SHEER MARKETS

Overview of SHEER MARKETS

Sheer Markets, a newly established financial institution, was founded in 2019 by a group of financial professionals with extensive experience in both financial markets and technology. With a mission to provide a new range of products to the retail online trading community, Sheer Markets offers competitive access to a comprehensive instrument range, including NDF CFDs, FX CFDs, cryptocurrency CFDs, foreign exchange, commodities, stocks, cryptocurrencies, and indices.

Pros and Cons

Pros:

- A range of trading instruments: Sheer Markets provides a diverse range of trading instruments, giving users the opportunity to access multiple markets and trade various assets.

- Phone and email support available: They offer phone and email support, making it convenient for users to seek assistance or resolve any issues they may encounter during their trading experience.

Cons:

- No regulation: One of the cons of Sheer Markets is the lack of regulation. This means that they may not be subject to the same oversight and safeguards that regulated brokers have, potentially increasing the risk for customers.

- Limited range of payment options: Another drawback is the limited range of payment options available. This can be inconvenient for users who prefer or require alternative methods of depositing or withdrawing funds.

Regulatory Authority

SHEER MARKETS currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with SHEER MARKETS, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated exchanges to ensure your funds are protected.

Cryptocurrencies Available

SHEER MARKETS offers a range of trading instruments across various categories.

• Equity, Indices & Commodity CFDs: These CFDs allow traders to speculate on the price movements of individual stocks (equities), market indices, and commodities like gold, oil, or agricultural products. Traders can take positions on these assets without owning them physically.

• FX & EMFX CFDs: This category includes Contracts for Difference on Foreign Exchange (FX) and Emerging Market Foreign Exchange (EMFX). Traders can speculate on the price fluctuations of currency pairs and emerging market currencies without owning the actual currencies.

• NDF CFDs: Non-Deliverable Forward Contracts for Difference (NDF CFDs) enable traders to speculate on the future exchange rate difference between two currencies. These contracts do not involve a physical delivery of the underlying currencies.

• Crypto CFDs: SHEER MARKETS offers Contracts for Difference on cryptocurrencies. Traders can speculate on the price movements of digital currencies like Bitcoin, Ethereum, Litecoin and Bitcoin cash.

  

Fees

SHEER MARKETS charges different fees and commissions according to different trading instruments and services. Here are the details of fees or commissions charged by SHEER MARKETS:

Trading Accounts

Equities, Indices, Commodities

The overnight rates for index CFDs are determined by the one month interbank rate of the country in which the index is based. For long positions (buy), there is an additional charge of 2.5%, while for short positions (sell), there is a deduction of 2.5%. This charge or credit is applicable to both long and short positions, except in cases where the one month interbank rate is equal to or below 2.5%. In such situations, the sell position may also incur a charge.

Dormancy Fee

If an account has a positive balance but has not been active for 6 months, it is classified as dormant. Dormant accounts with positive balances will be subject to a monthly maintenance fee of €10.

The above describes one aspect of the fees and commissions charged by Sheer Markets. In addition, Sheer Markets has other fees and commissions for services. It is advisable to consult Sheer Markets official documentation or contact their customer support for a comprehensive list of all fees and commissions charged by the company.

Payment Methods

Is SHEER MARKETS a Good Exchange for You？

1. Beginner traders: SHEER MARKETS may be suitable for beginner traders who are looking to enter the virtual currency market and gain exposure to a variety of cryptocurrencies. The availability of a diverse range of cryptocurrencies for trading can allow beginners to explore different investment options and learn about various digital assets.

2. Privacy-focused traders: The undisclosed registration country or area of SHEER MARKETS and the lack of information about the regulatory authority overseeing its operations may make it appealing to traders who prioritize privacy. These traders may value the potential anonymity and flexibility offered by an exchange that does not disclose detailed regulatory information.

3. Self-reliant traders: The absence of customer support details may be attractive to traders who prefer to navigate the platform independently and do not rely heavily on customer assistance. Self-reliant traders who have experience in virtual currency trading and are comfortable conducting extensive research and analysis on their own may find SHEER MARKETS suitable for their needs.

FAQs

Q: Is SHEER MARKETS regulated？

A: No. It has no regulation.

Q: What cryptocurrencies can I trade on SHEER MARKETS？

A: SHEER MARKETS offers 4 cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin cash.

Q: How can I contact customer support on SHEER MARKETS？

A: SHEER MARKETS provides phone, +357 25 25 40 43 and email, support@sheermarkets.com.

User Review

User 1:

“I've been using SHEER MARKETS for a few months now, and I have mixed feelings about it. On the one hand, I appreciate the wide range of cryptocurrencies available for trading. It's great to have so many options to choose from. However, the lack of information about security measures and regulation is a bit concerning. I wish they would be more transparent in these areas. Also, the customer support is practically non-existent, which can be frustrating when you have an issue. ”

User 2:

“SHEER MARKETS is my go-to exchange for trading cryptocurrencies. I really like the user-friendly interface, which makes it easy for me to navigate the platform and execute my trades. The liquidity is also quite good, ensuring that my orders are filled quickly. The range of cryptocurrencies available is impressive, allowing me to diversify my portfolio. However, the lack of transparency regarding trading fees is a drawback. I wish they would provide more information so that I can accurately calculate my costs.”

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.