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SP MARKETS

4.7 / 10 Overall Score

Website: https://uk.spmarkets.com/
Jurisdiction: New Zealand
Operating Since: 5-10 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: SECURITY PLACEMENTS LIMITED
Phone: —
Email: —
Address: —

License Info: [{"监管状态": "FSPR Revoked", "牌照信息": "New Zealand Financial Service Corporate"}]

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# SP MARKETS Company Overview

SP MARKETS is a forex broker based in New Zealand, primarily engaged in providing trading services in foreign exchange, metals, commodities, and indices. The company allows clients to trade through the MetaTrader 4 (MT4) platform, which is recognized globally for its user-friendly interface and robust trading capabilities. Established in 2017, SP MARKETS operates under the registered name Security Placements Limited.

The company claims to have been operational for approximately 5 to 10 years. However, its official website is currently inaccessible, which raises concerns regarding its operational status. The company is registered in New Zealand, although it has faced issues with regulatory compliance.

# Corporate Development

SP MARKETS has not publicly disclosed a detailed historical timeline or notable growth stages. However, it has been indicated that the company has experienced challenges related to its regulatory status. The Financial Service Providers Register (FSPR) license held by SP MARKETS was revoked, which is a significant setback in its corporate development.

There are no available records of awards, certifications, or notable achievements that SP MARKETS has received, suggesting limited recognition within the industry.

# Corporate Structure and Subsidiaries

SP MARKETS operates as a single entity under the name Security Placements Limited. There is no detailed information on additional subsidiaries or branches. The internal organizational structure and leadership details are also not disclosed in the available data.

# Regulation and Compliance

SP MARKETS is currently unregulated, as its license from the Financial Service Providers Register (FSPR) in New Zealand has been revoked. The license number was 548547, previously held by Security Placements Holding Limited. This revocation indicates serious compliance issues, and clients are advised to exercise caution when considering trading with SP MARKETS.

There are no details available regarding client fund protection policies, such as segregation or insurance. The lack of regulatory oversight raises significant concerns regarding the safety and integrity of client funds.

# Global Presence and Market Coverage

SP MARKETS claims to serve clients in various markets, primarily focusing on foreign exchange, metals, commodities, and indices. However, specific geographic markets served or local branches are not detailed in the available information. Partnerships or regional strategic initiatives are also not mentioned, limiting insight into its global presence.

# Financial and Operational Data

The available data does not provide specific information regarding the size of SP MARKETS' operations, such as the number of employees, customers, or transaction volume. Financial data has not been disclosed publicly, and there are no details on technology or infrastructure investments.

# Reputation and Industry Standing

SP MARKETS has a low reputation within the forex and financial community due to its unregulated status and the revocation of its license. Public reviews and ratings indicate a cautious stance from potential clients, as the company is considered high-risk. The lack of cooperation with major financial institutions further diminishes its credibility and long-term reputation.

# Summary

SP MARKETS is a forex broker with a troubled regulatory background, having lost its license in New Zealand. The company's lack of regulation, coupled with an inaccessible website and limited information about its operations, raises significant concerns about its integrity and reliability in the financial market. Prospective clients should exercise extreme caution and consider the high risks associated with trading through SP MARKETS.

Account Types

# SP MARKETS Account Types

SP MARKETS offers a streamlined account structure catering to various trading needs. Below are the available account types:

| Account Type   | Minimum Deposit | Spreads/Commission        | Leverage Limits | Trading Instruments                      | Base Currencies Supported | Execution Model | Unique Features                   |
|----------------|------------------|---------------------------|------------------|-----------------------------------------|---------------------------|------------------|-----------------------------------|
| One Account     | $10              | Avg. spreads from 0.9 pips; Commission $5 per lot per side for futures and spot commodities | Up to 1:1000      | Currencies, Indices, Metals, Commodities, Energies, Shares | USD, EUR, GBP, AED       | STP              | Competitive pricing, unlimited orders, dedicated account manager, personalized support, swap-free option |
| Islamic Account | $10              | Avg. spreads from 0.9 pips; Commission $5 per lot per side for futures and spot commodities | Up to 1:1000      | Currencies, Indices, Metals, Commodities, Energies, Shares | USD, EUR, GBP, AED       | STP              | Swap-free option, competitive pricing, dedicated account manager |

# SP MARKETS Broker Account Opening Process

To open an account with SP MARKETS, follow these steps:

1. **Visit the Registration Page**: Go to the SP MARKETS website and click on the "Sign Up" button.
2. **Fill in Personal Information**: Enter your email and create a password, ensuring it meets the required criteria.
3. **Select Country of Residence**: Choose your country from the dropdown menu and click continue.
4. **Complete Your Profile**: Provide your personal details, including your name, address, employment status, profession, annual income, and investment amount.
5. **Review Terms and Policies**: Read through the terms and policies, then confirm your acceptance.
6. **Email Verification**: Check your email for a verification link and click on it to verify your account.
7. **Funding Your Account**: Deposit a minimum of $10 using the available funding methods to start trading.
8. **Start Trading**: Once your account is funded, you can access various trading platforms.

This process ensures that you are set up and ready to trade with SP MARKETS efficiently.

Deposit & Withdrawal

# SP MARKETS Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## SP MARKETS Minimum Deposit Explained

### Exact Minimum Deposit Amount
The minimum deposit required to open an account with SP MARKETS is **$100**.

### Account-Type Comparison
SP MARKETS offers several account types, each with different minimum deposit requirements:
- **Mini Account**: $100
- **Bronze Account**: $5,001 - $10,000
- **Silver Account**: $10,001 - $15,000
- **Gold Account**: $15,001 and above

### Regional Differences
While the minimum deposit is generally standardized at $100, regional policies may affect the accepted payment methods and processing times.

### Advantages
1. **Low Entry Barrier**: A minimum deposit of $100 makes it accessible for new traders.
2. **Multiple Account Types**: Options for various trading levels and capital.
3. **Diverse Trading Instruments**: Access to forex, metals, commodities, and indices.
4. **Educational Resources**: SP MARKETS provides training materials for beginners.

### Disadvantages
1. **Limited Regulation**: SP MARKETS is currently unregulated, posing potential risks.
2. **High Minimum for Higher Tiers**: Significant capital is required for advanced account types.
3. **Limited Trading Instruments**: Only four types of instruments available.
4. **Website Accessibility Issues**: The official website has been reported as inaccessible.

### Competitor Comparison
Compared to other brokers, SP MARKETS’ minimum deposit is competitive. For instance, some brokers require a minimum of $250 or more, while SP MARKETS allows entry at just $100.

## SP MARKETS Deposit Methods Comprehensive Guide

### Deposit Methods Overview
SP MARKETS supports various deposit methods, including:

1. **Bank Transfer**
   - **Processing Time**: 3-5 business days
   - **Fees**: Typically free; bank charges may apply
   - **Availability**: Global
   - **Limits**: Minimum $100, no maximum limit
   - **Pros**: Secure, widely accepted
   - **Cons**: Slower processing time

2. **Credit/Debit Cards**
   - **Processing Time**: Instant
   - **Fees**: No fees charged by SP MARKETS
   - **Availability**: Global
   - **Limits**: Minimum $100, maximum varies by card issuer
   - **Pros**: Fast processing, user-friendly
   - **Cons**: Some banks may impose fees

3. **E-Wallets (e.g., Skrill, Neteller)**
   - **Processing Time**: Instant
   - **Fees**: No fees charged by SP MARKETS
   - **Availability**: Global
   - **Limits**: Minimum $100, maximum varies by provider
   - **Pros**: Quick and secure transactions
   - **Cons**: May require additional account setup

4. **Cryptocurrency**
   - **Processing Time**: Instant
   - **Fees**: Varies based on blockchain fees
   - **Availability**: Limited by regional regulations
   - **Limits**: Minimum $100, maximum varies
   - **Pros**: Anonymity and low fees
   - **Cons**: Volatility and potential regulatory issues

5. **Local Payment Options**
   - **Processing Time**: Varies (typically instant)
   - **Fees**: Varies by provider
   - **Availability**: Region-specific
   - **Limits**: Minimum $100, maximum varies
   - **Pros**: Convenient for local traders
   - **Cons**: Limited to certain regions

### Supported Currencies and Recommended Methods
SP MARKETS supports multiple currencies, including USD, EUR, and GBP. For the fastest processing, credit/debit cards and e-wallets are recommended.

## SP MARKETS Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in** to your SP MARKETS account.
2. Navigate to the **Deposit** section.
3. Select your preferred **deposit method**.
4. Enter the **amount** you wish to deposit and any required details.
5. **Confirm** the transaction.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms, although the layout may differ slightly. Mobile users may find the app more streamlined.

### KYC Notes and Common Issues
- **KYC Verification**: You may be required to complete identity verification before your first deposit.
- **Common Issues**: If your deposit fails, check for sufficient funds, correct payment details, and any regional restrictions.

### Typical Fund Crediting Times
Deposits via credit/debit cards and e-wallets are usually credited instantly, while bank transfers may take 3-5 business days.

## SP MARKETS Withdrawal Methods Overview

### Withdrawal Channels
SP MARKETS supports the following withdrawal methods:

1. **Bank Transfer**
   - **Processing Time**: 3-5 business days
   - **Fees**: Generally free; bank charges may apply
   - **Limits**: Minimum $50, no maximum limit
   - **Pros**: Secure and reliable
   - **Cons**: Slower compared to other methods

2. **Credit/Debit Cards**
   - **Processing Time**: 1-3 business days
   - **Fees**: No fees charged by SP MARKETS
   - **Limits**: Minimum $50, maximum varies
   - **Pros**: Fast processing
   - **Cons**: Must withdraw to the same card used for deposits

3. **E-Wallets (e.g., Skrill, Neteller)**
   - **Processing Time**: Instant to 1 business day
   - **Fees**: No fees charged by SP MARKETS
   - **Limits**: Minimum $50, maximum varies
   - **Pros**: Quick and convenient
   - **Cons**: May require prior deposit via the same method

4. **Cryptocurrency**
   - **Processing Time**: Instant
   - **Fees**: Varies based on blockchain fees
   - **Limits**: Minimum $50, maximum varies
   - **Pros**: Low fees and anonymity
   - **Cons**: Volatility and regulatory concerns

### Recommended Options by Cost and Speed
For low fees and fast processing, e-wallets and cryptocurrencies are recommended. Bank transfers, while secure, are slower.

## SP MARKETS Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in** to your SP MARKETS account.
2. Navigate to the **Withdrawal** section.
3. Select your preferred **withdrawal method**.
4. Enter the **amount** you wish to withdraw and any required details.
5. **Submit** your withdrawal request.

### ID Verification Requirements
You may need to complete identity verification before processing your first withdrawal. Ensure all documents are up-to-date.

### Expected Fund Arrival Time
- **E-Wallets**: Instant to 1 business day
- **Credit/Debit Cards**: 1-3 business days
- **Bank Transfers**: 3-5 business days

### Typical Delay Reasons and Fixes
Common reasons for delays include incomplete KYC verification, incorrect payment details, or bank processing times. Ensure all information is accurate and complete to avoid delays.

## FAQs – SP MARKETS Deposits & Withdrawals

### What is the minimum deposit for SP MARKETS?
The minimum deposit for SP MARKETS is **$100**.

### How long do withdrawals take?
Withdrawal times vary by method:
- **E-Wallets**: Instant to 1 business day
- **Credit/Debit Cards**: 1-3 business days
- **Bank Transfers**: 3-5 business days

### Are there fees for deposits or withdrawals?
SP MARKETS does not charge fees for deposits or withdrawals, but your bank or payment provider may impose their own fees.

### Can the same method be used for both?
Yes, typically the same method used for deposits should be used for withdrawals.

### Are crypto or local methods supported?
Yes, SP MARKETS supports cryptocurrency deposits and withdrawals, along with various local payment methods depending on the region.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

SP MARKETS

SP MARKETS

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