FISG Review 2025

Trust

FISG Regulators

When reviewing brokers, we examine the licenses held by each of their entities to determine how effectively they protect clients. We use a simple three-tier system to rank regulatory bodies, with Tier 1 being the most trusted and offering the highest level of protection.

This is what I discovered about the four entities operating under the FISG trade name:

• The First Interstellar Capital Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 166/12. We rate CySEC as a Tier-1 regulator.
• Interstellar Group Capital Pty Ltd operates as an authorized representative of Wise Harbour Group Pty Ltd, which is licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 389753. We rate ASIC as a Tier-1 regulator.
• First Interstellar Global Ltd is licensed and regulated by the Financial Services Authority (FSA) of Seychelles. We rate the FSA as a Tier-3 regulator.
• Interstellar Financial Group Limited is a limited liability company incorporated in Saint Vincent and the Grenadines, with registration number 22770. The entity is not regulated.

How Does FISG Protect You?

Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity with which they choose to open an account.

Here is how FISG’s Interstellar Financial Group Limited protects you:

✅ Segregated Accounts – Client funds are kept separate from the company’s own capital.

✅ Negative Balance Protection – Your losses cannot exceed your invested capital.

❌ Insurance Coverage – In the unlikely event of insolvency, your funds may be exposed to the broker’s credit liabilities.

To learn more about the most essential safety mechanisms and how they apply to you, read our comprehensive guide about client protections.

Stability and Transparency

In our Trust category, we assess how stable and transparent a broker is. This includes how long they’ve been in business, the size of the company, and how openly they share important information.

According to the broker’s LinkedIn page, the company was established in 2011 and employs 172 specialists, indicating it is a mid-sized firm that is continuously growing.

I also checked FISG’s legal documents and discovered that everything was in order. Important legal information is readily available and fairly exhaustive. The client agreement is written in a clear and concise manner.

I also noticed that FISG displays live spread data on its website, allowing visitors to assess its fee competitiveness and transparency easily.

Is FISG Safe?

I concluded that FISG is sufficiently safe to trade with due to the following factors:

• The broker keeps client funds in segregated accounts.
• It guarantees negative balance protection.
• Its legal info is readily available.

Fees

FISG Trading Fees

FISG Spreads

I tested FISG’s spreads on 16 September 2025 during the London and New York opens. The results are shown in the table below:

Live testing revealed that compared to the industry average, FISG charges average spreads on crude oil, Apple and Tesla shares, the Dow Jones Industrial Average, and Bitcoin, and high spreads on EURUSD, GBPJPY, gold, and the German DAX index.

FISG Swaps

A swap fee is the cost of keeping a trade open overnight, and it’s tied to the difference in interest rates between the two currencies in a pair. If you’re holding a buy (long) position, you may either pay or earn interest depending on the rates—this is called a swap long. The same applies to a sell (short) position, where the overnight charge or credit is called a swap short.

The values listed below are for one full base currency contract (100,000 units).

My findings indicate that FISG’s swaps range from average (EURUSD) to high (GBPJPY) compared to the industry benchmark. This makes the broker an acceptable choice for overnight trading.

FISG Non-Trading Fees

FISG does not charge a handling fee for deposits and withdrawals, though third-party fees may apply.

I couldn’t find any information about the FISG’s inactivity fee on its website.

Are FISG’s Fees Competitive?

FISG’s fees aren’t the lowest you’ll find, but they can still be competitive in some areas. For instance, crypto traders may benefit from a tight BTCUSD spread plus no commissions. On top of that, the broker doesn’t charge any payment processing fees, which adds to its overall cost appeal.

Platforms and Tools

MetaTrader 4 Desktop

I tested the MetaTrader 4 (MT4) desktop platform and found it relatively easy to navigate. The main dashboard is intuitive, with charts, order types, and trading instruments located in familiar places.

However, the platform’s design feels outdated. Compared to more modern trading platforms, MT4’s chart visuals are rugged and lack the sleek, polished look that many traders today prefer.

Availability & Features

The MT4 platform by FISG is available for both Windows and Mac users and supports 39 languages, including English, Spanish, German, Arabic, and Chinese — making it accessible to traders worldwide.

MT4 features include:

• Price Alerts: Set alerts when an instrument hits a specific price — ideal for spotting trade entry opportunities.
• Customizable Watchlists: Keep tabs on your favorite instruments with ease.
• One-Click Trading: Enter trades instantly at market price — perfect for scalpers or fast-paced traders.
• Chart Trading: Place and manage orders directly from the chart, including entry points, volume, stop-loss, and take-profit levels.

In my view, MT4 really shines when it comes to automated trading. It supports Expert Advisors (EAs) and comes with an easy-to-use strategy tester, allowing algo traders to fine-tune their systems for different market conditions.

Charting & Analysis Tools

MT4 is loaded with analytical tools, including:

• 30 built-in technical indicators: From trend-following to oscillators and volume-based tools.
• 24 drawing tools: Including Fibonacci retracements, Elliott Waves, and more for technical pattern spotting.
• 9 timeframes: Great for multi-timeframe analysis.
• 3 chart types: Line, bar, and candlestick options let traders view price action in their preferred format.

That said, the charts can get visually cluttered quite fast — even when only two indicators are active. This can make it harder to interpret price action clearly and may not be ideal for traders who rely heavily on clean, minimalistic chart setups.

Order Types

MT4 offers three execution modes and covers all the core order types needed by most traders:

• Market Orders: Instant execution at the best available price — ideal for quick entries
• Limit Orders: Target a specific price level for entry, though execution isn’t guaranteed.
• Stop Orders: Protect open positions with predefined risk levels. Stop-loss orders automatically convert into market orders once triggered.

MT4 Desktop: My Key Takeaways

MetaTrader 4 is a solid platform for fast and straightforward trading, particularly if you’re into algorithmic strategies or use EAs. It’s reliable, packed with tools, and supports detailed trade execution.

However, its interface feels dated compared to more modern alternatives like TradingView or cTrader. If you’re a trader who values sleek design and customizable charting, MT4 might feel a bit too rigid and visually overwhelming.

MT4 App

The MT4 mobile app is available on iOS and Android, enabling quick and easy access to the market on the go. It is very useful for opening, terminating, and adjusting open positions.

You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

MT4 App: My Key Takeaways

The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, it is cumbersome and not the best choice for analyzing price action.

FISG Execution Model

FISG operates as a principal (market maker) to client orders. This means that the broker creates liquidity (filling client orders) by trading against the client – it sells to buyers and buys from sellers. In some instances, FISG may also operate as an STP/ECN broker, as per its client agreement.

Tradable Instruments

Compared to the industry average, FISG offers a low number of share CFDs, an average number of currency pairs and cryptocurrencies, and a high number of commodities and indices. The broker also offers a selection of bonds, which are not typically available from many brokers.

What Are CFDs?

CFDs (Contracts for Difference) let you trade on the price movements of assets—like gold—without actually owning them.

For example, if you go long on gold and the price rises, you profit; if it falls, you lose—without ever buying real gold.

The biggest perk? You can jump in or out of the market quickly to take advantage of even the smallest price changes.

What CFDs Can You Trade With FISG?

FISG Instruments: My Key Takeaways

I appreciated FISG’s broad offering of commodities and indices, which are available as both CFDs and futures contracts. This range provides traders with greater flexibility to navigate unpredictable market volatility. FISG can improve its selection of tradable instruments by including additional stocks and low-risk securities, such as ETFs and some more bonds.

Customer Support

Customer Support Channels

Customer Support Test

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, the time it takes them to respond to questions, and the level of detail in their answers.

I performed my test on 3 November at around 13:20 CET via live chat. An agent took a couple of minutes to connect to the chat, taking longer than usual. When I inquired into FISG’s retail leverage, the agent did not struggle with the question and provided a straightforward answer.

However, they could not offer any satisfying answer to my question regarding the ECN commission – something that must have been pretty obvious as well.

Deposit and Withdrawal

How Do You Deposit Money With FISG

How Do You Withdraw Money With FISG

Account Types and Terms

How to Open an Account With FISG

To open an account with FISG, follow these simple steps:

1. Click ‘Start Trading’ in the middle of the main page.
2. Enter your email address, name, country of residence, and phone number.
3. Choose a trading password and proceed with the registration.
4. Confirm your email address.
5. Provide the rest of your personal details.
6. Configure your trading account.
7. Upload proof of ID and proof of address to verify your account.

FISG Account Types

I learned that only the Union Account is currently available for traders. It features zero commissions and a floating spread from 1.7 pips.

The ECN account is supposed to feature lower spreads, though I could not confirm whether it features a trading commission as well.

Demo Accounts

FISG offers a demo account that lets traders explore the broker’s available platforms and test their strategies in a risk-free environment. Since markets are constantly changing, it’s crucial to keep your skills sharp without risking real money. You can open a demo account before or alongside your live CFD account.

Swap-Free (Islamic) Accounts

FISG provides Islamic accounts for swap-free trading under Shariah Law. Please contact the broker for additional information.

What is CFD Leverage?

Leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money, allowing them to open larger positions. Leverage multiplies the profits a trader generates from winning positions, but also the losses incurred from failed trades.

What Leverage Does FISG Offer?

In the table below, I have listed the maximum retail leverage available with FISG for instruments from different asset classes:

FISG Restricted Countries

FISG does not accept as clients residents of Belarus, Burundi, the Central African Republic, the Democratic Republic of the Congo, Guinea, Guinea-Bissau, the Republic of Guinea, South Sudan, Ukraine, the United States of America, Venezuela, Zimbabwe, or any other restricted country or jurisdiction where trading is prohibited by law.

Research

Research Tools

• Economic Calendar: The economic calendar informs traders of upcoming market events and economic releases that have the potential to trigger a market reaction, thereby creating viable trading opportunities.

• FISG Notices and Breaking News: The broker’s proprietary news screener provides brief market breakdowns, informing traders of the latest economic releases and financial news that affect the market.

• FISG Analysis: Market news breakdowns are also available in video format. These materials offer traders a more in-depth overview in an easy-to-understand format.

• Transaction Analysis: FISG also publishes detailed trading signals, informing traders of currently unfolding trading opportunities.
  This type of content comprises several key components: technical breakdowns, comprehensive fundamental analyses, and supporting price charts. Each signal is also supported with a performance tracker.

FISG Research: My Key Takeaways

FISG’s research offering is fairly broad and layered, giving traders a solid overview of ongoing market developments and highlighting potential trading opportunities. The main area for improvement would be the addition of third-party content (such as Autochartist or Trading Central), which could add more nuance and depth to the in-house analysis.

Education

FISG’s educational offering includes a small video library with seven clips covering basic trading concepts like “What is Leverage?” and “What is Overnight Interest?” The videos are light and easy to follow but fairly limited in scope, offering only a surface-level introduction.

On top of that, the broker has put together a structured educational course consisting of 8 core topics—ranging from technical and fundamental analysis to trading psychology and risk management. The course features 22 individual articles that go into more detail than the videos, making them a better resource overall. Still, the materials remain somewhat basic and may not be sufficient for advanced traders looking for deeper insights.

The Bottom Line

FISG is a mixed bag. On one hand, it delivers solid perks like MetaTrader 4 support, upcoming MT5 integration, copy trading, and impressive crypto conditions with tight BTCUSD spreads and massive 1:200 leverage on crypto. Its in-house market research and structured educational content also make it a decent fit for beginners and intermediate traders.

On the other hand, the broker lags behind industry peers when it comes to fees, with spreads and swaps that are often above the benchmark. A limited selection of trading accounts and unresponsive customer support further hold it back.

All things considered, FISG could be a suitable choice for traders focused on crypto or copy trading, but those seeking tighter fees, stronger transparency, and a wider account range may look for better value elsewhere.