Salma Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-30 18:30

Abstract：Salma Markets was founded by Salma Markets (SV) LLC in 2014. It provides multiple trading assets, including Forex, Metals, Indices, Commodities and Cryptos. Its high leverage is up to 1:3000, which is competitive in the market. However, it is not regulated and supervised by any regulations.

　　Salma Markets was founded by Salma Markets (SV) LLC in 2014. It provides multiple trading assets, including Forex, Metals, Indices, Commodities and Cryptos. Its high leverage is up to 1:3000, which is competitive in the market. However, it is not regulated and supervised by any regulations.

Pros and Cons

Pros	Cons
High leverage up to 1:3000	Not regulated
Rebate Bonus up to 50%	Limited account types
Various trading assets	Lack of transparency
Popular trading platform MT4
Low minimum deposit $1
24/5 customer support

Is Salma Markets Legit?

　　Salma Markets is not regulated by any financial institutions, even the local authority Financial Services Authority (FSA). It appears that Salma Market does not need to disclose its information and accept supervision.

What Can I Trade on Salma Markets?

Tradable Instruments	Supported
Forex	✔
Metals	✔
Indices	✔
Commodities	✔
Cryptos	✔
ETFs	❌
Options	❌

Account Type

　　STP account is the only account provided by Salma Markets. The minimum deposit requirement is only 1 USD. It also offers demo accounts that traders can practise their investments.

Leverage

　　The leverage of Salma Markets varies with different balance values. The maximum leverage is up to 1:3000. Traders should be prudential to their trading. High leverage comes with high profits. However, there are also high losses accompanying.

Fees

　　Salma Markets offers free SWAP and commission, which is competitive in the market.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Windows, Android, IOS	Beginners

Deposit and Withdrawal

Deposit Options

Deposit Options	Min. Deposit	Fees	Processing Time
BCA / Mandiri/ BNI/ BRI/ OCBC/ CIMB	$1	❌	Instant
FASAPAY / NETELLER	$50		Instant
WIRE TRANSFER	$100		1 – 5 business days
RHB BANK/ MAYBANK/ PUBLIC BANK / HONG LEONG	$10		Instant

Withdrawal Options

Withdrawal Options	Min. Withdrawal	Fees	Processing Time
BCA / Mandiri/ BNI/ BRI/ OCBC/ CIMB	$5	❌	1-2 hours during financial department business hours (max 48 hours)
RHB BANK/ MAYBANK/ PUBLIC BANK / HONG LEONG	$15
FASAPAY	$50
NETELLER	$50	2% (min $1, max $30)
WIRE TRANSFER	$100	0.2% (min $30)	1 – 5 business days

Customer Service

Contact Options	Details
Phone	+44 7389 102555
Email	support@salmamarkets.com
Support Ticket System	❌
Online Chat	24/5
Social Media	Facebook, Instagram, YouTube
Supported Language	English, Bahasa Indonesia and Tiếng Việt
Website Language	English, Bahasa Indonesia and Tiếng Việt
Physical Address	Jl. smpn 1 cileunyi Komplek haruman asri no.AA4 Cileunyi Bandung Jawa Barat 40621 Indonesia

The Bottom Line

　　To sum up, Salma Markets is not worth trading. Its leverage is much higher than the other brokers. It seems like a scam. Besides, it only offers a single account type. And the absence of regulation can bring many potential risks for traders. Traders should be cautious when they choose a broker.