SFX Markets Reseña

On-line since: 2011
Country of origin: Saint Vincent and the Grenadines
Regulation: -
Payment options: wire transfer, Visa/MasterCard cards, Neteller, SFX debit cards
Minimum account size: $300
Minimum lot size: 0.1
Leverage: 1:100
Spreads: floating, fixed

About the company:

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

SFX Markets’ clients can choose between order execution through STP and ECN, fixed and floating spreads and are offered several trading platforms.

About company

According to information posted on its website, SFX Markets processes clients’ transactions using the Straight through Processing (STP) technology.

SFX Markets is a trading name of SFX Global Ltd., which is registered as the International Business Company (IBC) in Saint Vincent and the Grenadines.

Companies in this offshore jurisdiction operate under loose conditions. They are not required to keep clients’ funds on segregated bank accounts and be members of the investor compensation program. The registration procedure is simplified and inexpensive with non-strict supervision. That is why we recommend that traders invest in companies that are regulated more stringently. Check out other brokers in our ranking.

Still, the company claims that it keeps clients' money on segregated accounts and receives liquidity directly from the largest market makers such as Barclays and BNP Paribas with all financial transactions undergoing a strict internal audit.

Trading conditions

Moreover, the broker offers Islamic accounts and a unique social investment service called SFX Trade Leaders. It is available for Invest.TL accounts and involves copying of successful traders’ deals. Flexible commission is one of its main features. Traders can set conditions for certain groups of investors.

Fixed spreads offered by SFX Markets are 2.5 pips, higher than average of 2 pips with other brokers. 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.

Traders can open the following account types: MICRO, ECN ISLAMIC, ECN-PRO, SFX Trade Leaders, INVEST.TL, and FIX API.

Trading platforms

SFX Markets offers the most popular trading software MetaTrader 4 (MT4) available in PC and mobile versions.

Moreover, SFX Web platform is available for everyone. This innovative trading solution provides enhanced access to trading account information via SFX Private Office. It offers access to a trader’s account using any web browser (including mobile versions), extended reports and statistics, and more.

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

The MT4 platform allows you 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 (advisors).

Support service

SFX Markets has a professional support team, who ask traders’ questions via chats, by phone and email.

Payment options

SFX Markets offers such payment options as credit/debit cards (Visa, MasterCard), wire transfer, Neteller, and SFX debit cards.

The SFX debit card is directly connected to your ePayments account.

Advantages:

• STP/ECN;
• wide range of trading platforms;
• API FIX and advanced social commerce functions.

Disadvantages:

• no regulation;
• trading costs above average.