SLFD MARKET is a contract-for-difference broker established in 2024, regulated by financial authorities in multiple jurisdictions. The broker primarily offers CFD trading services across various financial markets, including forex, commodities, and indices.
Corporate Services
Trading Accounts
SLFD MARKET provides a demo trading account and two types of real trading accounts – Standard Account and ECN Account. Details of these accounts are as follows:
The Standard account uses the SLFD MARKET trading platform, with trades executed immediately upon confirmation. This account allows trading of over 250 currency pairs, indices, commodities, and stock CFDs, offering a maximum leverage of 1:500, with spreads starting from 1 pip, and no trading commission. The minimum deposit for this account is $200.
The ECN account is similar to the Standard account but has spreads starting from 0.0 pip and charges a $6 trading commission per round trip.
Trading Platform
According to the broker's website, SLFD MARKET offers the mainstream MT4 trading platform, available on both desktop and mobile.
MetaTrader 4 Desktop:
The MetaTrader 4 desktop version combines simplicity, speed, and comprehensive features, making it a popular choice among global investors. Traders can use SLFD MARKET's customizable charts to adjust trading strategies to meet their needs.
SLFD MARKET Mobile App:
The SLFD MARKET mobile app is available on all mobile platforms, including iOS and Android. The app allows traders to conduct trades anytime, anywhere on their mobile devices while monitoring their trades and adjusting strategies as needed.
Deposit and Withdrawal Methods
SLFD MARKET supports deposits and withdrawals via Mastercard, VISA, NETELLER, Skrill, bank transfers, and more.
Company Background and Regulation
Company Background
According to the broker's website, SLFD MARKET is a globally regulated multi-asset broker founded by traders for traders and investors. The platform's trades are executed through a fiber-optic network connected to the Equinix NY4 data center.
The broker consists of two entities – SLFD MARKET Limited and Y&C FINANCIAL INVESTMENT CO., LTD. Specifically:
SLFD MARKET Limited is regulated by the Vanuatu Financial Services Commission (VSFC), with company number 700455, and is a member of the Financial Commission.
Y&C FINANCIAL INVESTMENT CO., LTD is a company registered in the UK, with registration number 15172116, also registered with the US National Futures Association (NFA) and the US Financial Crimes Enforcement Network (FinCEN), with respective registration numbers NFA ID: 0559240 and MSB: 31000254808319.
Additionally, SLFD MARKET claims to be regulated by the Australian Securities and Investments Commission (ASIC), with an ASFL license number 296805.
Verification of Regulation
Upon verification, the VSFC website shows that the company with license number 700455 is DLS MARKETS LIMITED, while the ASIC website lists the company with ASFL license number 296805 as DLS MARKETS (AUST) PTY LTD. Furthermore, the Financial Commission’s website does not show any company named SLFD MARKET.
Moreover, information concerning Y&C FINANCIAL INVESTMENT stated on the SLFD MARKET website actually pertains to another site www.ycsa7.com, and the NFA website does not list an entity with NFA ID 0559240.
Conclusion
SLFD MARKET is a broker offering CFD trading across multiple asset classes, but lacks actual registered entities and is not authorized or regulated by any financial authorities.
Risk Warning: Trading involves risks, and traders should carefully consider their choice of trading platform. They should conduct a risk assessment and decide based on their investment objectives and level of experience.
