SGT Markets Review
Founded in 2006, SGT Markets is a licensed and regulated forex and CFD broker that provides trading solutions for both institutional and retail traders using a variety of trading technologies. There are multiple account options, and the least deposit required to operate an account is $500.
Pros / Cons
- Multiple financial instruments
- Intuitive & flexible MetaTrader 4 platforms
- A range of useful trading & learning tools
- Multiple account & funding options
- Offshore broker
- Minimum $500 deposit
- Not the lowest spreads
- No USA clients
- No MetaTrader 5 platforms
In this detailed SGT Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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SGT Markets Overview
SGT Markets is a regulated online trading broker that allows clients to trade over 100 financial instruments, such as forex, metals, energy, stocks, indices, and commodities, via the intuitive MT4 trading platform. Traders are also provided with a range of trading and learning tools, as well as a professional customer support team. They have spread from 0.0 pips and leverage of up to 1:400.
SGT Markets Regulation
SGT Markets is the brand name of Sterling Gent Trading Ltd. Which is authorized and regulated by the Financial Services Commission of the British Virgin Islands under the Securities and Investment Business Act, 2010. License Number: SIBA/L/11/0987.
SGT Markets Countries
The services and products offered by Sterling Gent Trading Ltd. (SGT) are not being offered within the United States of America and are not being offered to U.S. citizens, as defined under U.S. law.
Some SGT Markets features and products mentioned within this SGT Markets review may not be available to traders from certain countries because of legal restrictions.
SGT Markets Platforms
SGT Markets provides multiple trading platforms including MetaTrader 4, one of the most popular Forex trading platforms, seen by many as the industry standard. The broker makes the platform available for mobile devices, such as iPhone, iPad, and Android devices.
There is also the MAM/PAMM trading platform for managing multiple clients’ accounts simultaneously and seamlessly distributing equity and trades across multiple accounts.
SGT Markets Trading Tools
SGT Markets provides traders with a range of useful trading tools that are geared at enhancing their overall trading experience. They include Fix API, FX Asset Management, VPS Solutions, MyFXBook integration, and more.
SGT Markets Education
There is a good selection of educational resources on the broker’s website. They include market news, videos, articles, FAQ section, and more.
SGT Markets Instruments
The following trading products are available at SGT Markets: forex, metals, energy, stocks, indices, and commodities.
SGT Markets Accounts & Fees
The broker offers multiple account options to meet the individual trading needs of clients. They include the Direct Account and Prime Account with minimum required deposits of $500 and $1,000 respectively. Swap-free, Sharia-compliant accounts are available upon request. There is also the demo account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this SGT Markets review. It is imperative to ensure that you check and understand all of the latest information before you open an SGT Markets broker account for online trading.
SGT Markets Support
SGT Markets provides traders with a knowledgeable client support team to respond promptly to clients’ needs. They can be contacted via telephone, email, Live Chat, and social media.
SGT Markets Deposit & Withdrawal
The following payment methods are available at SGT Markets:
- Bank transfer
- Credit/Debit cards
- Online payment processors, such as Neteller, Skrill, FasaPay, Perfect Money.
SGT Markets Account Opening
Account opening is straightforward, click on the ‘Create Account’ button and choose your desired account category: Individual or Corporate account. Proceed to fill out the form accurately and then submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
SGT Markets Summary
Operating from Bermuda, SGT Markets is an online trading broker that provides traders with the MT4 trading platform to trade several financial assets. They have multiple account options with a required minimum deposit of $500 and leverage of up to 1:400. Traders are provided with a range of useful trading and learning tools.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.