Company Profile
SekerFX Is A Forex Broker Based In Turkey That Offers Trading In A Wide Range Of Financial Instruments Including Forex, Indices, Commodities And Cryptocurrencies. Its Main Feature Is The Offer Of Zero Commission Trading, Income Is Earned Using The Bid-ask Spread Model, And Leverage Is Up To 10:1.
Advantages And Disadvantages
Advantages:
A Wide Range Of Trading Instruments Covering Forex, Indices, Commodities And Cryptocurrencies.
Zero Commission Trading With Lower Handling Fees Than The Industry Average.
Maximum Leverage Is 10:1, Suitable For Investors Who Need Leverage Trading.
Disadvantages:
Lack Of Regulation, Not Supervised By Any Well-known Financial Institution Group.
The Trading Platform Is Only Available In MT5 (desktop And Mobile Versions) And Does Not Support MT4.
Client Server Is Limited To Turkish And Is Not Friendly To Non-Turkish Speakers.
Legality
SekerFX Is Not Licensed By Any Well-known Regulator. Although It Claims To Comply With The Regulations Of The Turkish Capital Markets Committee, The Relevant Information Is Not Found On Its Official Website, And There Is A Large Regulatory Risk.
Trading Tools
SekerFX Offers A Wide Range Of Contracts For Difference (CFDs) Trading, Covering The Following Categories:
Forex
Indices
Commodities
Cryptocurrencies
Account Type
Instant Automatic Account: Offers Leverage Trading With A Maximum Leverage Ratio Of 10:1.
Demo Account: Suitable For Novice Practice.
Fees
Trading Fee: No Commission, Income Comes From The Bid-ask Spread.
Swap Rate: Automatically Displayed According To Market Conditions, Which Can Be Inquired Through The Trading Platform.
Trading Platform
SekerFX Provides MT5 Desktop And Mobile Trading Platforms, But Since It Does Not Support MT4, It May Not Be Very Friendly To Traders Who Are Used To Using MT4.
Deposit And Withdrawal
Minimum Deposit: 200 Dollars.
Deposit Method: Support Bank Telegraphic Transfer, Etc.
Withdrawal Method: Bank Telegraphic Transfer Is Supported, But The Specific Details (such As Minimum Amount, Fees, Processing Time, Etc.) Are Not Clearly Stated.
Client Server
Supported Language: Turkish Language Support Only.
Contact Information: Telephone, Fax Or Email, But Communication Channels Are Limited And Unfriendly To Non-Turkish Speakers.
Summary
SekerFX Has A Certain Appeal In Terms Of Commission-free Trading And High Leverage, Especially For Traders Familiar With The MT5 Platform. However, Its Lack Of Regulation, Turkish Language Support Only, And Lack Of MT4 Support Make It More Suitable For Experienced Traders Who Are Fluent In Turkish. For Non-Turkish Speakers Or Investors Who Require A High Degree Of Regulatory Protection, This May Be A Major Disadvantage.
