SaracenMarkets Forex Broker

SaracenMarkets Review SummaryRegistered On2021-06-10Registered Country/RegionSaint Vincent and the GrenadinesRegulationFSCA (Exceeded)Market InstrumentsForex, Commodities, Equity, Cryptocurrencies, and IndicesDemo Account✅LeverageUp to 1:2000SpreadFrom 0.0 pipsTrading PlatformMT4, MT5Min Deposit$10Customer Support+85281975503 ((HK Ofhce)support@saracenmarkets.comTwitter, Facebook, Instagram29 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193 South Africa.Suite 305, Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, VC0120 St.Vincent & Grenadines (SARACEN INC)SaracenMarkets Information SaracenMarkets is a global online trading services platform operated by SARACEN MARKETS (PTY) LTD. With MetaTrader 4 and MetaTrader 5 as its core trading platforms, it covers diverse financial instruments such as foreign exchange and contracts for difference (CFDs). Bonuses are also available for users to claim.Pros and ConsPros Cons Spread as low as 0.0 pipsFSCA (Exceeded)Leverage up to 1:2000$5 commission per lot (VIP)Multiple trading instrumentsHigh leverage riskMT4/MT5 availableNo deposit bonus ($10)Is SaracenMarkets Legit? SaracenMarkets is unregulated and does not undergo strict financial supervision. It is recommended to prioritize trading with brokers regulated by top-tier regulatory authorities.What Can I Trade on SaracenMarkets? SaracenMarkets offers a diverse range of trading instruments, including forex, commodities, indices, equity, and cryptocurrencies.Tradable Instruments Supported Forex✔Commodities✔Equity✔Cryptocurrencies✔Indices✔ETFs❌Bonds❌Mutual Funds❌Account Type SaracenMarkets offers two main account types: the Pro account using the STP model and the VIP account using the ECN model.AccountProVIPBest forAll TradersFastest SpeedMinimum Deposit$10$10Swap-free Islamic AccountYesYesFloating SpreadFrom 1.6 pips~From 0.0 pips~Maximum Leverage1:20001:500Account CurrencyUSDUSDExecution TypeMarket ExecutionMarket ExecutionMinimum Order Volume0.010.01Minimum Step Volume0.010.01Minimum Margin10.25Maximum Order Volume200200Margin Call50%50%Commission$0$5/LotMaximum Position200200Stop Out Level20%30%Expert Advisor√√Trading PlatformMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5SaracenMarkets Fees For SaracenMarkets' Pro account, the spread is floating, starting from 1.6 pips, with no commission; the VIP account has a spread as low as 0.0 pips but charges a commission of $5 per lot.Leverage The platform offers leverage of up to 1:2000 (Pro account). High leverage is suitable for experienced traders with strong risk tolerance.Trading Platform SaracenMarkets relies on two industry-leading trading platforms, MetaTrader 4 and MetaTrader 5, supporting downloads for web desktops and macOS.Trading PlatformSupported Available Devices Suitable for MetaTrader 4✔Windows, macOS, WebTraderBeginnersMetaTrader 5✔Windows, macOS, WebTraderExperienced TradersDeposit and Withdrawal Deposit supports small deposits in multiple currencies, starting from a minimum of $10, with lower amounts available in some countries (e.g., $5 in South Africa); payment methods include credit cards (Visa), e-wallets (PaymentAsia, Valao), etc. Deposits are commission-free and processed quickly, completing within hours.DepositDeposit MethodCurrencyFees/CommissionProcessing TimeBetterEFTZARZERO FeeInstantAraniPayINRZERO FeeInstantWalaoPayMYR, IDR, VND, THBZERO FeeInstantPaymentAsiaMYR, VND, PHPZERO FeeInstantSurePayMYR, VND, THB, SGDZERO FeeInstantB2BinPAYCoins, Stable Coins2% FeeDepends on BlockchainLocal DepositorBNDZERO FeeDepends on LD WithdrawalDeposit MethodCurrencyFees/CommissionProcessing TimeBetterEFTZARZERO FeeInstantAraniPayINRZERO FeeInstantWalaoPayMYR, IDR, VND, THBZERO FeeUp to 24 hoursPaymentAsiaMYR, VND, PHPZERO FeeUp to 24 hoursSurePayMYR, SGDZERO FeeUp to 24 hoursB2BinPAYCoins, Stable CoinsZERO FeeUp to 24 hoursLocal DepositorBNDZERO FeeUp to 24 hoursCopy Trading The copy trading service of the platform is a major highlight, providing a convenient profit-making channel for users lacking trading experience. In addition, strategy providers can earn a commission of up to 30% from the trading profits of followers, achieving a win-win situation.Bonus No Deposit Bonus: New users can receive $10 in real funds without making a deposit. Deposit Bonus: Get a 30% reward on each deposit. For example, if you deposit $100, your account will receive an additional $30. Cashback: Earn up to $2 per lot in rebates!