Fotmarkets

Based on the latest data, Fotmarkets has a low core score of 2.08 out of 10 and is listed as 'Not Regulated' for forex activities. While it holds a Mauritius FSC Securities Trading License (EP), this does not cover forex trading. There is a user complaint alleging unauthorized profit confiscation. These factors indicate significant safety and reliability concerns.

According to the latest broker data, Fotmarkets is classified as 'Not Regulated' for forex trading. It holds a Mauritius FSC Securities Trading License (EP) under registration number GB23201518, but this license does not appear to cover forex or CFD brokerage activities. Therefore, the broker is not considered regulated for retail forex trading.

The minimum deposit for all three account types (Raw, Standard, Plus) is USD 30, as indicated by the entry condition 'U$30' in the broker data.

Fotmarkets supports MT5 via a White Label solution. There is no indication of MT4 support. The broker data shows 1 MT5 server and 0 MT4 servers.

Pros: Offers multiple account types with low spreads (from 0.1 pips), high leverage up to 1:500, supports MT5, copy trading, and 24/7 customer support. Some user reviews highlight positive experiences for beginners. Cons: The broker is not regulated for forex, has a low overall score (2.08), and one user complaint alleges unauthorized profit confiscation and balance adjustment. High leverage also increases risk.

Yes, there is at least one user complaint on record. A user (FX3993374868) reported that on March 25, 2026, Fotmarkets arbitrarily adjusted their account balance by -$4,562.08, confiscating profits from gold trading under false arbitrage claims. The user states that a larger regulated broker approved the same trades. The complaint is unresolved. Other users have posted positive reviews, but the complaint indicates a potential issue.

Fotmarkets is registered in Mauritius and does not hold any US regulatory licenses. Therefore, it is not available for US residents or in the US region. The broker data does not indicate US availability.

Fotmarkets offers copy trading and 24/7 customer support, which some users find helpful for beginners. However, the broker is not regulated for forex, has a low trust score, and a user complaint about profit confiscation. Beginners should be cautious due to the lack of regulatory oversight and potential risks.

Spread levels vary by account type: Raw account from 0.1 pips, Plus account from 0.6 pips, and Standard account from 1.2 pips. There are no additional commission details provided. The spreads are competitive, but the lack of regulatory oversight may offset any cost advantage.

Fotmarkets offers maximum leverage of 1:500 across all account types. Such high leverage amplifies both potential gains and losses, significantly increasing risk. Combined with the broker's unregulated status and low overall score, the risk level is considered very high.

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