At first glance, Fotmarkets appears to be a modern broker with MT5, tight spreads, and a license. However, all of this may simply be a façade hiding the platform’s fraudulent nature. The goal of today’s review is to determine whether this company is worth considering or whether it is better not to register an account at all.
The official Fotmarkets website looks like a typical template landing page used by offshore brokers. The design relies on purple and green accents, resembling more of an advertising banner than the website of a serious financial institution. Every page features generic stock images of “successful traders”, smiling men in suits, 3D graphics, and identical charts unrelated to actual market data.
Fotmarkets calls itself international, but in reality supports only a limited set of languages: English, German, Italian, and a few others. These are mostly European languages, even though the company has no branches in Europe. The only unusual addition is Japanese.
The site structure is simple and overly basic. The top menu consists of standard sections — Trading, Promotion, About Us, Discover, and Be a Partner. There is no information about company leadership, financial statements, audits, order execution statistics, or liquidity providers. For any legitimate broker, this is baseline information, yet here it is completely missing.
At the bottom of the website, there are claims about reliability, mentions of FSC and DMCC, several “data protection” icons, and a risk warning. The text is filled with pseudo-motivational phrases such as “we create the future of trading”, “only the best conditions for the best traders”, “insurance up to $200,000”, and “the ideal platform for growth”.
Communication options are minimal. Fotmarkets offers one email address, one phone number, and a contact form. Reputable companies typically provide multiple emails and phone lines for different departments — support, verification, payments, partnerships, and others.
There is no online chat, even though this is a basic feature for any modern broker. The company does have social media accounts, Instagram, X, LinkedIn, and YouTube, but engagement is extremely low. The number of followers is minimal, and useful content is almost nonexistent. The YouTube channel has no videos at all.
Fotmarkets offers three account types: Standard, Plus, and Raw. On paper, they differ only in the numbers shown in the comparison table, but in reality, they are essentially the same, just packaged with different promises of “attractive” spreads. Standard is positioned as the entry-level option with spreads from 1.2 pips and zero commission. Plus is marketed as more advantageous, supposedly offering spreads from 0.6 pips, also with no commission. Raw is the “professional” option, where the broker promises spreads from 0.1 pips but charges 2.5 dollars per side of the trade.
The minimum deposit for all accounts is the same — only $30. The maximum leverage is 1:500, a level not used by reputable regulated brokers like Pepperstone, XTB, or IG, but widely advertised by offshore companies to attract inexperienced traders who do not understand the risks.
The trading costs on the website are presented as if they were minimal: zero commission, ultra-tight spreads, and instant execution. In reality, spreads can be high and execution can be very slow.
The platform offers no unique extra services. Fotmarkets provides only a small selection of educational materials, a partnership program, and copy trading — far too little to compete with established and reputable brokers.
Fotmarkets also offers bonuses. The broker advertises a 100% bonus up to $1,000, but the bonus cannot be withdrawn, it automatically expires if the balance drops, and withdrawing regular funds immediately removes part or all of the bonus. To withdraw profit, the client must trade large volumes — up to 6 standard lots just for a no-deposit bonus. The platform reserves the right to cancel the bonus at any time, void profits, or even block the account if something “does not meet the rules”. In practice, this is not a gift but a tool designed to trap traders inside the system and create artificial withdrawal restrictions.
The website presents everything as “official” as possible: two addresses, one in Mauritius and one in Dubai, plus a separate Cyprus company that allegedly handles payments. On the surface, it looks impressive: long office names, floors, room numbers, buildings, and business centers. But a deeper look shows it is just a collection of legal points on a map, not real offices where you can get support. Mauritius is an offshore zone with thousands of shell companies. The Dubai address belongs to the DMCC free zone, where businesses can be registered in a matter of days, and this does not grant the status of a regulated financial institution. The Cyprus address is simply a payment agent, not the broker itself.
The situation with licenses is the same. The website claims regulation in Mauritius (FSC, license GB23201518) and a DMCC number in Dubai. We checked — these entries do exist. However, the actual value of these licenses is comparable to “a certificate on a wall”. The Mauritius FSC is one of the weakest regulators in the industry: it barely supervises brokers, does not monitor execution quality, does not insure clients, does not perform thorough inspections, and does not ensure funds are protected. The DMCC is not a financial license at all — it is simply a business permit for operations within a free zone. It does not regulate Forex, CFDs, or investment services. So the broker technically has “something” on paper, but nothing that protects traders in practice.
And that is the core problem. Everything looks attractive on paper, but in reality, this mix of offshore registration and low-grade licenses leaves clients fully exposed to risk. There is no strong oversight like FCA, ASIC, or CySEC. No compensation fund. No capital requirements. No accountability in case of disputes. If you face problems with withdrawals, spread manipulation, trade cancellations, or missing funds, there is nowhere to go. Trading with such a company is unsafe: the legal shell exists, but protection is zero.
Reviews about Fotmarkets appear positive only on the surface: hundreds of short one- or two-sentence comments without details, without facts, and without any real experience — a classic sign of mass-produced fake feedback. Genuine reviews stand out immediately: they are longer, specific, and describe real problems — profit cancellations, account blocks, withdrawal issues, and slow support. As a result, it becomes clear that the positive image is artificially manufactured, while real stories reveal the broker’s risky and toxic practices.
After a detailed analysis, it is clear that Fotmarkets is an offshore project using questionable methods to attract clients. Fake reviews, aggressive bonus schemes, and weak licenses create far too many risks. This broker does not deserve trust and is not suitable for working with real money. It is much safer to choose a more transparent and better-protected company.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
I opened a Raw account because they advertised spreads from 0.1 pips and fast execution. In reality, it is the opposite: spreads rarely drop below 2–3 pips and jump to 10 at night. Execution is terrible — one- to two-second delays, with trades opening several pips worse than requested. More than once I saw candles being “drawn in” as if the chart at Fotmarkets has a life of its own. Serious brokers do not behave this way. I believe their charts are fake, and they trade against their clients.
I have been trading for more than five years, and I have never seen anything this absurd. On Fotmarkets, I placed just a couple of trades, made around $1,400 profit, and submitted a withdrawal request. A day later, I received an email saying my withdrawal was “under review”. Two days after that, they told me the trades were “suspicious”, canceled the profit, and said they would send the remaining balance only after additional verification. The verification took a week and ended with nothing – the account was simply blocked without explanation. Support keeps sending template replies and cannot explain where my money is. Why so many problems? It looks very much like a scam.
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