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No Regulation
Score
1.54 /10
Danger
SiiFX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.22
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: SiiFX's official website: https://www.siifx.com is currently inaccessible normal.
| SiiFXReview Summary | |
| Founded | 2023 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Indices, Stocks, Cryptocurrency, Metals |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 1 pip |
| Trading Platform | MT4 |
| Min Deposit | $10 |
| Customer Support | Phone: +44-2033186836 |
| Email: +44-2033186836 | |
| Social Media: Twitter | |
SiiFX operates as an unregulated UK-based forex broker. Its market instruments cover Forex, Commodities, Indices, Stocks, Cryptocurrency, and Metals. It claims to offer traders with the popular MT4, five types of accounts and leverage up to 1:500.
Pros & Cons
| Pros | Cons |
| Richness of trading assets | Unregulated |
| Various account types | Unfunctional website |
| MT4 supported | High spreads and non-transparent fees |
| Low minimum deposit | High minimum deposit requirement |
| Multiple payment options |
Is SiiFX Legit?
The primary criterion for the safety of a forex brokerage platform is whether it is formally regulated. SiiFX is currently an unregulated broker, which means that investors' funds cannot be compensated and protected in the event that the broker illegally misappropriates customer funds or faces bankruptcy.
What Can I Trade on SiiFX?
SiiFX offers investors access to over 30 currency pairs, as well as a wide range of CFD products in commodities, gold, silver, stocks, indices, and bitcoin.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type/Leverage/Fees
Five types of trading accounts are available on SiiFX.
| Trading Account | Min Deposit | MaxLeverage | Spread | Commission |
| Standard | $10 | 1:500 | 2.5 pips | ❌ |
| TraderPro | $5,000 | 1:500 | 1.5 pips | ❌ |
| Gold | $10,000 | 1:100 | 1 pip | ❌ |
| VIP | $20,000 | 1:100 | / | ✔ |
| VVIP | $50,000 | 1:100 | / | ✔ |
Trading Platform
SiiFX offers traders the remarkable MT4 trading platform, the most popular forex trading platform on the market today, chosen by 80% of traders worldwide. With powerful charting tools, nearly 100 definable market indicators, support for EA, and automated trading, the MT4 trading platform is a winning formula for traders to get ahead in the financial markets.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginner |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
On SiiFX, you can pay with all major credit and debit cards like VISA and MasteCard, bank wire and various e-wallets including Neteller, Skrill, Payza, MegaTransfer, and UnionPay, which is especially popular in China. In addition, e-wallets and bitcoins are also accepted.
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