Soho Markets is a foreign exchange broker established in Mauritius on August 12, 2021, mainly providing investors with trading services for financial derivatives such as foreign exchange, metals, energies, commodities, stocks, indices, and contracts for difference, with its headquarters' address being unknown. This broker does not offer services in jurisdictions where it could be in violation of local laws or regulations, such as the United States and Turkey.
Registration Information and Regulatory Status:
Public information on the Soho Markets website shows that its business entity registered in Mauritius is Soho Markets Global Limited, with a registration number of 181778. The specific registration address of the company is Suite 803, 8th Floor, Hennessy Tower, Pope HennessyStreet, Port Louis, 11328, Mauritius. This entity is authorized and regulated by the Mauritius Financial Services Commission (FSC), with a license number of GB21026599.
Upon verification, the Corporate and Business Registration Department (CBRD) of Mauritius lists a registered entity named Soho Markets Global Limited with a registration number of 181778. The Mauritius Financial Services Commission (FSC) also lists investment dealers with the same name. According to Whois information, the domain name of the broker's official website was registered on November 5, 2021.
Account Opening:
To open an account with Soho Markets: visit the broker's official website, click on "Start Trading Now" on the homepage or "Register Now" in the upper-right corner of the page to access the account registration page. Submit your personal information according to the steps and requirements, and once the information is approved, the account will be successfully registered, and the broker will send the user login credentials.
Account Types:
Soho Markets offers two different types of real trading accounts: Standard STP account and ECN account.
Standard STP account:
- Minimum initial deposit: 100 USD
- Account currency: USD
- Minimum spread for Forex: 1.5
- Maximum trading leverage: 1:500
- Contract size (Forex): 100,000
- Stop out level: 80%
- Minimum trade size: 0.01
- Maximum trade size (per trade): 100
- Maximum number of positions (per trading account): 200
ECN account:
- Minimum initial deposit: 10,000 USD
- Account currency: USD
- Minimum spread for Forex: 0.2
- Maximum trading leverage: 1:200
- Contract size (Forex): 100,000
- Stop out level: 80%
- Minimum trade size: 0.01
- Maximum trade size (per trade): 100
- Maximum number of positions (per trading account): 200
Trading Platform:
Soho Markets offers its proprietary trading platform to its users.
Deposits and Withdrawals:
The broker supports deposits and withdrawals through bank transfers and other methods.
Conclusion:
Currently, this broker is marked as "expanding" on Traderknows.
