SGT Markets is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on indices and commodities. SGT Markets is an off-shore company which is licensed, authorized, and regulated by the BVI Financial Services Commission as a Principal Dealer under The Securities and Investment Business Act, 2010 (license number SIBA/L/11/0987). Real trading is possible with a minimum deposit of $500. The SGT Markets website is available in English, Russian, Arabic, Spanish, Italian, German, Korean.
What do we cover in our SGT Markets Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.SGTMarkets.com
- Leverage: up to 1:400
- Instruments: Forex, CFDs – Indices, commodities
- Minimum deposit: $500 (account base currencies – USD, EUR, GBP)
- Demo account: Yes, free of charge (30-day expiry)
- Methods of deposit and withdrawal: Netteler, Skrill, bank transfer, credit and debit cards (Visa, MasterCard)
SGT Markets Trading Platform
For FX and CFD trading, SGT Markets offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The number of availeble assets hovers around 90.
SGT Markets Spreads
As any other CFD broker, SGT Markets charges a spread fee. For the most current spread charges, please visit the SGTMarkets.com website. Here is a spread comparison table that contrasts SGT Markets spreads with popular industry competitors.
*Spreads recorded on 21.10.2019 at 20:10 GMT taken either from the trading platform or from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce SGT Markets.
SGT Markets Pros
- Scalping and hedging allowed
SGT Markets Cons
- Not regulated in Europe or Australia
- No CFDs on shares
To sum up the SGT Markets Review
SGT Markets is an off-shore company which is not regulated in Europe or Australia. The company, unfortunately, does not state on its website what are the spread charges for specific currency pairs (as most brokers do). The number of tradable assets at SGT Markets is not overwhelming either, 90 (Not to mention there are no CFDs on shares, which some traders would definitely welcome). Taking all into account, there are companies with a stronger regulatory framework and offer as well.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with SGT Markets.
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