The Official Website Of SoegeeFX Cannot Be Accessed Normally At The Moment. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
Overview Of SoegeeFX
SoegeeFX Is Headquartered In Indonesia. It Was Established In 2011 As An Unregulated Forex Broker That Offers A Range Of Trading Assets Including Forex Pairs, Precious Metals, Energy, Indices And Single Stock CFDs.
Despite Providing Access To Popular Assets And Adopting The Easy-to-use MetaTrader 4 Trading Platform, SoegeeFX Faces Significant Drawbacks. Its Unregulated Status Increases Risks In Terms Of Investor Protection And Transparency, With No Oversight From Financial Regulators To Ensure Arm's Length Transactions.
In Addition, The Platform's Limited Payment Methods And Varying Minimum Deposit Requirements (from 200 Dollars To 1000 Dollars) May Limit Accessibility And Convenience For Potential Traders, Thus Diminishing Its Attractiveness In The Highly Competitive Brokerage Industry.
Regulatory Status
SoegeeFX Operates Without A Regulatory License. This Means They Are Not Supervised Or Vetted By Any Financial Regulator. Lack Of Regulation May Pose Risks To Investors, Such As Inadequate Fund Protection And Limited Dispute Resolution Mechanisms. Investors Should Proceed With Caution As An Unregulated Position Can Increase Latent Risk And Affect The Transparency And Reliability Of The Trading Platform
Pros:
MT4 Access: SoegeeFX Provides Access To MetaTrader 4 (MT4), A Trading Platform Known For Its Powerful Features, Including Advanced Charting Tools, Technical Analysis Capabilities, And Support For Automated Trading Through Expert Advisors (EAs).
Multiple Asset Classes: Traders Can Access Multiple Asset Classes On SoegeeFX, Including Major Forex Pairs, Precious Metals, Energy, Indices, And Single Share Contracts For Difference (CFDs) From The US, European Union, And Hong Kong Markets, Providing Opportunities For Diverse Trading Strategies.
Mobile Trading App: SoegeeFX Offers A Mobile Trading App That Allows Users To Conveniently Trade And Manage Accounts From Their Smartphones, Ensuring Flexibility And Convenience To Monitor And Execute Trades At Any Time.
Competitive Spreads: The Platform Offers Competitive Spreads, With Spreads Starting From 0.1 Pips For Major Forex Pairs, Potentially Reducing Trading Costs And Increasing Profitability For Traders Focused On These Markets.
Multiple Customer Support Options: SoegeeFX Offers Multiple Customer Support Channels, Including Phone, Email, And WhatsApp, Ensuring Users Accessibility In Terms Of Account Management, Trading Advice, And Technical Support.
Cons:
The Official Website Is Not Accessible: Users Sometimes Face Difficulties Accessing The Official SoegeeFX Website, Which Can Impede Access To Key Trading Information, Updates, And Account Management Features.
The Minimum Deposit Amount Is Uncertain: On SoegeeFX, The Minimum Deposit Requirements Vary For Different Account Types. Some Accounts May Start From $200, While Others May Be As High As $1000. This May Not Be Suitable For All Traders, Depending On Their Initial Investment Ability.
Limited Payment Methods: SoegeeFX Offers Limited Payment Methods, Mainly Through Bank Transfers And Visa Cards, Which Limits Convenience For Users Who Prefer Other Payment Options Or Seek Faster Transaction Processing Times.
Unregulated Status: SoegeeFX Operates Without A Regulatory License, Which Means It Lacks Oversight From Financial Regulators. This Can Pose Risks To Investors' Money Protection And Transparency Compared To Regulated Platforms.
Market Instruments
SoegeeFX Offers A Variety Of Trading Assets Across Six Different Asset Classes, Totaling More Than 130 Instruments. These Include Forex Pairs, Precious Metals, Energy, Indices, Single Stock Contracts For Difference (CFDs) In The US, European Union And Hong Kong, As Well As JFX Commodities. This Broad Range Enables Traders To Participate In A Wide Variety Of Trading Activities Covering Major Currency Pairs, Precious Metals, Energy Commodities, Global Indices, Single Stock Contracts For Difference (CFDs) From The US, European Union And Hong Kong Markets, As Well As Commodities Listed Under JFX.
Account Types
SoegeeFX Offers Three Investment Plans: ZERO-TRADER, 101-TRADER And PRO-TRADER.
The ZERO-TRADER Plan Requires A Minimum Deposit Of $200, While The Other Two Accounts Require An Initial Deposit Of $1,000 Each.
Bars Bars
In Terms Of The Leverage Provided By This Broker, It Is 200:1, Which Belongs To The Higher Level In The Scale Of Trading Leverage.
Spreads And Commissions
At SoegeeFX, You Can Choose Variable Spreads, With Spreads Starting From 0.1 Pips For Major Forex Pairs And As Low As 0.01 Pips For Gold Trading. The Commission Structure Varies From Account To Account.
ZERO-TRADER Account Has A Minimum Commission Of $50 Per Month, While 101-TRADER Plan Has A Minimum Commission Of $100 Per Month. PRO-TRADER Accounts Have Competitive Commission Rates With No Minimum Charges.
Trading Platform
SoegeeFX Offers Its Clients The Widely Used Trading Platform MetaTrader 4 (MT4), As Well As Their Own Proprietary Mobile App Called The SoegeeFX Mobile App.
MT4 Is Known For Its Competitive Charting Tools, Technical Analysis Capabilities, And The Ability To Automate Trading Through Expert Advisors (EAs).
The SoegeeFX Mobile App Offers A Convenient Way To Trade, Allowing Users To Manage Their Accounts, Execute Trades, And Monitor Market Dynamics From Their Mobile Devices.
Deposits And Withdrawals
SoegeeFX Offers Easy Payment Methods Mainly Through Bank Transfers And Visa.
The Minimum Deposit Amount For ZERO-TRADER Accounts Is 200 Dollars, While The Initial Deposit Amount For 101-TRADER And PRO-TRADER Accounts Is 1000 Dollars Each.
Regarding Payment Of Processing Fees, Specific Details Are Not Clearly Provided.
Customer Support
SoegeeFX Provides Customer Support Through Various Channels.
For General Inquiries, Please Contact Client Server: + 62 21 3911 138, Or The Trading Room: + 62 21 3911 101. For WhatsApp Support, Please Use + 62 812 1234 5962.
Email Inquiries Can Be Sent To Cs@soegeefutures.com (Client Server), Education@soegeefutures.com (Educational Inquiries) And Partnership@soegeefutures.com (Partner Affairs).
The Company Is Located In Graha Selaras, Kebon Melati - Tanah Abang, Pusatkan District, Jakarta, Indonesia, Jl. KH Mas Mansyur No. 59, 10230. Follow SoegeeFX For Updates On Social Media Platforms Like Facebook, Twitter And Instagram.
