Company Summary
| SaracenMarkets Review Summary | |
| Registered On | 2021-06-10 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | FSCA (Exceeded) |
| Market Instruments | Forex, Commodities, Equity, Cryptocurrencies, and Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4, MT5 |
| Min Deposit | $10 |
| Customer Support | +85281975503 ((HK Ofhce) |
| support@saracenmarkets.com | |
| Twitter, Facebook, Instagram | |
| 29 First Avenue East, Parktown North, Johannesburg, Gauteng, 2193 South Africa.Suite 305, Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, VC0120 St.Vincent & Grenadines (SARACEN INC) | |
SaracenMarkets Information
SaracenMarkets is a global online trading services platform operated by SARACEN MARKETS (PTY) LTD. With MetaTrader 4 and MetaTrader 5 as its core trading platforms, it covers diverse financial instruments such as foreign exchange and contracts for difference (CFDs). Bonuses are also available for users to claim.
Pros and Cons
| Pros | Cons |
| Spread as low as 0.0 pips | FSCA (Exceeded) |
| Leverage up to 1:2000 | $5 commission per lot (VIP) |
| Multiple trading instruments | High leverage risk |
| MT4/MT5 available | |
| No deposit bonus ($10) |
Is SaracenMarkets Legit?
SaracenMarkets is unregulated and does not undergo strict financial supervision. It is recommended to prioritize trading with brokers regulated by top-tier regulatory authorities.
Account Type
SaracenMarkets offers two main account types: the Pro account using the STP model and the VIP account using the ECN model.
| Account | Pro | VIP |
| Best for | All Traders | Fastest Speed |
| Minimum Deposit | $10 | $10 |
| Swap-free Islamic Account | Yes | Yes |
| Floating Spread | From 1.6 pips~ | From 0.0 pips~ |
| Maximum Leverage | 1:2000 | 1:500 |
| Account Currency | USD | USD |
| Execution Type | Market Execution | Market Execution |
| Minimum Order Volume | 0.01 | 0.01 |
| Minimum Step Volume | 0.01 | 0.01 |
| Minimum Margin | 1 | 0.25 |
| Maximum Order Volume | 200 | 200 |
| Margin Call | 50% | 50% |
| Commission | $0 | $5/Lot |
| Maximum Position | 200 | 200 |
| Stop Out Level | 20% | 30% |
| Expert Advisor | √ | √ |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
SaracenMarkets Fees
For SaracenMarkets’ Pro account, the spread is floating, starting from 1.6 pips, with no commission; the VIP account has a spread as low as 0.0 pips but charges a commission of $5 per lot.
Leverage
The platform offers leverage of up to 1:2000 (Pro account). High leverage is suitable for experienced traders with strong risk tolerance.
Trading Platform
SaracenMarkets relies on two industry-leading trading platforms, MetaTrader 4 and MetaTrader 5, supporting downloads for web desktops and macOS.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Windows, macOS, WebTrader | Beginners |
| MetaTrader 5 | ✔ | Windows, macOS, WebTrader | Experienced Traders |
Deposit and Withdrawal
Deposit supports small deposits in multiple currencies, starting from a minimum of $10, with lower amounts available in some countries (e.g., $5 in South Africa); payment methods include credit cards (Visa), e-wallets (PaymentAsia, Valao), etc. Deposits are commission-free and processed quickly, completing within hours.
Deposit
| Deposit Method | Currency | Fees/Commission | Processing Time |
| BetterEFT | ZAR | ZERO Fee | Instant |
| AraniPay | INR | ZERO Fee | Instant |
| WalaoPay | MYR, IDR, VND, THB | ZERO Fee | Instant |
| PaymentAsia | MYR, VND, PHP | ZERO Fee | Instant |
| SurePay | MYR, VND, THB, SGD | ZERO Fee | Instant |
| B2BinPAY | Coins, Stable Coins | 2% Fee | Depends on Blockchain |
| Local Depositor | BND | ZERO Fee | Depends on LD |
Withdrawal
| Deposit Method | Currency | Fees/Commission | Processing Time |
| BetterEFT | ZAR | ZERO Fee | Instant |
| AraniPay | INR | ZERO Fee | Instant |
| WalaoPay | MYR, IDR, VND, THB | ZERO Fee | Up to 24 hours |
| PaymentAsia | MYR, VND, PHP | ZERO Fee | Up to 24 hours |
| SurePay | MYR, SGD | ZERO Fee | Up to 24 hours |
| B2BinPAY | Coins, Stable Coins | ZERO Fee | Up to 24 hours |
| Local Depositor | BND | ZERO Fee | Up to 24 hours |
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