Silom International foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.silomcfd.com, about the company's legal and temporary regulatory information, the company's address Vistra Corporate Service Center, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands..
Silom International Forex Broker
Basic information
Hong Kong
2-5 years Suspicious Regulatory License MT4 Full License Regional Brokers High potential riskCompany profile
Silom Information
Set in Hong Kong, Silom is a brand-new formed corporation Among the several trading tools it offers are FX, commodities, indexes, and cryptocurrency. Together with minimal spreads beginning at 0 pip, they support MT4 platforms and provide competitive leverage up to 1:200. Users may test trading with a demo account.
Pros and Cons
| Pros | Cons |
| Offers over 12,000 products for trading | Unregulated |
| Competitive spreads starting from 2.2 pips | No 24/7 customer support |
| Provides a demo account |
Is Silom Legit?
Silom International Limited is unregulated.
What Can I Trade on Silom?
Silom mainly provides CFD trading. It offers over 12,000 particular products, including 60 Forex pairs, CFDs on commodities, precious metals, and energy, 150 equities, main stock indexes, and 10 cryptocurrencies.
| Instrument | Details | Supported |
| Forex | 60 currency pairs available, 24/5 trading | ✔ |
| Commodities | CFDs on various commodities including oil, natural gas, etc. | ✔ |
| Indices | Trade major international stock indices with no requotes and hidden fees | ✔ |
| Shares (CFDs) | 150 popular stocks available for long/short, with dividends on long positions | ✔ |
| Cryptocurrencies | 10 cryptocurrencies, including Bitcoin and Ethereum | ✔ |
| Precious Metals | CFDs on gold, silver, platinum, copper, and other precious metals | ✔ |
| Energies | CFDs on spot energy, such as Brent Crude and US Crude oil | ✔ |
Account Types
Silom offers three types of live trading accounts: Standard, Advanced, and Institutional.
| Account Type | Standard Account | Advanced Account | Institutional Account |
| Min Deposit | $10 | $50 | $10,000 |
| Max Leverage | 1:200 | 1:200 | 1:100 |
| Spread | From 2.2 pips | From 1.5 pips | From 0 pips |
| Processing Fees | $0 | $3 per side | $1.5 per side |
| Min Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Other Features | Suitable for most traders | Suitable for experienced traders | For institutional investors, advanced features |
Leverage
The leverage of Silom international is up to 1:200. It offers 1:200 leverage in standard account and premium account, but offers 1:100 leverage in institutional account.
Silom Fees
While higher-tier accounts have tighter spreads, Silom offers the spreads of standard account starts from 0 pips. The processing fee ranges from 0 to $3.
| Account Types | Spread | Processing Fees |
| Standard Account | From 2.2 pips | $0 |
| Advanced Account | From 1.5 pips | $3 per side |
| Institutional Account | From 0 pips | $1.5 per side |
Trading Platform
Silom supports MT4 platforms, available for mobile, desktop, and web trading.
| Trading Platform | Supported |
| MT4 | ✔ |
| MetaTrader Web | ✔ |
| MetaTrader Mobile | ✔ |
| MT5 | ❌ |
Deposit and Withdrawal
Silom does not charge any fees for deposits or withdrawals. Also, it doesn't mention the payment methods. The minimum deposit for it is $10.
Adeosun
Cambodia
Silom International is my new favorite! Super easy to start with, $0 to start trading... And their trading platform? No hiccups or delays at all. Even though they're a newer broker, I'm totally confident in sticking with them for the long term.
Positive
2024-07-22