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Score

2.26 /10
Danger

SEC Markets

United Arab Emirates

2-5 years

Suspicious Regulatory License

MT5 Full License

Global Business

High potential risk

https://www.sec-markets.com

Influence

C

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Comparison

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Score

Regulatory Index0.00

Business Index6.74

Risk Management Index0.00

Software Index9.21

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

SEC Markets LLC

Company Abbreviation

SEC Markets

Platform registered country and region

United Arab Emirates

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!

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SEC Markets · Company summary
SEC MarketsReview Summary
Founded2020
Registered Country/RegionUnited Arab Emirates
RegulationNo regulation
Market InstrumentsForex, Indices, Commodities, Stocks, Cryptocurrencies
Demo Account✅
LeverageUp to 1:500
Spread0.0 pips (bronze account)
Trading PlatformMT5
Min Deposit$100
Customer SupportPhone: +44 2037699370; +971 43339559
Email: info@sec-markets.com
Physical Address: 723 Fairmont Hotel, Sheik Zayed Road, Dubai UAE.

SEC Markets Information

SEC Markets, founded in 2020, is the biggest broker with gold-backed stability offered by the SEC Bullion. It offers CFD trading across 5 products (Forex, Indices, Commodities, Stocks, and Cryptocurrencies) and provides 3 account types (bronze, silver, and gold account) with traders.

SEC Markets Information

Pros and Cons

Pros Cons
Diverse trading products and account typesNo regulation
Support MT5No U.S. clients accepted
Provide exotic currency pairsNo VPS services offered
Multiple customer support channelsNo information about withdrawal
200% welcome bonus on every first deposit
Economic calendar and calculators for traders
Abundant learning resources on the website

Is SEC Markets Legit?

SEC Markets is not regulated by any well-known regulatory authorities, which indicates high potential risks.

Is SEC Markets Legit?
Is SEC Markets Legit?

What Can I Trade on SEC Markets?

SEC Markets offers 66 currency pairs, 14 indices, 8 commodities, 27 stocks, and cryptocurrencies.

Tradable InstrumentsSupported
Stocks✔
Forex✔
Funds❌
Bonds❌
Cryptocurrencies✔
Precious metals & Commodities✔
Indices✔

Account Types

SEC Markets provides a total of 3 different types of accounts to traders: Bronze (Standard) Account, Silver (Pro) Account, and Gold (VIP) Account. Each account has a detailed introduction to help traders identify which account is suitable for them. Its important to carefully evaluate whether the conditions align with your trading goals, experience level, and financial situation. Additionally, the company also provides a demo account (which expires after one month) and Islamic accounts for a short duration.

Opening a trading account is simple and quick. In just 4 steps, you can start trading: register, verify, fund, and trade.

Account TypeBronze Account (Standard)Silver Account (Pro)Gold Account (VIP)
Minimum Deposit10010,00025,000
Available BaseUSDUSDUSD
Spreads From1.6 PIPS0.2 PIPS0.0 PIPS
Leverage1:1001:2001:200
Min. Trade Volume0.01 pips0.01 pips0.01 pips
Commission$0$0$0
Stop out30%30%30%
Execution TypeMarket executionMarket executionMarket execution
Execution ModelNDDNDDNDD
Suitable fornovice and experienced traderexperienced and active traderadvanced trader

VIP Account: To open a VIP Account, the trader needs to first fill out a VIP form to qualify for the VIP account.

Account Types

Leverage

SEC Markets offers up to 1:500 leverage, which is considered high and suitable for experienced traders and requires careful risk management.

SEC Markets Fees

Trading Fees

At SEC Markets, trading account options include various spreads with no commission. Spreads range from 0.0 PIPS to 1.6 PIPS. Spreads, commissions, and margins vary by product. For more detailed information, please refer to the website.

ProductsSpreadsCommissions USD Per LotMargins
ForexEURUSD0.2 pips (Premiere account)1.6 pips (Executive account)N/A0.20%
AUDUSD0.2 pips (Premiere account)2.1 pips (Executive account)N/A0.20%
IndicesJapan 22511 pipsFREE0.50%
EU Stocks 501.5 pipsFREE0.50%
CommoditiesSilver Vs US Dollar0.021 pipsFREE1% (fixed)
WTI Crude Oil0.028 pipsFREE1% (fixed)
StocksBarclaysN/A0.16%10%
BATN/A0.16%10%
CryptocurrenciesN/A

Non-Trading Fees

SEC Markets's minimum deposit is $100 and does not charge any monthly fees for trading. However, there is no further information provided about withdrawal-related fees or inactivity fees.

Trading Platform

SEC Markets's trading platform is MT5, which supports traders on the web and mobile.

Trading Platform

User Reviews

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User comment

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Comments

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Sokun Kumi
more than one year
I did not trade for a long time, so I just stuck with the basic account here. No commissions, and the spreads are okay. But the best part? Their social trading system is amazing! Very mature copy trading system.
I did not trade for a long time, so I just stuck with the basic account here. No commissions, and the spreads are okay. But the best part? Their social trading system is amazing! Very mature copy trading system.
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2024-07-22 11:00
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Stefan Weber
more than one year
I love how intuitive and smooth the mt5 platform is! Plus, knowing they are offering 200% welcome bonus. Buddy, that is amazing!
I love how intuitive and smooth the mt5 platform is! Plus, knowing they are offering 200% welcome bonus. Buddy, that is amazing!
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2024-06-25 17:39
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