Overall SFX MARKETS is a trustworthy and low-risk broker with an overall rating of 6 out of 10. FXOpen is authorized and regulated by FSASVG and offers leverage up to 1:500.
SFX MARKET at a Glance
| 🔎 Broker's Name | SFX MARKET |
| 📍 Headquartered | Saint Vincent and the Grenadines |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | FSASVG |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic Account (Swap Free) | Yes |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $100 / R 1 691,64 |
| 💳 Deposit Options | Wire transfer, Visa/MasterCard cards, Neteller, SFX debit cards |
| 💳 Withdrawal Options | Wire transfer, Visa/MasterCard cards, Neteller, SFX debit cards |
| 💻 Platform Types | MetaTrader 4 MetaTrader 4 Web MetaTrader 4 Mobile SFX Web |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable Assets | Forex, Commodities, Stock and Indices, and Cryptocurrencies |
| 👨💼 Languages supported on Website | English, Spanish |
| 👥 Customer Support Languages | English, Russian, Chinese |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Click Here |
Min Deposit
USD 100
Regulators
FSASVG
Trading Platform
MT4, SFX Web
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SFX MARKET Review – 20 key points quick overview:
SFX MARKET at a Glance- SFX MARKET Review – 20 key points quick overview:
- SFX MARKET Overview
- SFX MARKET Safety and Security
- SFX MARKET Leverage
- SFX MARKET Accounts
- SFX MARKET Market instruments
- SFX MARKET Fees
- SFX MARKET Deposit and withdrawal
- SFX MARKET Trading platforms
- How to open an SFX MARKET account step by step
- SFX MARKET Customer support
- SFX MARKET Education
- SFX MARKET Research
- SFX MARKET Awards
- SFX MARKET vs Etoro vs XM – Comparison Table
- SFX MARKET Pro and cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
SFX MARKET Overview
According to research in South Africa, SFX MARKETS is a trading name of SFX Global Ltd., was founded in 2011 and is registered as an International Business Company in Saint Vincent and the Grenadines.
SFX MARKETS offers currency pairs and precious metals for trading on an MT4 platform and clients can choose order execution through STP or ECN, with fixed or floating spreads.
SFX MARKET Safety and Security
One of the best benchmarks to measure the safety of a broker like SFX MARKETS is to establish which regulating authorities are watchdogs over its actions
SFX MARKETS is owned and operated by SFX Global Ltd. and regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG).
In November 2018, the Financial Commission, a leading external dispute resolution, announced that SFX MARKETS had not met its contractual obligations as a member and was expelled as of November 20, 2018.
SFX MARKET Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
SFX MARKETS offers a maximum leverage ratio of 1: 500 on its Classic Account. The maximum leverage ratio for the Cent Account is 1:400.
SFX MARKET Accounts
A forex account at SFX MARKETS is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
SFX MARKETS offers the following types of accounts:
CENT Account
The minimum deposit for this account is $100, the EURUSD spread is 2 pips and the commission is $10. Maximum leverage of 1:400 can be used and the minimum lot size is 0.01.
CLASSIC Account
A deposit of $500 is required to open this account, maximum leverage of 1:500 may be used, and the spread for EURUSD is 2 pips. The commission is $8 and the minimum lot size is 0.01.
CENT NDD Account
A deposit of $5 000 is needed to open this account. The spread on EURUSD is 2 pips and the commission is $8. Leverage of 1:200 can be used, with a minimum lot size of 0.10.
CLASSIC NDD Account
To open this type of account a deposit of $10 000 is needed. Spread for EURUSD start at 1.5 pips and the commission is $7. A leverage of 1:200 can be used and a minimum of 0.10 Lot traded.
PRO STP Account
To open this account a deposit of $50 000 is needed. The spread of EURUSD is 1 pip and commission $9, with maximum leverage of 1:100. The minimum lot size is 0.50.
Min Deposit
USD 100
Regulators
FSASVG
Trading Platform
MT4, SFX Web
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SFX MARKET Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Cryptocurrencies
Bitcoin (BTC) is the digital currency with the largest market capitalization.
Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability
Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.
Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.
SFX MARKETS offers the following of the above: Forex, Commodities, Stocks, Indices, and Cryptocurrencies.
SFX MARKET Fees
Cost depends on different factors, like spread and margins, and SFX MARKETS clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
SFX MARKETS offers trading costs for ECN accounts of more than 1.5 pips with a difference of 1 pip and a commission of $5 for a standard lot.
It is not clear whether deposit and withdrawal fees are charged.
SFX MARKET Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
In the case of SFX MARKETS, the following are required:
Cent Account – $100
Classic Account – $500
Cent NDD Account – $5 000
Classic NDD Account – $10 000
Pro STP Account – $50 000
SFX MARKETS allows credit or debit cards (Visa or MasterCard), wire transfers, Neteller, and SFX debit cards to fund accounts or withdraw money.
Min Deposit
USD 100
Regulators
FSASVG
Trading Platform
MT4, SFX Web
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SFX MARKET Trading platforms
The forex trading platform provided by SFX MARKETS to its clients is in essence the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
SFX MARKETS offers MetaTrader 4 (MT4), available in both PC and mobile versions.
The MT4 platform allows traders to trade on financial markets (forex, CFD, and futures markets) with all the necessary tools and resources.
The MetaTrader 4 web-based trading platform is developed for fast performance with many analytics tools and the mobile trading apps are designed to be compatible with iOS and Android cell phones and tablets.
The broker’s own SFX Web platform is also available for enhanced access to trading account information. It offers access to a trader’s account using any web browser and mobile version.
Two more platforms, SFX Trader Pro and SFX Prime Trader, are based on the FIX protocol and are only available to owners of FIX API accounts.
How to open an SFX MARKET account step by step
Opening a demo account with Lynx is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the SFX MARKETS website, Click on “Get Started” in the middle of the website
Step 2 – Fill out the form
Similarly to a bank, to register a forex trading account with SFX MARKETS for the first time, you will be required to go through a basic “know your customer” process, which will allow SFX MARKETS to ascertain that your submitted details and ensure the safety of your funds and account details.
Min Deposit
USD 100
Regulators
FSASVG
Trading Platform
MT4, SFX Web
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SFX MARKET Customer support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of SFX MARKETS, customers can reach the support team by means of chats, phone, and by email. Support is given in English, Russian and Chinese. SFX MARKETS claims that their support office is available 24 hours a day, five days a week for all clients.
SFX MARKET Education
Before starting to trade, potential clients of SFX MARKETS should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
SFX MARKETS offers an Introduction to Forex section on its website, as well as a comprehensive glossary.
SFX MARKET Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitably as possible.
With SFX MARKETS they have access to Technical Market Analysis and a calendar of upcoming events which may influence the markets.
SFX MARKET Awards
Being an awarded company instills extra confidence in traders. Although SFX MARKETS is acclaimed by customers, there is no indication of awards won on its homepage.
SFX MARKET vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇SFX MARKETS | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $100 / R 1 691,64 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
SFX MARKET Pros and cons
| ✔️ Pros | ❌ Cons |
| Provides MT4 as trading platform | Not regulated |
Conclusion
Overall, SFX MARKETS is a trustworthy and reliable broker that provides traders with ample digital tools. SFX MARKETS offers MetaTrader 4 (MT4), available in both PC and mobile versions. SFX MARKETS is regulated by the FSASVG.
Disclaimer
SFX MARKETS warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with SFX MARKETS, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
SFX MARKETS warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence SFX MARKETS cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
How many instruments can I trade with SFX MARKETS?
You can trade several different instruments with SFX MARKETS, which include:
Forex
Commodities
Stock and Indices
Cryptocurrencies
Which platforms are supported by SFX MARKETS?
SFX MARKETS provides the following popular trading platforms:
MetaTrader 4
MetaTrader 4 Web
MetaTrader 4 Mobile
SFX Web
Do SFX MARKETS offer leverage?
Yes, SFX MARKETS offers maximum leverage of up to 1: 500.
Do SFX MARKETS charge a commission?
Commission of between $7 and $10 is charged on different accounts.
What is the overall rating out of 10 for SFX MARKETS?
6/10
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