This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
FXM Broker Group Review
FXM Broker Group marketed forex trading as FXM Financial Group and FXM Trade. Independent checks found cloned regulator licenses and no real office, and reviewers now list it as out of business.
Min Deposit
N/A
Spreads From
Not applicable, no verified legitimate trading service exists
Max Leverage
Not applicable, no verified legitimate trading service exists
Platforms
N/A
Pros
- Watchdog sites publish clear, consistent evidence about this operation's problems
- Its fake Cyprus, Australian, and UK license numbers are now public and easy to check
- Field investigators physically checked its claimed offices and reported what they found
- Multiple independent sources agree, so the warning is not based on one lone report
Cons
- WikiFX field visits found no real office in the UK or Australia
- Its Cyprus CySEC license number 185/12 is a confirmed clone, not a real license
- Its claimed ASIC and FCA license numbers copy real firms and are not genuine
- Users report frozen accounts and demands for extra payment before withdrawal
- Forex Peace Army and EarnForex both mark this broker out of business or disabled
FXM Broker Group marketed itself online under names like FXM Financial Group, FXM Trade, and Realfxm. It claimed roots going back to 2003 and said it served clients from London. It offered forex, metals, and index trading through its own web platform, with claimed leverage up to 1:400.
Independent checks tell a different story. WikiFX visited the firm's listed UK and Australian addresses and found no real office at either one. Its Cyprus CySEC license number 185/12 was confirmed as a clone. Its claimed Australian ASIC license and UK FCA license were also found to be copies of real firms' numbers, not real licenses of its own.
Client reports describe frozen accounts, demands for extra payments before withdrawal, and staff who vanish once money is sent. Forex Peace Army and EarnForex both list this broker as out of business or disabled. BestForex.io still shows this profile as unverified with no detail. Treat any site still using the FXM Broker Group name today with real caution.
Max Leverage
Not applicable, no verified legitimate trading service exists
Spreads From
Not applicable, no verified legitimate trading service exists
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
