SEC Markets Forex Broker

SEC MarketsReview SummaryFounded2020Registered Country/RegionUnited Arab EmiratesRegulationNo regulationMarket InstrumentsForex, Indices, Commodities, Stocks, CryptocurrenciesDemo Account✅LeverageUp to 1:500Spread0.0 pips (bronze account)Trading PlatformMT5Min Deposit$100Customer SupportPhone: +44 2037699370; +971 43339559Email: info@sec-markets.comPhysical Address: 723 Fairmont Hotel, Sheik Zayed Road, Dubai UAE.SEC Markets Information SEC Markets, founded in 2020, is the biggest broker with gold-backed stability offered by the SEC Bullion. It offers CFD trading across 5 products (Forex, Indices, Commodities, Stocks, and Cryptocurrencies) and provides 3 account types (bronze, silver, and gold account) with traders.Pros and ConsPros Cons Diverse trading products and account typesNo regulationSupport MT5No U.S. clients acceptedProvide exotic currency pairsNo VPS services offeredMultiple customer support channelsNo information about withdrawal200% welcome bonus on every first depositEconomic calendar and calculators for tradersAbundant learning resources on the websiteIs SEC Markets Legit? SEC Markets is not regulated by any well-known regulatory authorities, which indicates high potential risks.What Can I Trade on SEC Markets? SEC Markets offers 66 currency pairs, 14 indices, 8 commodities, 27 stocks, and cryptocurrencies.Tradable InstrumentsSupported Stocks✔Forex✔Funds❌Bonds❌Cryptocurrencies✔Precious metals & Commodities✔Indices✔Account Types SEC Markets provides a total of 3 different types of accounts to traders: Bronze (Standard) Account, Silver (Pro) Account, and Gold (VIP) Account. Each account has a detailed introduction to help traders identify which account is suitable for them. Its important to carefully evaluate whether the conditions align with your trading goals, experience level, and financial situation. Additionally, the company also provides a demo account (which expires after one month) and Islamic accounts for a short duration. Opening a trading account is simple and quick. In just 4 steps, you can start trading: register, verify, fund, and trade.Account TypeBronze Account (Standard)Silver Account (Pro)Gold Account (VIP)Minimum Deposit10010,00025,000Available BaseUSDUSDUSDSpreads From1.6 PIPS0.2 PIPS0.0 PIPSLeverage1:1001:2001:200Min. Trade Volume0.01 pips0.01 pips0.01 pipsCommission$0$0$0Stop out30%30%30%Execution TypeMarket executionMarket executionMarket executionExecution ModelNDDNDDNDDSuitable fornovice and experienced traderexperienced and active traderadvanced trader VIP Account: To open a VIP Account, the trader needs to first fill out a VIP form to qualify for the VIP account.Leverage SEC Markets offers up to 1:500 leverage, which is considered high and suitable for experienced traders and requires careful risk management.SEC Markets Fees Trading Fees At SEC Markets, trading account options include various spreads with no commission. Spreads range from 0.0 PIPS to 1.6 PIPS. Spreads, commissions, and margins vary by product. For more detailed information, please refer to the website.ProductsSpreadsCommissions USD Per LotMarginsForexEURUSD0.2 pips (Premiere account)1.6 pips (Executive account)N/A0.20%AUDUSD0.2 pips (Premiere account)2.1 pips (Executive account)N/A0.20%IndicesJapan 22511 pipsFREE0.50%EU Stocks 501.5 pipsFREE0.50%CommoditiesSilver Vs US Dollar0.021 pipsFREE1% (fixed)WTI Crude Oil0.028 pipsFREE1% (fixed)StocksBarclaysN/A0.16%10%BATN/A0.16%10%CryptocurrenciesN/A Non-Trading Fees SEC Markets's minimum deposit is $100 and does not charge any monthly fees for trading. However, there is no further information provided about withdrawal-related fees or inactivity fees.Trading Platform SEC Markets's trading platform is MT5, which supports traders on the web and mobile.