Report a scam Find my broker
Brokers  /  SHEER MARKETS

SHEER MARKETS

Moderate riskForex / CFD broker
🇨🇾 Cyprus · 2-5 years · since 2021-11-22 · Sheer Markets (Cyprus) Limited
CYSEC
Visit site ↗
—/5
★★★★★ ★★★★★
2 reviews ›
1
Licenses ›
1
Withdrawal issues ›
$200
Min. deposit ›
1:100
Max leverage ›
4
Account types ›
41/100
Scam risk ›
0
Clone sites ›
Accounts: SHEER PRIME PLUS · $/€2,500SHEER PRIME · $/€200SHEER CLASSIC PLUS · $/€2,500SHEER CLASSIC · $/€200
▲ 50% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.51/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from SHEER MARKETS? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
No sign that SHEER MARKETS actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
41
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Withdrawal complaints in ~50% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints612%
Offshore registration108%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSheer Markets (Cyprus) Limited
Headquarters🇨🇾 Cyprus
Founded2021-11-22
Years operating2-5 years
Employees0
Official websitesheermarkets.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods1 methods
Withdrawal methods1 methods
InstrumentsFXNDFsEquitiesIndicesCommoditiesCryptocurrencies
Registered address
331, 28th October Avenue, Lido House Block 2, Unit 365, 3106, Limassol, Cyprus

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making (MM)395/20Cyprus—

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
SHEER PRIME PLUS1:100$/€2,500From 0.0From USD 3.5 per lot per side for FX CFDs; From USD 4.5 per lot per side for NDF CFDs✓
SHEER PRIME1:100$/€200From 0.0From USD 4 per lot per side for FX CFDs; From USD 5 per lot per side for NDF CFDs✓
SHEER CLASSIC PLUS1:100$/€2,500From 1.0 no commission✓
SHEER CLASSIC1:100$/€200From 1.2no commission✓

Review analysis AI

Across 2 recent Trustpilot reviews, 0% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.

0
Period:
What users praise
Where reviewers are from
Cambodia1
Italy1

Real user reviews

Where SHEER MARKETS operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇨🇾 Cyprus Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

Similar brokers

CMTrading
Cyprus · TP 4
Guarded ⇄ Compare with SHEER MARKETS
XM
Cyprus · TP 2.3
Guarded ⇄ Compare with SHEER MARKETS
Exness
Cyprus · TP 4.7
Low risk ⇄ Compare with SHEER MARKETS
MultiBank Group
Cyprus · TP 4.3
Low risk ⇄ Compare with SHEER MARKETS

About SHEER MARKETS

SHEER MARKETS is a forex and CFD broker based in Cyprus, with records dating to 2021-11-22. It reports oversight from CYSEC.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Overview compiled by FXCanary from regulatory records and public data. full SHEER MARKETS review