Score
Shinmarkets
United Kingdom|2-5 years| https://shinmarkets.com
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Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 207 3997708
Other ways of contact
Broker Information
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Shinmarkets Limited
Shinmarkets
United Kingdom
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | 1: 1000 |
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| Currency | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $ 1000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $ 5 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Shinmarkets · Company Summary
General Information
Established in 2003, Shinmarkets is a brokerage firm headquartered in London, . Its subordinate industry covers industrial, financial investment, as well as foreign exchange, index, stock and other financial derivatives.
Market Instruments
Shinmarkets offers more than 200 trading products, including forex currency pairs, precious metals, stocks/index, and CFD products.
Account Types
Three trading accounts are on offer with Shinmarkets to satisfy different traders' trading needs and strategies: Classic, ECN and Pro. opening a most basic account, that is classic account, requires as low as $5, which is encouraging and friendly to most regular traders.
Leverage
The maximum trading leverage offered by Shin Markets is up to 1:400 for forex trading, which is considered high. Since leverage can amplify both profits as well as losses, it is vital for traders to use it, especially inexperienced traders.
Spreads & Commissions
Shinmarkets says it offers extremely compettitive spreads, as low as 0.8 pips on the EUR/USD pairs, which is an attractive offering. The total cost of trading is computed using spreads by many forex brokers in today's market; as a result, brokerages that offer competitive spreads have significant client demand.
Trading Platform Available
There is in fact a downloadable MT5 trading software that is available to users with this brokerage.
Deposit & Withdrawal
In terms of deposit and withdrawal payment methods, Shinmarkets supports traders to fund their accounts through Visa, Mastercard, Swift bank transfer, BPAY, Union Pay, Skill, POLi and Neteller.
Customer Service
The Shinmarkets customer support team can be available through email: info@shinmarkets.com, and telephone: +44 207 3997708.
Trading Hour
Shinmarkets market is open 24 hours a day from Monday to Friday. The market is closed only when it is impossible to conduct transactions on the globally prescribed holidays. Start: Sunday, 21:00 GMT, End: Greenwich Friday 21:00.
Review 12
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