Overview of Shareek Capital
Established in 2019 in Cote d'Ivoire, Shareek Capital offers a diverse array of trading assets, encompassing gold, precious metals, oil, major and minor currency pairs, and global equity indices. Its advantages include a variety of account types, a user-friendly MetaTrader 4 platform, and convenient deposit options. However, traders should exercise caution due to the platform's lack of regulatory oversight, raising concerns about transparency and investor protection. It is crucial for users to conduct thorough due diligence, recognizing the associated risks inherent in the absence of regulatory scrutiny.
Is Shareek Capital legit or a scam？
Shareek Capital lacks regulatory oversight, exposing traders to potential risks associated with the absence of supervision. Operating without regulatory scrutiny raises concerns about transparency, fair practices, and investor protection. Traders should exercise caution due to the increased vulnerability to fraudulent activities and potential difficulties in dispute resolution on an unregulated platform like Shareek Capital. Opting for regulated entities is crucial to ensure adherence to industry standards and enhance the overall security and accountability of the trading environment.
Pros and Cons
Pros
Wide Range of Market Instruments: Shareek Capital provides access to a diverse array of trading assets, including gold, precious metals, crude oil, major and minor currency pairs, as well as global equity indices. This variety allows traders to diversify their portfolios and engage in different markets.
Variety of Account Types: Shareek Capital offers multiple account types, such as Micro, Pro, Standard, and Shareek accounts. This caters to a wide range of traders, from beginners to seasoned professionals, allowing them to choose an account that aligns with their preferences and experience levels.
Demo Accounts Available for Practice: The availability of demo accounts across all account types allows traders to practice and refine their strategies in a risk-free environment. This is particularly beneficial for those new to trading or looking to test new approaches.
MetaTrader 4 (MT4) Platform: Shareek Capital employs the widely used MetaTrader 4 (MT4) trading platform. Known for its versatility and advanced technical analysis capabilities, MT4 accommodates traders of all skill levels.
Convenient Deposit and Withdrawal Options: Shareek Capital offers a variety of payment methods for funding trading accounts, including bank transfers, credit/debit cards, e-wallets, and cryptocurrency.
Cons
Lack of Regulatory Oversight: Shareek Capital operates without regulatory oversight, exposing traders to potential risks associated with the absence of supervision. This raises concerns about transparency, fair practices, and investor protection.
High Minimum Deposit Requirement for Some Accounts: While Shareek Capital provides a variety of account types, some, like the Shareek Account, have a high minimum deposit requirement of $50,000.
Market Instruments
Shareek Capital offers a wide variety of trading assets, including:
CFDS TRADING
Gold Trading: Gold is a popular asset for trading due to its high liquidity and stability. Shareek Capital offers CFDs on gold, which allows you to speculate on the price of gold without having to take physical delivery of the metal.
Other Precious Metals: Shareek Capital also offers CFDs on other precious metals, such as silver, platinum, and palladium. These metals can be a good way to diversify your portfolio and hedge against inflation.
Crude Oil: Crude oil is another important commodity that is traded worldwide. Shareek Capital offers CFDs on crude oil, which allows you to speculate on the price of oil without having to take physical delivery of the commodity.
Copper: Copper is an essential metal used in a variety of industries, including construction and electronics. Shareek Capital offers CFDs on copper, which allows you to speculate on the price of copper without having to take physical delivery of the metal.
Petroleum: Petroleum is a liquid hydrocarbon mixture that is used to produce gasoline, diesel, and other fuels. Shareek Capital offers CFDs on petroleum, which allows you to speculate on the price of petroleum without having to take physical delivery of the commodity.
FOREX TRADING
Major Currency Pairs: Shareek Capital offers CFDs on major currency pairs, such as EUR/USD, USD/JPY, and GBP/USD. These currency pairs are the most liquid and widely traded in the world, making them a good choice for beginners.
Minor Currency Pairs: Shareek Capital also offers CFDs on minor currency pairs, such as EUR/GBP, AUD/USD, and USD/CHF. These currency pairs are less liquid than major currency pairs, but they can offer greater potential for profit.
Exotic Currency Pairs: Shareek Capital offers CFDs on exotic currency pairs, such as EUR/TRY, USD/MXN, and USD/ZAR. These currency pairs are the most illiquid and volatile, but they can offer the greatest potential for profit.
Equity Indices:
US Indices: Shareek Capital offers CFDs on major US equity indices, such as the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite. These indices are a good way to gain exposure to the US stock market.
European Indices: Shareek Capital also offers CFDs on major European equity indices, such as the Euro STOXX 50, FTSE 100, and DAX. These indices are a good way to gain exposure to the European stock market.
Asian Indices: Shareek Capital offers CFDs on major Asian equity indices, such as the Nikkei 225, Hang Seng Index, and Shanghai Composite Index. These indices are a good way to gain exposure to the Asian stock market.
Account Types
Shareek Capital offers a variety of account types tailored to meet the diverse needs of traders.
Micro Account:
The Micro Account is designed for traders looking to start with a smaller capital. With a maximum leverage of 1:100, traders can control positions with a minimum deposit of $100. The minimum spread for this account type is set at 2 pips. Traders utilizing the Micro Account have access to the popular MetaTrader 4 (MT4) trading platform and can make use of a demo account to practice and refine their strategies.
Pro Account:
For more experienced traders seeking enhanced features, the Pro Account offers a maximum leverage of 1:100. A higher minimum deposit of $10,000 provides access to this account type with a minimum spread of 2 pips. Like the Micro Account, the Pro Account operates on the MT4 trading platform and provides traders with the option to utilize a demo account for testing purposes.
Standard Account:
The Standard Account caters to traders with a moderate risk appetite. It offers a maximum leverage of 1:100 and requires a minimum deposit of $1,000. The minimum spread for this account type is set at 2 pips. Traders opting for the Standard Account can benefit from the features of the MT4 trading platform and the availability of a demo account for practice.
Shareek Account:
Geared towards seasoned traders and those looking for more advanced trading capabilities, the Shareek Account boasts a maximum leverage of 1:200. This account type requires a higher minimum deposit of $50,000, offering a competitive minimum spread of just 1 pip. Traders can utilize the MT4 trading platform and access a demo account to refine their strategies before executing them in the live market.
Each account type at Shareek Capital provides access to the powerful MT4 trading platform, ensuring a familiar and robust environment for traders at different levels of expertise. The availability of demo accounts across all account types allows traders to hone their skills and test strategies risk-free before engaging in live trading.
How to Open an Account？
Opening an account with Shareek Capital is a straightforward process. Here's a step-by-step guide:
Visit the Shareek Capital Website:
Open your web browser and navigate to the official Shareek Capital website.
2. Explore Account Types:
Take the time to explore the different account types offered by Shareek Capital, namely Micro, Pro, Standard, and Shareek accounts. Consider the features and requirements of each to choose the one that aligns with your trading preferences.
3. Click on “Open an Account”:
4. Complete the Online Registration Form:
Fill out the online registration form with accurate and up-to-date personal information. This may include your full name, contact details, date of birth, and a valid email address.
5. Submit Identification Documents:
After completing the registration form, Shareek Capital may request identification documents to verify your identity. This can include a government-issued ID, proof of address, and potentially financial statements. Ensure you have these documents ready for submission.
6. Fund Your Account:
Once your account is approved, you'll need to fund it to start trading. Shareek Capital typically accepts various deposit methods, including bank transfers and credit/debit cards. Follow the instructions provided by Shareek Capital to deposit funds into your trading account.
It's important to note that specific steps and document requirements may vary, and it's crucial to carefully follow the instructions provided by Shareek Capital during the account opening process.
Leverage
Shareek Capital provides varying maximum leverage levels based on the chosen trading account. The Micro, Pro, and Standard accounts offer a maximum leverage of 1:100, while the Shareek Account provides the option for a higher maximum leverage of 1:200.
It's crucial for traders to grasp the implications of leverage, as it has the potential to amplify both profits and losses in their trading activities. Careful consideration of the chosen leverage level is advised, aligning it with individual risk tolerance and trading objectives to ensure a well-informed and strategic approach to trading on the Shareek Capital platform.
Spreads & Commissions
Shareek Capital offers competitive spreads across its account types. The Micro, Pro, and Standard accounts feature a minimum spread starting from 2 pips, providing cost-effective trading options for various experience levels. The advanced Shareek Account stands out with even tighter spreads, starting from just 1 pip, catering to traders seeking more favorable trading conditions.
Trading Platform
Shareek Capital employs the MetaTrader 4 (MT4) trading platform, a widely adopted and versatile tool in the financial market. Accessible on Windows, Mac OS X, Linux, iOS, and Android devices, MT4 caters to the diverse needs of millions of traders worldwide. Renowned for its advanced technical analysis capabilities and a flexible trading system, MT4 accommodates traders of all skill levels. The platform supports algorithmic trading through Expert Advisors, providing automation for strategic execution. Its intuitive interface enhances user experience, ensuring ease of navigation for both novice and experienced traders. Mobile applications further extend convenience, enabling traders to execute transactions on-the-go.
MT4's innovative features include the Signals service, allowing traders to emulate the strategies of successful peers, and the Market, a platform for acquiring various Expert Advisors and technical indicators. This comprehensive suite of tools positions MT4 as a preferred choice, empowering traders with the resources needed to make informed decisions and execute successful trades across global financial markets.
Deposit & Withdrawal
Shareek Capital offers a variety of convenient and secure payment methods for funding your trading account. These methods include:
Bank Transfer: This is a traditional and secure method for transferring funds. Bank transfers typically take 2-5 business days to process.
Credit/Debit Card: Visa, Mastercard, and Maestro cards are all accepted by Shareek Capital. Credit/debit card deposits are processed instantly.
E-wallets: Shareek Capital supports a variety of popular e-wallets, such as Skrill, Neteller, and WebMoney. E-wallet deposits are processed instantly.
Cryptocurrency: Shareek Capital allows you to deposit funds using Bitcoin, Ethereum, and Litecoin. Cryptocurrency deposits are processed within 24 hours.
Each account type at Shareek Capital, including Micro, Pro, Standard, and Shareek accounts, has specific requirements for the minimum deposit. The Micro Account necessitates a minimum deposit of $100, while the Pro Account requires $10,000, the Standard Account requires $1,000, and the advanced Shareek Account has a minimum deposit of $50,000.
The processing time for deposits and withdrawals at Shareek Capital varies depending on the chosen payment method.
Bank transfers: 2-5 business days
Credit/debit cards: Instant
E-wallets: Instant
Cryptocurrency: Within 24 hours
Customer Support
Shareek Capital provides customer support through various channels, including email at info@shareek.com, and popular social media platforms such as Facebook, Twitter, and Instagram. For precise details on the responsiveness and efficiency of customer support, users are encouraged to directly contact the platform through these channels for inquiries or assistance.
Educational Resources
Shareek Capital offers a range of educational resources to empower traders with knowledge and insights. These resources include:
Trading News: Stay informed about the latest developments in the financial markets with real-time trading news. Timely updates on market events, economic indicators, and global happenings can aid traders in making informed decisions.
Market Analysis: Access comprehensive market analyses to understand trends, potential opportunities, and risks. Shareek Capital provides in-depth evaluations of various financial instruments, helping traders navigate the complexities of the markets.
Technical Analysis: Sharpen your analytical skills with technical analysis resources. Explore charts, patterns, and indicators to make well-informed decisions based on historical price movements and market trends.
Economic Calendar: Plan your trading strategies by staying abreast of important economic events. The economic calendar provides dates and times of key announcements, helping traders anticipate market reactions and adjust their positions accordingly.
Fundamental Analysis: Gain insights into the fundamental factors influencing market movements. Shareek Capital's educational materials cover essential economic indicators, corporate reports, and geopolitical events that impact financial instruments.
These educational resources cater to traders at various skill levels, providing valuable information to enhance their understanding of the financial markets.
Conclusion
In conclusion, Shareek Capital offers a diverse range of assets such as gold, precious metals, oil, currencies, and global indices. While the platform provides advantages such as a variety of account types, a user-friendly MetaTrader 4 platform, and convenient deposit options, traders must navigate the absence of regulatory oversight. This lack of regulation poses inherent risks, potentially impacting transparency and investor protection.
Therefore, prospective users should carefully weigh the advantages against the disadvantages, exercising diligence and awareness in their trading endeavors with Shareek Capital.
FAQs
Q: How do I open an account with Shareek Capital？
A: Visit the official website, explore account types, click “Open an Account,” fill the online form, submit identification documents, and fund your account.
Q: What trading assets does Shareek Capital offer？
A: Shareek Capital provides a diverse range of assets, including gold, precious metals, oil, major and minor currency pairs, and global equity indices.
Q: What is the maximum leverage offered by Shareek Capital？
A: Leverage varies by account type, with the Shareek Account offering the highest at 1:200.
Q: How can I contact Shareek Capital's customer support？
A: Reach out through email at info@shareek.com or connect on social media platforms like Facebook, Twitter, and Instagram.
Q: Are there educational resources available？
A: Yes, Shareek Capital offers trading news, market analysis, technical analysis, an economic calendar, and fundamental analysis to empower traders.
Q: What deposit methods are accepted by Shareek Capital？
A: Shareek Capital supports bank transfers, credit/debit cards, e-wallets (Skrill, Neteller, WebMoney), and cryptocurrency (Bitcoin, Ethereum, Litecoin) for deposits.
