MarketSXP

• Categories: Forex brokers, Ratings

Review of MarketSXP Brokerage

MarketSXP is a reputable financial intermediary based in the United Kingdom and registered with the British Companies House under registration number SC614304. The company, SXP LIMITED, the owner of MarketSXP, was established in the UK in 2018.

MarketSXP is licensed by IFSC in Belize under number 60/341/TS/38, and it operates without regulatory approval from European regulators such as FCA.

The official website, marketsxp.com, provides information in English and Russian languages.

Trading Opportunities and Platforms

• MarketSXP offers a diverse range of assets for CFD trading, including currency pairs, commodities, indices, stocks, and cryptocurrencies.
• Clients using the broker’s trading platform enjoy various advantages, such as real-time display of quotes, multiple order types, charting capabilities, and more.
• The MarketSXP platform is accessible in desktop versions for PC, mobile versions for both Android and iOS devices, as well as a web version.

Types of Trading Accounts

• Basic account requiring a minimum deposit of 100 USD.
• Standard account with a minimum deposit of 1000 USD.
• Silver account with a minimum deposit of 5000 USD.
• Gold account with a minimum deposit of 10,000 USD.
• Platinum account with a minimum deposit of 25,000 USD.
• VIP account offering personalized conditions.

All accounts are safeguarded against negative balance, providing access to educational materials, market reviews, and signals.

MarketSXP also offers a demo account and an Islamic account without swaps.

Deposit and Withdrawal of Funds

Traders can utilize VISA/MasterCard credit and debit cards, bank transfers, cryptocurrencies such as BTC, ETH, TRC, and payment systems like QIWI, PayPal, and Skrill for financial transactions.

No commissions are charged for transactions. The time required for funds to be credited depends on the chosen payment system, varying from a few minutes to 7 business days.

Conclusion

MarketSXP boasts several advantages, including its UK registration, a wide range of trading assets, an advanced trading platform, availability of a demo account, and a low minimum deposit requirement. However, it lacks a license from European regulators and exhibits some deficiencies in information transparency on its website. Customer reviews can provide further insight into the operations of MarketSXP.

This review has been prepared by the specialists at ExpertsReview.