SFX MARKETS can be summarised as a trustworthy broker that has a high trust score of 80 out of 100. SFX MARKETS is authorized and regulated by FSASVG with a maximum leverage of 1:500.
SFX MARKETS at a Glance
| 📅 Year Founded | 2011 |
| 📍 Head Office | Saint Vincent and the Grenadines |
| ⚖️ Financial Regulatory Bodies | FSASVG |
| 📈 Managed accounts | No |
| 📊 Institutional accounts | Yes |
| ☪️ Islamic Account | Yes |
| 💰 Minimum Deposit | $100 |
| 👍 Demo Trading Account available | No |
| 🌐 Countries not accepted for trade | United States |
| 💰 Withdrawal options | Wire transfer, Visa/MasterCard cards, Neteller, SFX debit cards |
| 📒 Deposit options | Wire transfer, Visa/MasterCard cards, Neteller, SFX debit cards |
| 💻Platform(s) provided | 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 the website | English, Spanish |
| 📓 Customer support languages | English, Russian, Chinese |
| ☎️ Customer service hours | 24/5 |
| 📈 Maximum Leverage | 1:500 |
| 👉 Open a account | 👉 Click Here |
SFX MARKET Review – 18 key points quick overview:
SFX MARKETS is a forex broker company in Saint Vincent and the Grenadines.
Finding a reputable SFX MARKETS review locally or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth review of SFX MARKETS to help you make an informed decision before opening your account or trading on their platform.
A Forex broker like SFX MARKETS provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.
Forex broker services can also be provided for institutional clients and large companies such as investment banks.
SFXMARKETS is a trading name of SFX Global Ltd., which is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines.
SFX MARKETS was founded in 2011 and offers currency pairs and precious metals for trading on an MT4 platform. SFX MARKETS’ clients can choose order execution through STP or ECN, fixed or floating spreads and are offered several trading platforms.
Companies in offshore jurisdictions like Saint Vincent and the Grenadines operate under much looser conditions than those regulated by the FCA in the UK. They do not have to keep clients’ funds in segregated bank accounts or be members of an investor compensation program. The registration procedure is easy and inexpensive with lenient supervision.
SFX MARKETS Awards and Recognition
In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. Such awards are usually mentioned with pride on the company website.
Although SFXMARKETS is rated highly by some customers in personal reviews on review websites, there is no information available on the SFXMARKETS homepage or elsewhere about any awards received by them.
SFX MARKETS Accounts
A forex account is a trading account held by a trader with a company like SFXMARKETS, that is issued with the primary purpose of trading through its platforms.
Usually, the number and type of accounts that a trader can open with a broker company differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.
Accounts usually differ in the way spreads or commissions are applied, what minimum deposit is needed to open that type of account, and certain services or advantages that account holders may get access to.
In the case of Muslim customers, special Islamic accounts, that is swap-free accounts, are offered that mirror the other account types but operate in accordance with Shariah law.
Instruments available with SFXMARKETS are Precious Metals and GBP/EUR/DOLL can be used to fund all accounts.
SFX MARKETS Types of Accounts and their Features
SFXMARKETS offers the following account types:
📍 Cent Account
The minimum deposit to open this account is $100, the EURUSD spread is 2 pips and the commission is $10. Maximum leverage of 1:400 can be used and a minimum lot size of 0.01 can be traded.
📍 Classic Account
A minimum deposit of $500 is required to open this type of account. Maximum leverage of 1:500 may be used, the spread for EURUSD is 2 pips and the commission $8. The minimum lot size is 0.01 Lot.
📍 Cent NDD Account
A minimum deposit of $5 000 is needed to open this type of account. A spread of EURUSD 2 pips is applicable and the commission is $8. Maximum leverage of 1:200 can be used, the minimum lot size is 0.10 Lot.
📍 Classic NDD Account
To open this type of account a minimum deposit amount of $10 000 is required. The spread of EURUSD starts at 1.5 pips and the commission is $7. A maximum leverage ratio of 1:200 can be used and a minimum of 0.10 Lot traded.
📍 Pro STP Account
To open this type of account a minimum deposit amount of $50 000 is needed.
The spread of EURUSD is 1 pip and commission $9, and a maximum leverage ratio of 1:100 can be used. The minimum lot size is 0.50 Lot.
SFX MARKETS Deposits and Withdrawal
📍 SFXMARKETS requires the following deposit amounts to open the respective accounts:
➡️ 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 as payment methods to fund accounts or withdraw money. The SFX debit card is directly connected to a trader’s ePayments account.
SFX MARKETS Cost and Fees, Commissions, and Spreads
The cost of trading depends on different factors like commissions, spreads, and margins.
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. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.
The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your account.
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.
While contract for differences (CFD) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, it’s trading on shares will incur a commission. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.
SFXMARKETS trading costs for ECN accounts are more than 1.5 pips (with a difference of 1 pip and a commission of $5 for a standard lot), which is also above the average in the market.
It is not clear whether deposit and withdrawal fees are charged, and customers should also keep in mind that inactivity fees may kick in when accounts remain idle for long periods.
SFX MARKETS Leverage
Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.
The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 100 000 USD/JPY, that leverage will equate to 100:1.
Traders should always keep in mind that, although the high leverage offered may be a plus point for the brokerage, trading at such high leverage should only be attempted by experienced traders that know how to prevent big losses.
📍 SFXMARKETS allows its traders to use a maximum leverage ratio of up to 1:500 – on its Classic Account. Maximum leverage ratios for the other accounts are:
➡️ Cent Account – 1:400
➡️ Cent NDD Account – 1:200
➡️ Classic NDD Account – 1:200
➡️ Pro STP Account – 1:100
SFX MARKETS Bonuses
Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.
The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proven himself as an active trader.
Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.
The European Securities and Markets Authority (ESMA) has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs which prevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution or sale of a CFD, thus ruling out the offering of such bonuses.
According to the company website and other sources, SFXMARKETS offers different bonuses on different account types. For deposits to the respective accounts, bonuses between 50% and 100 % may be claimed.
SFX MARKETS Trading Platforms, Software, and its Features
The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
Some companies provide their own proprietary platform, which may benefit traders due to specific characteristics developed by specialists employed by the broker, while others prefer to provide better-known platforms that were tried and tested over time.
If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best.
SFXMARKETS offers the most popular trading software 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). It provides the necessary tools and resources for analyzing the price dynamics for financial instruments, for trading as well as creating and using automated trading programs.
The MetaTrader 4 web-based trading platform is developed with fast performance and numerous analytics tools while the MetaTrader 4 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. This innovative solution provides enhanced access to trading account information via SFX Private Office and offers access to a trader’s account using any web browser including mobile versions.
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. To open this account, a trader needs to invest at least $100 000.
SFX MARKETS Markets, Products, and Instruments
📍 Most brokers offer all or some of the following market instruments for trading:
Forex:
Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities:
As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.
Indices:
Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a particular stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.
Precious metals:
This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.
Energy:
The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.
Cryptocurrencies:
Tradable cryptocurrencies include the following:
Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap.
Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability.
Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.
Bitcoin Cash (BCH) was created as a new version of the blockchain with different rules.
SFXMARKETS offers Forex, Commodities, Stock and Indices, and Cryptocurrencies as trading instruments.
SFX MARKETS Safety and Regulation
Before joining a brokerage company to start trading, a potential trader needs to establish whether a broker like SFXMARKETS is safe and secure to trade with.
One of the most reliable benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watching and overseeing its actions and whether the company complies with those regulations.
In general, a so-called “offshore” broker tends to have a less favorable reputation and potential traders should think carefully before investing with them.
Secondly, the safety of client’s funds should be guaranteed and in the case of the company defaulting or going bankrupt, a safety net of some sort would come in handy to prevent customers from taking more losses.
SFXMARKETS is owned and operated by SFX Global Ltd. and regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG).
Otherwise, SFX MARKETS is an unregulated broker.
In November 2018, the Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry, announced that the membership status of SFX MARKETS had ceased following a breach of contractual obligations.
In order to maintain membership with the Financial Commission, member firms must adhere to strict membership rules and comply with Financial Commission rules.
SFX MARKETS had not met its contractual obligations as a member and was expelled as of November 20, 2018.
SFX MARKETS Customer Support
Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. The ease with which such support teams can be contacted may also play a role when choosing a broker.
The customer support team of SFXMARKETS can be reached via chat, phone, and email. Support is given in English, Russian and Chinese. On their website, SFX MARKETS claims that their support office is available 24 hours a day, five days a week for all clients.
SFX MARKETS Education and Training
Before starting to trade, potential SFXMARKETS clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading.
If SFXMARKETS ’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.
SFXMARKETS does offer an Introduction to Forex section on its website, as well as a comprehensive glossary.
SFX MARKETS Research
Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage.
Trading successfully relies heavily on knowledge and understanding of the markets and the platforms offered by a broker, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with.
SFXMARKETS offers research options like Technical Market Analysis and a calendar of upcoming events that may influence the markets.
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
SFXMARKETS warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors.
Before clients decide to trade the products offered by SFXMARKETS, they are advised to contemplate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.
Especially when traders use SFXMARKETS ’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader.
It is always possible to sustain a loss of some or all of an initial investment.
While SFXMARKETS promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.
Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.
Frequently Asked Questions
What is an SFX market?
An SFX market, also known as a Special Effects market, is a market that trades in financial instruments that have unusual or complex payout structures. These instruments may include options, swaps, and other derivatives that incorporate special features, such as knock-in and knock-out barriers or exotic payoffs.
Who trades in SFX markets?
SFX markets are typically used by institutional investors, such as hedge funds, investment banks, and asset managers. These investors may use SFX instruments to manage risk, enhance returns, or gain exposure to specific market dynamics.
How do SFX markets differ from traditional financial markets?
SFX markets differ from traditional financial markets in several ways. First, the instruments traded in SFX markets are often more complex and less standardized than those traded in traditional markets. Additionally, the participants in SFX markets tend to be more sophisticated and specialized than those in traditional markets.
What are the risks associated with SFX markets?
Like all financial markets, SFX markets carry risks. The complex payout structures of SFX instruments can make them difficult to value, which can lead to increased volatility and unpredictability. Additionally, the specialized nature of SFX markets means that liquidity can be limited, which can make it difficult to buy and sell instruments at fair prices.
How can I get started trading in SFX markets?
Trading in SFX markets typically requires a high level of expertise and sophistication and is not recommended for inexperienced investors. If you are interested in trading in SFX markets, it is important to do your research and seek out the guidance of experienced professionals. You may also need to meet certain eligibility criteria, such as having a certain level of assets under management or trading volume.
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