General Information
Sheer Markets (Cyprus) Limited Was Established In 2019 And Is Headquartered In Cyprus. It Is A Brokerage Company Regulated By The Cyprus Securities And Exchange Commission (CYSEC). It Offers Trading Of Liquid Cash NDF CFDs, FX And Emerging Market FX CFDs, Cryptocurrency CFDs And CFDs On Stocks, Indices And Commodities Through The Leading MT5 Platform. Demo Account Is Available With A Minimum Deposit Requirement Of 200 Dollars To Open A Live Account.
Advantages And Disadvantages
Advantages
- Regulated By CYSEC
- Multiple Trading Markets
- Multiple Account Types
- Demo Account Available
- Competitive Spreads
- Support MT5
Disadvantages
- Bank Telegraphic Transfer Only
- Higher Minimum Deposit
Sheer Is Markets Legal?
Yes. Sheer Markets Is Regulated By The Cyprus Securities And Exchange Commission (CySEC). It Also Implements Liability Protection To Protect Clients From Losses Beyond Their Initial Investment.
Market Tools
Sheer Markets Offers Liquid Cash NDF Contracts For Difference, Forex And Emerging Market FX Contracts For Difference, Cryptocurrency Contracts For Difference, Stocks, Indices And Commodities Contracts For Difference
Account Types
In Addition To Demo Account Accounts, Sheer Markets Offers Clients Four Live Account Types: Sheer Classic, Sheer Classic Plus, Sheer Prime And Sheer Prime Plus.
Only Plus Accounts Enjoy Free VPS Hosting And One-on-one Education, While Market Analysis And Reviews Are Available For All Account Types.
Leverage
Sheer Markets Offers Different Leverage Options Depending On The Classification Of Clients (retail Clients Or Professional Clients).
For Professional Clients, The Maximum Available Leverage Is 1:100.
In Comparison, Retail Clients Offer Maximum Leverage Of 1:30.
Leverage Ratios Vary Across Asset Classes And Financial Instruments.
Spreads And Commissions
The Spread Structure Offered By Sheer Markets Is Very Clear And Very Competitive, Especially For Prime Plus Accounts - Spreads Start At 0.0 Pips.
For Classic Accounts, Spreads Start At 1.2 Pips.
Sheer Markets Also Charges Commissions That Vary Depending On The Market Instrument And Account Type.
Trading Platform
Sheer Markets Provides Investors With The Market-leading And Widely Praised MT5 Trading Platform, As Well As MT5 Windows, MT5 IOS And MT5 Android. The MT5 Trading Platform Is One Of The Most Well-known And Widely Used Online Trading Systems In The World. The MT5 Platform Provides Traders With A Variety Of Trade Execution Functions, Unlimited Charts, Rich Technical Indicators And Curves, Custom Indicators And Scripts, Allowing Traders To Implement Any Simple Or Complex Trading Strategy.
Deposits And Withdrawals
Sheer Markets Only Accepts Deposits And Withdrawals By Telegraphic Transfer From Banks. Other Popular Payment Methods Such As Visa, Mastercard, Skrill And Neteller Are Not Available.
Two Currencies, EUR And USD, Are Accepted.
It Does Not Charge Any Processing Fees For Deposits Or Withdrawals. However, You Should Be Aware That You May Incur Processing Fees For Payments And Receipts To Certain International Banking Institutions. Sheer Markets Is Not Responsible For Any Such Bank Processing Fees.
Withdrawals Are Processed Within 24 Hours, But Depending On The Method Of Withdrawal, It May Take Up To 5 Business Days For The Funds To Reach Your Bank Account.
Customer Support
Customers Can Contact The Support Team By Phone + 357 25861400 Or Via Email Support@sheermarkets.com.
Additionally, A Contact Form Is Available On Their Website For Advice And Assistance.
