SaracenMarkets Journal
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SaracenMarkets Profile
Website
Year
2022
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Afghanistan, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iran, Iraq, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Mauritius, Myanmar, Netherlands, North Korea, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sudan, Sweden, Syria, US, Vanuatu, Yemen
Broker type
STP, DMA, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
160 ms
LPs total
...
LPs quality
Tier-1 Banks
LPs names
...
SaracenMarkets Accounts
STP
ECN
Minimum Deposit
10 $
50 $
Leverage
2000 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.6 pips
0 pips
Commission
0 $/lotRT
6 $/lotRT
Volume
200 lots
200 lots
Margin Call
50 %
50 %
Stop Out
20 %
30 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, B2BinPay, FPX, Walaopay, Paytrust
Base currency
USD
Segregated accounts
...
Interest on margin
no
Inactivity fee
after ... months
| Update broker |
- Full listing profile: SaracenMarkets broker profile
Is SaracenMarkets safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: ...
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is SaracenMarkets trusted?
- Information transparency: sufficient
★★★ - Customer service: virtually non-existent
★ - SaracenMarkets website: highly detailed, updated
★★★★★ - SaracenMarkets popularity (by visitor count): average
★★★
How SaracenMarkets works
SaracenMarkets set out its aim of being the most dependable, quality and devoted Islamic broker through its business model of following the STP and ECN execution avenue. This means SaracenMarkets have no conflict of interest within itself and its customers. No requotes, lightning-quick execution and none dealing desk interference.
https://saracen.markets/company/about/
6.13 The Company has the right to change the leverage of the trading
account in case the open position on this account does not comply
with the leverage requirements.
6.17 In situations when there is a significant reduction of liquidity, the Company has the right to forbid trading for some instrument or several instruments or make the trading allowed in "Close Only" mode.
6.19 When after a mandatory position closure, the Client, account has a negative balance, compensation is added to the account, which sets the account to zero.
6.17 In situations when there is a significant reduction of liquidity, the Company has the right to forbid trading for some instrument or several instruments or make the trading allowed in "Close Only" mode.
6.19 When after a mandatory position closure, the Client, account has a negative balance, compensation is added to the account, which sets the account to zero.
https://saracen.markets/wp-content/uploads/2021/07/Customer-Agreement.pdf
18. Inverted Spreads
When trading on SaracenMarkets, you are trading on feeds that are being provided by multiple top-tier banks and financial institutions. Unfortunately, online trading technology is not perfect and, in rare cases, this feed can be disrupted. This may only last for a moment, but when it does, spreads often become inverted.
https://saracen.markets/wp-content/uploads/2021/07/Risk-Disclosure-Notice.pdf
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