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SGT Markets

  • #1
  • First Post: Oct 20, 2016 3:35pm Oct 20, 2016 3:35pm
Hello to all respected traders.
This tread is all about SGT Markets,to whom have used SGT Markets as a broker please leave your knowledgeable experience here.
I just open live account with SGT Markets after more than 5 month testing on their demo,first think i notice is about their execution speed,it is super lightning fast.

So please leave all your experience here (good or bad)

Thank You
Irwan
  • #2
  • Oct 20, 2016 3:49pm Oct 20, 2016 3:49pm
Quoting Irwan1976
Hello to all respected traders. This tread is all about SGT Markets,to whom have used SGT Markets as a broker please leave your knowledgeable experience here. I just open live account with SGT Markets after more than 5 month testing on their demo,first think i notice is about their execution speed,it is super lightning fast. So please leave all your experience here (good or bad) Thank You Irwan
I stopped reading at: "..........we are licensed, authorized, and regulated by the Financial Services Commission of the British Virgin Islands........."

You can test execution of the platform all you want, but....how can you test if you get your money back?

Just some thoughts here...

How are the actual spreads now that you opened the account? I see they charge no commission, but they have to earn it on the spread....

.....how are the swap charges on the real account?
  • #3
  • Edited 4:30am Oct 21, 2016 4:17am | Edited 4:30am
Quoting meyoik
{quote} I stopped reading at: "..........we are licensed, authorized, and regulated by the Financial Services Commission of the British Virgin Islands........." You can test execution of the platform all you want, but....how can you test if you get your money back? Just some thoughts here... How are the actual spreads now that you opened the account? I see they charge no commission, but they have to earn it on the spread.... .....how are the swap charges on the real account?
Thank you and i'am glad for your reply,the spread increase 1pip on live account but still acceptable ,i don't know about the swap charge because i'am a news trader i only trade during the high impact news release and close my trade at the same day.This broker really good for news trading.

Don't have withdraw experience yet.

Actually i'am Sergeant in forexpeacearmy, i cannot find any user review about SGT Market in our website,there are only one file case about PAMM account and it's resolve,so that's why i try SGT Market my self to find out about them and same reason i open this tread,it's my job to find and tell the truth to all trader out there.

Join me meyoik to find the truth.
  • #4
  • Jan 5, 2017 8:34am Jan 5, 2017 8:34am
SGT Markets offers its clients a three basic account types, all of which provide STP execution, leverage up to 1:400, micro-tradable lots and access to the popular MetaTrader 4 platform (MT4).

The Startup and Direct account types offer commission-free trading, while the Prime account involves a small commission fee for the raw spreads its provides.
In addition, swap-free (Islamic) services are available upon request from clients who are not willing to pay or earn interest for religious reasons.

Besides, SGT Markets offers MAM/PAMM accounts for fund management. In order to qualify, managers must have at least 3 clients with a total equity of USD $10,000 or equivalent.
For more details, you can visit this site - http://www.asia.sgtmarkets.com
  • #5
  • Edited Dec 7, 2017 4:00pm Dec 6, 2017 10:05pm | Edited Dec 7, 2017 4:00pm
Hi @Irwan1976. How is your experience with sgt markets so far? I am just about to get a live account. Any issues on the withdrawal proccess?

Best regards,
Herry
  • #6
  • Edited 3:20pm Dec 17, 2017 2:52pm | Edited 3:20pm
I’ve tried many brokers and there’s no perfect one. I am with SGT Markets for a year now and surprised that they are unknown to retail traders. Their spread is one of the best, I have SGT MT4 Prime account. Commission ($6) is low. Swap charges are decent. Executions is very fast and good for news traders and scalpers. I am using MT4 and it is the only platform they offer. I got free VPS from SGT, for which you have to maintain certain trading volume. I was very impressed when I entered first live trade in less than hour after starting process of opening account!! Deposits and withdrawal went smoothly. Customer service is not on the level of the rest of their services. I got explanation that their customers are mainly big institutional with dedicated service representative. I don’t like their evening chat representative who doesn’t explain/solve much, just gives you web links and email addresses of other departments. However they surprised me with exceptional support to setup API (Pawel Caputa). Also Brad is great. Everything works perfectly and I don’t need customer service often.
Check on their web other details.
  • #7
  • Dec 18, 2017 8:15pm Dec 18, 2017 8:15pm
Quoting zosoforever
I’ve tried many brokers and there’s no perfect one. I am with SGT Markets for a year now and surprised that they are unknown to retail traders. Their spread is one of the best, I have SGT MT4 Prime account. Commission ($6) is low. Swap charges are decent. Executions is very fast and good for news traders and scalpers. I am using MT4 and it is the only platform they offer. I got free VPS from SGT, for which you have to maintain certain trading volume. I was very impressed when I entered first live trade in less than hour after starting process of...
Thanks you for your info given. Another question i would like to ask whether Is the spread below 25 for gold on prome live account? Because the spread for direct account is abit high i think.
  • #8
  • May 1, 2018 10:00am May 1, 2018 10:00am
Hello Guys,friend and to all my respected trader,after almost 2 years with SGT Markets my experience so far so good,don't have any problem with them.
withdraw always fast via skrill,bank wire it take 7 days.Execution still super lightning fast as i mention before it's really good for news trader.

But now the minimum deposit to open account is high (USD500), before it's only USD50,i don't no why they change the minimum deposit.
Other than that,so far so good.
  • #9
  • Last Post: Jul 22, 2019 6:05am Jul 22, 2019 6:05am
Hello,
if you have any questions about SGT Markets, please contact with me.
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