SigmaforTrade Review Is Sigma for Trade a Scam or Legit Broker

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SigmaforTrade Review: Is Sigma for Trade a Scam or Legit Broker?

Sigma4trade Review: Scam or Legit? SigmaforTrade is registered at sigmafortrade.com and it is a forex trading broker with a collection of trading platforms tailored for the needs of clients individually. It is an innovative platform that offers users trading benefits with little to do. The website claims that the brokerage is run by a company in Majuro.

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Trading Platform

The broker claims to trade on the MetaTrader 4 platform.

Deposit and Withdrawals

Sigma4trade deposits and withdrawals through Visa, MasterCard, e-wallets like: Netteller, Skrill, SOFORT, PaysafeCard, TrustPay, iDeal, Neosurf. A minimum of $500 is accepted for deposit and a spread from 0.6. They promise that this is a quick method and made to fit every clients’ need.

Support

There is a contact address: Sigma4Trade Ltd. Trust Company Majuro 45058, a mobile number +00441512531771 and an email address [email protected]

Is it Licensed?

There is no verified license for Sigma for Trade, it is not a regulated body and its parent company is registered to Majuro which is the capital of Marshall Islands. This offshore address is fishy for reasons stated in the next section.

Conclusion

To begin with what the findings have led to, the company address given is in a shady location that several scam companies have been using as well because it is difficult to investigate. Regulatory agencies have warned against investing in such companies. Then, a demo account shows that the spread is lesser than the 0.6 and is somewhere at 0.4, which is too low for any company that is serious about making any money via trading. Absence of verified testimonies show that either it is too new to be trusted or that it does not work at all.

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COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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    Good Choice For Experienced Traders! 2nd place in the ranking!

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