Saramarkets-The overview of minimum deposit, leverage, spreads

General Information

Saramarkets says it is a Seychelles-based brokerage registered in House of Francis, Office 303, Ile Du Port, Dahe, Seychelles, claiming to provide its clients with the most widely used trading platform, leverage up to 300:1, variable or fixed spreads on various tradable instruments, as well as a choice of five different account types and 24×5 customer support services.

Market Instruments

Saramarkets advertises that it offers a wide range of trading instruments, including forex, precious metals, energy, shares, indices, commodities and cryptocurrencies. Clients on different account types enjoy different tradable assets. For example, Standard Account, Standard Account Plus and ECN Account can trade 60 forex pairs, metals, indices, commodities, Usshares and cryptocurrencies, while Special Account containing Fixed Account and Bonus Promotion Account can trade on metals, oil, cryptocurrencies, commodities and Ushares.

Account Types

There are five live trading accounts offered by Saramarkets, apart from demo accounts, namely Standard Account, Standard Account Plus, ECN Account and Special Account containing Fixed Account and Bonus Promotion Account. Opening a Standard Account requires the minimum initial deposit amount of $30, aligning with most brokers' requirements. While the other four accounts with the minimum initial capital requirements of $100, $100, $1,000, and $5,000 respectively.

Leverage

The maximum leverage ratio provided by Saramarkets is pretty high, up to 300:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are significantly affected by what account types traders are holding. The spread for Standard Account and Standard Account Plus is floating from 1.0 pip, for ECN Account is floating from 0.0 pip, while Fixed Account has fixed 1.6 pips for Major and fixed 3.8 pips for Minor, and Bonus Promotion Account has fixed 3.0 for Major and fixed 5.0 pips for Minor. Bonus Promotion Account will be charged with $6 commission, while other four account types without any commission.

Trading Platform Available

When it comes to trading platforms available,Saramarkets gives traders the world-renowned MetaTrader5 for Windows, iOS and mobile devices like iPhone and iPad, Android. MT5 offers a wide range of functions for the modern forex traders, which include a full set of trading orders for flexible forex, stocks and other tradable assets trading, technical and trading analysis with multiple technical indicators and analytical tools as well.

Deposit & Withdrawal

From the logos displayed at the bottom of home page on Saramarkets official site, this broker seems to work with VISA, MasterCard, Vietcombank, ACB, PayPal, Neteller, Payeer and Skrill.

Customer Support

Saramarkets customer support can be reached through telephone: International: (+1) 504 977 9078, Asian: (+855) 97234.1622, Telegram, email: Support@saramarkets.com, vn.support@saramarkets.com or send messages online to contact. Head office: House of Francis, Office 303, Ile Du Port, Dahe, Seychelles. Brand Office: Elize apartment, Sangkat Olympic, ChamKarmon, St 151, Phnom Penh, Campuchia