SFX Market Forex Broker provides real users with 2 positive reviews, * neutral reviews and * exposure review!
Business
License
I was trying this website trading company, it is so easy and very good. I must recommend this website to you guys. You must try this website! It is so amazing!
SFX Market is the most prestigious and discipline-oriented brokerage company in the world۔ unbelievable customer support and auditions۔ Everything is transparent and straight to the point۔ I love it!
SFX Markets, an offshore forex broker established in 2011, has garnered mixed reviews from users and experts alike. While some traders appreciate its competitive trading conditions and access to the popular MetaTrader 4 platform, significant concerns about its regulatory status and customer service persist. This review will delve into the essential aspects of SFX Markets, highlighting both its advantages and drawbacks.
Note: It is crucial to recognize that SFX Markets operates in a loosely regulated environment, specifically in Saint Vincent and the Grenadines, which may impact the safety of client funds. This review aims to present a fair and accurate depiction of the broker based on various sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 5 |
| Trustworthiness | 2 |
| User Experience | 4 |
We rate brokers based on user feedback, expert reviews, and available data.
Founded in 2011, SFX Markets is operated by SFX Global Ltd., which is registered as an International Business Company in Saint Vincent and the Grenadines. The broker offers trading in various asset classes, including forex, commodities, and cryptocurrencies, primarily through the MetaTrader 4 platform. While it provides access to a range of trading instruments, SFX Markets lacks a robust regulatory framework, which raises concerns about the safety of client funds.
SFX Markets is registered in an offshore jurisdiction, specifically Saint Vincent and the Grenadines (SVG). This region has minimal regulatory oversight, and the Financial Services Authority (FSA) of SVG does not impose stringent requirements on brokers operating there. In November 2018, SFX Markets was expelled from the Financial Commission for failing to meet its contractual obligations, further casting doubt on its reliability (source).
SFX Markets supports various deposit and withdrawal methods, including credit/debit cards (Visa, MasterCard), bank wire transfers, and e-wallets like Neteller. However, the minimum deposit requirement varies by account type, with options starting as low as $100 for the cent account and going up to $50,000 for the pro STP account (source). Despite these options, many users have reported difficulties in withdrawing funds, which is a significant red flag for potential clients (source).
SFX Markets offers various bonuses across its account types, with claims of bonuses ranging from 50% to 100% on deposits. However, the details surrounding these promotions are often vague, and the conditions for withdrawing bonus-related profits can be cumbersome (source). This lack of transparency can lead to frustration among traders who may find themselves unable to access their funds.
The trading costs at SFX Markets are relatively high compared to industry standards. The spreads on standard accounts start from 2 pips, with additional commissions ranging from $5 to $10 per standard lot depending on the account type (source). This pricing structure can significantly impact profitability, particularly for high-frequency traders.
SFX Markets offers a maximum leverage of up to 1:500, which can magnify both potential gains and losses. While high leverage can be appealing, it also increases the risk associated with trading, especially for inexperienced traders (source).
Traders at SFX Markets primarily use the MetaTrader 4 platform, which is known for its user-friendly interface and robust analytical tools. However, the absence of a demo account option raises concerns about the broker's commitment to helping new traders practice risk-free (source). Additionally, the proprietary SFX web platform is available, but its functionality is limited compared to MT4.
SFX Markets does not accept clients from certain regions, including the United States. This restriction is common among offshore brokers, as they often face regulatory challenges in more stringent jurisdictions (source).
SFX Markets claims to offer customer support in multiple languages, including English, Russian, and Chinese. However, user reviews indicate that the quality of support is inconsistent, with many traders reporting slow response times and inadequate assistance when issues arise (source).
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 5 |
| Trustworthiness | 2 |
| User Experience | 4 |
In conclusion, the SFX Markets review indicates a broker that, while offering some appealing features such as high leverage and access to popular trading platforms, is marred by significant trust issues and regulatory concerns. Traders should exercise extreme caution and consider alternative, more regulated options before committing their funds.
FX Broker Capital Trading Markets Review
