SaracenMarkets

SaracenMarkets Information

SaracenMarkets is a global online trading services platform operated by SARACEN MARKETS (PTY) LTD. With MetaTrader 4 and MetaTrader 5 as its core trading platforms, it covers diverse financial instruments such as foreign exchange and contracts for difference (CFDs). Bonuses are also available for users to claim.

Pros and Cons

Is SaracenMarkets Legit?

SaracenMarkets is unregulated and does not undergo strict financial supervision. It is recommended to prioritize trading with brokers regulated by top-tier regulatory authorities.

What Can I Trade on SaracenMarkets?

SaracenMarkets offers a diverse range of trading instruments, including forex, commodities, indices, equity, and cryptocurrencies.

Account Type

SaracenMarkets offers two main account types: the Pro account using the STP model and the VIP account using the ECN model.

SaracenMarkets Fees

For SaracenMarkets' Pro account, the spread is floating, starting from 1.6 pips, with no commission; the VIP account has a spread as low as 0.0 pips but charges a commission of $5 per lot.

Leverage

The platform offers leverage of up to 1:2000 (Pro account). High leverage is suitable for experienced traders with strong risk tolerance.

Trading Platform

SaracenMarkets relies on two industry-leading trading platforms, MetaTrader 4 and MetaTrader 5, supporting downloads for web desktops and macOS.

Deposit and Withdrawal

Deposit supports small deposits in multiple currencies, starting from a minimum of $10, with lower amounts available in some countries (e.g., $5 in South Africa); payment methods include credit cards (Visa), e-wallets (PaymentAsia, Valao), etc. Deposits are commission-free and processed quickly, completing within hours.Deposit

Withdrawal

Copy Trading

The copy trading service of the platform is a major highlight, providing a convenient profit-making channel for users lacking trading experience. In addition, strategy providers can earn a commission of up to 30% from the trading profits of followers, achieving a win-win situation.

Bonus

No Deposit Bonus: New users can receive $10 in real funds without making a deposit.

Deposit Bonus: Get a 30% reward on each deposit. For example, if you deposit $100, your account will receive an additional $30.

Cashback: Earn up to $2 per lot in rebates!