Sheer Markets is a contract for difference trading platform established in 2019, registered in Cyprus under the name Sheer Markets (Cyprus) Limited. The company provides a variety of financial trading services to global clients, covering forex, stocks, indices, futures, and cryptocurrencies. The official website of Sheer Markets is www.sheermarkets.com.
Company Overview
Sheer Markets was officially registered on November 29, 2019, and received authorization and regulation from the Cyprus Securities and Exchange Commission (CySEC) in 2020, with license number 395/20. The company's registered location is in Limassol, Cyprus, with the address Griva Digeni 78, Second Floor, Flat B1, Neapoli, 3101, Limassol Cyprus. Previously known as AUDAX MARKETS LTD, it later changed its name to Sheer Markets (Cyprus) Limited.
Board Members
- SERGIUS STILIANOU (Director)
- EUDOKIA PITTSILLIDOU (Director)
- IORDANIS GRIGORIOU (Director)
- HOWARD RICHARD CARR (Director)
- ALEXANDER HENRY LADOUCEUR (Director)
- L. LYSANDROU CONSULTING LTD (Secretary)
Corporate Services
Trading Instruments
Sheer Markets offers a wide range of trading options, including:
- Forex (FX): Involves the exchange of different currencies and is one of the largest markets by global trading volume. Traders profit from the fluctuations in forex pairs like EUR/USD and GBP/USD.
- Stocks (Equities): These are shares issued by companies representing ownership in the company. The stock market is where investors buy and sell company shares. Through stock investments, investors can earn dividends and capital gains.
- Indices: Tools for measuring stock market performance, usually comprising multiple company stocks. Investors gain from the overall market movements trading indices like the S&P 500 and NASDAQ-100.
- Commodities (Futures): Futures are financial instruments related to raw materials like gold, oil, and natural gas. The goal of futures trading is to profit from price fluctuations.
- Cryptocurrencies: Digital currencies using blockchain technology for trading, such as Bitcoin and Ethereum, are well-known cryptocurrencies. They operate in a decentralized manner and are known for high volatility and potential returns.
Trading Platform
Sheer Markets offers the MT5 (MetaTrader 5) trading platform for CFD trading. The platform supports various financial instruments and provides relevant information through its broker list.
Account Types
Sheer Markets provides multiple account types to suit different traders' needs:
SHEER CLASSIC Account
- Base currency: EUR, USD
- Trading platform: MT5
- Instruments: Forex, Spot CFDs, Stocks, Indices, Commodities, Cryptocurrencies
- Spread starts at: 1.2 pips
- Commission: See fees section
- Minimum deposit: $/€200
- Max leverage (retail clients): 1:30
- Max leverage (professional clients): 1:100
- Free VPS hosting: No
- One-on-one mentoring: No
- Market analysis and commentary: Yes
SHEER CLASSIC PLUS Account
- Base currency: EUR, USD
- Trading platform: MT5
- Instruments: Forex, Spot CFDs, Stocks, Indices, Commodities, Cryptocurrencies
- Spread starts at: 1.0 pips
- Commission: See fees section
- Minimum deposit: $/€2,500
- Max leverage (retail clients): 1:30
- Max leverage (professional clients): 1:100
- Free VPS hosting: Yes
- One-on-one mentoring: Yes
- Market analysis and commentary: Yes
SHEER PRIME Account
- Base currency: EUR, USD
- Trading platform: MT5
- Instruments: Forex, Spot CFDs, Stocks, Indices, Commodities, Cryptocurrencies
- Spread starts at: 0.0 pips
- FX CFD commission: From $4 per lot per side
- Spot CFD commission: From $5 per lot per side
- Minimum deposit: $/€200
- Max leverage (retail clients): 1:30
- Max leverage (professional clients): 1:100
- Free VPS hosting: No
- One-on-one mentoring: No
- Market analysis and commentary: Yes
SHEER PRIME PLUS Account
- Base currency: EUR, USD
- Trading platform: MT5
- Instruments: Forex, Spot CFDs, Stocks, Indices, Commodities, Cryptocurrencies
- Spread starts at: 0.0 pips
- FX CFD commission: From $3.5 per lot per side
- Spot CFD commission: From $4.5 per lot per side
- Minimum deposit: $/€2,500
- Max leverage (retail clients): 1:30
- Max leverage (professional clients): 1:100
- Free VPS hosting: Yes
- One-on-one mentoring: Yes
- Market analysis and commentary: Yes
Educational Resources
Sheer Markets offers some educational resources focusing on explaining financial terms, aiding beginners in understanding basic financial concepts. However, the platform does not provide comprehensive online courses or training resources.
Deposit and Withdrawal Methods
Currently, Sheer Markets supports deposits and withdrawals through bank wire transfers only, with no additional fees for processing.
Regulation and Compliance
Sheer Markets (Cyprus) Limited received authorization from the Cyprus Securities and Exchange Commission (CySEC) on December 18, 2020, ensuring legitimate regulation.
Customer Support and Contact Information
Sheer Markets offers various customer support methods, including an online contact form on their website, email (support@sheermarkets.com), and phone support (+357 25861400).
The platform has not yet launched social media accounts, so all customer communication relies on the methods mentioned above.
Portfolio Management
Sheer Markets also offers portfolio management plans, including multi-strategy and single-strategy plans, allowing users to choose and invest according to their personal needs.
Conclusion
Sheer Markets is a financial broker registered in Cyprus, providing a variety of trading instruments, and offering some level of security through CySEC regulation.
