SP Markets

SP Markets is a retail forex and CFD broker registered in New Zealand. According to our records, the company was founded on April 30, 2020 (though its own marketing materials state 2024), and operates under the domain sp-investment.com. The broker targets individual traders seeking access to global financial markets through the MetaTrader 4 (MT4) platform.

The broker provides a range of trading instruments including forex, indices, commodities, stock indices, precious metals, and energy. It accepts several payment methods: Comooo, Mastercard, VISA, PayPal, Neteller, Skrill, and Bitcoin. Customer support is available via email at info@spmarkets.com.

SP Markets is currently unregulated. Our records show no regulatory licenses from any known financial authority. This means traders are not protected by a regulatory scheme, such as compensation funds or dispute resolution services.

The absence of regulation is a significant safety concern. FXCanary’s Scam Risk Score for SP Markets is 75 out of 100, indicating a severe risk. Traders should exercise extreme caution and consider the lack of oversight when evaluating this broker.

SP Markets offers trading in multiple asset classes. The broker’s website lists forex pairs, major indices, commodities (such as gold and oil), stock indices, precious metals, and energy products. This variety allows traders to diversify across traditional and alternative markets.

All trading is executed on the MetaTrader 4 platform, a widely-used electronic trading platform known for its advanced charting tools and automated trading capabilities. The broker does not disclose leverage or spreads on its website; these details may be available upon account registration.

SP Markets offers a single account type with a minimum deposit of $100, according to our records. The account provides access to the MT4 platform, which is available for desktop, web, and mobile devices. The broker does not mention any additional account tiers or demo accounts on its official site.

The lack of multiple account options may limit traders who seek variable spreads, commission structures, or premium services. The MT4 platform itself is suitable for both beginner and advanced traders, offering automated trading via Expert Advisors (EAs).

SP Markets accepts a range of payment methods for deposits and withdrawals. These include Comooo, Mastercard, VISA, PayPal, Neteller, Skrill, and Bitcoin. The broker does not specify processing times or fees for transactions on its website.

The inclusion of Bitcoin as a payment method may appeal to crypto-friendly traders. However, the absence of detailed terms suggests that clients should verify conditions directly with customer support before funding an account.

Customer support is available via email at info@spmarkets.com. The broker does not provide a phone number or live chat on its website. Response times are unverified, and there is no FAQ or knowledge base mentioned.

Given the lack of regulatory oversight, responsive customer service is crucial. Traders are advised to test support responsiveness before committing funds.