SalmaMarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-16 18:39

Abstract：SalmaMarkets is a newly established forex broker registered in Saint Vincent and the Grenadines. The tradable instruments with a maximum leverage of 1:1000 include forex, commodities, metals, crypto, and indices. The broker only provides STP accounts. The minimum deposit is 1 USD. SalmaMarkets is still risky due to its unregulated status and high leverage.

SalmaMarketsReview Summary
Founded	2024-01-06
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex/Commodities/Metals/Crypto/Indices
Demo Account	✅
Leverage	Up to 1:1000
Spread	As low as 0.8 pips(on forex)
Trading Platform	MT4(PC(Windows)/MAC/Tablet/Mobile(IOS/Android))
Min Deposit	1USD
Customer Support	Email: support@salmamarkets.com
	Facebook/Instagram/YouTube
	Telegram/WhatsApp
	Online chat

SalmaMarkets Information

　　SalmaMarkets is a newly established forex broker registered in Saint Vincent and the Grenadines. The tradable instruments with a maximum leverage of 1:1000 include forex, commodities, metals, crypto, and indices. The broker only provides STP accounts. The minimum deposit is 1 USD. SalmaMarkets is still risky due to its unregulated status and high leverage.

Pros and Cons

Pros	Cons
Leverage up to 1:1000	Unregulated
MT4 available	No 24/7 customer support
Swap free	Complaints about high withdrawal fees
24/5 customer support
Commission free
Demo account available
Various tradable instruments

Is SalmaMarkets Legit?

　　SalmaMarkets is not regulated, making it less safe than regulated brokers.

What Can I Trade on SalmaMarkets?

　　SalmaMarkets offers a wide range of market instruments, including forex, commodities, metals, crypto, and indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Metals	✔
Crypto	✔
Indices	✔
Stocks	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　SalmaMarkets only provides an account type: STP. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type	STP
Minimum Deposit	1 USD
Maximum Deposit	Unlimited
Swap	No/Free
Stop Out	30%
Margin Call	50%
Leverage	Up to 1:1000
Minimum Trade Size	0.01

SalmaMarkets Fees

　　The minimum spread is as low as 0.8 pips on forex markets. The commission is free and the no swap.

Leverage

　　The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

　　SalmaMarkets cooperates with the authoritative MT4 trading platform available on PC(Windows), MAC, tablet, and mobile(IOS/Android) to trade. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems.