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SaracenMarkets -

Exceeded

Score

4.40 /10

Average

SaracenMarkets

Item: SaracenMarkets
Rating: 4.40

Saint Vincent and the Grenadines

2-5 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Global Business

Suspicious Overrun

Medium potential risk

https://saracen.market

Benchmark

AA

Influence

C

Add brokers

Comparison

Quantity 1

Exposure

Open Account

Website

Score

Regulatory Index3.51

Business Index6.63

Risk Management Index0.00

Software Index9.58

License Index3.51

Follow

Open Account

Website

Licenses

FSCA Exceeded

Financial Service Corporate

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM

2022-01-01

INVESTOR ALERT LIST

SaracenMarkets

Broker Information

More

Company Name

Saracen Inc

Company Abbreviation

SaracenMarkets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

https://x.com/SaracenMarket

Facebook

https://www.facebook.com/SaracenMarketsOfficial

Instagram

https://www.instagram.com/saracenmarkets/

Company summary

Pyramid scheme complaint

Expose

SaracenMarkets · Company summary

SaracenMarkets Review Summary
Registered On	2021-06-10
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	FSCA (Exceeded)
Market Instruments	Forex, Commodities, Equity, Cryptocurrencies, and Indices
Demo Account	✅
Leverage	Up to 1:2000
Spread	From 0.0 pips
Trading Platform	MT4, MT5
Min Deposit	$10
Customer Support	+85281975503 ((HK Ofhce)
	support@saracenmarkets.com
	Twitter, Facebook, Instagram
	29 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193 South Africa.Suite 305, Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, VC0120 St.Vincent & Grenadines (SARACEN INC)

SaracenMarkets Information

SaracenMarkets is a global online trading services platform operated by SARACEN MARKETS (PTY) LTD. With MetaTrader 4 and MetaTrader 5 as its core trading platforms, it covers diverse financial instruments such as foreign exchange and contracts for difference (CFDs). Bonuses are also available for users to claim.

Pros and Cons

Pros	Cons
Spread as low as 0.0 pips	FSCA (Exceeded)
Leverage up to 1:2000	$5 commission per lot (VIP)
Multiple trading instruments	High leverage risk
MT4/MT5 available
No deposit bonus ($10)

Is SaracenMarkets Legit?

SaracenMarkets is unregulated and does not undergo strict financial supervision. It is recommended to prioritize trading with brokers regulated by top-tier regulatory authorities.

What Can I Trade on SaracenMarkets?

SaracenMarkets offers a diverse range of trading instruments, including forex, commodities, indices, equity, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Equity	✔
Cryptocurrencies	✔
Indices	✔
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

SaracenMarkets offers two main account types: the Pro account using the STP model and the VIP account using the ECN model.

Account	Pro	VIP
Best for	All Traders	Fastest Speed
Minimum Deposit	$10	$10
Swap-free Islamic Account	Yes	Yes
Floating Spread	From 1.6 pips~	From 0.0 pips~
Maximum Leverage	1:2000	1:500
Account Currency	USD	USD
Execution Type	Market Execution	Market Execution
Minimum Order Volume	0.01	0.01
Minimum Step Volume	0.01	0.01
Minimum Margin	1	0.25
Maximum Order Volume	200	200
Margin Call	50%	50%
Commission	$0	$5/Lot
Maximum Position	200	200
Stop Out Level	20%	30%
Expert Advisor	√	√
Trading Platform	MetaTrader 4, MetaTrader 5	MetaTrader 4, MetaTrader 5

SaracenMarkets Fees

For SaracenMarkets' Pro account, the spread is floating, starting from 1.6 pips, with no commission; the VIP account has a spread as low as 0.0 pips but charges a commission of $5 per lot.

Leverage

The platform offers leverage of up to 1:2000 (Pro account). High leverage is suitable for experienced traders with strong risk tolerance.

Trading Platform

SaracenMarkets relies on two industry-leading trading platforms, MetaTrader 4 and MetaTrader 5, supporting downloads for web desktops and macOS.

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 4	✔	Windows, macOS, WebTrader	Beginners
MetaTrader 5	✔	Windows, macOS, WebTrader	Experienced Traders

Deposit and Withdrawal

Deposit supports small deposits in multiple currencies, starting from a minimum of $10, with lower amounts available in some countries (e.g., $5 in South Africa); payment methods include credit cards (Visa), e-wallets (PaymentAsia, Valao), etc. Deposits are commission-free and processed quickly, completing within hours.Deposit

Deposit Method	Currency	Fees/Commission	Processing Time
BetterEFT	ZAR	ZERO Fee	Instant
AraniPay	INR	ZERO Fee	Instant
WalaoPay	MYR, IDR, VND, THB	ZERO Fee	Instant
PaymentAsia	MYR, VND, PHP	ZERO Fee	Instant
SurePay	MYR, VND, THB, SGD	ZERO Fee	Instant
B2BinPAY	Coins, Stable Coins	2% Fee	Depends on Blockchain
Local Depositor	BND	ZERO Fee	Depends on LD

Withdrawal

Deposit Method	Currency	Fees/Commission	Processing Time
BetterEFT	ZAR	ZERO Fee	Instant
AraniPay	INR	ZERO Fee	Instant
WalaoPay	MYR, IDR, VND, THB	ZERO Fee	Up to 24 hours
PaymentAsia	MYR, VND, PHP	ZERO Fee	Up to 24 hours
SurePay	MYR, SGD	ZERO Fee	Up to 24 hours
B2BinPAY	Coins, Stable Coins	ZERO Fee	Up to 24 hours
Local Depositor	BND	ZERO Fee	Up to 24 hours

Copy Trading

The copy trading service of the platform is a major highlight, providing a convenient profit-making channel for users lacking trading experience. In addition, strategy providers can earn a commission of up to 30% from the trading profits of followers, achieving a win-win situation.

Bonus

No Deposit Bonus: New users can receive $10 in real funds without making a deposit.

Deposit Bonus: Get a 30% reward on each deposit. For example, if you deposit $100, your account will receive an additional $30.

Cashback: Earn up to $2 per lot in rebates!

Check whenever you want

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WikiFX Risk Alerts

Previous Detection : 2025-06-15

This broker exceeds the business scope regulated by South Africa FSCA(license number: 44806)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

SaracenMarkets · Benchmark

Average transaction speed(ms)

439

The highest transaction speed(ms)

0 Perfect

The highest speed of opening positions(ms)

312

The highest speed of closing position(ms)

0

The lowest speed of opening positions(ms)

594 Perfect

The lowest speed of closing position(ms)

0 Perfect

Ranking： 37 / 130

Test user 220

Transactions 1,898

Ocuppied margin $181,293 USD

Data Source

WikiFX Data provide

Updated: 2025-06-13 01:06:00

Benchmark	AA
Maximum Leverage	1:500
Minimum Deposit	$10
Minimum spread	From 0.0
Products	Forex, CMDTY, Indices, Equities & Crypto

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	(7+)
Withdrawal Method	(7+)
Commission	$5 / Lot

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Severe Slippage

Slippage

My order has been closed before my SL is reached. There are still almost 30 pips left before my SL.

FX1886668769

2023-11-23 11:41

Sources

Language

Mkt. Analysis

Material

SaracenMarkets · Company summary

SaracenMarkets Review Summary
Registered On	2021-06-10
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	FSCA (Exceeded)
Market Instruments	Forex, Commodities, Equity, Cryptocurrencies, and Indices
Demo Account	✅
Leverage	Up to 1:2000
Spread	From 0.0 pips
Trading Platform	MT4, MT5
Min Deposit	$10
Customer Support	+85281975503 ((HK Ofhce)
	support@saracenmarkets.com
	Twitter, Facebook, Instagram
	29 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193 South Africa.Suite 305, Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, VC0120 St.Vincent & Grenadines (SARACEN INC)

SaracenMarkets Information

SaracenMarkets is a global online trading services platform operated by SARACEN MARKETS (PTY) LTD. With MetaTrader 4 and MetaTrader 5 as its core trading platforms, it covers diverse financial instruments such as foreign exchange and contracts for difference (CFDs). Bonuses are also available for users to claim.

Pros and Cons

Pros	Cons
Spread as low as 0.0 pips	FSCA (Exceeded)
Leverage up to 1:2000	$5 commission per lot (VIP)
Multiple trading instruments	High leverage risk
MT4/MT5 available
No deposit bonus ($10)

Is SaracenMarkets Legit?

SaracenMarkets is unregulated and does not undergo strict financial supervision. It is recommended to prioritize trading with brokers regulated by top-tier regulatory authorities.

What Can I Trade on SaracenMarkets?

SaracenMarkets offers a diverse range of trading instruments, including forex, commodities, indices, equity, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Equity	✔
Cryptocurrencies	✔
Indices	✔
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

SaracenMarkets offers two main account types: the Pro account using the STP model and the VIP account using the ECN model.

Account	Pro	VIP
Best for	All Traders	Fastest Speed
Minimum Deposit	$10	$10
Swap-free Islamic Account	Yes	Yes
Floating Spread	From 1.6 pips~	From 0.0 pips~
Maximum Leverage	1:2000	1:500
Account Currency	USD	USD
Execution Type	Market Execution	Market Execution
Minimum Order Volume	0.01	0.01
Minimum Step Volume	0.01	0.01
Minimum Margin	1	0.25
Maximum Order Volume	200	200
Margin Call	50%	50%
Commission	$0	$5/Lot
Maximum Position	200	200
Stop Out Level	20%	30%
Expert Advisor	√	√
Trading Platform	MetaTrader 4, MetaTrader 5	MetaTrader 4, MetaTrader 5

SaracenMarkets Fees

For SaracenMarkets' Pro account, the spread is floating, starting from 1.6 pips, with no commission; the VIP account has a spread as low as 0.0 pips but charges a commission of $5 per lot.

Leverage

The platform offers leverage of up to 1:2000 (Pro account). High leverage is suitable for experienced traders with strong risk tolerance.

Trading Platform

SaracenMarkets relies on two industry-leading trading platforms, MetaTrader 4 and MetaTrader 5, supporting downloads for web desktops and macOS.

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 4	✔	Windows, macOS, WebTrader	Beginners
MetaTrader 5	✔	Windows, macOS, WebTrader	Experienced Traders

Deposit and Withdrawal

Deposit supports small deposits in multiple currencies, starting from a minimum of $10, with lower amounts available in some countries (e.g., $5 in South Africa); payment methods include credit cards (Visa), e-wallets (PaymentAsia, Valao), etc. Deposits are commission-free and processed quickly, completing within hours.Deposit

Deposit Method	Currency	Fees/Commission	Processing Time
BetterEFT	ZAR	ZERO Fee	Instant
AraniPay	INR	ZERO Fee	Instant
WalaoPay	MYR, IDR, VND, THB	ZERO Fee	Instant
PaymentAsia	MYR, VND, PHP	ZERO Fee	Instant
SurePay	MYR, VND, THB, SGD	ZERO Fee	Instant
B2BinPAY	Coins, Stable Coins	2% Fee	Depends on Blockchain
Local Depositor	BND	ZERO Fee	Depends on LD

Withdrawal

Deposit Method	Currency	Fees/Commission	Processing Time
BetterEFT	ZAR	ZERO Fee	Instant
AraniPay	INR	ZERO Fee	Instant
WalaoPay	MYR, IDR, VND, THB	ZERO Fee	Up to 24 hours
PaymentAsia	MYR, VND, PHP	ZERO Fee	Up to 24 hours
SurePay	MYR, SGD	ZERO Fee	Up to 24 hours
B2BinPAY	Coins, Stable Coins	ZERO Fee	Up to 24 hours
Local Depositor	BND	ZERO Fee	Up to 24 hours

Copy Trading

The copy trading service of the platform is a major highlight, providing a convenient profit-making channel for users lacking trading experience. In addition, strategy providers can earn a commission of up to 30% from the trading profits of followers, achieving a win-win situation.

Bonus

No Deposit Bonus: New users can receive $10 in real funds without making a deposit.

Deposit Bonus: Get a 30% reward on each deposit. For example, if you deposit $100, your account will receive an additional $30.

Cashback: Earn up to $2 per lot in rebates!

News

ExposureWhy SaracenMarkets Raises Serious Regulatory Red Flags

A good broker follows the rules, protects your money, and treats you fairly. But what happens when a broker doesn’t play by the rules? That’s the concern now surrounding a trading platform called SaracenMarkets.

WikiFX

2025-05-26 09:30

Why SaracenMarkets Raises Serious Regulatory Red Flags

NewsSaracenMarkets Review 2025: A Questionable Broker with Low Ratings and Unclear Regulation

SaracenMarkets 2025 review: Low WikiFX ratings, unclear FSCA regulation raise scam concerns. Lack of transparency, negative feedback suggest caution for traders.

WikiFX

2025-05-20 15:19

SaracenMarkets Review 2025: A Questionable Broker with Low Ratings and Unclear Regulation

NewsSaracenMarkets- Safe or Scam?

In this particular article, we will analyze whether SaracenMarkets is worth investing in or not. We will tell you all the important details about the broker, such as market instruments, trading platform, account types, deposit and withdrawal options, and customer support.

WikiFX

2025-02-18 16:07

NewsWikiFX Broker Assessment Series | SaracenMarkets: Is It Trustworthy?

In this article, we will conduct a comprehensive examination of SaracenMarkets, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

WikiFX

2024-04-22 17:13

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User comment

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Comments

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Fabrice Benoit

more than one year

SaracenMarkets is a great choice for those looking to start trading with a small budget. Their low minimum deposit and competitive commission rates make it easy to get started and grow your portfolio.

Translate to English

2024-07-19 18:49

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0

Andyo

more than one year

SaracenMarkets has been awesome for me. They offer a ton of trading options and the spreads are super low. The high leverage is great for boosting profits, but you've got to be careful with it. I especially love how easy the app makes it to trade from anywhere.

Translate to English

2024-06-04 14:15

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1