Overview of SASA Capital
SASA Capital, established in 2018 and based in Montenegro, operates under SCMN regulation, offering a range of financial products and services including Forex and derivatives like CFDs and options.
The company provides two main account types: Standard and Gold, with leverage up to 1:100. Spreads start from 0.9 pip for the Standard account and 2.7 pips for the Gold account, with specific commissions on CFDs.
Clients can trade using the Meta Trader 4 platform or the SASA App, and a demo account is available for practice. The minimum deposit requirement is $100 for a Standard account and $20,000 for a Gold account. Customer support can be reached via phone at +38267085514 or email at info@sasacapital.com.
Is SASA Capital Limited Legit or a Scam？
SASA Capital is regulated by the Capital Market Commission in Montenegro(SCMN), holding a Straight Through Processing (STP) license, which facilitates direct processing of trades without dealer intervention.
The firm's regulation status is active, with the license number 03/2-3/4-19, ensuring that it adheres to the regulatory standards set by the Montenegrin authority, providing a layer of trust and security for its clients.
Pros and Cons
Pros of SASA Capital:
Regulated Entity: SASA Capital is regulated by the Capital Market Commission in Montenegro, which adds a layer of security and trust for clients, knowing that the firm adheres to certain standards and oversight.
Variety of Financial Products: The firm offers a range of financial products including Forex, derivatives (CFDs, options), providing ample trading opportunities for investors with different interests and strategies.
Trading Platforms: Clients have the option to trade using Meta Trader 4, a widely recognized trading platform, or the SASA App, offering flexibility and convenience in trading operations.
Demo Account Availability: SASA Capital offers a demo account, which is a valuable tool for beginners to practice trading or for experienced traders to test new strategies without risking real money.
Competitive Spreads: The company offers competitive spreads, starting from 0.9 pips for the Standard account, which can be an advantage for traders looking to minimize their trading costs.
Cons of SASA Capital:
Limited Account Types: With only two account types (Standard and Gold), some traders might find the options restrictive, especially if they are looking for more tailored or advanced account features.
High Minimum Deposit for Gold Account: The high minimum deposit requirement of $20,000 for the Gold account could be a barrier for smaller retail investors or traders who do not wish to commit a large amount of capital upfront.
Geographical Limitation: Being regulated only in Montenegro might raise concerns about the scope of regulation and protection, especially for clients who are accustomed to firms regulated by more widely recognized authorities.
Commission on CFDs: While forex trading is commission-free, the firm charges commissions on CFDs, which could add to the trading costs for clients who primarily trade CFDs.
Customer Support Limitation: Although customer support is available via phone and email, the absence of 24/7 support or live chat options might be a drawback for traders who prefer more instantaneous or round-the-clock assistance.
Products & Services
SASA Markets offers a comprehensive suite of financial products tailored to meet the diverse needs of global traders. Their product lineup is designed to provide exceptional liquidity conditions, leveraging their unique approach to localizing products and services to optimize costs and service quality across global forex markets.
Forex Trading: SASA Markets excels in providing liquidity in foreign currencies, offering traders the opportunity to engage in forex trading with over 100 currency pairs. This is facilitated through two primary platforms: Sasa | Pro and the widely acclaimed MetaTrader 4 (MT4) platform.
Bullion: Traders interested in precious metals can engage in bullion trading with SASA Markets. This includes the trading of precious metals, providing an alternative investment option that is often considered a safe haven during times of market volatility.
Derivatives: SASA Markets offers a variety of derivatives, including options and CFDs (Contracts for Difference), enabling traders to speculate on price movements or hedge their investment risks. Derivatives are financial instruments whose value is derived from the value of an underlying asset, such as commodities, currencies, indices, or metals.
CFDs: The CFD offerings at SASA Markets allow traders to speculate on the price movements of various underlying assets without the need to own the actual asset. This includes a broad range of CFDs on metals, energies, commodities, indices, and currencies.
Options: SASA Markets provides options trading, particularly in currency pairs and precious metals like gold and silver. Options give traders the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific time frame. This can be a powerful tool for traders looking to leverage their positions or hedge against market movements.
Streaming and RFQ Options: For more advanced traders, SASA Markets offers streaming options and RFQ (Request for Quote) options for non-standard dates, enhancing the flexibility and depth of trading strategies that can be employed.
Account Types
SASA Capital offers 2 types of accounts for its users.
Standard Account
The Standard Account offered by SASA Markets provides traders with leverage of up to 1:100, allowing them to amplify their trading positions.
The minimum initial deposit required to open a Standard Account is $100, making it accessible for a wide range of traders. Spreads on this account type start from as low as 0.9 pip, offering competitive trading conditions. There is no FX commission, but a CFD commission of $12 is applicable.
The minimum trade size is set at 0.01 lot, providing flexibility in trading sizes. It's important to note that the Standard Account does not offer swap-free options or allow scalping. The stop-out level is set at 25%, ensuring risk management.
Gold Account
The Gold Account, tailored for more seasoned or high-net-worth traders, also offers leverage up to 1:100. The minimum initial deposit for this account is significantly higher, set at $20,000.
Spreads are more favorable, starting from 0.7 pip, which can be particularly appealing for traders looking to reduce trading costs. Like the Standard Account, there is no FX commission, but the CFD commission is slightly lower at $10.
The minimum trade size remains at 0.01 lot, offering precision in trade volume. The Gold Account also does not support swap-free trading or scalping and maintains a stop-out level of 25%.
How to Open an Account？
To open a trading account with SASA Markets, you can follow these straightforward steps:
Visit the Website: Start by navigating to the SASA Markets website. Once there, look for the option to open a live account. This is typically found on the homepage or under a specific section labeled “Accounts” or “Open Account.”
Complete the Application Form: Click on the option to open a live account, which will direct you to an online application form. Fill in the required details, which usually include personal information, financial background, and trading experience. This step is crucial for ensuring that your account aligns with your trading needs and complies with regulatory requirements.
Submit Verification Documents: To comply with regulatory standards and verify your identity, SASA Markets will require you to submit certain documents. This typically includes a government-issued ID (like a passport or driver's license) and a proof of residence (such as a utility bill or bank statement). Upload these documents as instructed on the website.
Fund Your Account: Once your account is verified, you will need to deposit funds to start trading. Refer to the minimum deposit requirements for your chosen account type (Standard or Gold). SASA Markets will provide various funding methods, such as bank transfers, credit cards, or e-wallets.
Leverage & Deposit
Leverage in SASA Markets
SASA Markets offers leverage of up to 1:100 for both its Standard and Gold account types. This leverage ratio allows traders to control a large position in the market with a relatively small amount of invested capital. For example, with 1:100 leverage, a trader can control a position worth $100,000 with just $1,000 of their own capital.
Deposit Requirements in SASA Markets
The deposit requirements at SASA Markets vary depending on the account type chosen by the trader. For the Standard Account, the minimum initial deposit required is $100. This makes it an accessible option for a wide range of traders, from beginners to those with more experience who may prefer to start with a lower capital commitment.
On the other hand, the Gold Account requires a significantly higher minimum initial deposit of $20,000, targeting more seasoned traders or those with a higher capital base who may be seeking more advanced features and lower spreads.
Spreads & Commissions
Spreads:
SASA Markets offers competitive spreads for its trading accounts, which vary depending on the account type chosen by the trader.
For the Standard Account, spreads start from 0.9 pip, providing a cost-effective option for traders who prefer tighter spreads to reduce their trading costs.
On the other hand, the Gold Account offers even lower spreads, starting from 0.7 pip, attracting more experienced traders or those with higher capital, who seek to minimize their cost per trade further.
Commissions:
When it comes to commissions, SASA Markets has a clear structure depending on the asset being traded.
For forex trading, there are no commissions, allowing traders to execute trades without worrying about additional costs on top of the spreads.
However, for CFD trading, there is a commission structure in place: the Standard Account incurs a commission of $12, while the Gold Account has a slightly lower commission rate of $10.
Trading Platform
SASA Markets offers a variety of trading platforms to meet the diverse needs and preferences of its clients, ensuring a flexible and comprehensive trading experience.
MetaTrader 4 Desktop: SASA Markets provides the highly popular MetaTrader 4 (MT4) desktop platform, renowned for its user-friendly interface, advanced charting tools, and robust technical analysis capabilities. It supports a wide range of order types, automated trading, and offers over 50 built-in indicators to assist traders in predicting market trends and determining optimal entry and exit points.
MetaTrader 4 Mobile: Understanding the need for trading on the go, SASA Markets also offers the MetaTrader 4 platform for mobile devices, compatible with both Android and iOS. This mobile platform ensures that traders can access their accounts, execute trades, and monitor the markets anytime, anywhere, maintaining the core functionalities of the desktop version.
SASA | Pro Desktop: SASA | Pro is an advanced trading platform that combines spot FX and bullion trading with options, providing a comprehensive system for traders. It features market depth, market limit orders, market execution without requotes, and a customizable interface. The platform also includes advanced charting tools, news updates, live chat support, and embedded backoffice integration,attracting traders who seek a more integrated and versatile trading environment.
SASA | Pro Mobile by Prodigy: Extending its platform offerings to mobile, SASA Markets introduces SASA | Pro for Android and iOS, allowing traders to experience the advanced features of SASA | Pro on their mobile devices. This platform is designed for high performance and user experience, ensuring that traders have access to sophisticated trading tools and real-time market data even while on the move.
Customer Support
Customer support for SASA Capital is designed to assist clients with their queries and provide necessary support. Clients can contact SASA Capital through the following means:
Address: If you need to visit or send mail, SASA Capital's physical location is at 2 Sheikh Zayed Street, Oaza Building, 2nd Floor, Apartment 9, 81000 Podgorica, Montenegro.
Phone: For direct assistance or urgent matters, clients can call SASA Capital at +38267085514. This phone line provides a direct way to speak with a customer support representative.
Email: For less urgent inquiries or support issues, customers can email SASA Capital at info@sasacapital.com. This option is suitable for detailed queries or when documentation needs to be shared.
Conclusion
In conclusion, SASA Capital is a comprehensive financial services provider based in Montenegro, offering a range of trading products and services, including forex and derivatives, across various platforms like MetaTrader 4 and SASA | Pro.
With competitive spreads, a structured commission system, and two main account types, SASA attracts a diverse clientele. The firm ensures client support through multiple channels, emphasizing its commitment to customer service and regulatory compliance.
FAQs
Q: What types of trading accounts does SASA Capital offer？
A: SASA Capital offers two main types of accounts: Standard and Gold, each with different minimum deposit requirements, spreads, and commissions.
Q: What is the minimum deposit required to open an account with SASA Capital？
A: The minimum deposit is $100 for a Standard account and $20,000 for a Gold account.
Q: Are there any commissions on forex trading at SASA Capital？
A: No, there are no commissions on forex trading, but there are commissions on CFDs, with rates depending on the account type.
Q: What trading platforms does SASA Capital provide？
A: SASA Capital provides the MetaTrader 4 platform and SASA | Pro for desktop and mobile trading.
Q: Is SASA Capital regulated？
A: Yes, SASA Capital is licensed and regulated by the SCMN.
Q: How can I contact SASA Capital's customer support？
A: You can contact SASA Capital's customer support via their phone number at +38267085514 or via email at info@sasacapital.com.
2024-06-21 17:38
2024-03-13 17:36
