How can I open a trading account?
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.
How long does it take to open a trading account?
It takes under few minutes to open an account, as long as all the
information provided is correct.
Do I need to send any documents to open an
Yes, you do. All account holders need to send a proof of identity and a proof of residence.
How can I start trading? Do I need to download any software to trade?
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 MT4/MT5 trading
Do you offer Islamic accounts?
Yes, we do offer Islamic accounts for a short duration.
Can I open more than one account?
Yes, you can open multiple trading accounts from within your client portal.
What account currencies do you offer?
We offer USD and EUR base currency accounts at the moment.
Which are the most commonly traded
Most popular currencies are the USD, EUR, GBP, JPY, CHF, CAD,AUD.
Do you charge a monthly fee for trading?
No, we do not charge any monthly fees for trading.
How do I change my account details? Such as account type, leverage etc?
For any account related changes, please send an e-mail from your
registered e-mail id to backoffice@secmarkets .com with your MT4/MT5 account number and the required change.
How do I change my password?
You can change your password yourself from the Members Area or email email@example.com
I forgot my password. How do I retrieve it?
You can retrieve your password from the Members Area. Alternatively you may send an email to firstname.lastname@example.org
Do you offer managed accounts?
No, we do not offer managed accounts.
How can I register for a Demo account?
You can register for a Demo account by clicking here OPEN DEMO
How long can I have the Demo account for?
The demo account expires after one month.
What is the minimum deposit for a Live account?
The minimum deposit for a Live account is $100 USD.
Is my money safe? Where are my funds kept?
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
What are your trading hours?
The regular trading hours for FX 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.
Do you offer fixed spreads?
No, our spreads are variable.
Do you allow news trading?
Yes, we do allow news trading.
Do you allow hedging?
Yes, we do allow hedging.
Do you allow scalping?
Yes, we do allow scalping.
What leverage do you offer?
We offer 1:100 – 1:500 leverage
Do you close my open positions and orders if I go offline?
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.
What are swaps?
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.
What are rollover rates? Why are they tripled on Wednesdays?
When placing a trade in the spot forex 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).
Do you provide live forex tutorials?
SEC Markets does not provide live forex tutorials at present but it is very much a future plan.
Do you accept US clients?
SECMarkets does not accept US Clients.
Do you offer VPS service?
No, we don’t offer VPS service at the moment.
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