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Silom International

WikiFX | 2024-11-29 17:54

Abstract:Set in Hong Kong, Silom is a brand-new formed corporation Among the several trading tools it offers are FX, commodities, indexes, and cryptocurrency. Together with minimal spreads beginning at 0 pip, they support MT4 platforms and provide competitive leverage up to 1:200. Users may test trading with a demo account.

Silom International Review Summary
Founded2024
Registered Country/RegionHongKong
RegulationUnregulated
Market InstrumentsForex, Commodities, Indices, Shares (CFDs), Cryptocurrencies
Demo AccountAvailable
LeverageUp to 1:200
SpreadFrom 2.2 pips
Trading PlatformMT4(Web and Mobile)
Min Deposit$10
Customer SupportPhone: +60 82360563
Email: cs@silomcfd.com
24/7 Online Chat: Not mentioned
Physical Address: 2nd Floor of Private Lot No.7, Kuching, Sarawak, Malaysia

Silom Information

Set in Hong Kong, Silom is a brand-new formed corporation Among the several trading tools it offers are FX, commodities, indexes, and cryptocurrency. Together with minimal spreads beginning at 0 pip, they support MT4 platforms and provide competitive leverage up to 1:200. Users may test trading with a demo account.

Silom Information

Pros and Cons

ProsCons
Offers over 12,000 products for tradingUnregulated
Competitive spreads starting from 2.2 pipsNo 24/7 customer support
Provides a demo account

Is Silom Legit?

Silom International Limited is unregulated.

Is Silom Legit?

What Can I Trade on Silom?

Silom mainly provides CFD trading. It offers over 12,000 particular products, including 60 Forex pairs, CFDs on commodities, precious metals, and energy, 150 equities, main stock indexes, and 10 cryptocurrencies.

InstrumentDetailsSupported
Forex60 currency pairs available, 24/5 trading✔
CommoditiesCFDs on various commodities including oil, natural gas, etc.✔
IndicesTrade major international stock indices with no requotes and hidden fees✔
Shares (CFDs)150 popular stocks available for long/short, with dividends on long positions✔
Cryptocurrencies10 cryptocurrencies, including Bitcoin and Ethereum✔
Precious MetalsCFDs on gold, silver, platinum, copper, and other precious metals✔
EnergiesCFDs on spot energy, such as Brent Crude and US Crude oil✔
What Can I Trade on Silom?

Account Types

Silom offers three types of live trading accounts: Standard, Advanced, and Institutional.

Account TypeStandard AccountAdvanced AccountInstitutional Account
Min Deposit$10$50$10,000
Max Leverage1:2001:2001:100
SpreadFrom 2.2 pipsFrom 1.5 pipsFrom 0 pips
Processing Fees$0$3 per side$1.5 per side
Min Trade Size0.01 lots0.01 lots0.01 lots
Other FeaturesSuitable for most tradersSuitable for experienced tradersFor institutional investors, advanced features
Account Types

Leverage

The leverage of Silom international is up to 1:200. It offers 1:200 leverage in standard account and premium account, but offers 1:100 leverage in institutional account.

Silom Fees

While higher-tier accounts have tighter spreads, Silom offers the spreads of standard account starts from 0 pips. The processing fee ranges from 0 to $3.

Account TypesSpreadProcessing Fees
Standard AccountFrom 2.2 pips$0
Advanced AccountFrom 1.5 pips$3 per side
Institutional AccountFrom 0 pips$1.5 per side

Trading Platform

Silom supports MT4 platforms, available for mobile, desktop, and web trading.

Trading PlatformSupported
MT4✔
MetaTrader Web✔
MetaTrader Mobile✔
MT5❌
Trading Platform

Deposit and Withdrawal

Silom does not charge any fees for deposits or withdrawals. Also, it doesn't mention the payment methods. The minimum deposit for it is $10.

Deposit and Withdrawal

LeverageFutureVolumeMargin

Related broker

No Regulation
Silom
Company name:Silom International Ltd
Score
2.00
2-5 years | Suspicious Regulatory License | MT4 Full License | Regional Brokers
Score
2.00

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