Sheer Markets Review 2022

Sheer Markets is a Cypriot broker offering MT4 and MT5 trading in CFDs, forex and equities from across the world.

Sheer Markets is broker that gives traders access to CFD, Forex, Cryptocurrency and Stocks. Traders that like the MetaTrader platforms can choose between both the MetaTrader4 and MetaTrader5 platforms at Sheer Markets.

In terms of features offered to traders, Sheer Markets has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.

Sheer Markets also gives traders access to 4 cryptocurrencies: BTC, ETH, LTC and BCH.

Sheer Markets is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

Sheer Markets Summary

Sheer Markets is a Cypriot broker offering MT4 and MT5 trading in CFDs, forex and equities from across the world.

Ratings

30%
Trust
66%
Instruments
42%
Features
BonusNone
InstrumentsCFD, Forex, Crypto, Stocks
Demo Account
Min. Deposit$200
Min. Trade0.01 lots
Regulated ByCySEC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Sheer Markets offers CFDs on European, UK and US equities, major global indices, commodities (including gold and oil) and cryptocurrencies.

Leverage1:30 Retail, 1:100 Professional
FTSE SpreadVariable
GBPUSD SpreadVariable
Oil SpreadVariable
Stocks SpreadVariable

Forex Trading

Sheer Markets supports trading in major, minor, exotic and emerging markets currency pairs.

GBPUSD SpreadVariable
EURUSD SpreadVariable
EURGBP SpreadVariable
Assets90

Cryptocurrency Trading

Sheer Markets supports CFD trading in four major cryptocurrencies.

SpreadVariable
CoinsBTC, ETH, LTC, BCH

Payment Methods

Sheer Markets accepts the following payment methods:

  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Wire Transfer
Risk Warning – Your capital is at risk

FAQ

Is Sheer Markets Safe?

In our review we gave Sheer Markets a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that Sheer Markets is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does Sheer Markets Accept PayPal?

No, Sheer Markets does not accept PayPal payments.

Is Sheer Markets Halal?

Probably not, as Sheer Markets does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

What trading platforms does Sheer Markets support?

With Sheer Markets you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.

Is Sheer Markets Regulated in the UK?

No, Sheer Markets is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives

Is Sheer Markets Regulated?

Yes, Sheer Markets is regulated by CySEC.

The fact that Sheer Markets is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

Sheer Markets vs Other Brokers

If you want to compare Sheer Markets with other brokers, use the detailed comparisons below.

Sheer Markets vs
Sheer Markets is a Cypriot broker offering MT4 and MT5 trading in CFDs, forex and equities from across the world.