SGT Markets review

On-line since: 2006
Country of origin: -
Regulation: Financial Services Commission of the British Virgin Islands in accordance with The Securities and Investment Business Act from 2010 (the license number SIBA/L/11/0987)
Payment options: Visa, Mastercard; Skrill and Neteller; international bank transfer; electronic payment systems (Perfect Money, FASA Pay, CASH U)
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: up to 400:1
Spreads: variable from 0.0

About the company:

Sterling Gent Trading Ltd (SGT Markets) is a forex and CFD broker that offers trading solutions using various trade technologies for both major institutional traders and beginners.

Products and services:

SGT Markets provides its customers with the opportunity to trade more than 100 instruments, including currency pairs, gold, silver, oil, indices, and others.

Company history:

SGT Markets was founded in 2006 as a licensed and regulated online broker that specializes in providing services in the forex (FX) and CFD markets, among which are metals, oil, and stock indices. The company is licensed and regulated by the Financial Services Commission of the British Virgin Islands.

Security of assets:

The assets of the company's customers are effectively protected. Their funds are segregated from corporate operating accounts, while company bank accounts are opened in large and reliable financial institutions. In addition, SGT Markets fully meets the requirements on combat money-laundering and international practices in implementing AML, and customers are subject to verification.

Accounts and currencies:

Clients can use two account types for trading: STP and ECN. The account currencies are USD, EUR, and GBP. Moreover, it is also possible to open an Islamic account.

Minimum deposit

Minimum deposit amount is $500 for the accounts of the DIRECT category and $1,000 for the accounts of the PRIME category.

Spreads and commissions

Spreads start from 0.7 pip for the accounts of the DIRECT category and 0.0 pip for the accounts of the PRIME category. The commission can be charged only on the PRIME accounts - $6 per lot. Interestingly, trading on both types of accounts is conducted without the dealer participation and requotes.

Leverage

The leverage size is up to 400: 1.

Trading platforms

The main platform the broker offers is the world's well-known MetaTrader4, available on PC and mobile devices. MT4 is suitable for both beginners and experienced traders. This easy-to-use platform has a host of functions, which is why it is the most popular one among traders around the world.

Integral is one of the most advanced cloud platforms in the world that combines the functions of liquidity management, pricing, distribution, and risk management.

Currenex is one of the leaders among famous platforms for working in the foreign exchange market. It can boast of immediate pending order placing at any distance from the current price, low spreads, lack of requotes, as well as instant execution of market orders.

SGT Markets customers can also use the FIX API service, which is a ready solution for organizations and large investors looking for direct access to the market liquidity at affordable prices, without relying on external applications and interfaces.

Support service

Clients can contact the customer service by phone, e-mail, or a live chat. The service staff speaks Russian.

Feedback from traders

We managed to find both positive and negative reviews about the broker:

Zalyubin:

"Sterling Gent Trading Ltd has long been on the market, and I've been working with it for a couple of years. As for the company's integrity, the broker withdraws money on a regular basis. As for the execution of transactions, there are some minor problems. In other companies, you can face more important challenges."

Roman:

"I don't think Sterling Gent Trading Ltd is engaged in an unfair practice. The broken has been operating since 2006 and it is licensed. If things were different, the company would have ceased to exist long ago."

raphel:

"Extremely unreliable broker. Nothing but talk. Concealed fraud."

Mikhail:

"They raise money over several months, then empty your account and everything starts over again. This is a scam!!!"

Advantages:

• licensed broker;
• wide range of trading instruments;
• simple deposit methods;
• low-cost trading with spreads on Forex instruments from 0.0 point;
• expert advisors (EAs) and scalping;
• lack of requotes;
• ability to hedge all instruments;
• trading signals, news, training.

Disadvantages:

• large initial deposit;
• large amounts in accounts and significant turnovers are required to minimize commissions;
• no cash insurance;
• ineffective analytics.