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SaracenMarkets Forex broker specializes in providing foreign exchange trading services, the company's official website https://saracen.app/..., the company's legitimate regulatory information South AfricaFSCADerivatives Trading License (EP) to enhance the security of the company's address 3RD FLOOR, STANDARD CHARTERED TOWER, CYBERCITY, EBENE 72201, MAURITIUS

SaracenMarkets Forex Broker

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SaracenMarkets

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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!
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Basic Information

Registered Region
Mauritius
Operating Period
--
Company Name
SARACEN MARKETS LIMITED
Abbreviation
SaracenMarkets
Company employee
--
Customer Service Email Address
support@saracenmarkets.com
Contact Number
+2304642668
Company Address
3RD FLOOR, STANDARD CHARTERED TOWER, CYBERCITY, EBENE 72201, MAURITIUS
How to login to SaracenMarkets?
Saracenmarkets Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Saracenmarkets Account Creating a Saracenmarkets account is the first step to trading forex, commodities, and cryptocurrencies on this platform. Follow these detailed steps to complete the saracenmarkets registration process: Step 1: Accessing the Registration Page Begin by visiting the official Saracenmarkets website at saracen.markets. Look for the "Sign Up" or "Register" button prominently displayed on the homepage. Click on it to navigate to the registration form. Step 2: Filling in Required Information You will be prompted to enter your personal details, including: Full Name Email Address Phone Number Country of Residence Preferred Password Ensure that the information provided is accurate to avoid issues later in the process. Step 3: Email/Phone Verification After submitting your information, Saracenmarkets will send a verification link to your registered email address or a code to your phone. Click the link or enter the code to verify your account. This step is crucial for account security. Step 4: Identity Verification (if required) Depending on your region and the regulations applicable, you may be required to provide additional identification documents, such as: A government-issued ID (passport or drivers license) Proof of address (utility bill or bank statement) This verification helps Saracenmarkets comply with legal requirements and ensures the security of your account. Step 5: Registration Confirmation Once your information is verified, you will receive a confirmation email indicating that your account has been successfully created. You can now proceed to log in to your account. Common Registration Issues and Solutions Email Not Received: Check your spam/junk folder. If you still dont see it, try resending the verification email. Verification Code Issues: Ensure your phone number is correctly entered. If you do not receive the code, request a new one. Document Rejection: Ensure that your documents are clear and legible. If rejected, follow the guidelines provided for resubmission. Regional Differences in Registration Certain regions may have specific requirements or restrictions during the saracenmarkets registration process. For instance, residents of certain countries may need to provide more extensive documentation due to regulatory compliance. Always check the Saracenmarkets website or contact support for region-specific guidelines. Part Two: Account Opening Process Saracenmarkets Account Opening Detailed Guide After successfully completing the saracenmarkets registration, the next step is saracenmarkets account opening. This process involves selecting the type of trading account that suits your needs. Explanation of Differences Between Registration and Account Opening While registration creates your user account, account opening involves selecting a specific trading account type, submitting necessary documents, and activating your trading capabilities. Preparation Work Before Account Opening Before opening your account, consider the following: Determine which account type suits your trading style (e.g., Pro, VIP, or Islamic accounts). Gather necessary documents for identity and address verification. Detailed Account Opening Steps Step 1: Selecting Account Type Once logged in, navigate to the account types section. Saracenmarkets offers various accounts, including: Pro Account: Minimum deposit of $10, suitable for all traders. VIP Account: Minimum deposit of $10, best for high-speed trading. Islamic Account: Swap-free account compliant with sharia law. Step 2: Submitting Required DocumentsUpload the necessary documents for identity and address verification as outlined in the registration process. Ensure all documents meet the required criteria to avoid delays. Step 3: Account Review ProcessAfter submitting your documents, Saracenmarkets will review them. This process may take a few hours to a couple of days, depending on the volume of applications. Step 4: Account ActivationOnce your documents are approved, you will receive a notification confirming that your account is active. You can now make your initial deposit and start trading. Step 5: Initial SetupLog in to your account to set your trading preferences and explore the trading platform. This is also where you can download the MetaTrader 4 application if you plan to trade using a mobile device. Frequently Asked Questions About Account Opening How long does the account opening process take? Typically, the review process can take from a few hours to a couple of days. What documents are required? A government-issued ID and proof of address are commonly required. Next Steps After Opening an Account After activating your account, consider familiarizing yourself with the trading platform using a demo account or exploring educational resources provided by Saracenmarkets. This will help you understand the market dynamics and trading strategies before engaging in live trading. Part Three: Login Guide Saracenmarkets Login Process Explained Once your account is set up, logging in to your Saracenmarkets account is straightforward. Follow these steps for a seamless saracenmarkets login experience. Basic Web Login Process Step 1: Visit the Saracenmarkets Website Go to saracen.markets and locate the "Login" button on the homepage. Step 2: Enter Your CredentialsInput your registered email address and password in the respective fields. Step 3: Click on the Login ButtonAfter entering your credentials, click the "Login" button to access your account. Step 4: Two-Factor Authentication (if enabled)If you have two-factor authentication enabled, you will receive a code on your registered mobile device. Enter this code to complete the login process. Step 5: Access Your AccountOnce logged in, you can navigate through your dashboard, view your account balance, and start trading. Mobile App Login Process If you prefer trading on the go, download the Saracenmarkets mobile app from your devices app store. The login process is similar: Open the app. Enter your credentials. Complete two-factor authentication if enabled. Access your trading account. Other Login Methods Currently, Saracenmarkets does not support third-party logins or Single Sign-On (SSO) methods. All users must log in using their registered email and password. Common Login Issues and Solutions Forgotten Password: Click on the "Forgot Password?" link on the login page and follow the prompts to reset your password. Account Lockout: If you attempt to log in with incorrect credentials multiple times, your account may be temporarily locked. Contact customer support for assistance. Technical Issues: Ensure your internet connection is stable. Clear your browser cache, or try a different browser if login issues persist. Special Instructions for First-Time Login: It is advisable to change your password upon first login for security reasons. Overview of Features After Login Once logged in, users can access various features, including: Trading dashboard Account settings Deposit and withdrawal options Educational resources and market analysis Additional Sections Account Security Recommendations To ensure the security of your Saracenmarkets account: Use a strong, unique password. Enable two-factor authentication. Regularly monitor your account activity. Best Practices for Account Management Keep your personal information updated. Regularly review your trading strategies and performance. Utilize demo accounts for practice before trading with real money. How to Get Technical Support For any technical issues or inquiries, contact Saracenmarkets support through: Email: support@saracenmarkets.com Live chat on the website Phone support (available in some regions) By following this comprehensive guide, you should be well-equipped to navigate the saracenmarkets registration, saracenmarkets account opening, and saracenmarkets login processes effectively. Happy trading!

Saracen Markets Forex Broker - Complete Information Guide

1. Broker Overview

Saracen Markets is a forex broker established in 2018. The company operates under the name Saracen Inc., with its headquarters located in Saint Vincent and the Grenadines. It also has a significant office presence in Dubai, United Arab Emirates. Saracen Markets is a privately held company, catering primarily to retail forex traders and institutional clients.

Since its inception, Saracen Markets has aimed to provide a diverse range of trading instruments and services to a global clientele, particularly focusing on markets in Southeast Asia and the Middle East. The broker's development has been marked by the introduction of competitive trading conditions, including high leverage and a user-friendly trading platform.

Saracen Markets operates on a straight-through processing (STP) model, which allows for direct order execution without intermediary involvement. This model is designed to enhance trading efficiency and provide clients with access to the foreign exchange market with minimal delays.

2. Regulatory and Compliance Information

Saracen Markets is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, under the registration number 26306 BC 2021. However, it is important to note that the regulatory framework in Saint Vincent and the Grenadines is less stringent compared to major financial hubs, which raises concerns regarding the overall safety and security of client funds.

The broker does not participate in any investor compensation scheme, which means that in the event of insolvency, clients may not be protected. Saracen Markets follows Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to verify the identity of its clients and ensure the legitimacy of transactions.

3. Trading Products and Services

Saracen Markets offers a modest selection of trading products, including over 35 forex currency pairs, commodities such as gold and silver, and various CFDs (Contracts for Difference) on indices and other assets. The broker's focus is primarily on major and minor currency pairs, catering to the needs of traders who prefer a straightforward trading experience.

The broker is continuously updating its product offerings, aiming to meet the evolving demands of its clients. In addition to forex, Saracen Markets provides access to indices and commodities, allowing traders to diversify their portfolios.

For retail clients, Saracen Markets emphasizes a user-friendly trading experience, while institutional clients can benefit from tailored services and solutions. The broker does not currently offer white-label solutions or asset management services.

4. Trading Platforms and Technology

Saracen Markets supports the widely acclaimed MetaTrader 4 (MT4) platform, which is accessible via web, desktop, and mobile devices. This platform is recognized for its robust features, including advanced charting tools, technical analysis capabilities, and support for automated trading through Expert Advisors (EAs).

The MT4 platform is available for both Windows and Mac operating systems, as well as through a web-based interface that allows traders to access their accounts from any device with internet connectivity. Additionally, the broker does not have its own proprietary trading platform, relying solely on MT4 for its trading operations.

The broker's technology infrastructure includes multiple server locations to ensure fast execution speeds and reliable connectivity. Moreover, Saracen Markets supports API access for automated trading solutions, enhancing the trading experience for algorithmic traders.

5. Account Types and Trading Conditions

Saracen Markets offers several account types to cater to different trading preferences:

  • Pro Account:

  • Minimum Deposit: $10

  • Spreads: Starting from 1.6 pips

  • Commission: None

  • Maximum Leverage: 1:2000

  • Available Instruments: Forex, commodities, indices

  • VIP Account:

  • Minimum Deposit: $50

  • Spreads: Starting from 0.0 pips

  • Commission: $5 per lot

  • Maximum Leverage: 1:500

  • Available Instruments: Forex, commodities, indices, equities, cryptocurrencies

Both account types offer swap-free Islamic options, catering to clients who require compliance with Islamic finance principles. The minimum trading volume is set at 0.01 lots, allowing traders to start with small positions.

Leverage ratios vary by account type, with the Pro account offering significantly higher leverage than the VIP account. This flexibility allows traders to choose an account that aligns with their risk tolerance and trading strategy.

6. Fund Management

Saracen Markets provides a variety of deposit and withdrawal methods to facilitate easy fund management for its clients. The broker supports:

  • Deposit Methods: Bank transfers, credit cards, and electronic wallets such as Neteller, Walao Pay, and Payment Asia.
  • Minimum Deposit Requirements: $5 for USD deposits, with varying amounts for other currencies.
  • Deposit Processing Time: Instant for most methods.
  • Deposit Fees: No fees charged for deposits.

For withdrawals, Saracen Markets offers similar methods as deposits, with a minimum withdrawal amount of $10 USD. The processing time for withdrawals is generally up to 24 hours, and the broker does not charge fees for withdrawals.

7. Customer Support and Educational Resources

Saracen Markets provides customer support through multiple channels, including phone, email, and live chat options. The support team is available 24/7, ensuring that traders can receive assistance whenever needed. The broker offers support in multiple languages, primarily focusing on English.

In addition to direct support, Saracen Markets provides educational resources, including webinars, tutorials, and market analysis services. Traders can access daily market insights, news updates, and research reports to enhance their trading knowledge and strategies.

8. Regional Coverage and Restrictions

Saracen Markets primarily serves clients from Southeast Asia and the Middle East, with a strong presence in countries such as Malaysia, Vietnam, and Thailand. The broker's services are tailored to meet the needs of traders in these regions, including support for local payment methods.

However, Saracen Markets does not accept clients from certain jurisdictions, including the United States, Canada, and EU/EEA countries. This restriction is crucial for potential clients to consider before engaging with the broker.

In conclusion, Saracen Markets positions itself as a competitive forex broker with a focus on providing high leverage and a user-friendly trading experience. While it offers a range of trading instruments and services, potential clients should carefully consider the regulatory environment and the associated risks before opening an account. The broker's commitment to customer support and educational resources further enhances its appeal, making it a viable option for traders seeking to enter the forex market.

Latest Reviews

FX1138282434

FX1138282434

Indonesia

they closed my buy sell positions without me closing either one and caused my account to be margin called return my funds if there is good faith I will delete all negative comments on social media

Exposure

02-22

FX1886668769

FX1886668769

Malaysia

My order has been closed before my SL is reached. There are still almost 30 pips left before my SL.

Exposure

2023-11-23

Fabrice Benoit

Fabrice Benoit

Vietnam

SaracenMarkets is a great choice for those looking to start trading with a small budget. Their low minimum deposit and competitive commission rates make it easy to get started and grow your portfolio.

Positive

2024-07-19

Andyo

Andyo

Hong Kong

SaracenMarkets has been awesome for me. They offer a ton of trading options and the spreads are super low. The high leverage is great for boosting profits, but you've got to be careful with it. I especially love how easy the app makes it to trade from anywhere.

Positive

2024-06-04

creater

creater

United States

My journey with SaracenMarkets has been largely positive, characterized by fast deposits, withdrawals, and smooth trading via the MT4 platform. There's room for better bonuses, but the user-friendly app, solid customer support, and an array of trading tools balance it out. Low spreads and sped-up execution stand out, though deposit and withdrawal times could be quicker. All in all, SaracenMarkets is a reliable broker.

37130

2024-04-19

SaracenMarkets Forex Broker has an overall rating of 5.58, Regulatory Index 3.60, License Index 3.60, Business Index 6.91, Software Index 9.18 Risk Control Index 9.59.
SaracenMarkets