About Sicher Mayor
Company Overview
Sicher Mayor is a financial trading platform that was founded on 4 March 2022. The broker is registered in Saint Lucia but operates from a physical address in Dubai, United Arab Emirates, located at Zajel Building, Room Number 209, Alqayadah Tower, Terminal 2, Al Ittihad Rd., Near International Airport-Dubai. The company behind the Dubai presence is listed as SM ACADEMY UAE LLC.
The broker describes itself as a global CFD broker, though it is important to note that it currently holds no regulatory licence from any recognised financial authority. This absence of regulation is a significant factor for traders to consider. The broker's target audience appears to be retail traders, as indicated by the account offerings and low minimum deposit.
Account Types and Trading Conditions
Sicher Mayor FX offers four account types: Standard, ECN, VIP, and Copy Trading. The Standard and ECN accounts both require a minimum deposit of $50, while the VIP and Copy Trading accounts require $1,000. All accounts provide maximum leverage of 1:500, which is considered high and carries substantial risk.
Spreads vary by account: Standard from 1.5 pips (no commission), ECN from 0.0 pips ($7 per lot commission), VIP from 0.2 pips ($5 commission), and Copy Trading from 1.0 pip (no commission). The broker targets different trader profiles: Standard and ECN for beginners, VIP for advanced traders and scalpers, and Copy Trading for those who wish to follow others.
Trading Platforms and Instruments
The broker offers MetaTrader 5 (MT5) as its trading platform, a widely used platform known for advanced charting, automated trading, and multiple timeframes. According to the website, traders can access a range of instruments including forex, indices, commodities, stocks, metals, and cryptocurrencies.
However, the specific instrument list is not detailed on the site beyond general categories. The broker claims fast execution and tight spreads, but independent verification of these claims is not available due to the lack of regulatory oversight.
Funding and Withdrawals
Sicher Mayor FX states it supports multiple funding methods: bank transfers, credit/debit cards, and e-wallets. Withdrawals are said to be processed within 24 hours with no hidden fees. The broker emphasizes security and transparency in money movement.
Given the unregulated status, traders should exercise caution regarding the safety of funds. The broker does not mention any segregation of client funds or compensation scheme.
Customer Support and Presence
The broker provides customer support via phone, email, and a call-back request form on its website. Support is available in several languages. The contact page shows a UAE phone number (052-376-9773) and email support@sichermayorfx.com.
Sicher Mayor FX has a social media presence on Facebook, Instagram, and LinkedIn, though the activity level is not confirmed. The website includes a client login portal and a partnership area, indicating efforts to attract both individual traders and affiliates.
Overview compiled by FXCanary from regulatory records and public data. full Sicher Mayor review