SFG Trading-Overview of Minimum Deposit, Leverage, Spreads

General Information

Founded in 2013, SFG Trading is allegedly a broker authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu. The broker claims to provide its clients with the industry-standard MetaTrader4 and MetaTrader5 trading platforms, leverage up to 1:500, low spreads on over 15,000 tradable products, as well as a choice of two different account types.

Market Instruments

SFG Trading advertises that it offers more than 15,000 trading instruments across 7 asset classes in financial markets, including stock, forex, shares, precious metals, energies, soft commodities and indices.

Account Types

There are two trading accounts offered by SFG Trading, namely Edge and Classic. Opening any type of account requires the minimum initial deposit amount of $100.

Leverage

The maximum leverage ratio provided by SFG Trading is much higher than most brokers, up to 1:500. In addition, different asset classes are equipped with different leverages. For instance, the maximum leverage is up to 1:500 for forex, 1:200 for indices, 1:400 for precious metals, 1:50 for soft commodities and 1:100 for energies. 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 influenced by what type of accounts traders are holding. SFG Trading reveals that clients on the Edge account can enjoy raw spreads from 0.0 pips with a commission of $7 per round turn, while the Classic account can experience variable spreads from 1.0 pips with no commission. Also, different asset classes are equipped with different spreads. For example, the spread for stocks is as low as 0.33 pips, while forex with tight spreads is from 0.0 pips.

Trading Platform Available

When it comes to trading platforms available,SFG Trading gives traders three choices: Metatrader4, Metatrader5 and IRESS. MT4 and MT5 are both known as the industry standard, available on Desktop, the Web, Tablet and Mobile devices including iOS and Android. MT4 features an intuitive user interface, a customized feature-rich environment and a public library of thousands of custom indicators. While MT5 provides you with additional trading time frames, order flexibility and strategy testing speeds, as well as increasing your perspective on the markets with its 21 different time frames. By contrast, IRESS is advertised as a next-generation web-based trading platform, offering cutting-edge analysis tools, a unique modular structure, advanced charting capabilities, multiple portfolios management, real-time price streaming and access to genuine exchange pricing and market depth.

Deposit & Withdrawal

SFG Trading accepts deposits and withdrawals via some cryptocurrencies of Bitcoin, Bitcoin Cash, Ethereum and Perfect Money. The minimum deposit and minimum withdrawal requirements are both $100. As for the processing time of deposit and withdrawal requests, they usually can be processed instantly.

Tools

SFG Trading provides its clients with a trading tool called HUBx. HUBx is advertised as a bespoke platform created from scratch by SFG with fund managers and their clients in mind. It is equipped with cutting-edge futuristic functions, which help fund managers manage their clients along with their risk allocations more efficiently and easily.

Customer Support

SFG Trading‘s customer support can be reached through email: support@sfgtrading.com or live chat. SFG Group Office: Walton House Wendling Road, Longham, Dereham, Norfolk, England, NR19 2RD. However, this broker doesn’t disclose other more direct contact information like telephone numbers while most brokers offer.