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Saafan Markets Forex Broker provides real users with 1 positive reviews, * neutral reviews and 6 exposure review!

Saafan Markets Broker Review

1.24

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Business

Influence E

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No license

Saafan Markets Review 7

Latest All(7) Positive(1) Exposure(6)
Exposure
Withdrawal requires payment of a 30% 'capital gains tax' before funds are released.

1. On FB Messenger, Guo Xiaofeng sends a message to Max, who then communicates with his assistant Wang Ming via Line to provide information on strong stock operations. 2. They entice joining the "520 Compound Interest Plan" for gold price difference operations to earn substantial profits. All losses from stock sales are added up for more operations (Max promises that profits will first cover the amount lost from stock sales before splitting; profits from the first two weeks of trading are not shared). During this period, two small group sessions (likely accomplices) led Bitcoin operations that resulted in a blow-up, one ending with a balance of zero, and another with a balance of -12,949 USDT. Wang Ming states: "You must cover the negative losses within two days, or it will affect your credit. It's hard to recover losses with too little capital; it could take two to three months. You could borrow another 3 million, I guarantee to help you recover your losses within a week." He urged me to find ways to increase capital by borrowing more money (already invested NT$2 million during this period). 3. The only option was to take out a mortgage loan. Wang Ming said he consulted with the teacher and proactively offered a credit of NT$6 million, allowing me to join major market operations without any cost, provided I repay within half a month but restricted withdrawals until then. Not wanting to owe anyone and keeping my word, I repaid the NT$6 million credit and added another NT$2 million. 4. After repaying the credit with the bank mortgage loan, withdrawal requests were denied despite records showing 926,000 USDT had been withdrawn in the account; however, no funds were actually transferred to my bank account. They demanded a 30% capital gains tax for withdrawal. All my money including an NT$8 million mortgage was already invested; I had no funds left to pay further. Customer service claimed I owed taxes and forcibly removed me from the customer service group; Max and Yang Zongxing also left the Line chat, assistant Wang Ming stopped responding entirely, and I was forcibly removed from both the main and small groups (turns out they were all in it together). 5. My principal of NT$10 million along with all trading profits were withheld by this group; losses from stock sales incurred between June and August left me without any income. Now I have to pay an NT$8 million monthly mortgage interest—how can just one word "tragic" describe this?

FX1573692143
2024-08-22
Positive

Trading gold here is so easy.👍

José G
2024-07-22
Exposure
You must pay a profit share to make a withdrawal.

In April, I joined a Line group called "Soaring High," which included a teacher named Max and two assistants, XX Ying and XX Qiang. Initially, it was a stock group; from Monday to Friday, they would recommend a soaring stock to buy daily. Of course, there were both gains and losses. As we approached May 20th, they mentioned that the stock market outlook was not good and introduced a new investment plan called the "May 20th Compounding Plan." They invited their friend from the Piper Sandler institution, Mr. Yang Zongxing, to join. To participate, one needed to exchange cash for USDT through a broker to make deposits. After depositing, operations on gold trading (both selling and buying) would take place around 12:00 PM and 6:00 PM from Monday to Friday. Initially, the agreement was to pay the profit share after making withdrawals. However, when I wanted to withdraw, they changed the rule, stating that some students did not pay their share after withdrawing. Therefore, they shifted to requiring payment before withdrawal! This arbitrary change of rules also involved asking you to borrow money for the payment. Isn’t it supposed to be simple as making a withdrawal? I continuously communicated with them to let me withdraw first and promised immediate payment of my share once the money was withdrawn. But they insisted on receiving the profit share before allowing any withdrawals! A legitimate operator would want us to earn money as well as earn a share of the profits themselves. Their main interest seemed in earning this profit share, even encouraging others to take loans or use credit for investment! When I finished paying off the credit but couldn't withdraw, I realized it was a scam and stopped depositing more money! They threaten to freeze accounts if one cannot pay the share and unexpectedly retract links without warning! They expelled investors from the group making it impossible for them to withdraw their funds!

FX1531539309
2024-07-10
Exposure
The funds became negative in an instant due to unusual transactions.

The group's teacher is Max, let everyone participate in the "520 Compound Profit Project", said with Piper Sandler organization and yostlm cooperation The foreign exchange trader Yang Zongxing (yostlm) said that the operation of the project must be with the exchange merchant (Currency Shengke) to pay cash in person to obtain the virtual USD USD in order to be able to Meta Trader5 to operate foreign exchange, and the minimum amount of money to deposit! The minimum deposit is $100,000 and the requirement to share nearly half of the profits to the foreign exchange trader Each time the operation is notified by the group assistant coach Mika Liao, in the operation, because it is suspected that it is designed to be more than one transaction and instantly caused by the penetration of the position, the first time the anomaly said that it was the tiredness of the network I pressed more than once, I can only admit that I was unlucky, but after that I was divided into two orders, the first unit and the second are different, but the third extra is the same as the first unit, this should not be a problem of tiredness, it should not be a problem of the network. I guess it is not a problem with the progressive cells! (I lost 23,000 USD in total and still have a negative balance of 500 USD), now the foreign exchange trader (Yeung Chung Hing) demanded to make up the negative balance, otherwise it will result in a default of delivery.

FX2529452296
2024-07-03
Exposure
I need to pay income tax of 30% of the withdrawal amount

There was this chat group created by Max and teaching assistant Chen Xhan. Later, they invited Mr. Yang to join the cooperation and persuade everyone to participate in the compound interest plan. One day I told my teaching assistant Chen ZhiX that I wanted to withdraw money, and she said she would contact Mr. Yang to pay the share, but after the share was paid, the backend webpage could not be opened. Mr. Yang said that the account was checked for tax evasion, but in the end he said that I had to pay 30% income tax on the withdrawal amount before I could restore the backend login of the webpage. I felt like I was scammed.

ababab123
2024-06-29
Exposure
Cannot withdraw money

The foreign exchange dealer Yang Zongxing used the line group to attract investors. The platform had caused investors to suffer serious losses instantly. Later, the deposit and withdrawal website was closed without warning, no new website was provided, and no response was given to investors. The line group had also kicked out investors. There is no way to withdraw the balance on the account.

chc5254
2024-06-28
Exposure
Taiwan Securities and Futures Bureau said that this should be a financial fraud.

The international forex broker (yostlm Saafan Marktes) claimed that it had recently held a so-called gold price difference compound interest investment (CFD) with a Taiwanese investment consulting company (Huanyu). The platform was registered in Saint Lucia on May 15, 2024, and it is not an NFA member for less than a year. As for the domestic investment consulting company (Huanyu), I learned through a phone call that the company does not have a so-called line group and compound interest investment plan, and is not a domestic legal futures trader. However, the international forex broker (yostlm) stated that the implementation of the plan requires face-to-face cash payment with the exchanger to obtain USDT virtual US dollars in order to trade foreign exchange on Meta Trader5. The minimum deposit amount is NT$100,000, and nearly half of the profit is required to be given to the forex broker. The platform did not set a negative balance protection, so the position was liquidated (more than US$5,000 and a margin of US$3,200). Now the forex broker (Yang Zongxing) requires the negative balance to be filled, otherwise it will sue in the name of the company (yostlm Saafan Marktes)... At the same time, I sent a letter to the Securities and Futures Bureau for verification. The domestic investment consulting company (Huanyu) has issued a statement on May 2, 2013 to clarify that the company will not conduct any advertising activities through social media, websites, television, radio, etc., to recruit members, recommend domestic and foreign stocks, and foreign exchange, and to operate on behalf of others. Therefore, it is determined that this foreign exchange platform is a platform with a very high risk of fraud.

8124
2024-06-24

  

Saafan Markets 2025 Review: Everything You Need to Know

  

Executive Summary

  This saafan markets review shows big concerns about this Saint Lucia-based broker. Potential investors need to pay attention right away. Saafan Markets Ltd works without proper regulatory oversight, which creates major risks for traders who want legitimate forex and financial instrument trading services. Multiple industry reports published in 2024 say the platform has been flagged with many warning signals. These signals suggest potential fraudulent activities.

  The broker offers MT4 trading platform access and claims to provide multiple asset classes including forex, gold, stocks, metals, bonds, indices, and cryptocurrencies. However, these offerings cannot make up for the basic lack of regulatory protection. The company's registration in Saint Lucia under number 2024-00148 does not mean regulatory authorization. This leaves investors without help in case of disputes or fund recovery issues.

  User feedback always points out poor customer service quality, platform stability concerns, and transparency issues. These problems severely hurt the overall trading experience. The broker's marketing claims of "transparency meets success" seem to contradict actual user experiences and industry assessments. Given these major red flags, this review strongly advises extreme caution when considering Saafan Markets for any trading activities.

  

Important Notice

  This evaluation focuses on Saafan Markets Ltd, registered in Saint Lucia. Investors should be extremely careful due to the absence of regulatory oversight. The lack of proper licensing means traders have limited protection and help options compared to properly regulated brokers operating under established financial authorities.

  Our assessment method combines publicly available information, user feedback reports, and industry analysis from multiple sources published between August and November 2024. Due to the broker's unregulated status, checking information remains challenging. Potential investors should do additional research before making any financial commitments.

  

Rating Framework

Evaluation Criteria Score Rating Justification
Account Conditions 2/10 Lack of transparent pricing, spread, commission, and minimum deposit information
Tools and Resources 6/10 MT4 platform availability and multiple asset classes, but limited educational resources
Customer Service 3/10 Multiple negative user reports regarding response times and problem resolution
Trading Experience 4/10 Basic MT4 functionality with reported stability issues and execution concerns
Trust and Safety 1/10 Unregulated status with multiple scam warning flags from industry sources
User Experience 3/10 Low overall satisfaction based on available user feedback and reviews

  

Broker Overview

  Saafan Markets Ltd presents itself as a financial services provider offering forex and multi-asset trading solutions through their platform infrastructure. The company maintains registration in Saint Lucia, a place known for more relaxed financial oversight compared to major regulatory centers. According to available information from the broker's official communications, they emphasize "empowering trades" and claim to offer "optimal solutions tailored to client needs." These marketing statements require careful examination given the regulatory concerns.

  The broker's business model appears to focus on providing access to global financial markets through the popular MetaTrader 4 platform. This platform remains a standard choice among retail forex brokers worldwide. However, the absence of detailed operational information raises immediate transparency concerns. This includes company founding dates, management structure, and specific business practices. This saafan markets review finds that such information gaps are particularly problematic for an unregulated entity where due diligence becomes even more critical for potential clients.

  According to industry reports from AlertTrade and ScamsReport published in late 2024, the broker's operational practices have attracted negative attention from fraud monitoring services. The company's website promotes various asset classes and trading opportunities. Independent verification of these claims remains challenging due to limited third-party oversight and the absence of regulatory reporting requirements.

  

Detailed Information Analysis

  Regulatory Status: Saafan Markets Ltd operates under Saint Lucia registration number 2024-00148. This registration does not constitute regulatory authorization or supervision by any recognized financial authority. The absence of proper licensing creates significant investor protection gaps.

  Deposit and Withdrawal Methods: Specific information regarding payment processing, supported banking methods, and transaction procedures remains undisclosed in available public materials. This creates uncertainty about fund management processes.

  Minimum Deposit Requirements: The broker has not published transparent minimum deposit amounts or account tier structures. This makes it difficult for potential clients to understand entry-level investment requirements and account accessibility.

  Promotional Offers: Available sources do not detail any specific bonus programs, promotional campaigns, or incentive structures. Unregulated brokers often use aggressive marketing tactics that may not be sustainable or legitimate.

  Available Assets: The platform claims to offer forex pairs, precious metals including gold, energy commodities, individual stocks, metals trading, government and corporate bonds, major indices, and cryptocurrency instruments. The actual availability and trading conditions for these assets remain unverified.

  Cost Structure: Critical pricing information including spreads, commission rates, overnight financing charges, and other trading costs are not transparently published. This prevents effective cost comparison with regulated alternatives. This saafan markets review identifies this lack of pricing transparency as a significant concern.

  Leverage Ratios: Specific leverage offerings and margin requirements have not been clearly communicated in available materials. This is problematic given the importance of understanding risk exposure levels.

  Platform Options: The broker appears to exclusively offer MetaTrader 4 platform access. There is no mention of additional trading interfaces, web platforms, or proprietary software solutions.

  Geographic Restrictions: Specific information about service availability, restricted jurisdictions, or compliance with local regulations in various countries remains unclear from available sources.

  Customer Support Languages: The range of supported languages for customer service and the availability of multilingual support has not been specified in accessible materials.

  

Detailed Rating Analysis

  

Account Conditions Analysis (Score: 2/10)

  The account structure and conditions offered by Saafan Markets present significant transparency issues that severely impact this evaluation. Available information fails to specify distinct account types, their respective features, or the criteria for accessing different service levels. This saafan markets review finds that legitimate brokers typically provide clear account tier structures with specific benefits, trading conditions, and eligibility requirements. None of these are readily available from Saafan Markets.

  Minimum deposit requirements remain undisclosed. This prevents potential clients from understanding the financial commitment necessary to begin trading. Industry standards typically range from $10 to $500 for retail accounts, but without specific information, clients cannot properly budget or compare options. The account opening process, required documentation, and verification procedures are similarly unclear. This creates uncertainty about onboarding timelines and requirements.

  User feedback suggests dissatisfaction with account terms and conditions, particularly regarding transparency and unexpected fees or requirements that emerge after account creation. The absence of information about special account features such as Islamic accounts, professional trading accounts, or institutional services further demonstrates the lack of comprehensive service offerings expected from established brokers.

  When compared to regulated alternatives, Saafan Markets fails to meet basic industry standards for account information disclosure. This makes informed decision-making virtually impossible for potential clients. This fundamental lack of transparency regarding account conditions represents a significant red flag for any trading platform.

  

Tools and Resources Analysis (Score: 6/10)

  Saafan Markets' trading infrastructure centers around the MetaTrader 4 platform, which provides a solid foundation for forex and CFD trading activities. MT4 remains widely respected in the industry for its stability, comprehensive charting capabilities, and extensive technical analysis tools. The platform supports automated trading through Expert Advisors, provides real-time market data, and offers customizable interface options that many traders find familiar and effective.

  However, the broker appears to lack additional analytical resources, market research, and educational materials that enhance the trading experience. Professional traders often require economic calendars, market sentiment indicators, trading signals, and fundamental analysis reports that supplement technical analysis capabilities. The absence of proprietary research or third-party analytical partnerships limits the platform's value proposition compared to more comprehensive service providers.

  Educational resources appear minimal or non-existent. This is particularly concerning given that many forex traders benefit from ongoing education about market dynamics, risk management, and trading strategies. Legitimate brokers typically invest in client education through webinars, tutorials, market analysis, and trading guides that help improve client success rates and retention.

  User feedback suggests limited satisfaction with the range of available tools beyond basic MT4 functionality. While the platform itself receives recognition for standard features, clients express desire for additional resources, better market analysis, and more comprehensive trading support tools. These could enhance their trading effectiveness and decision-making processes.

  

Customer Service and Support Analysis (Score: 3/10)

  Customer service quality represents one of the most significant weaknesses identified in available user feedback about Saafan Markets. Multiple reports indicate extended response times, limited problem-solving capabilities, and unsatisfactory resolution of client concerns. These service quality issues become particularly problematic when combined with the broker's unregulated status. Clients have fewer external help options for dispute resolution.

  The specific customer support channels available remain unclear from available information. This includes phone support, email assistance, live chat functionality, and help desk hours. Professional brokers typically provide multiple contact methods with clearly defined response time commitments and escalation procedures for complex issues. The absence of transparent support structure information suggests limited investment in customer service infrastructure.

  Response time complaints from users indicate that urgent trading-related issues may not receive timely attention. This could potentially impact trading opportunities and risk management. In financial markets where timing is critical, delayed customer support can result in significant financial consequences for traders. This happens when they encounter platform issues, account problems, or technical difficulties during active trading sessions.

  The quality of problem resolution appears inconsistent based on user reports. Many clients express frustration about incomplete solutions or recurring issues that require multiple support interactions. This pattern suggests insufficient technical expertise or inadequate support staff training. Both are concerning for a financial services provider handling client funds and trading activities.

  

Trading Experience Analysis (Score: 4/10)

  The trading experience at Saafan Markets centers around MetaTrader 4 platform functionality, which provides familiar tools for experienced forex traders. However, it may lack the enhanced features offered by more modern trading platforms. User feedback indicates occasional platform stability concerns, including connection issues and system slowdowns that can impact trading effectiveness during volatile market conditions.

  Order execution quality appears inconsistent according to available user reports. Some clients experience slippage issues that affect trade profitability. In forex trading, execution speed and price accuracy are critical for successful trading strategies, particularly for scalping and short-term trading approaches. Any execution delays or price deviations can significantly impact trading results and client satisfaction levels.

  The platform's feature completeness receives mixed reviews. Users appreciate standard MT4 capabilities while noting the absence of advanced features available through newer platform versions or proprietary trading interfaces. Mobile trading experience, while supported through standard MT4 mobile applications, lacks the enhanced functionality and user interface improvements that many modern brokers provide through custom mobile solutions.

  Trading environment factors such as spread consistency, market depth, and liquidity provision remain unclear due to limited transparency about the broker's execution model and liquidity partnerships. This saafan markets review notes that without clear information about market making versus STP execution, clients cannot properly evaluate the trading conditions and potential conflicts of interest. These may affect their trading results.

  

Trust and Safety Analysis (Score: 1/10)

  Trust and safety concerns represent the most critical issues identified in this evaluation of Saafan Markets. The broker's registration in Saint Lucia under number 2024-00148 provides minimal investor protection compared to regulation by established financial authorities such as the FCA, CySEC, or ASIC. This regulatory gap means clients lack access to compensation schemes, regulatory oversight, and standardized dispute resolution procedures.

  Fund safety measures remain unclear. There is no information available about segregated client accounts, deposit insurance, or third-party fund custody arrangements that protect client capital from operational risks. Legitimate brokers typically maintain client funds in segregated accounts with tier-one banks and provide clear documentation about fund protection measures. None of these are evident in available Saafan Markets materials.

  Company transparency issues extend beyond regulatory status to include limited information about management structure, operational history, and business practices. The absence of detailed company background, executive profiles, and operational transparency creates significant due diligence challenges for potential clients. These clients need to assess counterparty risk before depositing funds.

  Industry reputation assessment reveals multiple warning signals from fraud monitoring services and review platforms that have flagged Saafan Markets as a potentially problematic broker. These warnings, combined with negative user experiences and the unregulated status, create a pattern of risk factors. This pattern suggests extreme caution is warranted when considering this broker for any trading activities.

  

User Experience Analysis (Score: 3/10)

  Overall user satisfaction with Saafan Markets appears consistently low based on available feedback and review sources. Clients report disappointment with multiple aspects of the service, including customer support quality, platform reliability, and transparency issues that impact their overall trading experience. The combination of these factors creates a negative user experience that falls well below industry standards.

  Interface design and usability center around the standard MetaTrader 4 platform, which provides familiar functionality for experienced traders. However, it lacks the enhanced user interface improvements and customization options available through more modern trading platforms. While MT4 remains functional, users increasingly expect more intuitive and feature-rich trading interfaces that enhance productivity and trading effectiveness.

  Registration and verification processes remain unclear from available information. User feedback suggests potential complications or delays in account setup procedures. Efficient onboarding processes are essential for positive first impressions and client satisfaction. Any difficulties in this area can negatively impact the overall user experience from the beginning of the client relationship.

  Common user complaints focus on customer service responsiveness, platform stability concerns, and transparency issues regarding trading conditions and fees. These recurring themes suggest systematic problems rather than isolated incidents. This indicates fundamental service quality issues that affect the majority of clients who choose to trade with this broker.

  The user profile best suited for Saafan Markets remains unclear given the significant risk factors and service quality concerns identified in this analysis. While the platform might theoretically appeal to short-term traders familiar with MT4, the regulatory and safety concerns make it unsuitable for any investor prioritizing capital protection and regulatory oversight.

  

Conclusion

  This comprehensive saafan markets review reveals substantial concerns that make Saafan Markets unsuitable for most forex and financial instrument traders. The broker's unregulated status, combined with multiple warning signals from industry monitoring services and consistently negative user feedback, creates an unacceptable risk profile for serious investors. While the platform offers MetaTrader 4 access and claims to provide multiple asset classes, these limited benefits cannot compensate for fundamental safety and transparency deficiencies.

  The broker is particularly inappropriate for novice traders who require regulatory protection, comprehensive educational resources, and reliable customer support to develop their trading skills safely. Experienced traders seeking professional trading conditions would also find better alternatives among properly regulated brokers that offer transparent pricing, robust execution, and institutional-grade services.

  The primary advantages of multi-asset trading access and MT4 platform availability are significantly outweighed by critical disadvantages. These include lack of regulatory oversight, poor customer service quality, transparency issues, and industry warnings about potential fraudulent activities. Investors are strongly advised to consider well-regulated alternatives that provide proper investor protection and professional service standards.

Saafan Markets review