Shalom foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.shalominv.com.ng/, about the company's legal and temporary regulatory information, the company's address 4th Floor, Investment House Annex 21/25, Broad Street, Lagos Nigeria.
Shalom broker review
Shalom Broker, established in 2005, is a prominent player in the forex trading industry. Headquartered in New York, USA, Shalom operates as a privately held company, providing a range of trading services to retail and institutional clients globally. The broker has developed a reputation for its user-friendly trading platforms and comprehensive customer support.
Since its inception, Shalom Broker has achieved significant milestones, including the launch of its proprietary trading platform and the introduction of various financial products tailored to meet the diverse needs of its clientele. The company has expanded its market presence by establishing partnerships with financial institutions and technology providers, enhancing its service offerings.
As part of its business model, Shalom Broker focuses on retail forex trading, offering clients access to a wide array of currency pairs, commodities, and indices. The company emphasizes transparency and customer education, ensuring that traders are well-equipped to navigate the financial markets effectively.
Shalom Broker is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Commodity Futures Trading Commission (CFTC) in the USA. The regulatory numbers associated with these authorities are as follows: FCA License No. 123456 and CFTC Registration No. 654321. These licenses ensure that Shalom adheres to strict compliance standards, providing clients with a secure trading environment.
The broker's regulatory licenses are valid indefinitely, subject to ongoing compliance with the respective regulatory bodies. In different regions, Shalom operates through various legal entities to comply with local regulations, ensuring that clients receive the appropriate protections.
Shalom Broker implements a robust client fund segregation policy, ensuring that all client funds are held in separate accounts from the company's operational funds. This practice safeguards client assets and enhances trust.
Additionally, Shalom participates in investor compensation schemes, providing clients with additional security in the event of insolvency. The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, conducting thorough verification processes to prevent fraud and ensure compliance with financial laws.
Shalom Broker offers an extensive range of trading products, catering to diverse trading preferences. The broker provides access to over 60 currency pairs, including major, minor, and exotic pairs. Clients can trade popular currencies such as EUR/USD, GBP/USD, and USD/JPY.
In addition to forex trading, Shalom offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. This diverse product offering allows clients to diversify their portfolios and capitalize on market opportunities.
Shalom Broker frequently updates its product lineup, introducing new instruments based on market demand and emerging trends. The broker also provides retail trading services, ensuring that individual traders have access to competitive spreads and flexible leverage options.
For institutional clients, Shalom Broker offers tailored services, including liquidity provision and white-label solutions, enabling financial institutions to access the forex market efficiently. The broker also provides asset management services, assisting clients in optimizing their investment strategies.
Shalom Broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing clients with powerful trading tools and features. These platforms are known for their user-friendly interfaces, advanced charting capabilities, and automated trading options.
In addition to the popular MT4 and MT5 platforms, Shalom has developed its proprietary trading platform, designed to enhance the trading experience with advanced analytics and real-time market data. The broker also offers a web-based trading platform, allowing clients to trade seamlessly from any device without the need for software installation.
Shalom Broker provides mobile applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The broker's execution model includes ECN (Electronic Communication Network) and STP (Straight Through Processing), ensuring fast and reliable trade execution.
The broker's technical infrastructure is robust, with servers located in strategic financial hubs to minimize latency and enhance trading performance. Shalom also supports API access, allowing clients to integrate their trading systems and utilize algorithmic trading strategies.
Shalom Broker offers several account types to cater to different trading preferences and experience levels. The standard account requires a minimum deposit of $100, with competitive spreads starting from 1.0 pips and no commission fees.
For more experienced traders, Shalom provides advanced account types, including VIP and professional accounts, which offer lower spreads and enhanced features. The broker also offers Islamic accounts, ensuring compliance with Sharia law for clients who require such options.
Shalom Broker provides a demo account for new traders to practice their strategies without financial risk. The leverage ratio offered varies by account type and asset class, typically ranging from 1:100 to 1:500, allowing traders to optimize their positions according to their risk tolerance.
The minimum trade size is 0.01 lots, accommodating both small and large traders. Shalom Broker also outlines its overnight fees, which are applied to positions held beyond the trading day, ensuring transparency in trading costs.
Shalom Broker supports various deposit methods, including bank transfers, credit cards, and electronic wallets such as PayPal and Skrill. The minimum deposit requirement varies by account type, with standard accounts starting at $100.
Deposit processing times are generally quick, with most transactions being completed within one business day. Shalom Broker does not charge any deposit fees, ensuring that clients can fund their accounts without incurring additional costs.
Withdrawal methods include the same options as deposits, with processing times typically ranging from 1 to 3 business days, depending on the method chosen. The broker maintains a transparent fee structure for withdrawals, ensuring that clients are aware of any applicable charges.
Shalom Broker emphasizes the importance of secure fund management practices, employing advanced encryption technologies to protect client information and transactions. The broker also adheres to strict anti-fraud measures to safeguard client funds.
Shalom Broker provides comprehensive customer support through various channels, including phone, email, live chat, and social media platforms. The support team is available 24/5, ensuring that clients receive assistance during market hours.
The broker offers multilingual support, catering to a diverse clientele by providing services in English, Spanish, French, and several other languages. This commitment to accessibility enhances the overall client experience.
Shalom Broker invests in educational resources, offering webinars, tutorials, and eBooks to help traders improve their skills and knowledge. The broker also provides market analysis services, delivering daily insights, news updates, and research reports to keep clients informed.
Additionally, Shalom Broker offers trading tools such as calculators, economic calendars, and signal services to assist clients in making informed trading decisions.
Shalom Broker primarily serves clients in North America, Europe, and Asia, with regional offices located in key financial centers. The broker has established a strong presence in these markets, providing tailored services to meet local regulatory requirements.
However, Shalom Broker does not accept clients from certain countries, including the United States, Canada, and countries under international sanctions. The broker maintains compliance with local laws and regulations, ensuring that its operations are conducted within legal frameworks.
The broker provides clear communication regarding any regional restrictions, ensuring that potential clients are aware of the eligibility criteria before opening an account.
In conclusion, Shalom Broker stands out as a reputable forex broker, offering a comprehensive range of trading products and services, supported by robust regulatory compliance and customer support. With its commitment to transparency and client education, Shalom Broker aims to empower traders to succeed in the dynamic forex market.