About ffxmarket
Company Overview
ffxmarket is a forex and CFD broker registered in New Zealand, with a registered address at Suite 1.5, 93 Dominion Road, Mt Eden, Auckland. The company was founded on 5 January 2018. Its official website is ffxmarket.co.uk, although the .co.uk domain suggests a UK association; however, the firm’s country of registration is New Zealand, not the United Kingdom.
At the time of this review, ffxmarket holds no regulatory licences from any financial authority. The absence of regulation is a significant factor for traders to consider, as it means the broker operates without oversight from a recognised regulatory body, which could affect the safety of client funds and recourse in the event of disputes.
Account Types and Trading Conditions
ffxmarket offers four account tiers: Standard, Plus, Pro, and ECN. The Standard account requires a minimum deposit of $2,000 and provides maximum leverage of 1:200. The Plus account requires $5,000 with the same leverage. The Pro account demands at least $30,000, also with 1:200 leverage. The ECN account, designed for high-volume traders, has a minimum deposit of $100,000 but offers lower maximum leverage of 1:100.
These minimum deposit requirements are considerably higher than industry averages, particularly for the Pro and ECN tiers. The broker does not publicly disclose trading platforms, instruments, or spreads on its known regulatory filings, making it difficult to assess the trading environment. The lack of transparency around these fundamental details adds to the overall uncertainty for potential clients.
Regulatory and Risk Considerations
The most critical issue with ffxmarket is its complete lack of regulatory authorisation. No financial regulator, such as the FCA, ASIC, or the FMA, oversees its operations. This means that client funds are not covered by any investor compensation scheme, and there is no mandatory segregation of client money. Traders may have limited to no legal recourse if the broker fails or engages in misconduct.
Given the high minimum deposits and unregulated status, ffxmarket presents a guarded risk profile. FXCanary’s Scam Risk Score of 48/100 reflects this caution. Traders are strongly advised to conduct thorough due diligence and consider the potential risks before depositing funds.
Overview compiled by FXCanary from regulatory records and public data. full ffxmarket review