Sicher Mayor

Since Sicher Mayor operates without regulation, I would say that it poses a risk. Although the platform offers useful features like leverage and a wide range of market instruments, the lack of regulation means there's no assurance of protection for my funds in case of issues. I would be cautious about using this platform, as I would with any unregulated broker.

The minimum deposit required at Sicher Mayor depends on the account type. For the Standard account, the minimum deposit is $50, while the VIP account requires a deposit of $1,000. The ECN account has a higher minimum deposit of $10,000, and the Copy Trading account requires a $100 deposit. Personally, I think the Standard account with a $50 minimum deposit is a great starting point for new traders or anyone looking to test the platform without risking too much capital.

Sicher Mayor doesn’t disclose detailed fee information on its website. It does mention that commissions are applied to the Standard, VIP, and ECN accounts, but the exact commission rates are not provided. Personally, I would prefer more transparency when it comes to fees, especially because hidden fees can significantly impact my profitability.

Unfortunately, Sicher Mayor does not offer a demo account. As someone who likes to test platforms before committing real funds, this is a significant drawback for me. I believe demo accounts are essential for new traders to get comfortable with the platform without risking real money.