SEC Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-04-15 14:37

Abstract：SEC Markets, founded in 2020, is the biggest broker with gold-backed stability offered by the SEC Bullion. It offers CFD trading across 5 products (Forex, Indices, Commodities, Stocks, and Cryptocurrencies) and provides 3 account types (bronze, silver, and gold account) with traders.

SEC MarketsReview Summary
Founded	2020
Registered Country/Region	United Arab Emirates
Regulation	No regulation
Market Instruments	Forex, Indices, Commodities, Stocks, Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:500
Spread	0.0 pips (bronze account)
Trading Platform	MT5
Min Deposit	$100
Customer Support	Phone: +44 2037699370; +971 43339559
	Email: info@sec-markets.com
	Physical Address: 723 Fairmont Hotel, Sheik Zayed Road, Dubai UAE.

SEC Markets Information

　　SEC Markets, founded in 2020, is the biggest broker with gold-backed stability offered by the SEC Bullion. It offers CFD trading across 5 products (Forex, Indices, Commodities, Stocks, and Cryptocurrencies) and provides 3 account types (bronze, silver, and gold account) with traders.

Pros and Cons

Pros	Cons
Diverse trading products and account types	No regulation
Support MT5	No U.S. clients accepted
Provide exotic currency pairs	No VPS services offered
Multiple customer support channels	No information about withdrawal
200% welcome bonus on every first deposit
Economic calendar and calculators for traders
Abundant learning resources on the website

Is SEC Markets Legit?

　　SEC Markets is not regulated by any well-known regulatory authorities, which indicates high potential risks.

What Can I Trade on SEC Markets?

　　SEC Markets offers 66 currency pairs, 14 indices, 8 commodities, 27 stocks, and cryptocurrencies.

Tradable Instruments	Supported
Stocks	✔
Forex	✔
Funds	❌
Bonds	❌
Cryptocurrencies	✔
Precious metals & Commodities	✔
Indices	✔

Account Types

　　SEC Markets provides a total of 3 different types of accounts to traders: Bronze (Standard) Account, Silver (Pro) Account, and Gold (VIP) Account. Each account has a detailed introduction to help traders identify which account is suitable for them. Its important to carefully evaluate whether the conditions align with your trading goals, experience level, and financial situation. Additionally, the company also provides a demo account (which expires after one month) and Islamic accounts for a short duration.

　　Opening a trading account is simple and quick. In just 4 steps, you can start trading: register, verify, fund, and trade.

Account Type	Bronze Account (Standard)	Silver Account (Pro)	Gold Account (VIP)
Minimum Deposit	100	10,000	25,000
Available Base	USD	USD	USD
Spreads From	1.6 PIPS	0.2 PIPS	0.0 PIPS
Leverage	1:100	1:200	1:200
Min. Trade Volume	0.01 pips	0.01 pips	0.01 pips
Commission	$0	$0	$0
Stop out	30%	30%	30%
Execution Type	Market execution	Market execution	Market execution
Execution Model	NDD	NDD	NDD
Suitable for	novice and experienced trader	experienced and active trader	advanced trader

　　VIP Account: To open a VIP Account, the trader needs to first fill out a VIP form to qualify for the VIP account.

Leverage

　　SEC Markets offers up to 1:500 leverage, which is considered high and suitable for experienced traders and requires careful risk management.

SEC Markets Fees

　　Trading Fees

　　At SEC Markets, trading account options include various spreads with no commission. Spreads range from 0.0 PIPS to 1.6 PIPS. Spreads, commissions, and margins vary by product. For more detailed information, please refer to the website.

Products		Spreads	Commissions USD Per Lot	Margins
Forex	EURUSD	0.2 pips (Premiere account)1.6 pips (Executive account)	N/A	0.20%
Forex	AUDUSD	0.2 pips (Premiere account)2.1 pips (Executive account)	N/A	0.20%
Indices	Japan 225	11 pips	FREE	0.50%
Indices	EU Stocks 50	1.5 pips	FREE	0.50%
Commodities	Silver Vs US Dollar	0.021 pips	FREE	1% (fixed)
Commodities	WTI Crude Oil	0.028 pips	FREE	1% (fixed)
Stocks	Barclays	N/A	0.16%	10%
Stocks	BAT	N/A	0.16%	10%
Cryptocurrencies	N/A

　　Non-Trading Fees

　　SEC Markets's minimum deposit is $100 and does not charge any monthly fees for trading. However, there is no further information provided about withdrawal-related fees or inactivity fees.