sgtmarkets.com Review

Updated: Jan 11, 2022
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Superior Forex Broker In 2022 - SGT Markets Overview

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SGT Markets Review 2022 - Sterling Gent Trading Ltd (SGT Markets) is a forex and CFD broker that provides trading solutions sophisticated enough for Institutional traders yet simple enough for the forex novice, utilizing a variety of trading technologies.

Minimum Trade Size:N/A
Maximum Leverage:1:400
Minimum to Open Live:$500
Established:N/A
Address:
Contact:, +448002987925
Regional offices:
Regulations:BVI
Prohibited Countries:
Trading platforms:N/A
Web Trading: No
Mobile Trading: No
ECN: No
Currencies:
Currencies:
Currencies:
EAs/Robots: No
News Spike Trading: No
Scalping: No
ZuluTrade: No
MAM: No
PAMM: No
CopyTrading: No
Deposit Methods:Wire Transfer ,MasterCard,Perfect Money,VISA,Skrill,Neteller,FasaPay
Withdrawal Methods:

SGT Markets Review - Background

Founded in 2006, SGT Markets is a licensed and regulated online Dealer specializing in providing liquidity and trade execution services to the Forex (FX) and CFD (Contracts for Difference) markets including Metals, Oil, and Equity Indices.

SGT is fully licensed, authorized, and regulated by the BVI Financial Services Commission as a Principal Dealer under The Securities and Investment Business Act, 2010 (license number SIBA/L/11/0987).

SGT Markets provides traders with the best and fastest execution available with access to the deepest pools of liquidity in the world’s largest market, the spot foreign exchange (FX) market. Their superior execution services to retail and institutional clients alike at very tight spreads across multiple asset classes and 100 instruments distinguish us from the competition.

Trade Forex, Metals, Oil, Equity Indices, and other commodities with SGT Markets and enjoy the benefits of working with a leading provider of online trading services.

The management team of SGT Markets has extensive capital markets experience encompassing large commercial banks, major trading desks, hedge funds, brokerage firms, securities companies, and technology providers, enjoying a proven track record of managing successful sell-side and buy-side trading operations.

SGT Markets DEEP experience results in our uncompromising ability to service and satisfy the detailed and demanding trading needs of individual traders, hedge funds, fund managers, financial institutions, investment funds, and other market participants – an experience that yields a high level of confidence and trust among our clients. 

SGT Markets Account Types

SGT Markets provides the option of two unique trading accounts for clients:

DIRECT - Spreads from 0.9 pip; Commission - none; Instruments - 90+ (Forex, Metals, Oil, and Equity Index CFDs); Execution - Straight Through Processing (STP); Conditions - No Dealer Intervention, No Requotes; Trading Hours - 24 hours, Sunday – Friday; Expert Advisors - YES, Scalping - YES; Hedging - YES; Fifth Decimal - YES; Maximum Leverage - 400:1; Default Leverage - 100:1; Lot Size -100,000 base units; Minimum Trade Size - 0.01 lots (Micro); Trade Size Increment - 0.01 lots (Micro); Virtual Private Server - Available; Min. Opening Deposit - 500 USD or 500 EUR or 500 GBP; Account Currency - USD, EUR, GBP.

PRIME - Spreads from 0.0 pip; Commission - YES; Instrumnts - 90+ (Forex, Metals, Oil, and Equity Index CFDs); Execution - Straight Through Processing (STP); Conditions - No Dealer Intervention, No Requotes; Trading Hours - 24 hours, Sunday – Friday; Expert Advisors - YES, Scalping - YES; Hedging - YES; Fifth Decimal - YES; Maximum Leverage - 400:1; Default Leverage - 100:1; Lot Size -100,000 base units; Minimum Trade Size - 0.01 lots (Micro); Trade Size Increment - 0.01 lots (Micro); Virtual Private Server - Available; Min. Opening Deposit - 1000 USD or 1000 EUR or 1000 GBP; Account Currency - USD, EUR, GBP.

SGT Markets Trading Platforms

SGT Markets provides multiple trading platforms including MetaTrader4, the market’s most popular Forex trading software, and the industry standard. MT4 provides traders with the ability to trade with Expert Advisors (EAs), automated buy and sell orders that trade directly on SGT Market’s MT4 Client Terminal.

SGT Markets offers popular mobile trading platforms including iPhone, iPad, Android, and WindowsTrader. SGT Markets also provides a MAM/PAMM trading platform for managing multiple clients’ accounts simultaneously and seamlessly distributing equity and trades across multiple accounts. 

Deposit Options

In addition to standard bank wire transfers (SWIFT or T/T), SGT Markets offers multiple account funding options including credit cards, debit cards, China UnionPay, Skrill (Moneybookers), FasaPay, Neteller, CashU, PayPal, and more. Clients can fund their accounts 24 hours per day. 

Markets

SGT Markets offers to trade in more than 100 instruments including Forex, Gold, Silver, Oil, Equity Indices, and other commodities.

FOREX is the world’s most liquid market and SGT Markets provides liquidity from some of the world’s largest banks and non-bank liquidity providers, reflected in our tight spreads.

METALS trading offers clients the ability to profit from upward and downward movements in Gold and Silver.

ENERGY  trading allows clients the ability to trade UK Oil and US Oil. Equity indices provide traders with exposure to some of the world’s most popular share indices including those in the U.S. and Europe.

Forex: AUD/USD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/USD, GBP/CAD, GBP/CHF, GBP/USD, USD/CAD, USD/CHF, USD/JPY, AUD/CAD, AUD/NZD, CAD/CHF, CAD/JPY, EUR/NOK, EUR/SEK, GBP/JPY, GBP/NOK, GBP/SEK, NZD/USD, USD/NOK, USD/SEK, AUD/CHF, AUD/JPY, CHF/JPY, EUR/AUD, EUR/HKD, EUR/JPY, EUR/NZD, EUR/SGD, EUR/TRY, EUR/ZAR, GBP/AUD, GBP/HKD, GBP/NZD, GBP/SGD, GBP/TRY, GBP/ZAR, NZD/CAD, NZD/CHF, USD/HKD, USD/SGD, USD/TRY, USD/ZAR, NZD/JPY, NZD/SGD, EUR/DKK, EUR/PLN, GBP/DKK, GBP/PLN, USD/CZK, USD/DKK, USD/PLN, EUR/HUF, GBP/HUF, GBP/MXN, USD/HUF, USD/MXN, ZAR/JPY, TRY/JPY, USD/CNH, EUR/CNH, USD/RUB, EUR/RUB

Precious Metals: Gold (XAUUSD), Silver (XAGUSD)

Energy: US OIL, UK OIL

Equity Indices: UK 100, DAX 30, USA 500, USA 30, STOXX 50, CAC 40, JP 225, USA 100, AUS 200, HK 33, SUI 30, ITL 40, SPA 35

Customer Support

SGT Markets will bring you a highly personalized customer service experience. Because their team holds years of knowledge and expertise from the forex trading industry, you can rest assured we can always help you pursue your forex trading goals.

International: + (44) 800 298 7925

Fax: + (44) 207 681 3868

Email: [email protected]

Safety of Funds

SGT Markets’ clients invest both their trading capital and their trust with us. Creating and maintaining a safe and secure trading environment to safeguard clients’ funds and assets is an important primary objective that governs their business practices.

Clients’ funds are segregated from our corporate operating accounts and they maintain bank accounts at large, first-class global banking institutions with large asset bases. SGT banks and financial institutions maintain intermediary and correspondent accounts in other banking jurisdictions with some of the largest banks in the world, across a variety of currencies.

This affords their clients additional satisfaction in knowing that these intermediary and correspondent banks are subject to regulation and supervision by some of the largest central banks, monetary authorities, and capital markets supervisory bodies in the world.

The funds of SGT Markets’ clients are never commingled with companies’ assets. This measure is to mitigate operational risk and prevent the misuse of clients’ assets for internal purposes. They accomplish this by providing custody of clients’ funds in segregated bank accounts.

Ease of Use

SGT Markets have developed advanced execution technology and provides comprehensive tools for both new and experienced Traders, including mobile applications and our own proprietary client area. 

>> Next Read - OctaFX Review

FAQ

Simply compare our fully tradable price feed to the price feeds of other ECNs, brokers, and electronic trading venues. Our spreads are simply tighter because we have added many sizable, non-traditional liquidity providers.

 

Yes, we custody our clients’ funds at some of the largest and strongest financial institutions in the world, as measured by total assets and credit ratings. We do not commingle our company’s operating funds with our clients’ trading equity.

Yes, we welcome all Expert Advisors on our MetaTrader 4 platform.

We have chosen a facility in London LD4 as the optimal location for our colocation. This facility’s proximity to the largest and most liquid FX trading market in the world serves our clients well by contributing to our ultra-low latent trading environment.

When a Margin Call = 70% and Stop Out level = 50%, this means that once your Account Equity = Required margin x 70% you’ll get a Margin Call in the form of a Warning.

When your Account Equity = Required margin x 50% your trades will be closed automatically starting from the least profitable one.

Required Margin = (Market Quote for the pair * Lots) / Leverage.

Example: You want to open 0.1 lot (10 000 base currency) lots of EUR/USD at the current market quote of 1.1500 and with a leverage level of 1:400

Required Margin = (1.1500 * 10 000) / 400 = $28.75

Margin Call = Account equity has become equal to required margin.

Account equity = available not used in trade funds + floating profits from still open trades – floating losses from still open trades

Like all investments, trading Forex and other leveraged products like Contracts for Difference (CFDs) is speculative. Traders are not required to post the full financial value of the products they are trading, meaning they can trade on leverage and control a position that is typically a multiple of the value of equity in their trading account. One way traders can avoid margin calls is to make sure their accounts are adequately and sufficiently capitalized so that they can withstand adverse market moves. Another way traders can avoid margin calls is to use stops and limits when trading to best manage market risk. Stop orders and limit orders can help reduce the amount of risk that traders incur when opening and closing trading positions.
No, that is why we have minimum margin requirements in place. Despite the fact that it is theoretically possible for an account to incur a negative balance during a sizable adverse move, SGT Markets would adjust the account equity back to US$ 0 were that unlikely scenario to take place.
The SGT Markets MT4 only lets you trade in lots, also known as volume. Where one lot is 100,000 base units, mini lots are 0.1 of a lot equal to 10,000 base units and micro lots are 0.01 lots equal to 1,000 base units. You can place any size trade from your MT4 interface from 0.01 lots (1,000 base units) to 50 lots (5 million base units). Please visit our Contract Specifications page to learn more.

Lot size examples in currency:

1 lot = 100,000 notional trading units (known as a standard lot)
0.1 lots = 10,000 notional trading units (known as a mini lot)
0.01 lots = 1,000 notional trading units (known as a micro lot)
E.g. if you execute 1 lot of EUR/USD, then your exposure is 100,000 EUR/USD.
If you execute 2.5 lots of GBP/USD, your exposure is 250,000 GBP/USD.

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Superior Forex Broker In 2022 - SGT Markets
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Exclusive CFDs Forex Broker In 2022 - Superior Forex Broker In 2022 - SGT Markets Overview
Pros
  • 1:400 leverage on Forex Trades
  • Comprehensive education center
  • Practice Account available to traders
  • SGT Markets accept PayPal
  • Offered FIX API Account
Cons
  • Does not accept U.S. traders
  • Live chat is only available 24/5
  • SGT Markets doesn't offer any bonuses
  • Doesn't accept Bitcoin
  • Doesn't offered cryptocurrency trading
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