What is Storm FX Markets?
Storm FX Markets is a forex and CFD broker based in Saint Vincent & the Grenadines, listed with a foundation year of 2021. It offers leverage up to 1:100, spreads from 0.1 pips and a minimum deposit of $200. Clients trade on MetaTrader4 for Android, iOS, Linux, Windows, and MAC, MetaTrader4 Webterminal and on mobile.
Storm FX Markets is an online trading broker based on the MetaTrader4 platform. This has separate applications or software for Windows, MacOS, Linux, Android, and iOS.
Storm FX Markets: Key Facts
There are both Demo and Live accounts available on Storm FX Markets. Clients can trade without funding and without any risk of losing money on a Demo account. The demo account is mainly for Beginners. On the other hand, the live account is for actual trading. Clients will invest their money, trade on assets, and make a profit or loss.
Storm FX Markets provides five types of live accounts available for trading. These accounts are named Mini account, ECN account, ECN Pro account, PAMM account, and Social Trading account. All the individual features of different accounts are described:-
- Mini Account:- This account starts with a minimum of $200 deposit. This account has its spread starting from 1.6 pips. The maximum leverage in this account is 1:200. The commission is $7 round turn per lot.
- ECN Account:- This account requires a minimum deposit of $1000. The spread in this account starts from 0.8 pips. The maximum leverage in this account is just the same as the Mini Account. The commission in this account is $8 per round turn lot.
- ECN Pro Account:- This account starts with a $5000 minimum deposit. This account comes with a true raw spread. The leverage in this account is maxed at 1:100. The Commission charged in this account is $9 per round turn lot.
- PAMM Account:- This account requires a minimum deposit of $200. The spread in this account is 1.6 pips and the leverage in this account is 1:100. The commission charge in this account is $6 per lot.
The Social Trading account has no specified numbers. This is why it is not discussed here.
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DIDIMAX- Official website: Storm FX Markets
Is Storm FX Markets safe and regulated?
Storm FX Markets is regulated by Storm FX Markets has no regulatory. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Storm FX Markets account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $200 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Storm FX Markets provides MetaTrader4 for Android, iOS, Linux, Windows, and MAC, MetaTrader4 Webterminal, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Storm FX Markets supports 6 funding methods, including Bitcoim, Ethereum, Litecoin, Cardano, USDT, Omni. Accounts can be held in 1 base currency (USD), which helps you avoid conversion fees.
Storm FX Markets bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current Storm FX Markets promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Storm FX Markets website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Storm FX Markets pros and cons
Pros
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 6 deposit methods including crypto
Cons
- Only offshore regulation
- No investor compensation scheme
- $200 minimum deposit is higher than some rivals
- No Islamic account listed
How to open a Storm FX Markets account
- RegisterVisit the Storm FX Markets website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $200 with Bitcoim, Ethereum, Litecoin or another method.
- Start tradingLog in to MetaTrader4 for Android, iOS, Linux, Windows, and MAC, MetaTrader4 Webterminal or the mobile app and set your risk per trade.
Is Storm FX Markets a good broker? Our verdict
Storm FX Markets suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.