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SP MARKETS Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!

SP MARKETS Broker Review

1.58

WikiFX monitor

Business

Field Survey Danger

License

FSPR Revoked

SP MARKETS Review 2

Latest All(2) Exposure(2)

Exposure

Induced to deposit, and the account was gone after the big loss

SP MARKETSwas a big trap. In the beginning, the stock chat group shared stocks and taught tactics. Then a group of people came out when the stocks fell sharply, and said that the index market could go short and make money back. A large chat group, stock dissolution chat group, the stock index short-term group were formed successively, and finally all the groups were dissolved after the index account could not be traded. all the people run away. I suffered severe loss and lost my account. And money can no longer be withdrawn.

周^-^周

2020-10-05

Exposure

My name is Chen Shengjun. Under the guidance of the teacher, I made a loss of 170 thousand yuan. I require the platform to compensate my losses. It only transferred SRT currency to me, then giving no replies. I couldn’t withdraw the virtual currency.

FX2894931814

2020-04-22

SP Markets 2025 Review: Everything You Need to Know

　　In this comprehensive review of SP Markets, we delve into the broker's offerings, user experiences, and regulatory status. Overall, SP Markets has garnered significant criticism for its lack of regulation and transparency, with many users advising caution when considering this broker. Key findings include a revoked regulatory license and limited trading instruments, which raise concerns about the safety of trading with SP Markets.

　　Note: It is important to highlight that SP Markets operates under various entities across different regions, which may affect the level of trust and reliability. This review aims to present a fair and accurate assessment based on available data.

Ratings Overview

Category	Rating (out of 10)
Account Conditions	3
Tools and Resources	5
Customer Service & Support	4
Trading Experience	3
Trustworthiness	2
User Experience	3

　　We score brokers based on user feedback, expert opinions, and factual data.

Broker Overview

　　Established in 2017, SP Markets is a broker registered in New Zealand, offering trading services primarily through the popular MetaTrader 4 (MT4) platform. The broker provides access to a limited range of trading instruments, including forex, metals, commodities, and indices. However, it is crucial to note that SP Markets is currently unregulated, with its previous license from the Financial Service Providers Register (FSPR) revoked, raising serious concerns about its reliability.

Detailed Overview

Regulated Regions: SP Markets operates out of New Zealand but has faced scrutiny due to its lack of valid regulatory oversight.
Deposit/Withdrawal Currencies: The broker accepts standard fiat currencies but lacks clarity on cryptocurrency transactions.
Minimum Deposit: The minimum deposit required to open an account is $100, which is relatively low compared to industry standards.
Bonuses/Promotions: There are no notable bonuses or promotions mentioned in the available sources.
Tradeable Asset Classes: SP Markets offers trading in forex, metals, commodities, and indices, but does not support stocks, cryptocurrencies, or options.
Costs (Spreads, Fees, Commissions): Detailed information regarding spreads and commissions is unavailable, which is a significant drawback.
Leverage: The broker offers a leverage of up to 1:50, which can amplify both potential gains and losses.
Allowed Trading Platforms: SP Markets primarily supports the MT4 platform.
Restricted Regions: The broker does not explicitly state restricted regions, but its unregulated status may pose risks for traders in certain jurisdictions.
Available Customer Service Languages: SP Markets offers customer support in English, Simplified Chinese, and Traditional Chinese.

Ratings Revisited

Category	Rating (out of 10)
Account Conditions	3
Tools and Resources	5
Customer Service & Support	4
Trading Experience	3
Trustworthiness	2
User Experience	3

Detailed Breakdown

　　Account Conditions (3/10): SP Markets requires a minimum deposit of $100, which is accessible for many traders. However, the lack of varied account types and transparency regarding spreads and commissions diminishes its appeal.
　　Tools and Resources (5/10): The broker offers some educational resources, including investment training and instructional videos, which can be beneficial for beginners. However, the lack of advanced trading tools and market analysis resources is a downside.
　　Customer Service & Support (4/10): SP Markets provides 24/5 live chat support and contact options via phone and email. However, user experiences indicate long waiting times and inadequate responses, which can be frustrating for traders.
　　Trading Experience (3/10): The trading experience on the MT4 platform can be satisfactory, but the limited asset classes and lack of information on fees make it less attractive. User feedback suggests that many traders have faced challenges in executing trades effectively.
　　Trustworthiness (2/10): The revoked regulatory license and unregulated status raise significant concerns about the safety of funds and the integrity of the broker. Numerous warnings from financial authorities further underscore the risks associated with trading with SP Markets.
　　User Experience (3/10): Overall user experiences are mixed, with many expressing concerns about the broker's reliability and transparency. The inaccessible website and lack of detailed information contribute to a negative perception among potential clients.

　　In conclusion, this SP Markets review highlights critical issues regarding the broker's regulatory status and user experiences. While there are some educational resources available, the overall lack of transparency and trustworthiness raises red flags for potential investors. It is advisable to approach SP Markets with caution and consider regulated alternatives for trading.