English

Rating Index

Pros

Access to multiple financial markets, including forex, precious metals, futures, and cryptocurrency, providing diversification opportunities for traders.

Utilizes the popular MT5 trading platform, known for its robust features, including advanced charting tools and automated trading capabilities.

Offers high leverage of up to 1:400, which can amplify potential profits for experienced traders.

Cons

Lacks regulation from any authoritative body, posing significant risks to investors due to the absence of oversight and protection.

High potential risk indicated by a low overall score (1.15 out of 10) on platforms like WikiFX, suggesting a lack of trustworthiness.

Vague information regarding spreads, commissions, and withdrawal processes, leading to potential transparency issues and concerns about fund accessibility.

Soyam broker Accounts

Soyam Account Type

Soyam Trade Limited offers its clients access to multiple financial markets, including foreign exchange, precious metals, futures, and cryptocurrency. Clients can register for a trading account with the broker, which allows them to trade various instruments using the leading MT5 trading platform. The trading account types available include:

Real Trading Account:

Allows clients to engage in live trading with real funds.
Clients can register for only one real trading account.

Demo Account:

Designed for beginners to practice trading without risking real money.
Provides a simulated trading environment to familiarize clients with the platform.

Soyam Broker Account Opening Process

To open an account with Soyam, follow these steps:

Visit the Official Website: Go to Soyam's official website.
Register a Real Account: Click on the option to register a real account.
Fill in Personal Information: Complete the registration form with the required personal data.
Verification: Submit the necessary documents for identity verification (specific documents may vary).
Demo Account Option: If desired, clients can also choose to open a demo account for practice.
Deposit Funds: After account approval, clients can deposit funds to start trading. Soyam supports deposits from all banks, but withdrawal methods are not clearly specified.
Contact for Withdrawals: For fund withdrawals, clients need to contact the broker directly, and processing times may vary from one to five working days.

It's important to note that Soyam is not regulated by any authorities, which poses potential risks for investors. Always conduct thorough research before proceeding with any trading activities.