SaracenMarkets
Abstract：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.
| 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!
Read more
ALERT! Morfin FX - The Scammer is Operating without a License
Morfin FX indeed has a nice trading software by which you can trade. But is it a safe bet? Does it carry any license? Can you withdraw money from it? Read our review of this forex broker.
ZFX: A Closer Look at Its Licences
In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about ZFX and its licenses.
XChief Offers $100 No-Deposit Bonus for New Verified Clients
XChief has launched a no-deposit bonus promotion that provides new clients with a $100 trading bonus without requiring an initial deposit. The promotion is intended to allow users to test the platform’s services and trading conditions before committing their own funds.
Interactive Brokers Adds Global and US Funds to Mutual Fund Marketplace
Interactive Brokers expands its Mutual Fund Marketplace with new global and US fund families, now offering over 43,500 funds and zero custody fees worldwide.
WikiFX Broker
Latest News
Why Your Stop Loss Keeps Getting Hit & How to Fix It
WikiFXZFX: A Closer Look at Its Licences
WikiFXXM Rolls Out New Forex Trading Competition Platform for 2025
WikiFXShould you buy or sell US dollars in the next three to six months?
WikiFXTradehall Broker Review 2025: Read Before Trade
WikiFXInside MBI: The Billion-Dollar Ponzi Scheme That Shook Malaysia
WikiFXIronFX Review 2025: Is This Broker Trustworthy or a Scam?
WikiFXExclusive Markets MT4 and MT5 Review 2025
WikiFXWikiFX “Elite Night · Bogotá” Concludes Successfully
WikiFXIs Copy Trading of AMarkets a Good One?
WikiFXRate Calc
