FNmarkets review 2026: FundedNext's broker

Updated on 5 November 2026 · information checked against the official websites and help centres

FNmarkets is the CFD brokerage brand launched by the group behind FundedNext. After a challenge, some traders want to move to a live account with a broker they already know. Before opening an account, the most important point is not the spread: it is the licence, and therefore the protection you get.

Our verdict: FNmarkets operates under an offshore licence and, to our knowledge, without authorisation in the United Kingdom, the European Union, the United States or Canada. If you live in one of these countries, you do not benefit from your regulator's protections. Only deposit money you can afford to lose, and choose a locally regulated broker if protection matters to you.

See FNmarkets

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Strengths

Linked to the FundedNext group, well known to prop firm traders
Presented as an entity separate from the prop firm
CFD accounts on forex, indices and commodities

Weaknesses

Offshore licence (Mauritius, FSC), lighter-touch regulation than in the UK or Europe
No known authorisation in the UK, the EU, the United States or Canada
No investor compensation scheme for UK or European clients
Trading conditions not confirmed on the official website at the time of our check

Licence and regulatory status

FNmarkets first obtained a broker licence in Mwali, Comoros, in November 2024 (Finance Magnates, May 2025). The broker now operates through FNmarkets (Mauritius) Ltd, which states that it is authorised by the Financial Services Commission (FSC) of Mauritius under licence no. GB25204149 (FNmarkets legal notice, consulted on 5 November 2026). Finance Magnates confirmed this Mauritian authorisation in 2026. Mauritius remains an offshore jurisdiction: this licence gives you no UK or European protection. The licence application in Dubai (DFSA) and the European licence (CySEC) under consideration had not been confirmed at the time of our check.

What this means for you if you live in the UK or the European Union:

No FCA or MiFID protection: the UK and European rules on client information and the management of conflicts of interest do not apply.
No UK or European leverage cap: the UK and the EU limit retail leverage to 1:30 on major currency pairs. An offshore broker can offer far more, which increases the risk of loss.
No compensation scheme (such as the FSCS in the UK) if the broker goes bust.
Limited recourse in the event of a dispute: you would have to turn to the regulator in Mauritius (FSC).

Platforms and conditions

According to third-party comparison sites, FNmarkets offers MetaTrader 5, Standard, Raw and Islamic accounts, a minimum deposit of $50 and high leverage. These conditions did not appear on any accessible official page at the time of our check: verify them on the FNmarkets website before opening an account. We found no mention of cTrader.

Beware of clone websites

A website with a similar name, FNPmarkets.co, has been on the Alberta Securities Commission (Canada) caution list since March 2024. It has no known link with fnmarkets.com. Always check the exact address before signing up or depositing.

Check for yourself before depositing

Consult the FCA Warning List (UK) and the AMF blacklist (France), or the list published by your own country's regulator.
Check that your country of residence is accepted by FNmarkets.
Start with a small deposit and test a withdrawal before going any further.

For the prop firm itself, read our FundedNext review.

See FNmarkets

CFDs are complex instruments with high leverage: a large majority of retail accounts lose money. A broker that is not regulated in your country does not offer your regulator's protections. Read the risk warning