Consider trading with SD Market broker? Is sd-market.com genuine? Let’s see SD Market review to know about this forex broker.
This content promises to share helpful review to support clients/traders in making the right decision.
SD Market also known as sd-market.com is an offshore brokerage company with a lot of promises for forex traders. The broker claims its office address in London, United Kingdom. What is more, there are different account packages offered by the platform namely, Gold, Platinum and Diamond.
Further, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
See section below
Deposit and Withdrawal
SD Market Minimum Deposit:
SD Market deposit is indicated $1000 based on the account type. In contrast, the good thing about a licensed FX broker is that minimum deposit is made known to traders, and clients can start trading as low as $100 .
As for the payment methods, the broker shows us no payment options on the website. The thing about hidden deposit option is that, the forex entity only accepts e-wallets.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
SD Market leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
SD Market Platform:
SD Market platform only offers web based trading platform with no mention of MT4 or MT5 (Industry standard trading platforms). The good things about MT4 or MT5 are features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
As for SD Market leverage, it can get up to 1:20. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Why Sd-Market.com Is A Suspicious Forex Broker
First of, Sd-Market.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
To start with, the local FCA,UK does not regulate it, and the address is either fake or illegal. Again, CySEC, the IFSC, and the FSC don’t mention the broker in their online databases of licensed brokerages. Thus, the broker is definitely not regulated by either one, nor by any other entity.
In addition, the platform does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
SD Market Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
SD Market located at sd-market.com claims to be a genuine trading broker, howbeit, that cannot be verified. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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Last Updated on January 6, 2023 by Danny