Overview of SH markets
SH Markets is a United States-based financial trading company that was founded in 2023.
The company operates in the financial markets without formal regulation, offering a range of instruments for trade, including foreign exchange, various currencies, precious metals like gold and silver, indexes, and crude oil.
For trading, it utilizes the TradingWeb platform. Clients can reach out to their customer support via the email address support@shmarfx.com for assistance and inquiries.
Is SH markets Limited Legit or a Scam?
The National Futures Association (NFA) lists the SH Markets under unauthorized status. Although it holds a Common Financial Service License with license number 0561302, it operates without regulation by any recognized financial authority in the United States.
As a result, this lack of regulatory oversight raises concerns about the company's adherence to industry standards and investor protection measures.
Pros and Cons
Pros of SH markets:
- Diverse Trading Instruments: SH Markets offers a wide array of trading options, including foreign exchange, various currencies, precious metals, indexes, and crude oil, which provides traders with the opportunity to diversify their investment portfolio.
- Modern Trading Platform: By using TradingWeb, the company provides its users with a potentially user-friendly and modern trading platform, which might offer advanced tools and analytics for trading.
- Accessibility: Since the company is based in the United States and offers online support, it may be easily accessible to a large number of traders who prefer digital communication and support.
- No Regulatory Constraints: The lack of regulation can sometimes result in fewer trading restrictions, allowing for more flexible trading strategies and potentially higher leverage options for traders.
- New Market Player: Being founded in 2020 suggests that SH Markets may offer more competitive deals to attract clients in a bid to establish a market presence.
Cons of SH markets:
- Lack of Regulation: The most significant downside is the lack of regulation, which means there's no guarantee of compliance with financial laws, potentially leading to increased risk of fraud and unfair practices.
- Risk to Capital: Without regulatory protection, theres no assurance that client funds are segregated and protected, which can result in a total loss of capital if the company faces financial difficulties or engages in malpractices.
- Limited Track Record: As a relatively new company, SH Markets has a limited history, making it harder for traders to assess the company's financial stability and reliability.
- Potential for Limited Recourse: In the event of disputes or issues, clients may have limited recourse to resolve problems due to the absence of a regulatory body mediating between the company and its clients.
- Reputational Risk: Working with an unregulated company could carry reputational risks for traders, especially if the company is involved in any legal or financial controversies.
Market Instruments
SH Markets offers a range of market instruments and products for trading, which include:
- Foreign Exchange (Forex): They provide the ability to trade in the foreign exchange market, which involves the trading of currencies and is one of the largest and most liquid market sectors globally.
- Currency Pairs: This includes major, minor, and possibly exotic currency pairs, allowing traders to speculate on the exchange rates between different currencies.
- Gold: The company offers gold trading, which is a staple commodity in the financial markets, often sought after for its safe-haven status and hedge against inflation.
- Silver: Similar to gold, silver trading is available and is another precious metal that traders can invest in, which is often used for both industrial purposes and as an investment commodity.
- Indexes: TSH Markets provides the ability to trade on various stock indices, which can include major global indexes. This allows traders to speculate on the overall movement of the stock markets without having to trade individual stocks.
- Crude Oil: As a key energy commodity, crude oil trading is also offered, which is a highly volatile instrument influenced by global economic and political factors.
Trading Platform
SH Markets utilizes “TradingWeb” as its trading platform. Such platforms offer a suite of features that include:
- Real-time Market Data: Traders usually have access to live quotes and can monitor financial markets in real time to make informed decisions.
- Charting Tools: Advanced charting capabilities allow traders to analyze trends and patterns in the markets.
- Trade Execution: Users can execute trades directly through the platform with various types of orders, like market orders, limit orders, stop orders, etc.
- Risk Management Tools: Platforms often include features to manage risk, such as stop-loss orders and margin monitoring.
- Automated Trading: Some platforms support automated trading strategies through the use of algorithms or trading robots.
- Mobile Trading: A mobile version or application is typically available to allow trading on-the-go.
Customer Support
SH Markets provides customer support primarily through their email address, which is listed as support@shmarfx.com. This email-based support system allows clients to reach out with any inquiries, issues, or support needs they may have regarding their trading accounts, platform use, or market instruments.
Conclusion
In conclusion, SH Markets is a financial trading entity based in the United States, established in 2020, which offers a variety of market instruments including currencies, precious metals, indexes, and energy commodities.
The company conducts its trading operations through the TradingWeb platform, attracting a range of traders. However, it is important to note that SH Markets operates without regulatory oversight, which poses significant risks to investors.
Customer support is handled via email, which could offer a direct line of communication for assistance but may lack the immediacy of other support methods. Traders considering SH Markets should weigh the benefits of its offerings against the potential risks associated with an unregulated firm.
FAQs
What types of financial instruments can I trade with SH Markets?
SH Markets offers trading in a variety of financial instruments including foreign exchange (Forex), currency pairs, precious metals like gold and silver, indexes, and crude oil.
What trading platform does SH Markets use?
SH Markets uses the TradingWeb platform for its trading operations.
Can I trade with SH Markets if I am not in the United States?
While SH Markets is based in the United States, you would need to check with their customer support at support@shmarfx.com to confirm if they provide services in your specific country or region.
How can I get support from SH Markets if I encounter issues?
You can reach SH Markets customer support by emailing support@shmarfx.com with any issues or questions you may have.
Amy1218
Japan
After requesting a withdrawal (The system indicates that your account is suspected of money laundering, we recommend that you increase the number of transactions before attempting the withdrawal. We apologize for the inconvenience. After that, if you increase the number of transactions ((!According to the system display, the number of transactions you have made is not yet sufficient, you cannot withdraw money.)), and if you request a withdrawal (((The current transaction The number of transactions is 19. You can apply for withdrawal after completing 31 more transactions. Although the number of withdrawals did not reach 50, I requested a withdrawal and from now on (Customer, according to the information displayed on the system, the principal deposited was 1 million yen, and the profit amount was 12,575.48 If you convert the dollar to Japanese yen, it is 1,896,740 yen. Please confirm )) and ((Regarding tax: 1,896,740 yen ★Normal tax rate: 20.315% Required for normal payment. Tax: 385,322 yen Please contact us again when you are ready to make the remittance.We will provide you with the tax payment account information and the procedure will be completed within 24 hours after the procedure is completed. You can receive the payment for your application. Thank you.
Exposure
2024-04-20
市田 敬子
Japan
The person in charge of the SH markets exchange is Kenji Aoki. I was guided by the LINE investment group and was introduced to an exchange called SH markets through the LINE group and created an account. Every time I deposited money into the SH markets exchange, I used a different personal account. The trading guidance here is given by Nobuaki Nishida and Kazuyoshi Hiramatsu on LINE, and how to increase interest rates. When I was under Kazuyoshi Hiramatsu's guidance, I was told that the trade had high volatility, so in order to avoid the risk of a forced loss cut, I was told to add funds and was also given a loan. I was told that 3% interest would be charged and that it was against the law to make repayments from a trading account, and that I would not be able to withdraw money unless I repaid the loan. Furthermore, due to futures trading provided by Kazuyoshi Hiramatsu, withdrawals will not be possible even during futures trading (for 2 weeks, etc.). The movements of the exchange charts are also interesting. I can open the platform, but I can't open the account page. The exchange is definitely a virtual fraud group. Fraud Please refund the 32 million yen immediately.
Exposure
2024-04-12
市田 敬子
Japan
The person in charge of the SH markets exchange is Kenji Aoki.I was guided by the LINE investment group and was introduced to an exchange called SH markets through the LINE group and created an account. Every time I deposited money into the SH markets exchange, I used a different personal account. The trading guidance here will be given guidance and instructions from Nobuaki Nishida and Kazuyoshi Hiramatsu on LINE, and how to increase profits. When I was under Kazuyoshi Hiramatsu's guidance, I was told that the trade had high volatility, so in order to avoid the risk of a forced loss cut, I was told to add funds and was also given a loan. I was told that 3% interest would be charged and that it was against the law to make repayments from a trading account, and that I would not be able to withdraw money unless I repaid the loan. Furthermore, due to futures trading provided by Kazuyoshi Hiramatsu, withdrawals will not be possible even during futures trading (for 2 weeks, etc.). The movements of the exchange charts are also interesting. I can open the platform, but I can't open the account page. The exchange is definitely a virtual fraud group. Please refund the 32 million yen immediately.
Exposure
2024-04-10
Sokun Kumi
Cambodia
😂😂😂This broker just vanished. I wasn't actively trading with them, pretty close, I mean. A guy named Luke from this platform, really professional, had me convinced they were a good one.
Neutral
2024-07-22
FX1497695345
United States
Good range of trading options at SH Markets, and their platform, TradingWeb, is pretty smooth.
Positive
2024-05-16