Sheer Markets

seejay

1-2 anni

Are there any deposit or withdrawal fees at Sheer Markets?

WikiFX Rispondi

Sheer Markets does not charge any deposit or withdrawal fees, which I appreciate. However, since they only support bank wire transfers, I might incur fees from my bank for processing the transfer. The broker doesn’t charge additional fees, so I find this to be relatively transparent.

Broker Issues

Sheer Markets

Fees and Spreads

08-09

Stati Uniti

Thobani Dlalda

1-2 anni

How long does a withdrawal take at Sheer Markets?

WikiFX Rispondi

Withdrawals at Sheer Markets are generally processed within 24 hours, which I find pretty quick. However, the funds may take up to 5 business days to reach my bank account, depending on my bank’s processing times. I find this a bit slower than some other brokers who process withdrawals more quickly, but it’s still reasonable.

Broker Issues

Sheer Markets

Deposit

Withdrawal

08-01

Stati Uniti

Razzie87

1-2 anni

What is the minimum deposit for Sheer Markets?

WikiFX Rispondi

The minimum deposit for Sheer Markets is $200, which is reasonable, but a bit higher than what I’ve seen with some other brokers, where the minimum can be as low as $50. For me, this amount isn’t a huge issue, but it could be a bit steep for traders who are just starting out or those who prefer to begin with a smaller investment.

Broker Issues

Sheer Markets

Deposit

Withdrawal

07-28

Stati Uniti

Interbank Trader

1-2 anni

What account types does Sheer Markets offer?

WikiFX Rispondi

Sheer Markets offers four main account types: Sheer Classic, Sheer Classic Plus, Sheer Prime, and Sheer Prime Plus. The Classic accounts have no commission, but the spreads start from 1.2 pips for Classic and 1.0 pips for Classic Plus, which is a bit higher than the spreads I usually prefer. The Prime accounts offer tighter spreads starting from 0.0 pips, but they charge commissions, which range from $3.5 to $4 per side per lot. For me, I tend to prefer the Prime accounts because I value the lower spreads, despite the added commission.

Broker Issues

Sheer Markets

Platform

Account

Instruments

Leverage

07-20

Stati Uniti