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No Regulation
Score
1.47 /10
Danger
SixTrading
2-5 yearsSuspicious Regulatory License
Self-developed
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.00
Risk Management Index0.00
Software Index4.58
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: SixTrading's official website: https://www.sixtrading.net is currently inaccessible normally.
| SixTrading Review Summary | |
| Founded | 2022 |
| Registered Country/Region | China |
| Regulation | No Regulation |
| Market Instruments | / |
| Demo Account | ❌ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 3 pips |
| Trading Platforms | A “state-of-the-art” web-based platform |
| MinDeposit | €250 |
| Customer Support | / |
SixTrading is an unregulated brokerage platform based in China. There is limited information about its trading assets on the internet. It offer uncompetitive trading conditions with a web-based platform.
Pros and Cons
| Pros | Cons |
| None | Non-functional website |
| Lack of transparency | |
| MT4/MT5 platform unavailable | |
| No regulation | |
| No demo accounts | |
| Wide spreads | |
| High minimum deposit | |
| No contact channel |
Is SixTrading Legit?
At present, SixTrading lacks valid regulation. Its domain was registered on June 16, 2022, and the current status is “client Transfer Prohibited”. We advise you to look for other regulated brokers.
Account Type
SixTrading requires a minimum deposit of €250 to open an account. This is considered rather high considering that many licensed brokers would open an account for just $10 or sometimes even as little as $1.
Leverage
The leverage offered is up to 1:200,a ratio that is not overly high. However, it should be noted that higher leverage also leads to a significantly increased risk exposure. Trading with leverage higher than 1:100 is only recommended for those who possess some experience in the forex market.
Spread and Commission
The broker has mentioned that its spread on EUR/USD pair is around 3 pips on average. However, many brokers would offer far better spreads, usually around 1.5 pips on EUR/USD or lower.
Trading Platform
SixTrading appears to offer a “state-of-the-art” web-based trading platform. However, it cannot be accessed at present. Consequently, we are unable to describe what this platform is like.
Deposit and Withdrawal
SixTrading claims to accept bank cards, wires, and OKPay.
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