What is SGTMarkets.com?
SGTMarkets.com is an online forex and CFD brokerage firm that offers trading in a wide range of financial instruments including currency pairs, metals, indices, and energies. The company is headquartered in the Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).
The broker provides its clients with a web-based trading platform as well as mobile trading apps for Android and iOS devices. It offers leverage of up to 1:500 and a minimum deposit of $100. The company also has a demo account available to its clients.
The broker has received mixed reviews with some users praising its customer service and others complaining about issues such as account suspensions and withdrawal problems.
What type of broker is SGTMarkets.com?
SGTMarkets.com is a forex broker that offers online trading in currency pairs, CFDs, and precious metals. The company is headquartered in the Seychelles and is regulated by the Financial Services Authority (FSA).
The broker offers two account types: Standard and ECN. The Standard account requires a minimum deposit of $250 and gives traders access to leverage of up to 1:200, floating spreads from 2 pips, and a maximum trade size of 10 lots. The ECN account requires a minimum deposit of $5,000 and gives traders access to leverage of up to 1:100, floating spreads from 0.0 pips, and a maximum trade size of 50 lots. Both accounts offer swap-free Islamic accounts as well.
The company provides the MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices. It also offers the SGT Mobile Trader app for Android and iOS devices.
Deposits and withdrawals can be made using credit/debit cards, bank wire transfer, or e-wallets such as PayPal, Neteller, Skrill, WebMoney, UnionPay, FasaPay, QIWI Wallet, Yandex Money, Boleto Bancario (Brazil only), Sofort Banking (Germany only), Przelewy24 (Poland only), iDEAL (Netherlands only), Giropay (Germany only), or Trustly (
How to Deposit and Withdraw with SGTMarkets.com
When it comes to funding your SGTMarkets.com account, you have a few options. You can deposit using a credit or debit card, bank wire transfer, or one of several e-wallets. The minimum deposit is $100, and there are no deposit fees.
Withdrawals can be made via credit or debit card, bank wire transfer, or e-wallet. There is a $25 withdrawal fee for bank wire transfers. E-wallet withdrawals are free of charge. Withdrawals are processed within 24 hours.
Is SGTMarkets.com a Legit or Scam Forex Broker?
With the recent advances in technology, there has been a proliferation of online forex brokers. This has made it difficult for traders to know which broker to trust. SGTMarkets.com is one such broker. So, is SGTMarkets.com a legit or scam forex broker?
To answer this question, we need to take a look at the company’s background and track record. SGTMarkets.com is a brand name of Security Global Trade Markets Limited, which is a Cyprus-based investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC). The company was founded in 2013 and offers online trading in forex, CFDs, and commodities through the MetaTrader 4 platform.
Security Global Trade Markets Limited is a member of the Investor Compensation Fund (ICF), which protects clients’ funds up to €20,000 in case the company becomes insolvent.
The company has a good reputation and is generally considered to be a reliable broker. However, as with any online broker, there are always some complaints from traders. The most common complaints relate to account closures and customer service issues.
Overall, we believe that SGTMarkets.com is a legit forex broker that offers its clients a safe and secure platform for trading the financial markets.
Conclusion
SGTMarkets.com is a forex broker that offers its services to traders all over the world. The company has been in business for over 10 years and is considered to be one of the most reliable brokers in the industry. While there are some complaints about the company’s customer service, overall, SGTMarkets.com seems to be a legit and reputable forex broker.