English

SET-FX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://dolar.set-icap.com/auth/registro/, about the company's legal and temporary regulatory information, the company's address .

SET-FX Forex Broker

No Regulation

Rating Index

This rating is sourced from logo

Company profile

Aspect Information Company Name SET-FX Registered Country/Area Spain Founded year 5-10 years Regulation Unregulated Market Instruments Forex and securities Account Types N/A Minimum Deposit N/A Maximum Leverage N/A Spreads N/A Trading Platforms Not provided Customer Support Telephone: +57 (601) 742 77 77, email: info@set-icap.co and comercial@set-icap.co, online messaging, social networks Overview of SET-FX SET-FX, operating in Spain for 5-10 years, offers forex and securities trading. However, its unregulated status raises red flags, leaving traders vulnerable to potential fraud and lack of oversight. Despite providing multiple trading systems, including SET-FX, ICAPCO, and IHS, the broker's inaccessible official website poses significant hurdles for traders seeking essential information and market updates. With no regulatory authority overseeing its operations, SET-FX fails to instill confidence in traders, urging caution and thorough research before considering engagement. Regulatory Status SET-FX operates without regulatory oversight. This absence of supervision means that there are no established rules or guidelines governing its activities. Consequently, there's a lack of assurance regarding the fairness and security of transactions. Investors face increased risks of fraud, manipulation, and loss of funds. Pros and Cons Pros Cons Offers forex and securities Official website inaccessible Unregulated Pros: Various Financial Offerings: SET-FX provides access to both forex and securities markets. This versatility allows traders to diversify their portfolios, spreading risk across different asset classes. Cons: Official Website Inaccessibility: One significant drawback of SET-FX is the inaccessibility of its official website. Lack of Regulatory Oversight: As an unregulated entity, SET-FX operates without oversight from any financial authority. This absence of regulation exposes traders to various risks, including fraudulent activities, market manipulation, and inadequate investor protection. Market Instruments SET-FX offers financial services in forex and securities. Also, it offers three different systems - Electronic Foreign Exchange Market Information and Transaction System (SET-FX), ICAPCO Foreign Exchange Trading and Registration System and the Icap Hybrid System (IHS). Customer Support SET-FX s customer support can be reached by telephone: +57 (601) 742 77 77, email: info@set-icap.co and comercial@set-icap.co or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Headquarters: Cra. 11 No. 93 - 46 Office 403. Risk Warning Caution is advised when considering SET-FX for trading activities. The broker lacks valid regulation, exposing traders to potential risks such as fraud and insufficient investor protection. Additionally, the absence of trading software poses challenges for executing trades efficiently and accessing essential market data. Conclusion SET-FX, though providing access to forex and securities trading, is plagued by significant drawbacks. Its unregulated status leaves traders exposed to potential fraud and manipulation, lacking the protection and oversight afforded by regulated brokers. Moreover, the platform's inaccessible official website frustrates users, impeding access to crucial market information and transparency. Additionally, the absence of detailed account specifications and financial requirements exacerbates the platform's lack of clarity, fostering uncertainty among potential clients. FAQs Question: What financial instruments does SET-FX offer？ Answer: SET-FX provides trading opportunities in forex and securities markets. Question: Is SET-FX regulated by any financial authority？ Answer: No, SET-FX operates without regulatory oversight. Question: How can I contact SET-FX for customer support？ Answer: You can reach SET-FX customer support via telephone, email, or online messaging, as well as through social networks like Twitter, Facebook, and LinkedIn.

SET-FX broker review

Is SET-FX safe or scam

How to login to SET-FX?

SET-FX Similar Brokers

Pros

Offers a variety of account types with different minimum deposit requirements, catering to various trader preferences.

Supports a maximum leverage of up to 1:500, which can be attractive for experienced traders looking to maximize their trading potential.

Provides access to a range of trading products, including forex and CFDs, allowing for diverse trading strategies.

Cons

Lacks valid regulatory information, which raises concerns about the safety and protection of traders' funds.

Has a low risk management index and a suspicious regulatory license, indicating a high potential risk for traders.

Customer service information is limited, which may hinder support and assistance for users facing issues.

Basic Information

Registered Region

Spain

Operating Period

Company Name

SET ICAP FX SA

Abbreviation

SET-FX

Company employee

Customer Service Email Address

info@set-icap.co

Contact Number

+16017427777

Company Website

http://www.set-fx.com

How to login to SET-FX?

set fx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a set fx Account Registering for a set fx account is the first step toward engaging in forex trading. Follow these detailed steps to create your account successfully: Step 1: Accessing the Registration Page Navigate to the official set fx website. Look for the “Register” or “Sign Up” button, typically located at the top right corner of the homepage. Step 2: Filling in Required Information Complete the registration form, which usually requires personal details such as: Full name Email address Phone number Date of birth Address Create a strong password that meets the platforms security requirements (a combination of letters, numbers, and symbols). Step 3: Email/Phone Verification After submitting your information, you will receive a verification email or SMS. Click the verification link or enter the code provided to confirm your email or phone number. Step 4: Identity Verification (if required) Depending on regional regulations, you may need to provide identification documents like a passport or drivers license. Upload these documents through the secure portal as prompted. Step 5: Registration Confirmation Once all information is verified, you will receive a confirmation email indicating that your registration is complete. You can now log in to your account using your credentials. Common Registration Issues and Solutions Issue: Not receiving the verification email. Solution: Check your spam folder or request a new verification email on the registration page. Issue: Incomplete or incorrect information. Solution: Ensure all fields are filled out accurately and completely. If you encounter errors, recheck your input. Regional Differences in Registration Certain regions may have specific regulations affecting the registration process. Users in countries with strict financial regulations may need to provide additional documentation, while others may have a streamlined process. Always check the local requirements based on your country of residence. Part Two: set fx Account Opening Detailed Guide Differences Between Registration and Account Opening While registration is the initial step to create an account, account opening involves setting up the trading functionality and selecting the type of account you wish to operate. Preparation Work Before Account Opening Before you can open your account, ensure you have the following: A verified email and phone number. Any required identification documents ready for upload. A clear understanding of the type of trading you wish to pursue. Detailed Account Opening Steps Step 1: Selecting Account Type Log into your set fx account. Choose from various account types based on your trading preferences (e.g., standard, mini, or micro accounts). Step 2: Submitting Required Documents Upload the necessary documents for identity verification, including proof of address (like a utility bill) and identification. Step 3: Account Review Process After submitting your documents, the set fx team will review them. This process may take 1-2 business days. You will receive notifications regarding the status of your account. Step 4: Account Activation Upon successful verification, your account will be activated. You will receive an email with your account details, including your account number and login credentials. Step 5: Initial Setup Log into your account and customize your trading platform settings. Set up your preferred payment methods for funding your account. Frequently Asked Questions About Account Opening Q: How long does the account opening process take？ A: Typically, it takes 1-2 business days for account verification and activation. Q: What documents are required for account opening？ A: Identification documents and proof of address are commonly required. Next Steps After Opening an Account Once your account is active, you can proceed to fund your account, familiarize yourself with the trading platform, and start trading. It is advisable to practice with a demo account if you are new to trading. Part Three: set fx Login Process Explained Basic Web Login Process Step 1: Access the Login Page Go to the set fx website. Click on the “Login” button at the top right corner. Step 2: Enter Your Credentials Input your registered email and password. Ensure that your password is correctly entered, paying attention to case sensitivity. Step 3: Complete Any Additional Security Steps If enabled, you may need to enter a two-factor authentication (2FA) code sent to your registered mobile device. Step 4: Click Login Press the “Login” button to access your account. Step 5: Access Your Dashboard Once logged in, you will be directed to your trading dashboard where you can manage your trades. Mobile App Login Process Download the set fx mobile app from your devices app store. Open the app and enter your login credentials. Complete any 2FA requirements if prompted. Other Login Methods Single Sign-On (SSO): If set fx supports SSO, you can log in using your existing accounts (like Google or Facebook) for quicker access. Common Login Issues and Solutions Issue: Forgotten password. Solution: Use the “Forgot Password？” link on the login page to reset your password via email. Issue: Account lockout. Solution: If your account is locked after multiple failed attempts, contact customer support for assistance. Issue: Technical issues. Solution: Clear your browsers cache or try accessing the site from a different browser or device. Overview of Features After Login Once logged in, you can access various features such as: Trading tools and charts Account management options Educational resources and market analysis Additional Sections Account Security Recommendations Use strong, unique passwords for your account. Enable two-factor authentication (2FA) for added security. Regularly monitor your account activity for any unauthorized access. Best Practices for Account Management Keep your personal information updated. Regularly change your passwords. Use a password manager to store your credentials securely. How to Get Technical Support If you encounter issues or have questions, contact set fx support via: Email support Live chat on their website Phone support during business hours This comprehensive guide has outlined the essential steps for registering, opening, and logging into your set fx account. By following these procedures and tips, you can navigate the platform effectively and securely. For any further assistance, do not hesitate to reach out to set fx customer support.

View details

Set FX Broker - Comprehensive Information Guide

1. Broker Overview

Set FX, officially known as Set ICAP FX SA, is a financial services company that has been operating for approximately 5 to 10 years. The firm is registered in Spain and primarily serves clients interested in trading in the forex and securities markets. As a private entity, Set FX has built its reputation in a competitive landscape, aiming to provide diverse trading options for retail and institutional clients alike.

The company has undergone various phases of development, adapting to market demands and technological advancements. Despite its relatively short history, Set FX has established itself as a player in the forex market, offering a range of trading solutions. However, the company's unregulated status raises concerns about its operational transparency and the safety of client funds.

Set FX operates under a business model that focuses on retail forex trading, providing clients with access to various financial instruments. The firms services are designed to cater to both novice traders and experienced investors, allowing for a broad customer base.

2. Regulatory and Compliance Information

Set FX operates without any valid regulatory oversight, which is a significant red flag for potential clients. The broker has been assigned a low regulatory score of 1.42 out of 10 by various financial watchdogs, indicating a lack of compliance with necessary regulatory standards.

Currently, there are no known regulatory bodies overseeing Set FX, which means that it lacks the necessary licenses to operate legally in many jurisdictions. This absence of regulation exposes traders to potential risks such as fraud, market manipulation, and inadequate investor protection. The company does not participate in any investor compensation schemes, which further undermines client security.

Set FX has no documented policies regarding the segregation of client funds, which is a critical aspect of financial security. Without a clear KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance framework, clients may face increased risks when engaging with this broker.

3. Trading Products and Services

Set FX offers a variety of trading products primarily focused on the forex and securities markets. The broker provides access to multiple currency pairs, although specific details regarding the number of forex pairs available have not been disclosed.

In addition to forex trading, Set FX extends its services to include CFDs (Contracts for Difference) on various asset classes such as indices, commodities, stocks, and cryptocurrencies. The firm claims to update its product offerings regularly, although the frequency of these updates remains unspecified.

Set FX aims to cater to both retail traders and institutional clients, providing a range of trading solutions that include white-label services and potentially asset management services. However, further details on these offerings are limited and not explicitly outlined in available resources.

4. Trading Platforms and Technology

Set FX provides trading solutions primarily through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely recognized in the industry for their user-friendly interfaces and robust functionality. The broker supports both desktop and mobile applications, allowing traders to access their accounts via iOS and Android devices.

The execution model employed by Set FX is not clearly defined in available resources, raising questions about whether it operates on an ECN, STP, or market-making basis. The company's server infrastructure is reportedly located in the United States, although specific details regarding server performance and reliability have not been disclosed.

Set FX does not provide detailed information regarding API access or automated trading support, which are critical features for advanced traders looking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

While specific account types offered by Set FX are not thoroughly documented, it is known that the broker requires a minimum deposit to open a trading account. The exact minimum deposit amount, spreads, and commission structures have not been disclosed.

Traders may find various account categories including standard, VIP, and potentially Islamic accounts, although detailed specifications for these accounts are lacking. The leverage ratios offered by Set FX are also unspecified, which is a crucial factor for traders when considering risk management strategies.

Information regarding the minimum trade sizes and overnight fees is not readily available, creating uncertainty for potential clients looking to understand the trading conditions before engaging with the broker.

6. Fund Management

Set FX supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific details regarding these methods are not extensively documented. The brokers minimum deposit requirements vary by account type, but exact figures are not provided.

Deposit processing times and any associated fees have not been specified, which may deter potential clients who prioritize transparency in financial transactions. Withdrawal methods and restrictions are also unclear, with limited information on processing times and fee structures for withdrawals.

7. Customer Support and Educational Resources

Set FX offers customer support through multiple channels, including telephone, email, and online messaging. The support team can be reached at +57 (601) 742 77 77 or via email at info@set-icap.co. However, the availability of support services and their hours of operation remain unspecified.

The broker claims to provide multilingual support, although the specific languages offered have not been detailed. Educational resources appear to be limited, with no clear offerings of webinars, tutorials, or e-books to assist traders in improving their skills.

Market analysis services, including daily updates and research reports, are not explicitly mentioned, indicating a potential gap in support for clients seeking insights into market movements.

8. Regional Coverage and Restrictions

Set FX primarily serves clients in Spain and potentially other regions, although specific details regarding its operational reach are not well-defined. The company does not provide information on regional offices outside its headquarters, which may limit accessibility for clients in different time zones.

Certain countries may be restricted from accessing Set FXs services, although the specific jurisdictions where client acceptance is limited have not been disclosed. Clients are advised to conduct thorough research regarding regional regulations before engaging with the broker.

In conclusion, while Set FX offers a range of trading products and services, potential clients should exercise caution due to the broker's unregulated status and lack of transparency. Engaging with Set FX may expose traders to significant risks, and thorough due diligence is recommended before proceeding with any financial commitments.

SET-FX Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.42, Software Index 4.00 Risk Control Index 0.00.

Forex >

Forex Broker >

SET-FX

Best brokers

SET-FX Forex Broker

Rating Index

Company profile

SET-FX Similar Brokers

Basic Information

Set FX Broker - Comprehensive Information Guide

1. Broker Overview

2. Regulatory and Compliance Information

3. Trading Products and Services

4. Trading Platforms and Technology

5. Account Types and Trading Conditions

6. Fund Management

7. Customer Support and Educational Resources

8. Regional Coverage and Restrictions

SET-FX Similar Brokers