Silom Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-29 17:54

Abstract：Set in Hong Kong, Silom is a brand-new formed corporation Among the several trading tools it offers are FX, commodities, indexes, and cryptocurrency. Together with minimal spreads beginning at 0 pip, they support MT4 platforms and provide competitive leverage up to 1:200. Users may test trading with a demo account.

Silom International Review Summary
Founded	2024
Registered Country/Region	HongKong
Regulation	Unregulated
Market Instruments	Forex, Commodities, Indices, Shares (CFDs), Cryptocurrencies
Demo Account	Available
Leverage	Up to 1:200
Spread	From 2.2 pips
Trading Platform	MT4(Web and Mobile)
Min Deposit	$10
Customer Support	Phone: +60 82360563
	Email: cs@silomcfd.com
	24/7 Online Chat: Not mentioned
	Physical Address: 2nd Floor of Private Lot No.7, Kuching, Sarawak, Malaysia

Silom Information

　　Set in Hong Kong, Silom is a brand-new formed corporation Among the several trading tools it offers are FX, commodities, indexes, and cryptocurrency. Together with minimal spreads beginning at 0 pip, they support MT4 platforms and provide competitive leverage up to 1:200. Users may test trading with a demo account.

Pros and Cons

Pros	Cons
Offers over 12,000 products for trading	Unregulated
Competitive spreads starting from 2.2 pips	No 24/7 customer support
Provides a demo account

Is Silom Legit?

　　Silom International Limited is unregulated.

What Can I Trade on Silom?

　　Silom mainly provides CFD trading. It offers over 12,000 particular products, including 60 Forex pairs, CFDs on commodities, precious metals, and energy, 150 equities, main stock indexes, and 10 cryptocurrencies.

Instrument	Details	Supported
Forex	60 currency pairs available, 24/5 trading	✔
Commodities	CFDs on various commodities including oil, natural gas, etc.	✔
Indices	Trade major international stock indices with no requotes and hidden fees	✔
Shares (CFDs)	150 popular stocks available for long/short, with dividends on long positions	✔
Cryptocurrencies	10 cryptocurrencies, including Bitcoin and Ethereum	✔
Precious Metals	CFDs on gold, silver, platinum, copper, and other precious metals	✔
Energies	CFDs on spot energy, such as Brent Crude and US Crude oil	✔

Account Types

　　Silom offers three types of live trading accounts: Standard, Advanced, and Institutional.

Account Type	Standard Account	Advanced Account	Institutional Account
Min Deposit	$10	$50	$10,000
Max Leverage	1:200	1:200	1:100
Spread	From 2.2 pips	From 1.5 pips	From 0 pips
Processing Fees	$0	$3 per side	$1.5 per side
Min Trade Size	0.01 lots	0.01 lots	0.01 lots
Other Features	Suitable for most traders	Suitable for experienced traders	For institutional investors, advanced features

Leverage

　　The leverage of Silom international is up to 1:200. It offers 1:200 leverage in standard account and premium account, but offers 1:100 leverage in institutional account.

Silom Fees

　　While higher-tier accounts have tighter spreads, Silom offers the spreads of standard account starts from 0 pips. The processing fee ranges from 0 to $3.

Account Types	Spread	Processing Fees
Standard Account	From 2.2 pips	$0
Advanced Account	From 1.5 pips	$3 per side
Institutional Account	From 0 pips	$1.5 per side