Overview of Silom International
Silom International Ltd, established within the past two years, operates from its headquarters in Tortola, BVI, and is regulated. The brokerage offers a range of tradable assets including forex, stocks, and cryptocurrencies across multiple account types with varying leverage options. Clients benefit from commission-free trading with spreads starting at 1.5 pips, facilitated through the widely used MT4 and MT5 platforms. The firm provides extensive customer support via email around the clock and enriches client experience with daily market analyses and financial calendars.
Regulation
Silom International holds a license issued by the National Futures Association (NFA) with License No. 0564848.
Pros & Cons
Silom International offers a diverse array of tradable assets including forex, stocks, indices, metals, energy, and cryptocurrencies, meeting a wide range of trading preferences. On a positive note, the broker allows trading without a minimum deposit requirement, which can be advantageous for new or cautious traders. However, the limited availability of payment methods might inconvenience some clients. High leverage options up to 1:200 offer flexibility but also increase potential trading risks. The minimum spread starting from 1.5 pips may be considered relatively high, potentially impacting trading costs. Potential clients should weigh these factors carefully when considering Silom International as a trading platform.
Market Instruments
Silom International offers a comprehensive selection of market instruments, encompassing foreign exchange (forex), stocks, stock indices, precious metals, energy commodities, and cryptocurrencies. This broad spectrum of instruments provides traders with ample opportunities to diversify their portfolios and capitalize on market movements across global financial markets. Whether trading traditional assets like stocks and forex pairs or exploring emerging opportunities in cryptocurrencies and commodities, Silom International caters to both novice and experienced traders seeking versatility and potential profitability in their investments.
Account Types
Silom International offers 3 account types:Standard, Advanced, and Institutional accounts. The Standard account is designed for individual retail traders, offering leverage up to 1:200 and competitive spreads starting from 1.5 pips. The Advanced account maintains similar features but may cater to traders requiring higher leverage and more sophisticated trading strategies. For institutional clients, the Institutional account provides leverage up to 1:100, potentially catering to larger trade volumes and institutional trading needs. Each account type at Silom International aims to provide flexibility and tailored trading conditions to meet the diverse requirements of its clientele, from individual investors to institutional entities.
How to open an account
Click “Register Now”: Visit the Silom International website and click on the “Register Now” button prominently displayed on the homepage.
Provide Personal Information: Enter your region or country, phone number, email address, and the verification code sent to your email for security purposes.
Set Password: Create a secure password for your account. Ensure it meets the specified criteria for complexity and length.
Submit Registration: Review the information provided, agree to the terms and conditions, and submit your registration. Upon successful verification and account creation, you'll gain access to begin trading on Silom International's platform.
Leverage
Silom International offers varying levels of leverage. The Standard and Advanced accounts provide leverage up to 1:200, allowing traders to amplify their market exposure relative to their initial margin. This higher leverage can potentially enhance profit potential but also entails increased risk. For institutional clients, the Institutional account offers leverage up to 1:100, providing flexibility for larger trade volumes while maintaining risk management considerations.
Spreads & Commissions
Silom International offers competitive spreads starting from 1.5 pips across its range of trading instruments. These spreads represent the difference between the buying (ask) and selling (bid) prices of assets, influencing the cost of trading for clients. The minimum spread of 1.5 pips ensures transparency and affordability, benefiting traders by potentially reducing trading costs compared to higher spread environments. Importantly, Silom International operates on a commission-free basis, meaning clients do not incur additional charges beyond the spread when executing trades.
Trading Platform
Silom International provides traders with access to two of the most widely recognized and trusted trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their robust features, user-friendly interfaces, and extensive analytical tools that cater to both novice and experienced traders alike. MT4 and MT5 support a wide range of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies, empowering traders to execute trades efficiently and make informed decisions using advanced charting capabilities and automated trading strategies.
Deposit & Withdrawal
Silom International facilitates ease of entry for investors with a minimum deposit requirement of just US $0.
Customer Support
Clients can contact this broker through the following contact channels:
EMAIL: support@silomcfd.com
Time: 24-Hour Customer Service 7 Days A Week
Address:Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, BVI
Trading Hours
Silom International facilitates round-the-clock trading capabilities, operating 24 hours a day, 7 days a week. This continuous availability allows traders to engage in global financial markets without constraints imposed by traditional trading hours. Whether accessing the markets during major sessions in Europe, Asia, or the Americas, Silom International ensures that clients have the flexibility to trade at their convenience across various time zones.
Conclusion
Silom International presents itself as a versatile brokerage offering a diverse range of tradable assets including forex, stocks, indices, commodities, and cryptocurrencies. With competitive spreads starting from 1.5 pips, commission-free trading, and leverage options up to 1:200 for retail accounts, the platform caters to both individual and institutional traders seeking flexible and cost-effective trading solutions. Supported by the industry-leading MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, Silom International ensures robust trading capabilities across various devices, complemented by 24/7 market access and responsive customer support.
FAQs
- Is Silom International regulated by any financial authority？
No, Silom International is not regulated by any financial authority. This lack of regulation means that clients may not benefit from the investor protections and oversight typically provided by regulatory bodies.
- What are the trading platforms offered by Silom International？
Silom International provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two widely acclaimed platforms known for their advanced charting tools, automated trading capabilities, and user-friendly interfaces. These platforms support trading across various asset classes including forex, stocks, commodities, and cryptocurrencies.
- What are the minimum deposit requirements to open an account with Silom International？
Silom International does not impose a minimum deposit requirement, allowing traders to start trading with no initial funding obligations. This flexibility is advantageous for new traders or those seeking to test the platform before committing larger sums.
Comments
Silom International appears to be a promising but relatively new entrant in the financial trading sector, established within the past 1-2 years. Operating from the British Virgin Islands without regulatory oversight, it offers a range of tradable assets and competitive leverage options across its account types. Potential clients should consider the lack of regulation when assessing the risks associated with trading through this platform.
Risk Warning
Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.
2024-07-22 11:29
