Seacrest Markets Deposit & Withdrawal

When a broker is barely eighteen months old and has no independent review record, the funding page is where a cautious trader should start — and stop. Our review of Seacrest Markets (PTY) Ltd, registered in South Africa and holding an FSCA derivatives trading licence (no 53315), found a broker that is actively marketing itself as a regulated CFD and forex provider, yet whose deposit and withdrawal mechanics remain largely unverified by third parties.

We cross-checked the official domain, seacrestmarkets.io, and its subdomains against the public register and found the FSCA licence listed in our records. But a licence is not a guarantee of smooth withdrawals. The absence of independent user reviews — and the presence of three exposure or complaint reports in aggregated industry data, with roughly 40% of recent reviews mentioning withdrawal issues — means the funding experience at Seacrest Markets is, at this stage, an unknown. In FXCanary's assessment, that unknown is the single most important fact a trader should weigh before sending money.

Seacrest Markets' own website and help centre describe two live account types — ECN and Classic — both with a stated minimum deposit of $50 or the currency equivalent. The ECN account is marketed with spreads from 0.1 pips and a commission of $7 per lot round turn; the Classic account is described as commission-free with variable spreads. These figures come from the broker's own materials, and we treat them as claims, not verified facts.

What the broker does not clearly disclose on its public pages is the full list of deposit methods, processing times, or any deposit fees. The help centre mentions account types but does not, in the pages we reviewed, enumerate payment providers such as bank transfer, card, or e-wallets. For a trader, that means the practical question — 'how do I actually fund this account, and how long will it take?' — cannot be answered from the public record. We would advise any prospective client to request the full payment schedule in writing before depositing.

Withdrawals are where a broker's true character shows, and here Seacrest Markets is almost silent in its public materials. The website's terms and conditions page focuses on the prop firm side of the business — which, notably, was closed in February 2026 according to the broker's own help centre article — and does not lay out a clear withdrawal policy for live trading accounts. There is no published schedule of withdrawal fees, processing times, or minimum withdrawal amounts that we could verify.

This silence is itself a red flag in our methodology. A broker that cannot or will not state its withdrawal terms in writing leaves the client to discover them after the fact. Combined with the aggregated complaint data pointing to withdrawal difficulties in a meaningful share of recent reviews, we consider the withdrawal process at Seacrest Markets to be unverified and potentially problematic. We are not asserting that withdrawals are broken — we are stating plainly that we cannot confirm they work as advertised.

Seacrest Markets has a history that complicates its funding picture. The broker's own materials state it was formerly known as MyFundedFX, a prop trading firm, and that the prop business was officially closed on February 6, 2026, to focus on the CFD brokerage. This transition matters for funding because prop firm clients may have had different deposit and payout arrangements than live brokerage clients, and the closure raises questions about how those legacy funds were handled.

We found no public record of how the prop firm closure affected client balances, and the broker's help centre article does not address it in the sections we reviewed. For a trader considering Seacrest Markets today, the key takeaway is that this is a broker in transition — one that has already shut down one line of business. That does not make it a scam, but it does make the funding relationship less predictable than with a broker that has a long, stable operating history.

Seacrest Markets (PTY) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under a Derivatives Trading License (EP), licence no 53315. We verified this licence against the public register, and it is genuine. The FSCA is a reputable regulator, and holding a licence means the broker is subject to South African financial conduct rules, including client money segregation requirements.

However, an FSCA licence does not guarantee that withdrawals will be fast, free, or even honoured. It provides a framework for recourse — a client can complain to the FSCA if they believe the broker has breached conduct rules — but it does not insure deposits or guarantee payouts. In our assessment, the licence is a positive signal, but it is not a substitute for a verified track record. For a broker this young, with no independent reviews, the licence is necessary but not sufficient.

Given the lack of independent verification, we recommend a conservative approach to funding any account at Seacrest Markets. First, start with the minimum deposit — $50 — and no more. This limits your exposure while you test the broker's behaviour. Second, make a small withdrawal request as early as possible, ideally within the first week, to see if the process works and how long it takes. A broker that processes a small withdrawal promptly is a better sign than one that delays or adds unexpected fees.

Third, keep a complete record of every deposit, withdrawal request, and communication with support. Screenshots of the platform, emails, and transaction receipts can be crucial if a dispute arises. Fourth, use a payment method that offers some form of recourse, such as a credit card, rather than a wire transfer that is difficult to reverse. Finally, be wary of any pressure to deposit more than you are comfortable with — a legitimate broker will not rush you.

In the course of this review, we were unable to verify several key funding details. We could not confirm the full list of deposit and withdrawal methods, any associated fees, or the processing times. We could not verify the broker's claims about spreads, commissions, or leverage beyond what is stated on its own website. We also could not confirm how the closure of the prop firm affected any legacy client funds.

We also note that the broker's main website, seacrestmarkets.io, displayed a notice stating that 'Seacrest Markets is no longer operating' on at least one page we accessed, while other pages and subdomains remained active and continued to market the brokerage. This inconsistency is concerning and suggests that the broker's operational status may be in flux. We flag this as a material uncertainty that any trader should investigate directly with the broker before depositing.

In FXCanary's assessment, Seacrest Markets is a broker with a genuine FSCA licence but a funding profile that is largely unverified and potentially risky. The broker is young, has a history of closing a prop business, and has attracted a small number of complaints in aggregated data, with a notable share mentioning withdrawals. None of this proves fraud, but it does mean the burden of proof is on the broker to demonstrate that its funding process works.

We advise traders to treat Seacrest Markets with caution: deposit only what you can afford to lose, test withdrawals early, and keep meticulous records. If the broker cannot or will not provide clear, written answers to your funding questions before you open an account, that is a strong reason to walk away. There are many FSCA-regulated brokers with a longer, cleaner track record; until Seacrest Markets builds one, its funding process remains an open question.