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QmmFx
Comoros|2-5 years| https://www.qmmfx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+971 523808907
+971 526056308
Other ways of contact
Broker Information
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QmmFx ltd
QmmFx
Comoros
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 1000 USD |
| Minimum Spread | -- |
| Products | Forex currency pairs, metals |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 500 USD |
| Minimum Spread | -- |
| Products | Forex currency pairs, metals, cryptoсurrencies, energies, indices |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | 100 USD |
| Minimum Spread | -- |
| Products | Forex currency pairs, metals |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | 100 USD |
| Minimum Spread | -- |
| Products | Forex currency pairs, metals, cryptoсurrencies, energies, indices |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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QmmFx · Company Summary
| Aspect | Information |
| Company Name | QMMFX Limited |
| Registered Country/Area | United Arab Emirates |
| Founded Year | 2-5 years ago |
| Regulation | Unregulated |
| Minimum Deposit | 10 USD |
| Maximum Leverage | Up to 1:500 |
| Spreads | As low as 1.5 pips |
| Tradable Assets | Forex, Commodity, Indice, Digital currency, Metal, Stocks |
| Account Types | ECN Account, Standard Account, Cent Account |
| Demo Account | Not Given |
| Customer Support | Phone, Live chat, Email |
| Educational Resources | Economic calendar, Daily news, Free indicators |
Overview of QMMFX Limited
QMMFX is a Forex broker operating in the United Arab Emirates for the past 2-5 years without regulation. It offers a range of trading products, including Forex, Commodity, Indice, Digital currencies, Metals, and Stocks.
Traders can choose from three account types with competitive spreads and leverage up to 500:1, with a minimum deposit as low as $10. The broker emphasizes customer support, providing multiple contact options and various educational resources. Additionally, the broker guarantees the utmost material and spiritual support to investors, traders, associates, and colleagues, ensuring that the QmmFX community can pursue growth in scientific, economic, and psychological fields, free from any marginalization.
Regulatory Status
QMMFX is currently in an unregulated state. Traders are suggested to be cautious as the company lacks regulation by an authority.
Pros and Cons
QMMFX has several advantages, including a diverse range of tradable assets, comprehensive customer support, extensive educational resources, and a low minimum deposit requirement. Additionally, the broker offers competitive leverage of up to 500:1 and spreads as low as 1.5 pips.
However, the broker is unregulated, which poses risks for clients. Furthermore, demo accounts are unavailable, and information about deposit and withdrawal methods is not displayed on the website.
| Pros | Cons |
| Diverse range of tradable assets | Unregulated |
| Competitive leverage and spreads | Unavailable demo accounts |
| Comprehensive customer support | Lack of information |
| Extensive educational resources | |
| Low minimum deposit requirement |
Market Instruments
QMMFX offers six types of assets for clients: Forex, Commodities, Indices, Digital Currencies, Metals, and Stocks.
Trading in the forex market is done in currency pairs and the broker allows forex traders to buy one currency while selling another to make a profit. For those interested in commodities, QMMFX provides a wide range of valuable commodities, enabling traders to enjoy unparalleled variety and powerful leverage, offering opportunities to profit in various market conditions.
For metal enthusiasts, the broker offers information about market conditions and existing trends to assist traders in predicting price fluctuations of these metals relative to the base currency. Traders can use these fluctuations to make transactions and earn profits. Regarding stock trading, QMMFX allows investors to trade in the stock market alongside currency transactions, enabling investments in shares of companies in the global stock market. The broker also offers access to digital currencies, a type of virtual money that operates in an encrypted and decentralized manner.
With such a wide range of products available, QMMFX caters to diverse trading preferences and offers ample opportunities for traders to explore and capitalize on various financial markets.
Account Types
QMMFX offers three types of trading accounts: ECN Account, Standard Account, and Cent Account. All three accounts have leverage up to 500:1 and are only available in USD.
The broker provides different types of trading accounts to meet the needs and experiences of various traders. The Standard Account is typically for beginners or traders with medium capital, and the spread can be fixed or variable. The ECN (Electronic Communication Network) Account is designed for professional traders or those seeking optimal trading conditions and traders have to pay attention to the commission which is per 1 lot $7. The Cent Account allows beginners to trade with less capital, making it suitable for new traders and those with low capital who want to learn more.
| Account Type | Standard Account | ECN Account | Cent Account |
|---|---|---|---|
| Minimum deposit | $50 | $100 | $10 |
| Lorridge | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Minimum order volume | From 0.01with a step of 0.01 | From 0.01with a step of 0.01 | From 0.01with a step of 0.01 |
| Spread | Fixed from 1.5 pips | Raw market spread | Fixed from 1.5 pips |
| Commission | does not have | Per 1 lot $7 | does not have |
| Stop out rate | 30% | 30% | 30% |
| Account currency | Dollar | Dollar | Dollar |
How to Open an Account？
Opening an account with QMMFX is a straightforward process that can be completed in a few simple steps:
Registration: Visit the QMMFX website and click on the “Open an account” button. You will be directed to the registration page, where you need to provide some basic personal information, such as your name, email address, and phone number.
Choose the account type: Different accounts have different features such as spreads and minimum deposits, making them suitable for people at different stages.
Deposit Funds: Before trading, traders have to deposit funds to activate the account. However, the details are not displayed on the page.
Start Trading: With your account funded, you can now access the trading platform provided by QmmFX and start trading.
Leverage & Spreads
Different accounts offer the same leverage options at 1:500. This high leverage enables traders to control larger positions with a relatively smaller initial investment, potentially amplifying profits. While the spreads of accounts differ from each other, both the Standard Account and Cent Account have fixed spreads starting from 1.5 pips, whereas the ECN Account offers raw market spreads.
Customer Support
QMMFX provides various contact options to assist clients with different needs. The broker's working hours are from Monday to Friday.
Telephone consultation: The responsive customer service of QMMFX is ready to answer any questions you may have. Our customer support numbers are: +971526056308 or +971523808907.
Live chat: You can contact the company via live chat. The agents will notify you at your email address when you receive a reply.
Email: Traders can contact Support@qmmfx.com to seek help.
Educational Resources
QMMFXoffers extensive educational resources to assist traders in making informed decisions. Traders have access to daily news of the financial markets, forex economic calendar, useful tutorials and free indicators.
Economic calendar: The economic calendar offers a table containing major events, along with their actual, forecast and previous rates.
Daily news & useful tutorials: The experts at QMMFX offer economic insights into different fields, introducing some basic information about trading assets. This empowers investors to have a better understanding of the market and decisively take action.
Conclusion
In conclusion, QMMFX offers several advantages, including a diverse range of tradable assets, comprehensive customer support, extensive educational resources, convenient deposit and withdrawal options, a low minimum deposit requirement, and competitive leverage and spreads. However, it's important to note that the broker is unregulated, and information about deposit and withdrawal methods is not displayed on the website, which may pose challenges for new traders.
Traders are advised to carefully consider these factors and pay attention to the potential risks brought by high leverage before choosing to trade with QMMFX, ensuring a secure and informed trading experience
FAQs
Q: Does QMMFX offer raw market spreads？
A: Yes, the ECN Account at QMMFX offers raw market spreads.
Q: Is QMMFX regulated？
A: No, QMMFX operates without regulation, which may pose risks for traders.
Q: What are the benefits of trading with QMMFX？
A: QMMFX offers a diverse range of tradable assets, comprehensive customer support, extensive educational resources, convenient deposit and withdrawal options, low minimum deposit requirement, and competitive leverage and spreads.
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