Score
Sapphire Markets
Saint Vincent and the Grenadines|2-5 years| https://www.sapphiremarkets.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Sapphire Markets also viewed..
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Website
sapphiremarkets.com
Server Location
United States
Website Domain Name
sapphiremarkets.com
Server IP
162.241.216.74
Company Summary
General Information
Registered in Saint Vincent and the Grenadines, Sapphire Markets is an offshore forex broker established in 2021, offering its clients a series of trading instruments, such as Foreign Exchange, Commodities, and more. Sapphire Markets claims traders can enjoy competitive spreads through the advanced MT5 trading platform, leverage up to 1:500.
However, please note that Sapphire Markets is not subject to any regulation currently. Although this alone does not necessarily mean it is a scam, investors are advised to take extra vigilance and be aware of the risk involved when dealing with this broker.
Market Instruments
With Sapphire Markets, traders can get access to a bulk of trading instruments across five classes. Foreign Exchange, Metals, Indices, Commodities, Cryptocurrency are all available with this brokerage platform.
Account Types
Sapphire Markets says it offers three distinct trading accounts to suit different traders trading needs: Standard, Raw Spread, and Prime accounts. While additional account features, even the minimum initial deposit requirement for each account, are not disclosed.
How to get started？
To start trading with Sapphire Markets, traders need follow these three steps:
1. Sign up for a Sapphire Markets trading account.
2. Sapphire Markets will verify your uploaded information before activating your account through a series of security questions.
3. Then you can fund your Sapphire Markets account and start trading on this platform.
Leverage
The maximum trading leverage offered by Sapphire Markets is up to 1:500, which is considered high. Since this broker is an offshore brokerage with no restriction on leverage, it tries to use high leverage to attract newcomers.
Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high lever in case of heavy fund losses.
Spreads & Commissions
Spreads and commissions are determined by trading accounts. With the Standard account, you dont have to pay any commission, accompanied with wider spreads. The Raw Spread account offers competitive spreads as low as 0.0 pips.
Trading Platform
In terms of trading platforms available, Sapphire Markets claims it offers access to the leading MT5 trading platform, which can be accessed on Desktop, Android, and IOS terminals.
With MT5, traders can trade forex, commodities, stocks indices, and cryptocurrencies, and this platform allows you to manage all the different markets together in one go.
MT5 forecast the price dynamics of financial instruments and offers more than 80 technical indicators for advanced analysis.
Customer Support
Sapphire Markets offers multiple contact channels for traders to get in touch with them in the event that something goes wrong or they have any inquiries:
Email: customersupport@sapphiremarkets.com
Telephone
+1205-235-2058 (USA)
+441234 234893 (UK)
+618 7081 1560 (AUD)
+233 55 252 4562 (GH)
Opening hour for telephone support available on 9:00 a.m. to 5:00 p.m. (UK).
Please note that the information contained in the Introduction is for general information purposes only.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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Jerry685
India
be careful with this broker. when I tried to give withdrawal. this broker started asking kyc documents. even though I uploaded and verified my documents. this broker is still asking but no option to upload and no support from this broker. nobody responds. never deposit in this broker total scammer
Exposure
2023-09-11
FX1449373593
Netherlands
Initially attracted to Sapphire Markets for their extensive trading products and patient customer service，I felt confident that I had chosen a reliable broker to work with. However, over time, I began to experience more and more technical difficulties with my account. I found that I was frequently unable to log in, which caused me to miss out on potential trading opportunities. Despite reaching out to their customer support team for assistance, I was never given a satisfactory explanation.
Neutral
2023-03-28
林骁谞lín xiāo xù
United Kingdom
Good broker. From my personal experience, it's an excellent company, with classy services and you can trust them. If you want to work in the forex market with peace of mind, I recommend this company.
Positive
2023-02-24
阿科
Turkey
The personalized support I got was amazing, kind and professional. Thanks, Sapphire Markets :) and thanks to the support staff for your patience and understanding.
Positive
2022-12-19