SiiFX

Basic Information & Regulation

SiiFX claims to be a UK-based Forex and CFD broker that is not currently subject to any effective regulation.

Safety Analysis of SiiFX

The primary criterion for the safety of a forex brokerage platform is whether it is formally regulated. siiFX is currently an unregulated broker, which means that investors' funds cannot be compensated and protected in the event that the broker illegally misappropriates customer funds or faces bankruptcy.

Market Instruments

SiiFX offers investors access to over 30 currency pairs, as well as a wide range of CFD products in commodities, gold, silver, stocks, indices, and bitcoin.

Accounts & Leverage of SiiFX

SiiFX offers investors five different types of trading accounts: Standard (minimum deposit of $10), Trader Pro (minimum deposit of $5,000), Gold (minimum deposit of $10,000), VIP (minimum deposit of $20,000), and VVIP (minimum deposit of $50,000). The maximum trading leverage is up to 1:500 for Trader Pro and Gold accounts and 1:100 for the last three accounts.

Spreads & Commissions of SiiFX

SiiFX standard accounts display a spread of 2.5 pips on the EURUSD, which is higher than the industry standard. 1.5 pips on the EURUSD for SiiFX Trader Pro accounts and 1 pip on the EURUSD for Gold accounts. VIP accounts and VVIP accounts both feature a trading model of spread + commission.

Trading Platforms Available of SiiFX

SiiFX offers traders the remarkable MT4 trading platform, the most popular forex trading platform on the market today, chosen by 80% of traders worldwide. With powerful charting tools, nearly 100 definable market indicators, support for EA, and automated trading, the MT4 trading platform is a winning formula for traders to get ahead in the financial markets.

Deposit and Withdrawal of SiiFX

SiiFX supports traders to deposit and withdraw funds to and from their investment accounts through a range of convenient methods such as credit/debit cards, wire transfers, and Neteller, Skrill, Payza, MegaTransfer, UnionPay, and cryptocurrency.

Pros & Cons of SiiFX

The main advantages of SiiFX are：

1. Richness of trading assets

2. Five accounts types available

3. MT4 trading platform

The main disadvantages of SiiFX are:

1. Unregulated

2. High minimum deposit requirements

3. High spreads and non-transparent fees