Score
The Virgin Islands
|
5-10 years
| https://sgt.markets/
Website
Rating Index
MT4/5
Full License
SGTMarkets-Demo
Influence
C
Influence index NO.1
United States 3.03
MT4/5 Identification
Full License
FranceInfluence
C
Influence index NO.1
United States 3.03
LicensesLicensed Entity：Sterling Gent Trading Ltd.
License No. SIBA/L/11/0987
Single Core
1G
40G
1M*ADSL
The Virgin Islands
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
sgt.markets sgtmarkets.com
VIP is not activated.
| SGT Review Summary | |
| Founded | 2021 |
| Registered Country/Region | The Virgin Islands |
| Regulation | Offshore regulated |
| Market Instruments | Crypto CFDs, energy CFDs, equity index CFDs, forex, spot metals |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| Spread | From 1 pip (Direct account) |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $5,000 |
| Customer Support | 24/5 support |
| Contact form | |
| Tel: + (44) 800 298 7925 | |
| LinkedIn, X, Facebook | |
SGT is an offshore regulated broker, offering trading on crypto CFDs, energy CFDs, equity index CFDs, forex and spot metals with leverage up to 1:100 and spread from 1 pip on MT4/MT5 trading platform. The minimum deposit requirement is $5,000.
| Pros | Cons |
| Tight spreads | High minimum deposit |
| Demo accounts | Commission fees charged |
| MT4 and MT5 platforms | Offshore regulation |
| Diverse tradable assets | |
| Popular payment options |
SGT is licensed by FSC to offer services. However, it is offshore regulated, which means potential risks cannot be ignored.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | British Virgin Islands Financial Services Commission | Offshore Regulated | Sterling Gent Trading Ltd. | Retail Forex License | SIBA/L/11/0987 |
SGT offers trading on crypto CFDs, energy CFDs, equity index CFDs, forex and spot metals.
| Tradable Instruments | Supported |
| Crypto CFDs | ✔ |
| Energy CFDs | ✔ |
| Equity index CFDs | ✔ |
| Forex | ✔ |
| Spot metals | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Here are four account types SGT offers:
| Account Type | Minimum Deposit |
| Direct Acocunt | $5,000 |
| Prime Acocunt | $5,000 |
| Professional Acocunt | $50,000 |
| Business Acocunt | / |
SGToffers maximum leverage at 1:100. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
SGT requires commission fees and execution fees for different account types and products.
| Account Type | Commission |
| Direct Acocunt | ❌ |
| Prime Acocunt | From $6 per lot |
| Professional Acocunt | ❌ |
| Business Acocunt | ❌ |
SGT Spreads
| Account Type | Spread |
| Direct Acocunt | From 1 pip |
| Prime Acocunt | / |
| Professional Acocunt | From 0 pips |
| Business Acocunt | From 0 pips |
Swap Rates
Each currency pair has its own swap charge and is measured on a standard size of 1.0 lot (100,000 base units).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mobile & Desktop | Beginners |
| MT5 | ✔ | Mobile, Desktop & web | Experienced traders |
SGT accepts payments via bank transfer, credit cards or debit cards, e-wallets and cryptos.
Deposit Options
| Deposit Option | Minimum Deposit | Deposit Fees | Deposit Time |
| Bank transfer | $500 | ❌ | Within 24 hours |
| Credit/debit cards | 100 (USD, EUR, or GBP) | / | / |
| Cryptos | / | / | / |
Withdrawal Options
| Withdrawal Options | Maximum Withdrawal | Withdrawal Fees | Withdrawal Time |
| Credit/Debit Card | $/£/€20,000 | ❌ | Up to 14 business days |
| Bank transfer | $/£/€20,000 | €25, $40, £30 | 24 hours |
| E-wallet | / | / | / |
One of the highlights for me is the tight spreads starting from 1 pip on the Direct account and the availability of both MT4 and MT5 platforms. SGT also offers a demo account, which is great for testing out strategies. Additionally, they provide a range of trading instruments like crypto CFDs and energy CFDs.
No, SGT is offshore regulated by the Financial Services Commission (FSC) of the British Virgin Islands. As a trader, I should be cautious because offshore regulation doesn’t offer the same level of protection as more established financial authorities. While it’s licensed to offer services, the risks associated with offshore regulation are something to consider before I begin trading.
There are withdrawal fees for bank transfers, which range from $25 for EUR, $40 for USD, and £30 for GBP. For credit/debit card withdrawals, there are no fees, but the process could take up to 14 business days. I would also check out "SGT reviews" to get a better understanding of how long withdrawals generally take for other users.
SGT processes withdrawals via bank transfer within 24 hours. However, credit/debit card withdrawals may take up to 14 business days, which is something I’d need to keep in mind for longer withdrawal times.
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FX3724020861
Hong Kong
They don't allow withdrawals shortly after cooperation, it's really frustrating. Be cautious, especially when working with this company, keep your eyes open.
Exposure
段阳光
Hong Kong
Cooperated for a period of time, unable to withdraw funds all along! Exposed, be careful!
Exposure
momo42191
Portugal
With SGT, I can effectively implement my contrarian strategies. The platform’s analytics help me spot and act on market overreactions
Positive
半杯浊酒，半碗茶
Singapore
I am just new to this broker for about 4 days. My experience was totally awesome. I have done some tests for my withdrawals and they were all successful.
Neutral
乐子
New Zealand
Good spreads and an excellent mt4 platform, but the regulation seems to be offshore regulatory, and the $/€/£500 minimum deposit is too high. The worst is that they charge deposit and withdrawal fees while most brokers will charge nothing.
Neutral
勇闯天涯30848
Egypt
I want to thank SGT Markets, they are very patient and professional. Thanks Abel, he helped me complete my account registration quickly, once I had any problems he always was there to help me. I was quite satisfied with the trading environment, making me feel relaxed…
Positive
FX1012875549
Morocco
So far I think SGT Markets is a good broker! The transaction costs are all within a reasonable range and will not make users sad hahaha, after all, forex trading platforms must also be profitable. The fly in the ointment should be that their regulatory license is not that strict. It is hoped that the license for onshore supervision can be obtained as soon as possible.
Positive