English

Sigma Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.sigma-bro..., the company's legitimate regulatory information United KingdomFCAInvestment Advisory License, United StatesNFACommon Financial Service License, United Arab EmiratesDFSACommon Financial Service License to enhance the security of the company's address 20th Floor125 Old Broad StLondonEC2N 1ARUNITED KINGDOM

Sigma Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Sigma Broking Limited

Abbreviation

Sigma

Company employee

Customer Service Email Address

info@sigma-broking.com

Contact Number

+442070119696

Company Website

http://www.sigma-broking.com

Company address

20th Floor125 Old Broad StLondonEC2N 1ARUNITED KINGDOM

Keywords

5-10 years

Regulated in United Kingdom

Regulated in United States

Regulated in United Arab Emirates

Investment Advisory License

Common Financial Service License

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

Company profile

Aspect Information Company Name Sigma Registered Country/Area United Kingdom Founded year 2008 Regulation Regulated by United Kingdom FCA,United Arab Emirates DFSA and United States NFA(exceeded) Minimum Deposit $1,000 Maximum Leverage 1:400 Spreads Start from 0.1 pips Trading Platforms MetaTrader 4 (MT4),webTrader and mobile apps Tradable assets Currency pairs and CFDs on indices, commodities, precious metals, stocks and futures. Account Types Standard Account, Professional Account and Institutional Account Customer Support Phone: +44 (0) 20 7011 9696,Email: info@sigma-broking.com Deposit & Withdrawal Credit/debit cards like VISA and MasterCard,wire transfer,cheque and bank draft Educational Resources Webinars,tutorials, market Analysis Overview of Sigma Founded in 2008, Sigma Broking Limited, a subsidiary of Sigma Group, initially specialized in Interest Rate Futures and Options Brokerage. Over time, it diversified its offerings to encompass Fixed Income, Commodities, and Energy. With its headquarters in the heart of London and registration in England and Wales, Sigma has strategically established a presence in North America and Dubai International Financial Centre in the UAE. Notably, Sigma holds multiple licenses: an Investment Advisory License from the UK's FCA (license no. 485362), a Common Financial Service License issued by NFA in the US, and a general finance license granted by Dubai DFSA (license number: F004667). Is Sigma legit or a scam？ The regulatory situation of Sigma involves three regulatory authority: United Kingdom FCA,United Arab Emirates DFSA and United States NFA. As of now, Sigma has exceeded the regulatory requirements set by all of them. United Kingdom FCA : Current Status: Exceeded License Type: Investment Advisory License Regulated by: Financial Conduct Authority (FCA) License No.: 485362 Licensed Institution: Sigma Broking Limited United States (US Regulation): Current Status: Exceeded License Type: Common Financial Service License Regulated by: United States authorities License No.: 0485592 Licensed Institution: SIGMA AMERICAS LLC United Arab Emirates (DFSA Regulation): Current Status: Exceeded License Type: Common Financial Service License Regulated by: Dubai Financial Services Authority (DFSA) License No.: F004667 Licensed Institution: Sigma Capital Partners MENA Limited Pros and Cons Sigma offers an extensive range of market instruments, including stocks, forex, commodities, cryptocurrencies, and more, providing traders with ample opportunities for diversification. Additionally, Sigma offers various account types, catering to traders with different needs and experience levels. However, one drawback of Sigma is customer support response time. In peak trading hours, customer support response times may be longer than desired, causing inconvenience for traders seeking immediate assistance. Pros Cons Diverse Market Instruments Limited Cryptocurrency Selection User-Friendly Trading Platform Higher Spreads on Certain Instruments Multiple Account Types Customer Support Response Times Competitive Leverage Educational Resources Market Instruments Sigma offers an impressive array of market instruments, including currency pairs and CFDs on indices, commodities, precious metals, stocks and futures. Forex: Major, minor, and exotic currency pairs. Stocks: A vast selection of global stocks from various exchanges. Commodities: Precious metals, energy commodities, and agricultural products. Cryptocurrencies: Popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Indices: A diverse range of global indices representing different markets. Options and Futures: Derivative products for traders looking for more advanced strategies. Account Types Sigma offers three types of trading accounts: Standard Account, Professional Account and Institutional Account. All the accounts offer attractive trading conditions and provide a wide range of base currencies to suit the preferences of different traders. Traders can select the account type that aligns with their trading strategy and enjoy competitive spreads and high leverage for enhanced trading opportunities. Account Type Standard Professional Institutional Leverage 100:1 200:1 400:1 Spread Variable Variable Variable Commission 0.02% per side 0.01% per side 0.005% per side Minimum Deposit $1,000 $5,000 $10,000 Withdrawal Time 24 hours 24 hours 24 hours Demo Account Yes Yes Yes Trading Tools Full suite of trading tools Full suite of trading tools Full suite of trading tools Customer Support 24/5 customer support 24/5 customer support 24/5 customer support How to Open an Account？ Visit the SIGMA Website: Start by accessing the official SIGMA website https://sigma-broking.com/ Click on “Open an Account”: Look for the “Open an Account” or similar option on the website's homepage. Provide Personal Information: You will be prompted to enter your personal information, including your full name, date of birth, residential address, and contact details. Complete Financial Information: SIGMA may require you to provide financial information, such as your income, employment status, and source of funds. Identity Verification: To comply with regulatory requirements and enhance security, you will likely need to verify your identity. Fund Your Account: After successfully completing the registration process and identity verification, you can fund your trading account. Leverage Sigma offers varying leverage options to suit different trader profiles. Leverage ratios include 100:1 for Standard accounts, 200:1 for Professional accounts, and an impressive 400:1 for Institutional accounts, providing traders with flexibility to amplify their positions according to their account type. Account Type Standard Professional Institutional Leverage 100:1 200:1 400:1 Spreads &Commissions Sigma Broking also offers a variety of other asset classes, such as fixed income, options, and futures. Spreads and commissions for these asset classes can vary. Forex: Sigma Broking's spreads for forex pairs typically range from 0.1 pips to 0.5 pips. The commission fee for forex trades is 0.02% per side. Commodities: Sigma Broking's spreads for commodities typically range from 0.5 pips to 1 pip. The commission fee for commodity trades is 0.03% per side. Indices: Sigma Broking's spreads for indices typically range from 1 pip to 2 pips. The commission fee for index trades is 0.04% per side. Trading Platform Sigma's trading platform stands out as a user-friendly and feature-rich solution tailored to meet the diverse needs of traders. Here, we highlight the key components that make Sigma's platform a valuable asset for traders: MetaTrader 4 (MT4): Sigma's platform is anchored by MetaTrader 4, a highly acclaimed and trusted platform for trading various assets, with a primary focus on forex. MT4 is renowned for its robust charting capabilities, advanced technical analysis tools, and algorithmic trading options, making it an indispensable tool for traders. WebTrader: For traders seeking flexibility and accessibility, Sigma offers WebTrader, a web-based platform accessible directly through your web browser. This feature ensures that you can engage in trading activities from anywhere with an internet connection, without the need for software downloads or installations. Mobile Apps: Sigma recognizes the importance of on-the-go trading. To cater to this need, the platform provides mobile apps for both iOS and Android devices. These mobile apps empower traders to execute trades, monitor market movements, and stay informed about their portfolios using their smartphones or tablets, ensuring that trading remains accessible and convenient. Deposit & Withdrawal Sigma accepts payments with major credit or debit cards like VISA and MasterCard, as well as e-wallets like Skrill, Neteller, MegaTransfer and bank wire. Sigma Broking offers a variety of payment methods for its clients, including major credit or debit cards like VISA and MasterCard, as well as wire transfer,cheque and bank draft Wire transfer: This is the most common payment method used by Sigma Broking clients. Clients can wire funds from their bank account to Sigma Broking's bank account. Cheque: Clients can mail a cheque to Sigma Broking's office. Bank draft: Clients can purchase a bank draft from their bank and mail it to Sigma Broking's office. Online payment: Clients can make online payments using a variety of methods, including credit cards, debit cards, and net banking. Sigma's account types come with different minimum deposit requirements to cater to a range of traders. The Standard account requires a minimum deposit of $1,000, the Professional account has a minimum deposit of $5,000, while the Institutional account demands a higher minimum deposit of $10,000, accommodating traders with varying levels of capital. Account Type Standard Professional Institutional Minimum Deposit $1,000 $5,000 $10,000 Sigma Broking charges a variety of fees for its services, including: Brokerage fees: Sigma Broking charges a brokerage fee for each trade that is executed. The brokerage fee varies depending on the asset class and the market that the trade is executed on. Commission fees: Sigma Broking charges a commission fee for each trade that is executed. The commission fee varies depending on the asset class and the market that the trade is executed on. Account fees: Sigma Broking charges an account fee for each account that is opened. The account fee varies depending on the type of account and the level of service that is provided. Other fees: Sigma Broking may also charge other fees, such as deposit fees, withdrawal fees, and inactivity fees. Customer Support Sigma offers customer support via multiple channels, including email, live chat, and phone. However, it's essential to note that response times may be longer during peak trading hours. Phone: +44 (0) 20 7011 9696 Email: info@sigma-broking.com Educational Resources Sigma demonstrates a robust commitment to trader education, ensuring traders have access to a variety of resources to enhance their skills and knowledge: Webinars: Sigma regularly hosts webinars that cover a broad spectrum of trading topics. These live sessions are conducted by experts and provide traders with opportunities to gain insights into market dynamics, strategies, and trading techniques. Attendees can engage in discussions and pose questions, enriching their understanding of the subject matter. Tutorials: Sigma offers comprehensive tutorials designed to guide traders through the platform's functionalities and assist in the implementation of effective trading strategies. These step-by-step guides cater to traders at all experience levels, aiding them in navigating the platform with ease and confidence. Market Analysis: Staying well-informed about market trends is crucial for successful trading. Sigma provides timely market analysis reports that serve as valuable resources for traders. These reports offer impartial insights into current market conditions, enabling traders to make informed decisions based on accurate and up-to-date information. Conclusion Sigma is a legitimate trading platform that offers a wide range of market instruments and account types to suit various trader profiles. While it boasts numerous advantages, including a user-friendly platform and competitive leverage. However, one drawback of Sigma is customer support response time. In peak trading hours, customer support response times may be longer than desired, causing inconvenience for traders seeking immediate assistance. FAQs Is Sigma a regulated trading platform？ Yes, Sigma operates under the regulatory framework of United Kingdom FCA,United Arab Emirates DFSA and United States NFA. What types of accounts does Sigma offer？ Sigma offers Standard Account, Professional Account and Institutional Account, catering to traders with different needs and experience levels. Can I trade cryptocurrencies on Sigma？ Yes, Sigma offers a selection of popular cryptocurrencies for trading. How do I contact Sigma's customer support？ You can contact Sigma's customer support via email, live chat, or phone. Are there educational resources available for traders on Sigma？ Yes, Sigma provides a variety of educational resources, including webinars, tutorials, and market analysis reports to help traders enhance their skills.

Sigma broker review

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How to login to Sigma?

sigma Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a sigma Account Creating an account on the sigma platform is the first step towards accessing its features and services. Follow these detailed steps to complete the

Sigma Forex Broker - Complete Information Guide

1. Broker Overview

　　Sigma Brokers, established in 2020, is an online trading platform that primarily serves retail traders and institutional clients seeking to engage in the forex and CFD markets. The company is headquartered in London, United Kingdom, and operates under the name Sigma Brokers. While the company has made strides in offering various trading services, it is categorized as an unregulated broker, which raises significant concerns regarding the safety and security of client funds.

　　Sigma Brokers has developed a reputation for offering a range of financial instruments, including forex pairs, commodities, and indices, catering to a diverse clientele. The firm aims to provide innovative trading solutions and has adopted a business model focused on retail forex trading and institutional services. However, it is crucial to note that Sigma Brokers does not fall under any recognized financial regulatory authority, which is a major red flag for potential investors.

　　The company has made efforts to establish itself in the competitive forex market, but its lack of regulatory oversight and the absence of investor protection measures have led to skepticism about its legitimacy. As such, prospective clients are advised to conduct thorough research and consider the inherent risks associated with trading through an unregulated broker like Sigma.

2. Regulation and Compliance Information

　　Sigma Brokers operates without the oversight of major regulatory bodies, which is a significant concern for traders. The Financial Conduct Authority (FCA) in the UK has issued warnings regarding Sigma Brokers, identifying it as a clone firm of an FCA-authorized entity. This means that Sigma Brokers misrepresents itself as a legitimate broker to gain the trust of potential clients.

　　The lack of regulatory licenses means that there are no guarantees for the safety of client funds. Moreover, Sigma Brokers does not participate in any investor compensation schemes, leaving clients vulnerable in the event of disputes or financial losses. The absence of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures further exacerbates the risk associated with trading on this platform.

　　Due to these regulatory shortcomings, clients are encouraged to exercise extreme caution and consider the potential ramifications of trading with an unregulated broker like Sigma Brokers.

3. Trading Products and Services

　　Sigma Brokers offers a range of trading products, primarily focusing on forex and CFDs. The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs, catering to traders with varying preferences and strategies. Additionally, Sigma Brokers offers CFDs on various asset classes, including indices, commodities, precious metals, and cryptocurrencies.

　　The firm also claims to provide unique trading instruments, although specific details regarding these products are limited. The frequency of product updates and the introduction of new trading instruments are not clearly outlined, which may raise concerns for traders seeking diverse trading opportunities.

　　In terms of services, Sigma Brokers primarily focuses on retail trading, providing platforms and tools for individual traders. There is no clear indication that the broker offers institutional services or white-label solutions, which could limit its appeal to professional clients.

4. Trading Platforms and Technology

　　Sigma Brokers supports the widely used MetaTrader 4 (MT4) trading platform, which is favored by many traders for its robust features and user-friendly interface. The broker also offers a web-based trading platform, allowing clients to trade directly from their browsers without the need for software downloads. Additionally, mobile applications are available for both iOS and Android devices, facilitating trading on the go.

　　The execution model employed by Sigma Brokers is not explicitly stated, but it is crucial for traders to understand whether the broker operates as an ECN, STP, or Market Maker, as this can significantly impact trading conditions. The broker's server locations and technological infrastructure details are also not provided, which may affect the overall trading experience.

　　Furthermore, Sigma Brokers does not clearly indicate whether it supports API access or automated trading, which are essential features for more advanced traders seeking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

　　Sigma Brokers offers several account types tailored to different trading needs. The standard account requires a minimum deposit of $1,000, with variable spreads and a commission structure that varies based on trading volume. For more experienced traders, a professional account is available, typically requiring a higher minimum deposit and offering enhanced trading conditions.

　　The broker does not appear to offer specialized accounts such as Islamic accounts or corporate accounts, which may limit its appeal to certain traders. Additionally, the availability of demo accounts is not clearly stated, making it difficult for new traders to practice their strategies before committing real funds.

　　Leverage options at Sigma Brokers are competitive, with ratios varying by account type. However, the specific details regarding minimum trade sizes and overnight fees are not readily available, which could impact traders' decision-making processes.

6. Fund Management

　　Sigma Brokers provides various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the standard account starting at $1,000. Deposit processing times are not explicitly mentioned, which may lead to uncertainty for clients looking to fund their accounts quickly.

　　There are no indications of deposit fees; however, clients should be aware of potential withdrawal fees, which are not clearly outlined. Withdrawal methods are also limited, and the processing times for withdrawals are not specified, raising concerns about the ease of accessing funds.

　　Given the lack of regulatory oversight, clients should approach fund management with caution, understanding that the absence of clear policies could lead to complications when attempting to withdraw funds.

7. Customer Support and Educational Resources

　　Sigma Brokers offers customer support through multiple channels, including phone, email, and online chat. However, the availability of support during peak trading hours may be limited, potentially leading to delays in assistance. The broker's support team is reported to be multilingual, catering to a diverse client base.

　　In terms of educational resources, Sigma Brokers provides a limited selection of materials, including webinars, tutorials, and market analysis. However, the depth and quality of these resources are not clearly defined, which may hinder new traders seeking comprehensive educational support.

　　Market analysis services, such as daily reports and research updates, are also mentioned, but further details on the frequency and reliability of these analyses are lacking. The absence of advanced trading tools, such as calculators and signal services, may also limit the overall trading experience for clients.

8. Regional Coverage and Restrictions

　　Sigma Brokers primarily targets clients in the United Kingdom and Europe, but it is essential to note that the broker does not accept clients from certain jurisdictions. Specific countries and regions where clients are restricted from opening accounts are not explicitly listed, which can lead to confusion for potential traders.

　　The broker's operational footprint is primarily concentrated in the UK, with no clear indication of regional offices in other countries. This limited geographical presence may restrict the broker's ability to cater to a global clientele effectively.

　　Overall, prospective clients should carefully consider the implications of trading with Sigma Brokers, particularly given its unregulated status and the potential risks associated with fund safety and withdrawal processes.

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