Company Summary
| SaracenMarkets Review Summary | |
| Registered On | 2021-06-10 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | FSCA (Exceeded) |
| Market Instruments | Forex, Commodities, Equity, Cryptocurrencies, and Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4, MT5 |
| Min Deposit | $10 |
| Customer Support | +85281975503 ((HK Ofhce) |
| support@saracenmarkets.com | |
| Twitter, Facebook, Instagram | |
| 29 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193 South Africa.Suite 305, Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, VC0120 St.Vincent & Grenadines (SARACEN INC) | |
SaracenMarkets Information
SaracenMarkets is a global online trading services platform operated by SARACEN MARKETS (PTY) LTD. With MetaTrader 4 and MetaTrader 5 as its core trading platforms, it covers diverse financial instruments such as foreign exchange and contracts for difference (CFDs). Bonuses are also available for users to claim.
Pros and Cons
| Pros | Cons |
| Spread as low as 0.0 pips | FSCA (Exceeded) |
| Leverage up to 1:2000 | $5 commission per lot (VIP) |
| Multiple trading instruments | High leverage risk |
| MT4/MT5 available | |
| No deposit bonus ($10) |
Is SaracenMarkets Legit?
SaracenMarkets is unregulated and does not undergo strict financial supervision. It is recommended to prioritize trading with brokers regulated by top-tier regulatory authorities.
What Can I Trade on SaracenMarkets?
SaracenMarkets offers a diverse range of trading instruments, including forex, commodities, indices, equity, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Equity | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
SaracenMarkets offers two main account types: the Pro account using the STP model and the VIP account using the ECN model.
| Account | Pro | VIP |
| Best for | All Traders | Fastest Speed |
| Minimum Deposit | $10 | $10 |
| Swap-free Islamic Account | Yes | Yes |
| Floating Spread | From 1.6 pips~ | From 0.0 pips~ |
| Maximum Leverage | 1:2000 | 1:500 |
| Account Currency | USD | USD |
| Execution Type | Market Execution | Market Execution |
| Minimum Order Volume | 0.01 | 0.01 |
| Minimum Step Volume | 0.01 | 0.01 |
| Minimum Margin | 1 | 0.25 |
| Maximum Order Volume | 200 | 200 |
| Margin Call | 50% | 50% |
| Commission | $0 | $5/Lot |
| Maximum Position | 200 | 200 |
| Stop Out Level | 20% | 30% |
| Expert Advisor | √ | √ |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
SaracenMarkets Fees
For SaracenMarkets' Pro account, the spread is floating, starting from 1.6 pips, with no commission; the VIP account has a spread as low as 0.0 pips but charges a commission of $5 per lot.
Leverage
The platform offers leverage of up to 1:2000 (Pro account). High leverage is suitable for experienced traders with strong risk tolerance.
Trading Platform
SaracenMarkets relies on two industry-leading trading platforms, MetaTrader 4 and MetaTrader 5, supporting downloads for web desktops and macOS.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Windows, macOS, WebTrader | Beginners |
| MetaTrader 5 | ✔ | Windows, macOS, WebTrader | Experienced Traders |
Deposit and Withdrawal
Deposit supports small deposits in multiple currencies, starting from a minimum of $10, with lower amounts available in some countries (e.g., $5 in South Africa); payment methods include credit cards (Visa), e-wallets (PaymentAsia, Valao), etc. Deposits are commission-free and processed quickly, completing within hours.Deposit
| Deposit Method | Currency | Fees/Commission | Processing Time |
| BetterEFT | ZAR | ZERO Fee | Instant |
| AraniPay | INR | ZERO Fee | Instant |
| WalaoPay | MYR, IDR, VND, THB | ZERO Fee | Instant |
| PaymentAsia | MYR, VND, PHP | ZERO Fee | Instant |
| SurePay | MYR, VND, THB, SGD | ZERO Fee | Instant |
| B2BinPAY | Coins, Stable Coins | 2% Fee | Depends on Blockchain |
| Local Depositor | BND | ZERO Fee | Depends on LD |
Withdrawal
| Deposit Method | Currency | Fees/Commission | Processing Time |
| BetterEFT | ZAR | ZERO Fee | Instant |
| AraniPay | INR | ZERO Fee | Instant |
| WalaoPay | MYR, IDR, VND, THB | ZERO Fee | Up to 24 hours |
| PaymentAsia | MYR, VND, PHP | ZERO Fee | Up to 24 hours |
| SurePay | MYR, SGD | ZERO Fee | Up to 24 hours |
| B2BinPAY | Coins, Stable Coins | ZERO Fee | Up to 24 hours |
| Local Depositor | BND | ZERO Fee | Up to 24 hours |
Copy Trading
The copy trading service of the platform is a major highlight, providing a convenient profit-making channel for users lacking trading experience. In addition, strategy providers can earn a commission of up to 30% from the trading profits of followers, achieving a win-win situation.
Bonus
No Deposit Bonus: New users can receive $10 in real funds without making a deposit.
Deposit Bonus: Get a 30% reward on each deposit. For example, if you deposit $100, your account will receive an additional $30.
Cashback: Earn up to $2 per lot in rebates!
FX1886668769
Malaysia
My order has been closed before my SL is reached. There are still almost 30 pips left before my SL.
Exposure
Fabrice Benoit
Vietnam
SaracenMarkets is a great choice for those looking to start trading with a small budget. Their low minimum deposit and competitive commission rates make it easy to get started and grow your portfolio.
Positive
Andyo
Hong Kong
SaracenMarkets has been awesome for me. They offer a ton of trading options and the spreads are super low. The high leverage is great for boosting profits, but you've got to be careful with it. I especially love how easy the app makes it to trade from anywhere.
Positive
creater
United States
My journey with SaracenMarkets has been largely positive, characterized by fast deposits, withdrawals, and smooth trading via the MT4 platform. There's room for better bonuses, but the user-friendly app, solid customer support, and an array of trading tools balance it out. Low spreads and sped-up execution stand out, though deposit and withdrawal times could be quicker. All in all, SaracenMarkets is a reliable broker.
Neutral
进发酒店食材-何代法
Hong Kong
My friend recommended this broker to me, and it seems quite friendly to novices. That’s my type, and I love trading with low-deposit brokers. They make me feel free.
Positive