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No Regulation
Score
1.90 /10
Danger
Salma Markets
2-5 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.63
Risk Management Index0.00
Software Index6.91
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
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Warning: Low score, please stay away!
Previous Detection :
2024-09-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Salma Markets was founded by Salma Markets (SV) LLC in 2014. It provides multiple trading assets, including Forex, Metals, Indices, Commodities and Cryptos. Its high leverage is up to 1:3000, which is competitive in the market. However, it is not regulated and supervised by any regulations.
Pros and Cons
| Pros | Cons |
| High leverage up to 1:3000 | Not regulated |
| Rebate Bonus up to 50% | Limited account types |
| Various trading assets | Lack of transparency |
| Popular trading platform MT4 | |
| Low minimum deposit $1 | |
| 24/5 customer support |
Is Salma Markets Legit?
Salma Markets is not regulated by any financial institutions, even the local authority Financial Services Authority (FSA). It appears that Salma Market does not need to disclose its information and accept supervision.
What Can I Trade on Salma Markets?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| ETFs | ❌ |
| Options | ❌ |
Account Type
STP account is the only account provided by Salma Markets. The minimum deposit requirement is only 1 USD. It also offers demo accounts that traders can practise their investments.
Leverage
The leverage of Salma Markets varies with different balance values. The maximum leverage is up to 1:3000. Traders should be prudential to their trading. High leverage comes with high profits. However, there are also high losses accompanying.
Fees
Salma Markets offers free SWAP and commission, which is competitive in the market.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, Android, IOS | Beginners |
Deposit and Withdrawal
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| BCA / Mandiri/ BNI/ BRI/ OCBC/ CIMB | $1 | ❌ | Instant |
| FASAPAY / NETELLER | $50 | ||
| WIRE TRANSFER | $100 | 1 – 5 business days | |
| RHB BANK/ MAYBANK/ PUBLIC BANK / HONG LEONG | $10 | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| BCA / Mandiri/ BNI/ BRI/ OCBC/ CIMB | $5 | ❌ | 1-2 hours during financial department business hours (max 48 hours) |
| RHB BANK/ MAYBANK/ PUBLIC BANK / HONG LEONG | $15 | ||
| FASAPAY | $50 | ||
| NETELLER | 2% (min $1, max $30) | ||
| WIRE TRANSFER | $100 | 0.2% (min $30) | 1 – 5 business days |
Customer Service
| Contact Options | Details |
| Phone | +44 7389 102555 |
| support@salmamarkets.com | |
| Support Ticket System | ❌ |
| Online Chat | 24/5 |
| Social Media | Facebook, Instagram, YouTube |
| Supported Language | English, Bahasa Indonesia and Tiếng Việt |
| Website Language | English, Bahasa Indonesia and Tiếng Việt |
| Physical Address | Jl. smpn 1 cileunyi Komplek haruman asri no.AA4 Cileunyi Bandung Jawa Barat 40621 Indonesia |
The Bottom Line
To sum up, Salma Markets is not worth trading. Its leverage is much higher than the other brokers. It seems like a scam. Besides, it only offers a single account type. And the absence of regulation can bring many potential risks for traders. Traders should be cautious when they choose a broker.
FAQs
Is Salma Markets safe?
No, its very dangerous for trading because it lacks valid regulation.
Is Salma Markets a good for beginners?
No, safety comes first for beginners. Salma Markets is not regulated.
What kind of trading platform does Invest-River offer?
The most popular trading platform MT4.
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