SOAR Company

Soar Forex Broker - Complete Information Guide

1. Company Overview

Soar Global Markets, often referred to as Soar Broker, is a financial services company that primarily operates in the forex trading sector. Established in 2020, the company has its headquarters located in Murfreesboro, Tennessee, USA. As a private entity, Soar Global Markets has positioned itself to cater to both retail and institutional clients, focusing on providing a robust trading experience in the foreign exchange market.

The company has developed a reputation for its innovative approach to trading, leveraging technology to enhance the trading experience for its users. Over the years, Soar Broker has achieved several milestones, including the launch of its proprietary trading platform and the expansion of its product offerings to include a variety of trading instruments.

Soar Global Markets operates under a business model that encompasses retail forex trading, institutional services, and asset management solutions. The firm aims to provide competitive trading conditions and a user-friendly trading environment, making it an appealing choice for traders seeking to navigate the complexities of the forex market.

2. Regulatory and Compliance Information

Soar Global Markets is an unregulated entity, which means it does not fall under the supervision of any major financial regulatory authority. This lack of regulation raises concerns for potential investors, as it may expose them to higher risks compared to regulated brokers.

While specific regulatory numbers and licenses were not provided in the available information, it is crucial for prospective clients to understand the implications of trading with an unregulated broker. The absence of regulatory oversight means that there is no formal recourse for clients in case of disputes or issues related to fund safety.

Soar Broker emphasizes its commitment to client security through its client fund segregation policies, ensuring that customer deposits are kept separate from the companys operational funds. However, without the backing of an investor compensation fund, clients may not have the same level of protection as they would with a regulated broker.

In terms of compliance, Soar Global Markets implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to verify the identity of its clients and prevent fraudulent activities. These practices are essential in maintaining a secure trading environment.

3. Trading Products and Services

Soar Broker offers a diverse range of trading products, primarily focusing on forex trading. The platform provides access to over 25 currency pairs, including major, minor, and exotic pairs, allowing traders to engage in various trading strategies.

In addition to forex, Soar Global Markets offers Contracts for Difference (CFDs) on a variety of asset classes, including:

• Indices: Major global indices for traders looking to diversify their portfolios.
• Commodities: Trading options on precious metals, energy products, and agricultural commodities.
• Stocks: Access to shares of prominent companies across different sectors.
• Cryptocurrencies: Opportunities to trade popular cryptocurrencies, catering to the growing demand for digital assets.

The firm frequently updates its product offerings, ensuring that clients have access to the latest trading instruments and market opportunities. Retail trading services are complemented by institutional client services, which include tailored trading solutions and liquidity provision.

Soar Global Markets also provides white-label solutions for businesses looking to enter the forex trading space, along with asset management services designed for investors seeking professional management of their portfolios.

4. Trading Platforms and Technology

Soar Broker supports the widely used MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and comprehensive trading tools. The MT4 platform allows traders to execute trades efficiently, analyze market trends, and utilize automated trading strategies through Expert Advisors (EAs).

In addition to MT4, Soar Global Markets has developed a proprietary trading platform that offers advanced features and functionalities, enhancing the trading experience for its users. The platform is accessible via web and mobile applications, supporting both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.

The broker operates on a Market Making execution model, which means it acts as a counterparty to its clients trades. This model can provide faster execution speeds and tighter spreads, although it may also introduce potential conflicts of interest.

Soar Broker utilizes a robust technological infrastructure, with servers located in key financial hubs to ensure low latency and high availability. The broker also offers API access for clients interested in automated trading solutions, enabling them to connect their trading systems directly to the broker's platform.

5. Account Types and Trading Conditions

Soar Global Markets offers several account types to cater to different trading needs. The primary account types include:

• Standard Account:

• Minimum deposit: $100

• Spread: Starting from 1.5 pips

• Commission: None

• VIP Account:

• Minimum deposit: $10,000

• Spread: Starting from 1.0 pips

• Commission: None

• Islamic Account: Available for clients adhering to Sharia law, offering swap-free trading conditions.

• Corporate Account: Tailored for businesses looking to trade on behalf of clients or for corporate investment purposes.

Soar Broker provides a demo account for new traders, allowing them to practice trading strategies without risking real capital. The leverage offered by the broker varies depending on the asset class, with forex leverage reaching up to 1:400.

The broker also implements overnight fees for positions held beyond the trading day, which is standard practice in the industry. Traders should be aware of these fees when planning their trading strategies.

6. Fund Management

Soar Global Markets supports a variety of deposit methods to facilitate easy funding of trading accounts. Accepted deposit methods include:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets (such as Skrill and Neteller)

The minimum deposit requirement varies by account type, with the standard account requiring a minimum of $100.

Deposit processing times are generally quick, with most methods being processed instantly or within a few hours. However, specific details regarding deposit fees were not disclosed in the available information.

Withdrawal methods mirror the deposit options, allowing clients to withdraw funds through bank transfers, credit/debit cards, or e-wallets. Processing times for withdrawals can vary, typically taking 1-5 business days, depending on the method used.

It is important for clients to review the withdrawal fees associated with each method, as these can impact their overall trading profitability.

7. Customer Support and Educational Resources

Soar Broker provides multiple channels for customer support, including:

• Phone Support
• Email Support
• Live Chat
• Social Media

The support team is available during business hours, catering to clients across different time zones. The broker also offers multi-language support, ensuring that clients from various backgrounds can receive assistance in their preferred language.

In addition to customer support, Soar Global Markets invests in educational resources for its clients. These resources include:

• Webinars: Regular online seminars covering various trading topics and strategies.
• Tutorials: Step-by-step guides on using the trading platform and understanding market dynamics.
• E-books: Comprehensive materials on trading strategies, risk management, and market analysis.

Market analysis services are also available, providing traders with daily updates, news, and research reports to keep them informed about market trends and potential trading opportunities.

8. Regional Coverage and Restrictions

Soar Global Markets primarily serves clients in North America, with a focus on the United States. The broker has established a presence in key markets, aiming to attract both retail and institutional clients.

While the broker operates internationally, it does not accept clients from certain jurisdictions, including:

• United States
• Canada
• Japan
• Australia

These restrictions are often due to regulatory requirements in those countries, which can complicate the operations of an unregulated broker like Soar Global Markets. Clients should verify their eligibility to trade with the broker based on their country of residence.

In summary, Soar Global Markets, or Soar Broker, offers a range of trading products and services designed to meet the needs of various traders. However, potential clients should carefully consider the implications of trading with an unregulated broker and ensure they are aware of the associated risks.