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SHEER MARKETS Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-07-16 15:07

Abstract：Sheer Markets, founded in 2016 and registered in Cyprus, is regulated by CySEC. It offers the MT5 trading platform and supports a range of instruments including forex, cryptocurrencies, indices, and equity CFDs. The broker provides multiple account types and a demo account, but it does not support MT4 and lacks popular e-wallet or credit card payment options.

Sheer Markets Review Summary
Founded	2016
Registered Country/Region	Cyprus
Regulation	CySEC
Market Instruments	Cash NDF CFDs, Forex, Cryptos, Equities, Indices, Commodities
Demo Account	✅
Leverage	Up to 1:30 (retail)/1:100 (professional)
Spread	From 1.2 pips (Classic account)
Trading Platform	MT5
Minimum Deposit	$/€200
Customer Support	Contact form
	Tel: +357 25861400
	Email: support@sheermarkets.com
	Address: 331, 28th October Avenue, Lido House Block 2, Unit 365, 3106, Limassol, Cyprus

Sheer Markets Information

　　Sheer Markets, founded in 2016 and registered in Cyprus, is regulated by CySEC. It offers the MT5 trading platform and supports a range of instruments including forex, cryptocurrencies, indices, and equity CFDs. The broker provides multiple account types and a demo account, but it does not support MT4 and lacks popular e-wallet or credit card payment options.

Pros and Cons

Pros	Cons
Regulated by CySEC	No support for popular e-wallets or credit card payments
Various trading instruments	Inactivity account fee charged
Demo accounts available	High minimum deposit
MT5 provided
Various account types

Is Sheer Markets Legit?

　　Sheer Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Market Maker (MM) with license number 395/20.

What Can I Trade on Sheer Markets?

　　Sheer Markets offers different types of trading instruments: cash NDF CFDs, FX and emerging market currency CFDs (FX & EMFX CFDs), cryptocurrency CFDs (Crypto CFDs), and equities, indices, and commodity CFDs (Equity, Indices & Commodity CFDs).

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Cryptos	✔
Equities	✔
Indices	✔
Commodities	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Sheer Markets offers four main account types: Sheer Classic, Sheer Classic Plus, Sheer Prime, and Sheer Prime Plus. In addition, Sheer Markets provides professional and Corporate accounts. The Professional account requires meeting specific trading experience and asset criteria, while the Corporate account requires submission of relevant company documents for opening.

Account Type	Classic	Classic Plus	Prime	Prime Plus
Minimum Deposit	$/€200	$/€2,500	$/€200	$/€2,500
Maximum Leverage (Retail)	1:30
Maximum Leverage (Professional)	1:100
Spread	From 1.2 pips	From 1.0 pips	From .0 pips
FX CFDs Commission	See fees section		From USD 4/lot/side	From USD 3.5/lot/side
NDF CFDs Commission	See fees section		From USD 5/lot/side	From USD 4.5/lot/side

Sheer Markets Fees

　　Sheer Markets fee structure is relatively high compared to the industry average. The SHEER CLASSIC and CLASSIC PLUS accounts do not charge commissions, but their spreads start from 1.2 and 1.0 pips respectively. The SHEER PRIME and PRIME PLUS accounts follow a low-spread plus commission model, with forex trades incurring a commission of $4 and $3.5 per side per lot, respectively. For stock trading, U.S. equities are charged at $0.05 per share with a minimum execution fee of $10, while European and UK stock indices are charged at 15 basis points (bps), which aligns with industry standards.

　　Regarding overnight interest, the platform provides detailed information by asset class. For example, the overnight rate for index CFDs is the one-month interbank rate plus or minus 2.5%. Swap points for forex instruments fluctuate depending on the currency pair, while the holding costs for cryptocurrencies are significantly higher, with annualized financing rates for long positions in BTCUSD and ETHUSD reaching up to 45%. Additionally, an inactivity fee of €10 per month is charged for accounts with no trading activity for six months.

Leverage

　　Sheer Markets offers different leverage ratios for retail and professional clients, based on the asset class and in line with regulatory requirements.

　　Retail Clients:

Asset Class	Maximum Leverage	Initial Margin
Major Forex Pairs (e.g., EUR/USD)	1:30	3.33%
Minor/Non-Major Forex Pairs	1:20	5%
Gold / Major Indices	1:20	5%
Other Commodities / Non-Major Indices	1:10	10%
Shares	1:5	20%
Cryptocurrencies	1:1.333	75%

　　Professional Clients:

Asset Class	Maximum Leverage	Initial Margin
Major Forex Pairs	1:100	1%
Minor Forex Pairs	1:25	4%
Commodities, Metals, Indices	1:20	5%
Shares	1:10	10%
Cryptocurrencies	1:1.333	75%

Trading Platform

　　Sheer Markets offers the MT5 trading platform.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows, macOS, Web, iOS, Android	Experienced Traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　The minimum deposit at Sheer Markets is $/€200.

　　Sheer Markets supports deposits and withdrawals via bank wire transfers, accepting EUR and USD with no additional fees. Deposits typically take 2-5 business days to process, while withdrawal requests are handled within 24 hours but may take up to 5 business days for funds to reach the bank account.