Score

1.45 /10
Danger

Silicontradings

Cayman Islands

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.54

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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! 4
Previous Detection : 2024-09-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The Cayman IslandsCIMA regulation (license number: 1383491) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Silicontradings · Company summary

General Information & Regulation

Silicontradings was founded in 2009. Silicontradings are not subject to any regulation at this stage.

Market Instruments

Silicontradings offers investors over 180 financial trading instruments, including Forex currency pairs, indices, commodities, and stock CFDs.

Minimum Deposit

To meet the investment needs and trading experience of different investors, Silicontradings offers three different types of trading accounts: Standard (minimum initial deposit of $200), Raw ECN (minimum initial deposit of $500), and Pro ECN (minimum initial deposit of $20,000).

Leverage

When it comes to trading leverage, the maximum trading leverage offered by Silicontradings is up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The spreads on Silicontradings standard accounts start at 1.4 pips on Forex without commissions. The spreads on the Raw ECN account start at 0 pips, and the commission is $3 per lot per side. Pro ECN accounts have spreads starting at 0 pips and commissions of $2 per lot. Additionally, Silicontradings offers Islamic accounts and demo accounts for traders.

Trading Platforms

Silicontradings offers traders the market-leading and highly acclaimed MT4 & MT5 trading platforms. MT4 & MT5 applications are convenient, reliable, and compatible with Android and iOs devices, making them ideal for both novice and experienced traders. All Silicontradings clients can experience the same trading features on their mobile devices as on the desktop version of the trading platform, such as one-click trading, multiple order types, instant access to over 300 tradable assets, and more.

Deposit & Withdrawal

Silicontradings supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MasterCard, wire transfer, Skrill, Neteller, China UnionPay payment methods.

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