: Enter your personal details, including your full name, email address, and password.
3. **Agree to Terms**: Accept the terms of service and privacy policy.
4. **Email Verification**: Verify your email by clicking the link sent to your inbox.
5. **KYC Verification**: Upload the necessary identity documents and proof of residence for KYC verification.
6. **Account Approval**: Wait for account approval, which may take up to a few hours.
7. **Login and Fund Your Account**: Once approved, log in to your account and fund it using your preferred payment method.
8. **Start Trading**: After funding, you can access the trading platform and begin trading.

This streamlined process ensures that traders can quickly set up their accounts and start engaging in the financial markets.

Deposit & Withdrawal

# FXQM Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## FXQM Minimum Deposit Explained

The minimum deposit for FXQM is **$10** for standard accounts and **$100** for ECN accounts.

### Account-Type Comparison

| Account Type               | Minimum Deposit | Maximum Leverage | Spreads       |
|----------------------------|------------------|------------------|---------------|
| Standard Account           | $10              | 1:1000           | From 1.0 pips |
| ECN Account                | $100             | 1:500            | From 0.0 pips |
| Copy Trade Account         | $50              | 1:500            | From 1.0 pips |
| Prime Account              | $10              | 1:3000           | From 1.0 pips |

### Regional Differences

FXQM operates primarily in regions with varying financial regulations, notably Seychelles. The minimum deposit requirements do not vary significantly by region but may be influenced by local banking practices and currency conversion fees.

### Advantages
1. **Low Entry Barrier**: The standard account allows traders to start with just $10.
2. **Flexible Account Types**: Multiple account options cater to different trading styles and risk appetites.
3. **High Leverage**: Offers leverage up to 1:3000, which can enhance trading potential.
4. **Diverse Trading Instruments**: Access to forex, metals, and cryptocurrencies.

### Disadvantages
1. **Unregulated Broker**: FXQM is not regulated by major financial authorities, which may increase risk.
2. **Limited Educational Resources**: Few educational materials are available, primarily an economic calendar.
3. **Withdrawal Fees**: Potential fees on withdrawals can affect profitability.
4. **Lack of Transparency**: Unclear information on commissions and fees.

### Competitor Comparison

Compared to other brokers, FXQM's minimum deposit is competitive, especially for standard accounts. Many brokers require a higher minimum to start trading, making FXQM an attractive option for new traders.

## FXQM Deposit Methods Comprehensive Guide

FXQM offers a variety of deposit methods to facilitate trading. Below is a detailed overview of each method:

### 1. Bank Transfer
- **Processing Time**: 2-15 working days
- **Fees**: None
- **Availability**: Global
- **Limits**: Minimum $250
- **Pros**: Secure and widely accepted.
- **Cons**: Longer processing time.

### 2. Credit/Debit Cards (Visa & Mastercard)
- **Processing Time**: Up to 30 minutes
- **Fees**: None
- **Availability**: Global
- **Limits**: Minimum $50
- **Pros**: Fast processing and easy to use.
- **Cons**: May have limits based on card issuer.

### 3. E-Wallets (Skrill, Neteller, etc.)
- **Processing Time**: Instant
- **Fees**: None
- **Availability**: Global
- **Limits**: Minimum $50
- **Pros**: Quick transactions and high security.
- **Cons**: Not all e-wallets may be available in every region.

### 4. Cryptocurrency
- **Processing Time**: Instant (after network confirmations)
- **Fees**: None
- **Availability**: Global
- **Limits**: Varies by currency (e.g., Bitcoin minimum is 0.0001 BTC)
- **Pros**: Low transaction fees and anonymity.
- **Cons**: Volatility in cryptocurrency value.

### 5. Local Deposit Options
- **Processing Time**: Varies by local provider
- **Fees**: None
- **Availability**: Limited to specific countries
- **Limits**: Varies
- **Pros**: Convenient for local traders.
- **Cons**: Limited availability and potential for higher fees.

### Supported Currencies and Recommended Methods
FXQM supports multiple currencies, including USD, EUR, and cryptocurrencies. Recommended methods for quick deposits include credit/debit cards and e-wallets due to their instant processing times.

## FXQM Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log In**: Access your FXQM account on the website or mobile app.
2. **Navigate to Deposit**: Click on the 'Deposit' section.
3. **Select Method**: Choose your preferred deposit method (e.g., bank transfer, card).
4. **Enter Amount**: Input the deposit amount, ensuring it meets the minimum requirement.
5. **Confirm**: Follow the prompts to complete the transaction.

### Mobile vs Web Differences
The deposit process is similar on both platforms, but the mobile version may have simplified steps. Ensure your app is updated for the best experience.

### KYC Notes and Common Issues
FXQM may require KYC (Know Your Customer) verification, including identification and proof of address. Common issues include:
- **Delayed verification**: Ensure documents are clear and legible.
- **Transaction failures**: Check your bank or card limits.

### Typical Fund Crediting Times
Deposits via credit/debit cards and e-wallets are credited instantly, while bank transfers may take longer, ranging from 2 to 15 working days.

## FXQM Withdrawal Methods Overview

FXQM provides several withdrawal methods, each with specific processing times and fees:

### 1. Bank Transfer
- **Processing Time**: 2-5 working days
- **Fees**: $29
- **Supported Currencies**: USD, EUR
- **Pros**: Secure and reliable.
- **Cons**: Longer wait time and withdrawal fee.

### 2. Credit/Debit Cards
- **Processing Time**: Varies by card issuer (up to one billing cycle)
- **Fees**: None
- **Supported Currencies**: USD, EUR
- **Pros**: Familiar method for many users.
- **Cons**: May require withdrawal to the original funding card.

### 3. E-Wallets (Skrill, Neteller, etc.)
- **Processing Time**: Instant
- **Fees**: 1% (minimum $0.50)
- **Supported Currencies**: USD
- **Pros**: Fast and efficient.
- **Cons**: Fees may apply.

### 4. Cryptocurrency
- **Processing Time**: Instant (after network confirmations)
- **Fees**: None
- **Supported Currencies**: Bitcoin, Ethereum, etc.
- **Pros**: Low fees and anonymity.
- **Cons**: Requires knowledge of crypto wallets.

### Recommended Options by Cost and Speed
For speed, e-wallets are recommended, while bank transfers are more secure but slower and may incur fees.

## FXQM Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log In**: Access your FXQM account.
2. **Navigate to Withdrawals**: Click on the 'Withdraw' section.
3. **Select Method**: Choose your preferred withdrawal method.
4. **Enter Amount**: Specify the amount you wish to withdraw.
5. **Confirm**: Follow the prompts to complete your withdrawal request.

### ID Verification Requirements
Before processing withdrawals, FXQM may require ID verification to ensure security. This includes submitting identification documents and proof of address.

### Expected Fund Arrival Time
- **Bank Transfers**: 2-5 working days.
- **E-Wallets**: Instant.
- **Credit Cards**: Up to one billing cycle.

### Typical Delay Reasons and Fixes
Common reasons for delays include:
- **Incomplete KYC**: Ensure all documents are submitted.
- **Bank processing times**: Contact your bank for specific timelines.

## FAQs – FXQM Deposits & Withdrawals

### What is the minimum deposit for FXQM?
The minimum deposit for FXQM is **$10** for standard accounts.

### How long do withdrawals take?
Withdrawals typically take **2-5 working days** for bank transfers and are instant for e-wallets.

### Are there fees for deposits or withdrawals?
FXQM does not charge fees for deposits, but withdrawals via bank transfer incur a fee of **$29**.

### Can the same method be used for both?
Yes, generally the same method can be used for both deposits and withdrawals, but it may depend on the specific method.

### Are crypto or local methods supported?
Yes, FXQM supports cryptocurrency deposits and withdrawals, along with local payment options in select regions.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

FXQM

FXQM

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