FAQ - SEC Markets
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FAQ

Frequenlty Asked Questions

Welcome to our Trading FAQ page, your one-stop resource for answers to the most frequently asked questions about trading.

It is simple and quick. Click on OPEN LIVE ACCOUNT, fill in the form, upload your documents and your account will be verified within 48 hours.

It takes under few minutes to open an account, as long as all the information provided is correct.
Yes, you do. All account holders need to send a proof of identity and a proof of residence.
If you have already opened a trading account, received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the MT5 trading platform.
Yes, we do offer Islamic accounts for a short duration.
Yes, you can open multiple trading accounts from within your client portal.

We offer USD and EUR base currency accounts at the moment.

Most popular currencies are the USD, EUR, GBP, JPY, CHF, CAD,AUD.
No, we do not charge any monthly fees for trading.
No, we do not charge any monthly fees for trading.

You can change your password yourself from the Members Area or email backoffice@secmarkets.com.

You can retrieve your password from the Members Area. Alternatively you may send an email to backoffice@sec-markets.com.

No, we do not offer managed accounts.

You can register for a Demo account by clicking here OPEN DEMO ACCOUNT.

The demo account expires after one month.
The minimum deposit for a Live account is $100 USD.
SEC Markets is regulated by FSA, Saint Vincent and the Grenadines. Client accounts are held in segregated bank accounts. These accounts can only be touched by the clients themselves
The regular trading hours for CFD are 24hours a day from Monday 00:05 to Friday 23:55. Please note that Metals, Gold and Silver(Symbols: XAU and XAG), as trading instruments have different trading hours. Weekdays trading sessions are from 1:00 to 24:00 Server time. Trading opens on Monday at 01:05 and on Friday closes at 24:00.
No, our spreads are variable.
Yes, we do allow news trading.
Yes, we do allow hedging.
Yes, we do allow scalping.
We offer 1:100 – 1:500 leverage
No, we do not interfere with your trading activity. Your positions will not be lost if you go offline as trading continues uninterrupted on the SEC Markets trading server.
It is the cost of carrying over a trading position from the current day to the next one. An overnight interbank rate is usually used for calculating the cost.
When placing a trade in the spot CFD market, the actual value date is two days forward, for instance, a deal done on Thursday is for the value of Monday, a deal done on Friday is for the value of Tuesday, and so on. On Wednesday, the rollover amount is tripled to compensate for the following weekend (during which time rollover is not charged because trading is stopped at weekends).
SEC Markets does not provide live CFD tutorials at present but it is very much a future plan.
SECMarkets does not accept US Clients.
No, we don’t offer VPS service at the moment.

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