Sapphire Markets Forex Broker

General Information Registered in Saint Vincent and the Grenadines, Sapphire Markets is an offshore forex broker established in 2021, offering its clients a series of trading instruments, such as Foreign Exchange, Commodities, and more. Sapphire Markets claims traders can enjoy competitive spreads through the advanced MT5 trading platform, leverage up to 1:500. However, please note that Sapphire Markets is not subject to any regulation currently. Although this alone does not necessarily mean it is a scam, investors are advised to take extra vigilance and be aware of the risk involved when dealing with this broker. Market Instruments With Sapphire Markets, traders can get access to a bulk of trading instruments across five classes. Foreign Exchange, Metals, Indices, Commodities, Cryptocurrency are all available with this brokerage platform. Account Types Sapphire Markets says it offers three distinct trading accounts to suit different traders trading needs: Standard, Raw Spread, and Prime accounts. While additional account features, even the minimum initial deposit requirement for each account, are not disclosed. How to get started？ To start trading with Sapphire Markets, traders need follow these three steps: 1. Sign up for a Sapphire Markets trading account. 2. Sapphire Markets will verify your uploaded information before activating your account through a series of security questions. 3. Then you can fund your Sapphire Markets account and start trading on this platform. Leverage The maximum trading leverage offered by Sapphire Markets is up to 1:500, which is considered high. Since this broker is an offshore brokerage with no restriction on leverage, it tries to use high leverage to attract newcomers. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high lever in case of heavy fund losses. Spreads & Commissions Spreads and commissions are determined by trading accounts. With the Standard account, you dont have to pay any commission, accompanied with wider spreads. The Raw Spread account offers competitive spreads as low as 0.0 pips. Trading Platform In terms of trading platforms available, Sapphire Markets claims it offers access to the leading MT5 trading platform, which can be accessed on Desktop, Android, and IOS terminals. With MT5, traders can trade forex, commodities, stocks indices, and cryptocurrencies, and this platform allows you to manage all the different markets together in one go. MT5 forecast the price dynamics of financial instruments and offers more than 80 technical indicators for advanced analysis. Customer Support Sapphire Markets offers multiple contact channels for traders to get in touch with them in the event that something goes wrong or they have any inquiries: Email: customersupport@sapphiremarkets.com Telephone +1205-235-2058 (USA) +441234 234893 (UK) +618 7081 1560 (AUD) +233 55 252 4562 (GH) Opening hour for telephone support available on 9:00 a.m. to 5:00 p.m. (UK). Please note that the information contained in the Introduction is for general information purposes only.