Seacrest Markets

Seacrest Markets has a WikiFX score of 1.40 out of 10, indicating significant concerns. The firm holds an FSCA Derivatives Trading License under the entity MY FUNDED FX (PTY) LTD, but this license is listed as 'Unverified' and lacks confirmed mainstream forex regulatory status. The absence of verified regulation and negative user feedback suggest a high-risk profile. Traders should exercise extreme caution.

Seacrest Markets holds a Derivatives Trading License (EP) from the Financial Sector Conduct Authority (FSCA) of South Africa, under the entity MY FUNDED FX (PTY) LTD. However, this license is currently marked as 'Unverified' by WikiFX, meaning it has not been confirmed as a valid mainstream forex license. The broker does not have any other verified regulatory licenses.

The minimum deposit for Seacrest Markets is not publicly disclosed. Traders would need to contact the broker directly for this information.

According to WikiFX data, Seacrest Markets supports the MetaTrader 5 (MT5) trading platform.

Pro: Offers the MetaTrader 5 platform. Cons: 1. Regulatory license is unverified, lacking credible oversight. 2. Multiple user complaints about trade execution failures and withdrawal delays. 3. Trading conditions such as minimum deposit and leverage are not publicly disclosed.

Yes, WikiFX has recorded multiple user complaints against Seacrest Markets. Users have reported issues including trade execution failures, prolonged withdrawal delays, and adverse slippage. These complaints indicate significant operational challenges.

Seacrest Markets is registered in South Africa and holds an unverified FSCA license. There is no indication that it is authorized to offer services in the United States. US residents should verify availability directly with the broker.

Seacrest Markets is not considered suitable for beginners due to its unverified regulatory status, lack of transparent trading conditions, and negative user complaints regarding execution and withdrawals. Beginners should prioritize brokers with verified regulation and clear terms.

Deposits and withdrawals at Seacrest Markets have been reported as problematic. User complaints indicate withdrawal delays of 48 hours or more, with requests stuck in 'pending' status and unresponsive customer support. The convenience and speed are therefore poor.

The fees and spreads at Seacrest Markets are not publicly disclosed. WikiFX data does not provide specific spread or commission information. Traders should contact the broker for detailed fee structures.

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