Sfam FX Review

Sfam FX Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this Sfam FX Review.

Sfam FX Review

Sfam-FX offers one account to retail traders (Standard) and another for institutional clients (Proffessional). There is also a managed account type. All accounts are said to provide variable spreads and default leverage of 1:50, which could be raised to 1:200.

Sfam-FX Advantages

Regulated in Cyprus

Sfam-FX is yet another brand of Leverate – a leading technology solutions provider in the forex industry. The company is licensed by one of the most popular European financial watchdogs – the Cyprus Securities and Exchange Commission (CySEC).

MT4 and Sirix platforms offered

Sfam-FX offers both Sirix web and MetaTrader 4 platforms. In fact, Sirix is a software developed by the company behind the brand – Leverate. Launched in 2012, the Sirix platform is equipped with built-in advanced indicators and charting options. Most importantly, the platform has a social trading platform, integrated into it.

As regards MetaTrader 4, you are probably aware of the capabilities of this platform, if you have any experience with forex trading. It is the industry-standard software since 2003, MetaTrader is a popular choice for new and experienced traders due to its crisp charting package, numerous automated strategies (EAs) and customization options (via the MQL Marketplace).

Extensive product portfolio

Sfam-FX offers trading in more than 150 forex pairs, as well as various CFDs – on precious metals, commodities, stocks and indices.There are more than 750 financial instruments available with this broker, including such traded at leading exchanges like NYSE, NASDAQ, CME, etc.

Reasonable leverage levels

Another thing we like in the offering of this broker is the reasonable leverage ratios it provides. First, Sfam-FX offers a default leverage level of 1:50, which is in line with CySEC guidelines. Second, the maximum leverage available is 1:200, which will satisfy most traders and yet is not dangerously high.

Sfam-FX Disadvantages

Poor presentation of trading conditions

Sfam-FX has not presented its spreads clearly on its website, which means that this broker fails to follow a transparent pricing policy. The only thing that is indicated in terms of pricing on the Standard account is the spread mark-up the broker applies to trades (0,5 pips on EUR/USD).

Most brokers offer spreads in the range of 1.0 – 1.5 pips for this pair, and some even lower. For example, FBS, another CySEC-regulated company, offers spread averaged 0.9 pips om EUR./USD on its Standard accounts.

Couldn’t register a demo account

We tried to sign up for a demo account at Sfam-FX several times, but an Error message kept popping out. This could be a temporary problem with the broker’s website, or Sfam-FX does not provide demo accounts at all.

According to the information on its website, Sfam-FX targets investors from the middle east, the Emirates and Europe. It is one of the many brands, operated by Leverate Financial Services Ltd, along with ApolloFX, Vinci Capital Markets, FX District and Direktbroker-fx. To be honest, we find the fact that a company offers identical services by so many different brands a bit disturbing. Nonetheless, Leverate is a well-known player in the forex world an it is properly regulated, which is of utter importance.

CySEC regulation provides a decent level of security and reliability, as it involves a number of requirements to licensed brokerages. They must meet solid capital adequacy requirements, to keep client funds separated from company assets, to report their transactions, among other things. Besides, Cypriot brokers can provide their services in any EU member state under the MIFID regulations.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Sfam FX Review Conclusion

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