Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this Review. Review offers its clients a single account type with leverage up to 1:200 and fixed spreads. Micro lots are available for trade.

Besides, an Islamic account that is interest-free and adheres to Islamic Sharia Laws is available with this broker.

The Company. Security of Funds offers online trading in wide range of products, such as CFDs on Commodities, Indices, shares and ETFs, as well as a number of currency pairs both on MeTatrader 4, its web-based Market Trader Platform and Sirix Webtrader. It admits to be a market maker and besides, its is an official partner of the famous football teal ARSENAL F.C.

Founded in 2008, Safecap Investments Limited (Safecap), which operates the site and brand, is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). In addition, the company has also acquired license by the South African Financial Services Board (FSB).

Safecap is a subsidiary of Playtech PLC, a gaming software and services supplier, which is traded on the London Stock Exchange’s Main Market and is a constituent of FTSE 250 index.

Cyprus is becoming more and more popular destination for forex and binary options brokers. CySEC applies certain rules and requirements to Cyprus Investment Firms and sees to their compliance. Brokers must hold at least €730,000 in order to prove their good financial standing and have to keep customer funds in segregated accounts, separated from the company’s operating funds.

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default.

Additionally, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU.

While such regulation undeniably provides clients of licensed brokers with some piece of mind, it doesn’t necessarily mean that everything with regards to the operation of these companies runs smoothly. In July 2015, Safecap was fined €168.000 by CySEC for violating the Investment Services and Activities and Regulated Markets Law. Besides, our team found out a number of complaints against in reputable forex sites. So maybe you should keep your wits about you if you choose to invest with this broker.

Trading Conditions

Minimum Initial Deposit

In order to open an account with, traders have to invest a minimum of $100. Such minimum initial amount is average; however, leading Cyprus-based broker FXTM require just $5 from its clients as a start.

Spreads & Commissions

This broker offers fixed spreads only, amounting to 2 pips for the EUR/USD pair, which is average for the market.

As most fixed-spread brokers, does not charge commission, it gets its remuneration through the spread.

For purposes of comparison, FXTM provides fixed spreads of 1.5 pips on EUR/on its Standard commission-free accounts. For further information, you may look up real-time spreads of 15 leading brokers here.


The maximum leverage level offered by is 1:200, which is average. If you need higher leverage levels, many Cyprus-based brokers offer such – for example, FXTM provides leverage up to 1:1000. You may check out a list of brokers, providing leverage equal to or exceeding 1:500 here.

Do keep in mind, however, that higher leverage also means higher risk of losses, which may exceed initial investments.

Trading Platforms offers its clients web-based Sirix and Markets Trader plstforms. It does not support the most popular trading platform, MetaTrader 4 (MT4) anymore.

The web Markets Trader is not as advanced as the MT4 platform, but is an easy-to-use alternative for those traders who seek some diversity. Besides, Markets Web Trader is fully supported by Android and iOS mobile devices.

In addition, there is another option for clients of – Sirix Web trader. Besides its user-friendly trading environment and Intuitive charts and graphs, it also includes a Social Trading option.

Promotions offers $25 no deposit bonus. Keep in mind that in order to withdraw any profit earned from such bonuses, the broker’s clients must execute a minimum trading volume of $10,000 for every dollar awarded by the Company to their account (e.g. if a client receives $100 bonus, he or she will need to have a minimum trading volume of $1,000,000 for 90 days).

In addition, the brokerage offers a Refer-a-Friend Bonus, the amount of which depends on the referred person’s first deposit amount.

Methods of Payment supports the following payment methods: credit/debit cards, bank wire transfer and e-wallet payment system Skrill. is a Cypriot FX and CFD broker and market maker who offers online trading services on twof trading platforms, however MT4 is not supported.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers. Review Conclusion

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