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Score

1.46 /10
Danger

SalmaMarkets

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.salmamarket.asia

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Score

Regulatory Index0.00

Business Index6.60

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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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

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40G

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Broker Information

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Company Name

Salma Markets (SV) LLC.

Company Abbreviation

SalmaMarkets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

SalmaMarkets · Company summary
SalmaMarketsReview Summary
Founded2024-01-06
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex/Commodities/Metals/Crypto/Indices
Demo Account✅
LeverageUp to 1:1000
SpreadAs low as 0.8 pips(on forex)
Trading PlatformMT4(PC(Windows)/MAC/Tablet/Mobile(IOS/Android))
Min Deposit1USD
Customer SupportEmail: support@salmamarkets.com
Facebook/Instagram/YouTube
Telegram/WhatsApp
Online chat

SalmaMarkets Information

SalmaMarkets is a newly established forex broker registered in Saint Vincent and the Grenadines. The tradable instruments with a maximum leverage of 1:1000 include forex, commodities, metals, crypto, and indices. The broker only provides STP accounts. The minimum deposit is 1 USD. SalmaMarkets is still risky due to its unregulated status and high leverage.

SalmaMarkets Information

Pros and Cons

Pros Cons
Leverage up to 1:1000Unregulated
MT4 availableNo 24/7 customer support
Swap freeComplaints about high withdrawal fees
24/5 customer support
Commission free
Demo account available
Various tradable instruments

Is SalmaMarkets Legit?

SalmaMarkets is not regulated, making it less safe than regulated brokers.

Is SalmaMarkets Legit?
Is SalmaMarkets Legit?

What Can I Trade on SalmaMarkets?

SalmaMarkets offers a wide range of market instruments, including forex, commodities, metals, crypto, and indices.

Tradable Instruments Supported
Forex✔
Commodities✔
Metals✔
Crypto✔
Indices✔
Stocks❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on SalmaMarkets?

Account Type

SalmaMarkets only provides an account type: STP. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type STP
Minimum Deposit1 USD
Maximum DepositUnlimited
SwapNo/Free
Stop Out30%
Margin Call50%
LeverageUp to 1:1000
Minimum Trade Size0.01

SalmaMarkets Fees

The minimum spread is as low as 0.8 pips on forex markets. The commission is free and the no swap.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

SalmaMarkets cooperates with the authoritative MT4 trading platform available on PC(Windows), MAC, tablet, and mobile(IOS/Android) to trade. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4✔PC(Windows)/MAC/Tablet/Mobile(IOS/Android)Junior traders
Trading Platform

Deposit and Withdrawal

The minimum deposit is 1 USD. However, transfer processing times, methods, and associated fees are unknown.

Bonus

Rebate bonus up to 50%.

News

NewsInflation in Tokyo Slows Down in May, Still Must Set Forex Exchange Rates

On Friday, Japan's Finance Minister, Shunichi Suzuki, said that the market should set currency exchange rates according to economic fundamentals. He made this statement after the Yen fell to its lowest level in six months against the dollar.

WikiFX
2023-05-30 18:28
Inflation in Tokyo Slows Down in May, Still Must Set Forex Exchange Rates

NewsG7 Finance Chiefs Meet & Address Global Economic Uncertainty

Finance leaders of the Group of Seven nations warned of heightening global economic uncertainty on Saturday as they wrapped up a three-day meeting overshadowed by a US debt ceiling stalemate and the fallout from Russia's invasion of Ukraine.

WikiFX
2023-05-18 15:45
G7 Finance Chiefs Meet & Address Global Economic Uncertainty

NewsDollar Steady After Fed Indicate Interest Rate Hike by 0.25%

Fed approves 0.25% hike, softening rate increases again. The Fed has raised interest rates to cut prices but the move risks a recession.

WikiFX
2023-04-25 14:09
Dollar Steady After Fed Indicate Interest Rate Hike by 0.25%

NewsUK Economy to Avoid Recession While Shrink 0.2% This Year

The UK economy is set to contract this year yet avoid a technical recession due to the changing global developments and support measures taken by the government, Chancellor Jeremy Hunt said in his budget speech on Wednesday.

WikiFX
2023-03-21 11:31
UK Economy to Avoid Recession While Shrink 0.2% This Year
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Comments

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ginksenk
more than one year
The best benefit about this broker for me is that they support Neteller and Skrill deposits and withdrawals. Of course, the biggest drawback is also here, with a 2% fee of up to $30 for deposits through Neteller and 0.2% and a minimum of $30 for withdrawals through Skrill. That's just too high. This means that you have to pay high fees for every withdrawal. Unless you withdraw money by another method, there is no charge.
The best benefit about this broker for me is that they support Neteller and Skrill deposits and withdrawals. Of course, the biggest drawback is also here, with a 2% fee of up to $30 for deposits through Neteller and 0.2% and a minimum of $30 for withdrawals through Skrill. That's just too high. This means that you have to pay high fees for every withdrawal. Unless you withdraw money by another method, there is no charge.
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2022-11-30 17:55
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小水人
more than one year
It seems like an excellent broker, rich trading assets, no minimum deposit, leverage up to 1:1000… I opened a demo account with this broker several days ago, so far so good. And I decided to open a live account, making a deposit of $100 to trade currency pairs… Let’s see what this broker will give me😀By the way, their customer support is also good…
It seems like an excellent broker, rich trading assets, no minimum deposit, leverage up to 1:1000… I opened a demo account with this broker several days ago, so far so good. And I decided to open a live account, making a deposit of $100 to trade currency pairs… Let’s see what this broker will give me😀By the way, their customer support is also good…
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2022-11-30 12:31
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2