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SP Market24 -

Score

1.48 /10
Danger

SP Market24

Marshall Islands

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://spmarket24.com

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.75

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Broker Information

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Company Name

SP Market24

Company Abbreviation

SP Market24

Platform registered country and region

Marshall Islands

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
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SP Market24 · Company summary

Note: SP Market24's official website - https://spmarket24.com/ is currently inaccessible normally.

SP Market24 Review Summary
Founded/
Registered Country/RegionMarshall Islands
RegulationNot regulated
Market InstrumentsIndices, commodities, stocks and crude oil
Demo Account/
LeverageUp to 1:50
SpreadFrom 0.3 pips
Trading PlatformSirix, MetaTrader 4
Min Deposit$250
Customer SupportTel: +41 626 746 727
Email: support@spmarket24.com

SP Market24 is an offshore broker registered in Marshall Islands, providing trading in indices, commodities, stocks and crude oil on the Sirix and MetaTrader 4 platform. Its spread is 0.3 pips and leverage is up to 1:200. However, its minimum deposit is as high as $250 and it is not regulated.

Pros and Cons

Pros Cons
Diverse trading assetsUnavailable website
Multiple account typesNot regulated
Popular trading platform - MT4Conservative leverage
Popular payment optionsHigh minimum deposit

Is SP Market24 Legit?

No, SP Market24 operates without regulation. Please be aware of the risk!

No license

What Can I Trade on SP Market24?

Tradable Instruments Supported
Indices✔
Commodities ✔
Stocks ✔
Crude oil✔
Forex❌
Cryptocurrencies❌
Bonds❌
Options ❌
ETFs❌

Account Type

Spmarket24 offers 4 trading accounts – Mini, Bronze, Silver and Gold.

Account TypeMin DepositMax Deposit
Mini$250/
Bronze$5,001$10,000
Silver$10,001$15,000
Gold$15,001+Unlimited

Leverage

Spmarket24's leverage is up to 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Sirix ✔WebExperienced traders
MT4✔Web, Desktop, MobileBeginners
MT5❌/Experienced traders

Deposit and Withdrawal

SP Market24 supports deposit and withdrawal via credit cards, bank wire, Skrill and Neteller.

User Reviews

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Comments

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贷款理财～刘航
more than one year
I was interested in opening a mini account with SP Market24, but the minimum deposit of $250 is too high for me. I think it's not very user-friendly for beginners like me who are just starting to dip their toes into trading. I would appreciate it if they could consider lowering the amount required to open a mini account in the future.
I was interested in opening a mini account with SP Market24, but the minimum deposit of $250 is too high for me. I think it's not very user-friendly for beginners like me who are just starting to dip their toes into trading. I would appreciate it if they could consider lowering the amount required to open a mini account in the future.
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2023-03-23 11:08
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洪荒少女~65812
more than one year
So short period of time, SP Markets has been shut down, which I didn’t expect that. I used to have a pretty good trading experience on this platform, and a guy named Robert was very helpful.
So short period of time, SP Markets has been shut down, which I didn’t expect that. I used to have a pretty good trading experience on this platform, and a guy named Robert was very helpful.
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2023-02-24 16:07
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