Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Sigma

United Kingdom|2-5 years|
Investment Advisory License|Suspicious Scope of Business|Suspicious Overrun|Medium potential risk|

http://www.sigma-broking.com

Website

Rating Index

Contact

+44 207 011 9696
info@sigma-broking.com
http://www.sigma-broking.com

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Sanction

UK FCA
2022-10-04

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-04-23
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 485362)Investment Advisory Licence Non-Forex License. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United Arab Emirates DFSA(license number: F004667)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Users who viewed Sigma also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

KCM Trade

7.74
Score
5-10 yearsStraight Through Processing(STP)MT4 Full License
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Sigma · Company Summary

Aspect Information
Company Name Sigma
Registered Country/Area United Kingdom
Founded year 2008
Regulation Regulated by United Kingdom FCA,United Arab Emirates DFSA and United States NFA(exceeded)
Minimum Deposit $1,000
Maximum Leverage 1:400
Spreads Start from 0.1 pips
Trading Platforms MetaTrader 4 (MT4),webTrader and mobile apps
Tradable assets Currency pairs and CFDs on indices, commodities, precious metals, stocks and futures.
Account Types Standard Account, Professional Account and Institutional Account
Customer Support Phone: +44 (0) 20 7011 9696,Email: info@sigma-broking.com
Deposit & Withdrawal Credit/debit cards like VISA and MasterCard,wire transfer,cheque and bank draft
Educational Resources Webinars,tutorials, market Analysis

Overview of Sigma

Founded in 2008, Sigma Broking Limited, a subsidiary of Sigma Group, initially specialized in Interest Rate Futures and Options Brokerage. Over time, it diversified its offerings to encompass Fixed Income, Commodities, and Energy. With its headquarters in the heart of London and registration in England and Wales, Sigma has strategically established a presence in North America and Dubai International Financial Centre in the UAE. Notably, Sigma holds multiple licenses: an Investment Advisory License from the UK's FCA (license no. 485362), a Common Financial Service License issued by NFA in the US, and a general finance license granted by Dubai DFSA (license number: F004667).

Overview of Sigma

Is Sigma legit or a scam?

The regulatory situation of Sigma involves three regulatory authority: United Kingdom FCA,United Arab Emirates DFSA and United States NFA. As of now, Sigma has exceeded the regulatory requirements set by all of them.

United Kingdom FCA :

  • Current Status: Exceeded

  • License Type: Investment Advisory License

  • Regulated by: Financial Conduct Authority (FCA)

  • License No.: 485362

  • Licensed Institution: Sigma Broking Limited

United States (US Regulation):

  • Current Status: Exceeded

  • License Type: Common Financial Service License

  • Regulated by: United States authorities

  • License No.: 0485592

  • Licensed Institution: SIGMA AMERICAS LLC

United Arab Emirates (DFSA Regulation):

  • Current Status: Exceeded

  • License Type: Common Financial Service License

  • Regulated by: Dubai Financial Services Authority (DFSA)

  • License No.: F004667

  • Licensed Institution: Sigma Capital Partners MENA Limited

Is Sigma legit or a scam?
Is Sigma legit or a scam?
Is Sigma legit or a scam?

Pros and Cons

Sigma offers an extensive range of market instruments, including stocks, forex, commodities, cryptocurrencies, and more, providing traders with ample opportunities for diversification. Additionally, Sigma offers various account types, catering to traders with different needs and experience levels.

However, one drawback of Sigma is customer support response time. In peak trading hours, customer support response times may be longer than desired, causing inconvenience for traders seeking immediate assistance.

Pros Cons
Diverse Market Instruments Limited Cryptocurrency Selection
User-Friendly Trading Platform Higher Spreads on Certain Instruments
Multiple Account Types Customer Support Response Times
Competitive Leverage
Educational Resources

Market Instruments

Sigma offers an impressive array of market instruments, including currency pairs and CFDs on indices, commodities, precious metals, stocks and futures.

  1. Forex: Major, minor, and exotic currency pairs.

  2. Stocks: A vast selection of global stocks from various exchanges.

  3. Commodities: Precious metals, energy commodities, and agricultural products.

  4. Cryptocurrencies: Popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

  5. Indices: A diverse range of global indices representing different markets.

  6. Options and Futures: Derivative products for traders looking for more advanced strategies.

Market Instruments

Account Types

Sigma offers three types of trading accounts: Standard Account, Professional Account and Institutional Account. All the accounts offer attractive trading conditions and provide a wide range of base currencies to suit the preferences of different traders.

Traders can select the account type that aligns with their trading strategy and enjoy competitive spreads and high leverage for enhanced trading opportunities.

Account Type Standard Professional Institutional
Leverage 100:1 200:1 400:1
Spread Variable Variable Variable
Commission 0.02% per side 0.01% per side 0.005% per side
Minimum Deposit $1,000 $5,000 $10,000
Withdrawal Time 24 hours 24 hours 24 hours
Demo Account Yes Yes Yes
Trading Tools Full suite of trading tools Full suite of trading tools Full suite of trading tools
Customer Support 24/5 customer support 24/5 customer support 24/5 customer support

How to Open an Account?

  1. Visit the SIGMA Website: Start by accessing the official SIGMA website https://sigma-broking.com/

  2. Click on “Open an Account”: Look for the “Open an Account” or similar option on the website's homepage.

  3. Provide Personal Information: You will be prompted to enter your personal information, including your full name, date of birth, residential address, and contact details.

  4. Complete Financial Information: SIGMA may require you to provide financial information, such as your income, employment status, and source of funds.

  5. Identity Verification: To comply with regulatory requirements and enhance security, you will likely need to verify your identity.

  6. Fund Your Account: After successfully completing the registration process and identity verification, you can fund your trading account.

 Open an Account

Leverage

Sigma offers varying leverage options to suit different trader profiles. Leverage ratios include 100:1 for Standard accounts, 200:1 for Professional accounts, and an impressive 400:1 for Institutional accounts, providing traders with flexibility to amplify their positions according to their account type.

Account Type Standard Professional Institutional
Leverage 100:1 200:1 400:1

Spreads &Commissions

Sigma Broking also offers a variety of other asset classes, such as fixed income, options, and futures. Spreads and commissions for these asset classes can vary.

  • Forex: Sigma Broking's spreads for forex pairs typically range from 0.1 pips to 0.5 pips. The commission fee for forex trades is 0.02% per side.

  • Commodities: Sigma Broking's spreads for commodities typically range from 0.5 pips to 1 pip. The commission fee for commodity trades is 0.03% per side.

  • Indices: Sigma Broking's spreads for indices typically range from 1 pip to 2 pips. The commission fee for index trades is 0.04% per side.

Trading Platform

Sigma's trading platform stands out as a user-friendly and feature-rich solution tailored to meet the diverse needs of traders. Here, we highlight the key components that make Sigma's platform a valuable asset for traders:

  1. MetaTrader 4 (MT4): Sigma's platform is anchored by MetaTrader 4, a highly acclaimed and trusted platform for trading various assets, with a primary focus on forex. MT4 is renowned for its robust charting capabilities, advanced technical analysis tools, and algorithmic trading options, making it an indispensable tool for traders.

  2. WebTrader: For traders seeking flexibility and accessibility, Sigma offers WebTrader, a web-based platform accessible directly through your web browser. This feature ensures that you can engage in trading activities from anywhere with an internet connection, without the need for software downloads or installations.

  3. Mobile Apps: Sigma recognizes the importance of on-the-go trading. To cater to this need, the platform provides mobile apps for both iOS and Android devices. These mobile apps empower traders to execute trades, monitor market movements, and stay informed about their portfolios using their smartphones or tablets, ensuring that trading remains accessible and convenient.

Trading Platform

Deposit & Withdrawal

Sigma accepts payments with major credit or debit cards like VISA and MasterCard, as well as e-wallets like Skrill, Neteller, MegaTransfer and bank wire.

Sigma Broking offers a variety of payment methods for its clients, including major credit or debit cards like VISA and MasterCard, as well as wire transfer,cheque and bank draft

  • Wire transfer: This is the most common payment method used by Sigma Broking clients. Clients can wire funds from their bank account to Sigma Broking's bank account.

  • Cheque: Clients can mail a cheque to Sigma Broking's office.

  • Bank draft: Clients can purchase a bank draft from their bank and mail it to Sigma Broking's office.

  • Online payment: Clients can make online payments using a variety of methods, including credit cards, debit cards, and net banking.

Sigma's account types come with different minimum deposit requirements to cater to a range of traders. The Standard account requires a minimum deposit of $1,000, the Professional account has a minimum deposit of $5,000, while the Institutional account demands a higher minimum deposit of $10,000, accommodating traders with varying levels of capital.

Account Type Standard Professional Institutional
Minimum Deposit $1,000 $5,000 $10,000

Sigma Broking charges a variety of fees for its services, including:

  • Brokerage fees: Sigma Broking charges a brokerage fee for each trade that is executed. The brokerage fee varies depending on the asset class and the market that the trade is executed on.

  • Commission fees: Sigma Broking charges a commission fee for each trade that is executed. The commission fee varies depending on the asset class and the market that the trade is executed on.

  • Account fees: Sigma Broking charges an account fee for each account that is opened. The account fee varies depending on the type of account and the level of service that is provided.

  • Other fees: Sigma Broking may also charge other fees, such as deposit fees, withdrawal fees, and inactivity fees.

Customer Support

Sigma offers customer support via multiple channels, including email, live chat, and phone. However, it's essential to note that response times may be longer during peak trading hours.

Phone: +44 (0) 20 7011 9696

Email: info@sigma-broking.com

Customer Support

Educational Resources

Sigma demonstrates a robust commitment to trader education, ensuring traders have access to a variety of resources to enhance their skills and knowledge:

  1. Webinars: Sigma regularly hosts webinars that cover a broad spectrum of trading topics. These live sessions are conducted by experts and provide traders with opportunities to gain insights into market dynamics, strategies, and trading techniques. Attendees can engage in discussions and pose questions, enriching their understanding of the subject matter.

  2. Tutorials: Sigma offers comprehensive tutorials designed to guide traders through the platform's functionalities and assist in the implementation of effective trading strategies. These step-by-step guides cater to traders at all experience levels, aiding them in navigating the platform with ease and confidence.

  3. Market Analysis: Staying well-informed about market trends is crucial for successful trading. Sigma provides timely market analysis reports that serve as valuable resources for traders. These reports offer impartial insights into current market conditions, enabling traders to make informed decisions based on accurate and up-to-date information.

Educational Resources

Conclusion

Sigma is a legitimate trading platform that offers a wide range of market instruments and account types to suit various trader profiles. While it boasts numerous advantages, including a user-friendly platform and competitive leverage. However, one drawback of Sigma is customer support response time. In peak trading hours, customer support response times may be longer than desired, causing inconvenience for traders seeking immediate assistance.

FAQs

  1. Is Sigma a regulated trading platform?

  • Yes, Sigma operates under the regulatory framework of United Kingdom FCA,United Arab Emirates DFSA and United States NFA.

  1. What types of accounts does Sigma offer?

  • Sigma offers Standard Account, Professional Account and Institutional Account, catering to traders with different needs and experience levels.

  1. Can I trade cryptocurrencies on Sigma?

  • Yes, Sigma offers a selection of popular cryptocurrencies for trading.

  1. How do I contact Sigma's customer support?

  • You can contact Sigma's customer support via email, live chat, or phone.

  1. Are there educational resources available for traders on Sigma?

  • Yes, Sigma provides a variety of educational resources, including webinars, tutorials, and market analysis reports to help traders enhance their skills.

Broker Information

Company Name

Sigma Broking Limited

Company Abbreviation

Sigma

Regulatory Status

Exceeded

Platform registered country and region

United Kingdom

Phone of the company
  • +44 207 011 9696

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@sigma-broking.com

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

4

Comments

Write a review

Dantistatic
more than one year
As a long-term user of Sigma, I've generally had smooth transactions over the years. However, I recently discovered that the minimum deposit amount for the Standard account has been raised. I wonder if they could possibly revert it back to being as accessible as it was before?
2023-12-13 15:47
Reply
0
0
小莉【10月飞普吉岛
more than one year
I really appreciate wikifx. My friend received an ad from this company and wanted to make an investment, I told him: Don't worry, I'll check for you if it's safe or not. So I found out on wikifx that the regulatory license of this company is terrible. If my friend invests, he's likely to get scammed! Give this company a bad one star review but I want to give wikifx a five star review lol
2022-11-27 11:11
Reply
0
0
FX1043416457
more than one year
Hi, my lovely friends out there.. We all need to be careful when trading, in as much we gain profits while trading lost can equally occur at any given time. Stay away from those brokers just like Sigma who don’t have any legitimate regulations.
2022-11-24 17:42
Reply
0
0
鲸涛
more than one year
A shit platform, don’t even think of trading with it. It will disappoint you so much, you will 100% lose what you’ve invested. Staying away from it, don’t waste your time or money here.
2022-11-24 14:07
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com