SIMARKETS

SIMARKETS | 2022-09-05 18:23

Abstract：SIMARKETS is allegedly a suspicious regulated forex broker registered in China that claims to provide its clients with various tradable financial instruments with variable spreads on the MetaTrader4, MT4 on iOS and MT4 on Android trading platforms, as well as 24-hour customer support service.

General Information & Regulation

SIMARKETS is allegedly a suspicious regulated forex broker registered in China that claims to provide its clients with various tradable financial instruments with variable spreads on the MetaTrader4, MT4 on iOS and MT4 on Android trading platforms, as well as 24-hour customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that SIMARKETS does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.29/10. Please be aware of the risk.

Market Instruments

SIMARKETS advertises that it offers access to a wide range of trading instruments in financial markets, covering three trading assets, forex, equities and ETFs. Specifically, major currency crosses (e.g. EUR/USD, GBP/USD etc.), commodities (precious metals like gold and silver, energy products such as crude oil or even agricultural commodities such as coffee, cocoa, rubber etc.) and stock markets (futures on stock indices or on individual stocks) are all said to be tradable financial instruments.

Account Types

SIMARKETS claims to offer demo and live accounts, yet it says nothing about the minimum initial deposit amount.

Spreads

SIMARKETS claims that different trading assets have quite different spreads. For example, the EUR/USD spread was floating around 24 while we wrote this introduction. Spreads on other forex currency pairs can be found in the below screenshot.

Trading Platform Available

Platforms available for trading at SIMARKETS are MetaTrader4, MT4 on iOS and MT4 on Android. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

From the logos shown at the foot of the home page on SIMARKETSs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Apple Pay, China UnionPay, Discover, Diners Club International, American Express and SAMAUNG pay.

Customer Support

SIMARKETS‘ customer support can be reached by email: info@simarkets.com, send messages online to get in touch or request a callback. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Broker Currency Pair Dealer Forex trading Forex Broker Forex Currency pair forex pips forex market Stock Future

Related broker

No Regulation

SIMARKETS

Company name：SIMARKETS

Score

1.47

Website：https://simarkets.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.47

Forex BackTesting: Pros and Cons | Best Free Backtesting Software to Explore

Imagine you're driving from New York City to Philadelphia and want to know if your route is optimal, then you take two steps: Firstly, you gather the traffic records in the past five years, including traffic patterns, historic weather conditions, and holiday congestion records. Second, you run simulations of your proposed road to see if it is most efficient and fuel-saving before an actual trip.

Science Popularization 2025-03-13 12:01

Olymp Trade Review 2025: Is It Safe to Trade With？

Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.

Science Popularization 2025-03-12 15:39

What Impact on the Forex Market as Former Philippine President Rodrigo Duterte is Arrested.

The sudden arrest of former Philippine President Rodrigo Duterte on an International Criminal Court (ICC) warrant has sent shockwaves through global markets and regional investors alike. While Duterte’s arrest is being hailed by human rights groups as a decisive step toward accountability for his controversial “war on drugs,” it also raises significant questions about factors that can strongly influence the forex market.

Original 2025-03-12 14:47

How Can Fintech Help You Make Money?

Fintech – short for financial technology – is rapidly transforming the way people manage, invest, and even earn money. In this article, we’ll explore various ways fintech can help you make money, from smarter investing to launching a side hustle, while also reducing costs and boosting your financial health.

Original 2025-03-12 14:42