According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- FSC BVI
- 2013
Our Evaluation of SGT Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
SGT Markets is a broker with higher-than-average risk and the TU Overall Score of 3.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by SGT Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Brief Look at SGT Markets
Founded in 2006, SGT Markets is a licensed and regulated online Dealer specializing in providing liquidity and trade execution services to the Forex and CFD markets including Metals, Oil, and Equity Indices. We aggregate 15+ Liquidity Providers, banking and non-banking liquidity, so to give you the fastest execution and the best professional trading environment for whatever trading style (scalping, news trading, arbitrage, etc.)
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SGT Markets Trading Conditions
| 💻 Trading platform: | MetaTrader4, Webtrader, Mobile platforms |
|---|---|
| 📊 Accounts: | Direct, Prime |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Deposit / Withdrawal: | Bank Transfer, Credit Card, Perfect Money, FasaPay, Skrill, Neteller, CashU, wirewallet |
| 🚀 Minimum deposit: | 500 USD |
| ⚖️ Leverage: | 1:400 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 lot |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex, Metals, Energy, Indices, Stocks, Commodities |
| 💹 Margin Call / Stop Out: | 100%/70% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | Free VPS (Virtual Private Server) hosting service, A dedicated account manager. |
| 🎁 Contests and bonuses: | No |
SGT Markets Key Parameters Evaluation
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Regulation and safety
SGT Markets has a safety score of 6.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 12 years
- Not tier-1 regulated
SGT Markets Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 BVI FSC |
British Virgin Islands Financial Services Commission | British Virgin Islands | No specific fund | Tier-2 |
SGT Markets Security Factors
| Foundation date | 2013 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker SGT Markets have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Bybit and XM Group, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of SGT Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, SGT Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
SGT Markets Standard spreads
| SGT Markets | Bybit | XM Group | |
| EUR/USD min, pips | 0,3 | Not supported | 0,7 |
| EUR/USD max, pips | 0,8 | Not supported | 1,2 |
| GPB/USD min, pips | 0,6 | Not supported | 0,6 |
| GPB/USD max, pips | 1,0 | Not supported | 1,2 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
SGT Markets RAW/ECN spreads
| SGT Markets | Bybit | XM Group | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,2 |
| GBP/USD avg spread | 0,1 | 0,2 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with SGT Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
SGT Markets Non-Trading Fees
| SGT Markets | Bybit | XM Group | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0 |
| Inactivity fee ($, per month) | 0 | 0 | 10 |
Deposit and withdrawal
SGT Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
SGT Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- BTC available as a base account currency
- USDT (Tether) supported
- No withdrawal fee
- Minimum deposit above industry average
- Wise not supported
- Only major base currencies available
What are SGT Markets deposit and withdrawal options?
SGT Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
SGT Markets Deposit and Withdrawal Methods vs Competitors
| SGT Markets | Bybit | XM Group | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | No |
| Wise | No | Yes | No |
| BTC | Yes | Yes | Yes |
What are SGT Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. SGT Markets supports the following base account currencies:
What are SGT Markets's minimum deposit and withdrawal amounts?
The minimum deposit on SGT Markets is $500, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact SGT Markets’s support team.
Markets and tradable assets
SGT Markets offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 80 Forex pairs.
- Copy trading platform
- Indices trading
- Commodity futures are available
- Limited asset selection
- Bonds not available
SGT Markets Supported markets vs top competitors
We have compared the range of assets and markets supported by SGT Markets with its competitors, making it easier for you to find the perfect fit.
| SGT Markets | Bybit | XM Group | |
| Currency pairs | 80 | 61 | 57 |
| Total tradable assets | 100 | 132 | 1400 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | No |
| Stock indices | Yes | Yes | Yes |
| Options | No | No | No |
Investment options
We also explored the trading assets and products SGT Markets offers for beginner traders and investors who prefer not to engage in active trading.
| SGT Markets | Bybit | XM Group | |
| Bonds | No | No | No |
| ETFs | No | No | No |
| Copy trading | Yes | Yes | Yes |
| PAMM investing | Yes | No | No |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | Suite 334 48 Par La Ville Road Hamilton HM11 Bermuda |
| Regulation |
FSC BVI
Licence number: SIBA/L/11/0987 |
| Official site | sgtmarkets.com |
| Contacts |
+ (44) 800 298 7925
|
Comparison of SGT Markets with other Brokers
| SGT Markets | Bybit | Eightcap | XM Group | Octa | 4XC | |
| Trading platform |
No | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, OctaTrader | MT5, MT4, WebTrader |
| Min deposit | No | No | $100 | $5 | $25 | $50 |
| Leverage | No |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:40 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | No | From 0 points | From 0 points | From 0.8 points | From 0.6 points | From 0 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 25% / 15% | 100% / 50% |
| Order Execution | No | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | No | No | No | No | No |
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