Salma Markets Review
Salma Markets offers just one type of live trading account – STP. There is no free demo account.
The broker has a portfolio of tradable assets including the major and some minor forex pairs, a limited set of CFDs on indices, gold and silver, as well as Bitcoin.
The Company. Security of Funds
Company Country Regulation
Salma Markets Incorporated Belize IFSC
Salma Markets is owned by the company Salma Markets Incorporated based in the offshore zone Belize. The broker is regulated by Belize’s International Financial Services Commission (IFSC).
>> The risks of trading with an offshore forex broker <<
This watchdog has somewhat stricter requirements for the financial services providers overseen by it, and could be said it is somewhat more reliable than other offshore regulators. It is known for its lax requirements and relatively low fees and is rather attractive for many forex brokers, small and large. Generally most of the brokers regulated by the IFSC abide by the rules, but one must nevertheless be careful when dealing with offshore brokers. We recommend to do business with brokers regulated by the FCA or the ASIC.
Like most brokers, Salma Markets also offers the popular MetaTrader 4 (MT4) platform as a desktop terminal and in its versions for web and mobile devices.
MT4 has been around for over 10 years and it seems its popularity is not waning, at least for the time being. It is user friendly, supports different types of orders, MAM accounts, has many options, charting and analysis tools and allows hedging and automated trading.
Perhaps eventually its successor MetaTrader 5 will replace it, as the developer MetaQuotes Software said it is stopping support for MT4 in order to focus its resources on MT5.
Salma Markets offers a rebate bonus of up to 50%. The promotion period is unlimited, but is subject to numerous terms and conditions, as per the usual practice of the brokers offering different types of bonuses.
Methods of payment
Salma Markets provides a relatively wide selection of payment options. The broker accepts deposits through credit cards, wire transfers and the online payment systems Neteller, Skrill and FasaPay. There are also options for payments through the following banks: Bank Central Asia (BCA), Mandiri, Bank Negara Indonesia (BNI) and Bank Rakyat Indonesia (BRI).
Salma Markets is a run-of-the-mill offshore forex broker. Probably the only interesting thing about it is the option to trade in Bitcoin, which is still not very frequent, at least among the small offshore brokers. Otherwise it does not stand out much among its peers, but judging by the payment options, it is mostly targeting Indonesia, where the forex broker market is still not very saturated.
Salma Markets Review Conclusion
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