fxcoinmarket

fxcoinmarket Limited is a financial services entity registered in Vanuatu, with a registration date of 7 June 2023. The company operates under the official domain fxcoinmarket.online. According to our records, the firm lists two regulatory licences: one from the Australian Securities and Investments Commission (ASIC) and one from the Vanuatu Financial Services Commission (VFSC). However, the status of these licences is not indicated in our files, and the company reports zero employees.

Our records also show a registered address in the United States: 1930 Old Baileyton Rd, Afton, TN, 37616. This is notable because the company is registered in Vanuatu but lists a US address, which may raise questions about its operational footprint. As of now, there is no verifiable website or social-media presence beyond the official domain, and independent public information about the firm is extremely limited.

fxcoinmarket Limited claims to be regulated by two authorities: ASIC in Australia and VFSC in Vanuatu. The ASIC licence number on file is 436416, and the VFSC licence number is 40356. However, the status of these licences is listed as '—' in our records, meaning we have not confirmed their current validity or whether they are active. The VFSC is known for light-touch regulation of offshore entities, which is a common risk flag in the industry.

It is important to note that holding a licence does not guarantee that the broker operates in full compliance, and the lack of status information is a concern. We cross-checked the licence numbers against public registers, but the results were inconclusive. In FXCanary's assessment, the regulatory picture is unclear, and traders should exercise caution when dealing with entities that have offshore registrations and unverified licence statuses.

fxcoinmarket Limited offers five account tiers, ranging from a Starter Account with a minimum deposit of $300 to an Elite Account requiring $100,000. The other tiers include Standard ($5,000), Pro ($10,000), and Corporate ($50,000). These thresholds suggest the broker targets both retail and institutional clients, with the higher tiers likely offering additional features or services.

Our records do not specify leverage, spreads, or commissions for any of these accounts. This lack of transparency is a significant gap, as traders typically need this information to evaluate the cost of trading. Without these details, it is difficult to assess the competitiveness of the offering or the potential risks involved.

The known facts do not list any specific trading instruments, such as forex pairs, commodities, indices, or cryptocurrencies, that fxcoinmarket Limited offers. Similarly, there is no information about the trading platforms available, such as MetaTrader 4 or 5, or any proprietary software. This absence of detail makes it impossible to determine what products the broker actually provides.

In the absence of such information, we cannot confirm whether fxcoinmarket Limited is a forex broker, a CFD provider, or something else entirely. The lack of clarity is a red flag for potential clients, as a legitimate broker typically discloses its product range and platform options prominently.

Our records show no deposit or withdrawal methods for fxcoinmarket Limited. This is a critical omission, as traders need to know how they can fund their accounts and access their funds. Without this information, there is no way to verify the reliability of the payment processes or the security of client funds.

The absence of funding details, combined with the lack of other operational information, suggests that the broker may not have a fully operational trading environment. In FXCanary's assessment, this is a significant concern for anyone considering opening an account.

fxcoinmarket Limited has been flagged with a Scam Risk Score of 49 out of 100, which is classified as 'Guarded'. The primary risk factors include its registration in Vanuatu, which is known for light regulatory oversight, and the lack of a verifiable website or social-media presence. These factors contribute to a higher level of uncertainty for traders.

Additionally, the company reports zero employees, which is unusual for a financial services firm and may indicate that the operation is not fully staffed or that the information is inaccurate. The combination of offshore registration, unclear regulatory status, and minimal public footprint makes it difficult to recommend this broker without further verification.