SFXMARKETS

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Advantages:

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Disadvantages:

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About company:

SFX Markets was founded in 2011. Today the company offers 30 currency pairs and precious metals trading on the popular MT4 terminal.

SFX Markets clients can choose between STP and ECN execution, fixed and variable spreads, and multiple platforms.

About company

According to the information on the website, SFX Markets is built on the execution of client transactions in the market using Straight Through Processing (STP) technology.

The broker is owned by SFX Global Ltd., which is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines.

Quite loyal conditions have been created for companies in this offshore zone: they are not obliged to keep clients' money in segregated bank accounts, or to participate in the investor compensation program. The broker registration procedure itself is fast and inexpensive, and the control is liberal. That is why we advise traders to invest money in companies that are under stricter supervision. You can familiarize yourself with other brokers in our rating.

Although the company claims to keep clients' money in segregated accounts, it obtains liquidity directly from major market maker banks such as Barclays and BNP Paribas, and all financial transactions are subject to strict internal controls.

Trading conditions

In addition, this broker has a dedicated Islamic account and a unique social trading investment service called SFX Trade Leaders. It is available on the Invest.TL account and allows you to duplicate transactions of successful traders. One of the main features of the product is the flexibility of fees. Traders can set conditions for certain groups of investors.

In fact, the fixed spreads offered by SFX Markets are above average by 2.5 pips, while most fixed spread brokers offer 2 pips. Trading costs on ECN accounts are at least 1.5 pips (with a difference of 1.0 pips and a commission of $ 5 per standard lot), which is also above the market average.

Traders have access to accounts: MICRO, ECN ISLAMIC, ECN-PRO, SFX Trade Leaders, INVEST.TL, FIX API.

Trading platforms

SFX Markets offers clients the industry's most popular trading software, MetaTrader 4 (MT4), with desktop and mobile versions available.

In addition, the SFX Web terminal is available for everyone. It is an innovative trading solution that provides enhanced access to reports and statistics of trading accounts through SFX Private Office. It offers account access through any web browser (including mobile), advanced reports and statistics, and more.

There are also two more platforms - SFX Trader Pro and SFX Prime Trader. They are based on the FIX protocol and are available only to FIX API account holders. To open this account, you need to invest at least $ 100,000.

The MT4 terminal allows you to trade in financial markets (Forex, CFD and Futures). It provides the necessary tools and resources for analyzing the dynamics of prices for financial instruments, performing trading operations, creating and using automated trading programs (advisors).

Support service

SFX Markets has a professional support team that answers traders' questions via live chat, email and phone.

Ways of payment

SFX Markets offers its clients the following payment methods: credit / debit card (Visa, MasterCard), bank transfer and Neteller e-wallets, and SFX debit card.

The SFX debit card connects directly to your ePayments account.

Pros:

STP / ECN; a large selection of trading platforms; FIX API and advanced social trading features.

Minuses:

not regulated; trading costs are above average.

FAQ - BROKER QUESTIONS SFXMARKETS

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Can the broker SFXMARKETS be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. SFXMARKETS received a rating of 1 out of 5 on our resource.