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SekerFX

Turkey|5-10 years|
Suspicious Scope of Business|High potential risk|

http://www.sekerfx.com.tr/

Website

Rating Index

Contact

+90 (0 212) 334 33 55
sekerfx@sekeryatirim.com.tr
http://www.sekerfx.com.tr/
Büyükdere Cad. No:171 Metrocity A Blok K:4 Esentepe Mecidiyeköy İstanbul

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

SekerFX · WikiFX Survey

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SekerFX · Company Summary

AspectInformation
Company NameSekerFX
Registered Country/AreaTurkey
Founded Year1996
RegulationNot regulated
Market InstrumentsForex, Indices, Commodities, Cryptocurrencies, CFDs based on these assets
Account TypesInstant Auto Account, Demo Account
Minimum DepositTRY 50,000
Maximum Leverage10:1
SpreadsCommission-free trading, revenue earned through bid-ask spread
Trading PlatformsMT5 (Desktop & Mobile)
Demo AccountYes
Customer SupportPhone, Fax, Email (Turkish language only)
Deposit & WithdrawalBank Wire Transfer

SekerFX Information

SekerFX is a Turkish forex broker that provides commission-free trading with leverage up to 10:1 on many different instruments like currency, indices, commodities, and cryptocurrencies. However, the lack of regulation by any well-known financial institution, and their customer service is also limited to Turkish language support.

SekerFX Information

Pros and Cons

ProsCons
Variety of tradable instrumentsLack of regulation
Zero CommissionMT5 Trading Platform, not prividing MT4
Leverage up to 10:1Only Turkish language provided is inconvenient for non-Turkish speakers

Is SekerFX Legit?

SekerFX is not regulated by any regulatory authorities. SekerFX claims they are operated under the regulations set by the Capital Markets Board of Turkey. However, its regulatory information can't been found on the Capital Markets Board of Turkey and it has not been regulated by other well-known regulatory authorities.

Is SekerFX Legit?

What Can I Trade on SekerFX?

SekerFX offers various tradable financial derivatives, including forex, indices, commodities, cryptocurrencies, and CFDs based on these assets.

Tradable InstrumentsSupported
Forex
Indices
Shares
Metals
Commodities
ETFs
Crypto
Energies
Futures

Account Type

SekerFX provides an Instant AutoAccount and a demo account.

SekerFX's Instant Auto Account offers leveraged trading, where the maximum leverage ratio is capped at 10:1.

Account Type

SekerFX Fees

SekerFX claims their trading fees are lower than the industry average.

Trading Fees

SekerFX offers commission-free trading. The brokerage firm earns its revenue from the bid-ask spread. Because the market is highly liquid, this spread is very small.

Swap Rates

Swap rates applied in accordance with market conditions are automatically displayed in US dollars within the “Instant Auto Account” table. It can be accessed through the trading platform.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for which type of traders
MT4//
MT5 (Desktop)
  1. Real-time market monitoring
  2. Order execution
  3. Advanced analytics
  4. Demo account
  5. User-friendly interface
Experienced traders who demand advanced features.
MT5 (Mobile)
  1. iOS/Android compatibility
  2. Real-time quotes
  3. Account management
  4. User-friendly interface
Traders value mobility and convenience.

Deposit and Withdrawal

The minimum deposit to start trading with MB Group is $200.

Deposit Options

Deposit OptionsMin. DepositFeesProcessing Time
BANK WIRE TRANSFERTRY 50,000 or foreign currency equivalent\\

Withdrawal Options

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
BANK WIRE TRANSFER\\\

Customer Service

The customer service provided by SekerFX is very limited. You can only contact them by phone, fax or email. And only Turkish is supported, which is very inconvenient for non-Turkish speakers.

Contact OptionsDetails
Phone(0 212) 334 33 55;(0 212) 334 33 34 (Fax)
Emailsekerfx@sekeryatirim.com.tr
Support Ticket SystemNone
Online ChatNone
Social MediaNone
Supported LanguageTurkish
Website LanguageTurkish
Physical AddressBüyükdere Cad. No:171 Metrocity A Blok K:4 Esentepe Şişli İstanbul
Contact FormNone

The Bottom Line

SekerFX has a competitive advantage in commission-free trading on a variety of tradable financial derivatives. However, its largest risk is the absence of regulation, and having only one Turkish customer service limits its user base. As a result, this broker might be suitable for experienced traders comfortable with the MT5 platform who are fluent in Turkish.

FAQs

Is SekerFX a safe broker to use?

While SekerFX claims to follow Turkish regulations, it's not independently verified, its regulatory information can't been found on the Capital Markets Board of Turkey, using it carries some risk.

What types of accounts does SekerFX offer?

SekerFX has two main account options: an Instant Auto Account for live trading with leverage up to 10:1, and a demo account for practicing with virtual funds.

Is SekerFX good for beginners?

SekerFX is not suitable for beginners. Because of the absence of regulation, and customer service only available in Turkish, which is extremely hostile to newcomers who are unfamiliar with the language

Broker Information

Company Name

SEKER YATIRIM MENKUL DEGERLER A.S.

Abbreviation

SekerFX

Regulatory Status

No Regulation

Platform registered country and region

Turkey

Company website
Company address
  • Büyükdere Cad. No:171 Metrocity A Blok K:4 Esentepe Mecidiyeköy İstanbul

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • sekerfx@sekeryatirim.com.tr

  • sekery@sekeryatirim.com.tr

Company Summary

Review

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