Sheer Markets: Progressive Financial Institution
Sheer Markets describes itself as a young and innovative financial institution, bringing together experienced professionals and financiers. The company claims to be one of the pioneers in providing access to liquidity streams in CFDs on non-deliverable currencies for a wide range of investors. The broker provides traders with access to a variety of financial instruments, including currencies, commodities, stocks, cryptocurrencies, and stock indices.
International Presence and Regulation
Sheer Markets calls itself an international company and claims to be regulated by the Cyprus Securities and Exchange Commission. The company emphasizes its compliance with strict international standards. Legal documents confirming this statement are not available on the website. Company address: 12 Archiepiskopou Makarou III, Christelina Tower, Office 301, Mesa Geitonia 4000, Limassol, Cyprus.
Trading Conditions of Sheer Markets
Experienced professionals at Sheer Markets have developed effective strategies for various types of clients with different goals and initial capital. The company offers the following types of accounts:
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Classic. Base account currency: dollars and euros, MT5 platform, trading instruments (CFDs) MT5FX, NDF, stocks, indices, commodities, cryptocurrencies, spreads from 1.2 points. Minimum initial capital 200 euros/dollars.
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Classic Plus. Minimum investments from 2500 dollars/euros. Spreads from 1 point, leverage 1:30.
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Prime. Investments from 200 euros/dollars. Spreads starting from 0.0 points, commission on FX CFDs From 4 US dollars per lot on each side, commission on NDF CFDs From 5 US dollars per lot on each side, leverage 1:30. Free VPS.NET hosting, market analysis, and consultations.
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Prime Plus. Investments from 2500 euros/dollars. Includes all features of previous accounts, additionally – individual analyst.
Account Funding and Withdrawal from Sheer Markets
The minimum initial capital upon registration is not less than 200 euros/dollars. Clients can use various payment systems for financial transactions: Skrill, Neteller, Visa, Mastercard, as well as bank transfers. Commissions are charged depending on the type of trading account. There are no set maximum amounts for fund withdrawals. Traders can choose any of the offered currencies.
Conclusion
Sheer Markets positions itself as a successful investment company, founded in 2019, which has already gained international recognition. The website features an extensive list of documents, but their legality is not confirmed due to the lack of copies of registration certificates and licenses. The registration address belongs to an offshore zone with a controversial reputation. Clients have access to various trading account options, but there are no incentive programs available.