SEC Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://personal.sec-markets.com/accounts/live-trading-account-registration, about the company's legal and temporary regulatory information, the company's address 723 Fairmont Hotel,Sheikh Zayed Road,Dubai UAE.
SEC Markets Forex Broker
Basic information
United Arab Emirates
2-5 years Suspicious Regulatory License MT5 Full License Global Business High potential riskCompany profile
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 Cons
| Pros | Cons |
| Diverse trading products and account types | No regulation |
| Support MT5 | No U.S. clients accepted |
| Provide exotic currency pairs | No VPS services offered |
| Multiple customer support channels | No information about withdrawal |
| 200% welcome bonus on every first deposit | |
| Economic calendar and calculators for traders | |
| Abundant learning resources on the website |
Is 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 Instruments | Supported |
| 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 Type | Bronze Account (Standard) | Silver Account (Pro) | Gold Account (VIP) |
| Minimum Deposit | 100 | 10,000 | 25,000 |
| Available Base | USD | USD | USD |
| Spreads From | 1.6 PIPS | 0.2 PIPS | 0.0 PIPS |
| Leverage | 1:100 | 1:200 | 1:200 |
| Min. Trade Volume | 0.01 pips | 0.01 pips | 0.01 pips |
| Commission | $0 | $0 | $0 |
| Stop out | 30% | 30% | 30% |
| Execution Type | Market execution | Market execution | Market execution |
| Execution Model | NDD | NDD | NDD |
| Suitable for | novice and experienced trader | experienced and active trader | advanced 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.
| Products | Spreads | Commissions USD Per Lot | Margins | |
| Forex | EURUSD | 0.2 pips (Premiere account)1.6 pips (Executive account) | N/A | 0.20% |
| AUDUSD | 0.2 pips (Premiere account)2.1 pips (Executive account) | N/A | 0.20% | |
| Indices | Japan 225 | 11 pips | FREE | 0.50% |
| EU Stocks 50 | 1.5 pips | FREE | 0.50% | |
| Commodities | Silver Vs US Dollar | 0.021 pips | FREE | 1% (fixed) |
| WTI Crude Oil | 0.028 pips | FREE | 1% (fixed) | |
| Stocks | Barclays | N/A | 0.16% | 10% |
| BAT | N/A | 0.16% | 10% | |
| Cryptocurrencies | N/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.
Rating Index
Silver
Bronze
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Latest Reviews
Stefan Weber
France
I love how intuitive and smooth the mt5 platform is! Plus, knowing they are offering 200% welcome bonus. Buddy, that is amazing!
Positive
2024-06-25
Jacque Masson
France
Very happy so far. Trading for over a year, fast withdrawals and good execution.
Positive
2023-11-28
Sokun Kumi
Cambodia
I did not trade for a long time, so I just stuck with the basic account here. No commissions, and the spreads are okay. But the best part? Their social trading system is amazing! Very mature copy trading system.
Positive
2024-07-22