Score
Saint Vincent and the Grenadines
|
2-5 years
| https://fundamarkets.com/web/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
fundamarkets.com United States
VIP is not activated.
| Funda Markets Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Indices, shares, metals, forex, energies, cryptocurrencies, commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.6 pips |
| Trading Platform | cTrader |
| Min Deposit | $100 |
| Customer Support | Contact form |
| Email: support@fundamarkets.com | |
| Address: Suite 305 , Griffith Corporate Centre Kingstown, St Vincent and The Grenadines | |
Funda Markets was registered in 2022 in Saint Vincent and the Grenadines, which is a broker specializing in the indices, shares, metals, forex, energies, cryptocurrencies, and commodities markets. It offers several types of accounts, among which the minimum deposit is $100 and the maximum leverage is 1:500. However, this company is not regulated, and potential risks are rather high.
| Pros | Cons |
| Diverse tradable assets | Lack of regulation |
| Demo accounts and Islamic accounts | Wide spreads |
| Multiple account types | No MT4 or MT5 |
| cTrader platform | No popular payment options |
| Deposit/withdrawal fee charged |
No, it is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, its domain status shows that client transferring is prohibited. Please note the potential risks.
Funda Markets provides a variety of products, including indices, shares, metals, forex, energies, cryptocurrencies, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Funda Markets provides 6 types of accounts, including Standard, Premium, Platinum, Diamond, Platinum Islamic, and Standard Islamic. Besides, demo accounts are also available.
| Account Type | Min Deposit | Max Leverage | Spread | Swap Charges |
| Standard | $100 | 1:500 | 2.0 pips | ✔ |
| Premium | $500 | 1.8 pips | ✔ | |
| Platinum | $2,000 | 2.0 pips | ✔ | |
| Diamond | $5,000 | 1.6 pips | ✔ | |
| Platinum Islamic | $2,000 | 2.0 pips | ❌ | |
| Standard Islamic | $100 | 2.2 pips | ❌ |
Funda Markets uses cTrader as its trading paltform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | PC, web, mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Funda Markets supports several types of payment options, and certain amounts of fees are charged depending on the types of payment options.
| Payment Options | Currencies | Min Deposit | Min Withdrawal | Deposit Fees | Withdrawal Fees | Processing Time |
| Tether | USDT | / | / | / | / | / |
| 5Pay | MYR, THB | MYR500 | MRY 100 | 1.5% or MYR 1 | 0.5% or MYR 2 | Instantly |
| 9Pay | / | / | / | / | / | / |
| Cashola | IDR, MYR | IDR 100,000 | IDR 100,000,000 | 1.5% or IDR 2,500 | 1% or IDR 6,500 | Instantly |
| FPX | MYR, THB | MYR 500 | MYR 100 | 1.5% | 1.5% | |
| StarsPay | USD | $100 | $10 | $1 | 1% | |
| Boost | MYR | MYR 100 | MYR 100 | 1.5% or MYR 1 | 1% or MYR 2 | |
| GrabPay | ||||||
| ShopeePay | ||||||
| Touch | ||||||
| DirectPayLD | / | / | / | / | / |
The list includes Potential clone entity - iFast Capital 212, Funda Markets, Potential clone entity - PB Futures, Invesa Capital, Bold Prime, CS Smart Investment Syariah, and Potential clone entity - Pelaburan CIMB Bank Malaysia.
No, it is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site. Moreover, its domain status shows that client transferring is prohibited. Please note the potential risks.
The minimum deposit varies depending on the account type. The minimum deposit for Standard, Premium, Platinum, Diamond, Platinum Islamic, and Standard Islamic accounts is $100, $500, $2,000, $5,000, $2,000, and $100, respectively.
The spread varies depending on the account type. The Spread for Standard, Premium, Platinum, Diamond, Platinum, and Standard Islamic accounts is 2.0 pips，1.8 pips，2.0 pips，1.6 pips，2.0 pips， and 2.2 pips, respectively.
Funda Markets supports several types of payment options, and certain amounts of fees are charged depending on the type of payment option. 5Pay's deposit fee is 1.5% or MYR 1, and the withdrawal fee is 0.5% or MYR 2. Cashola has a deposit fee of 1.5% or IDR 2,500 and a withdrawal fee of 1% or IDR 6,500. FPX's deposit and withdrawal fees are 1.5%. StarsPay has a deposit fee of $1 and a withdrawal fee of 1%. Boost, GrabPay, ShopeePay, and Touch all have a deposit fee of 1.5% or MYR 1, and withdrawal fees all have a fee of 1% or MYR 2. In addition, there are no deposit and withdrawal fees for T Ether, 9Pay, and DirectPayLD.
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Nelson Chua
Malaysia
Two accounts: one has successfully withdrawn funds, though it has experienced withdrawal issues in the past. The other has been waiting for nearly a month with no update. Contacting support has proved futile, with no responses to messages.
Exposure
FX3273297787
Malaysia
After pased a week still pending and unavailable to withdraw
Exposure
FX3273297787
Malaysia
after profit cannot withdraw still pending message to support also no response
Exposure
Yunhok
Nigeria
Funda Markets seems pretty decent when it comes to spreads and account types. They offer competitive pricing and a range of account options to suit different traders' needs.
Neutral
doudu
Colombia
Caught the trading wave with Funda Markets, a newcomer from the saintly Vincent and the Grenadines. Self-regulated, definitely adds an element of thrill to the mix. Talk about variety, was trading everything from Indices to Stocks. Channel for all this action? Good ol' cTrader. Went for the premium feel with their, you guessed it, Premium account. Hefty 1:500 leverage, not for the faint-hearted! Deposit methods galore, from bank wire to PayU and even cryptocurrencies. Their customer support? A team of superheroes ready to help, any day, any hour!
Positive
FX1489185494
Indonesia
Took a plunge with Funda Markets, a fresh face from Saint Vincent and the Grenadines. No regulation, a bit of the wild west, but boy is the ride exhilarating! Trading options? Think a mighty menu of 60 instruments, everything from Gold to Cryptocurrencies. And all of this while sailing on the cTrader, a slick platform. Kicked off my rodeo with their Standard account and a mere $100 - the door's wide open for anyone! Maximum leverage of 1:500 offered some high stakes. Round-the-clock customer support had my back, phew!
Neutral
FX1391372709
Hong Kong
Funda Markets offers a web-based trading platform, and as tested on the demo account, it offers real-time market data, advanced trading tools, and a variety of trading instruments. The leverage they provide is up to 1:500, which is quite high and beginners are not advised to use too high leverage ratios.
Neutral