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Score
United Kingdom
5-10 yearsSuspicious Regulatory License
White label MT4
Regional Brokers
High potential risk
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Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index7.15
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Basic Information & Regulation
SiiFX claims to be a UK-based Forex and CFD broker that is not currently subject to any effective regulation.
Safety Analysis of SiiFX
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.
Market Instruments
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.
Accounts & Leverage of SiiFX
SiiFX offers investors five different types of trading accounts: Standard (minimum deposit of $10), Trader Pro (minimum deposit of $5,000), Gold (minimum deposit of $10,000), VIP (minimum deposit of $20,000), and VVIP (minimum deposit of $50,000). The maximum trading leverage is up to 1:500 for Trader Pro and Gold accounts and 1:100 for the last three accounts.
Spreads & Commissions of SiiFX
SiiFX standard accounts display a spread of 2.5 pips on the EURUSD, which is higher than the industry standard. 1.5 pips on the EURUSD for SiiFX Trader Pro accounts and 1 pip on the EURUSD for Gold accounts. VIP accounts and VVIP accounts both feature a trading model of spread + commission.
Trading Platforms Available of SiiFX
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.
Deposit and Withdrawal of SiiFX
SiiFX supports traders to deposit and withdraw funds to and from their investment accounts through a range of convenient methods such as credit/debit cards, wire transfers, and Neteller, Skrill, Payza, MegaTransfer, UnionPay, and cryptocurrency.
Pros & Cons of SiiFX
The main advantages of SiiFX are:
1. Richness of trading assets
2. Five accounts types available
3. MT4 trading platform
The main disadvantages of SiiFX are:
1. Unregulated
2. High minimum deposit requirements
3. High spreads and non-transparent fees
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