Forex SOHO MARKETS Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

SOHO MARKETS Trading Conditions

Registered Region Cyprus

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@sohomarkets.asia

Contact Number +35725323120

Website www.soho-markets.com

Balanced Review

Pros & Cons

Pros

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Utilizes the widely recognized MetaTrader 4 platform
Competitive minimum deposit requirement of $50 for account opening
24/5 customer support available in multiple languages

Cons

Lacks tier 1 regulation, raising safety concerns
High deposit fees of 2% for transactions below $2,000
Demo account access requires initial deposit
Withdrawal process issues reported by users
Limited educational resources and market analysis tools

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	SOHO MARKETS	XM	InterStellar	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Cyprus	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does SOHO MARKETS Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard STP Account	Beginners and casual traders	Low spreads, no commission	Minimum deposit of $50, suitable for small-capital practice
ECN Account	Experienced traders	Low spreads, high leverage	Minimum deposit of $20,000, requires trading volume qualifications

Account Opening Process

To open an account with SOHO MARKETS, follow these steps: visit the official website and click on the “Start Trading Now” button. Fill out the registration form with your personal information, including name, email address, and phone number. Then, choose your preferred account type. After that, you will need to submit additional information and identification documents for verification. Finally, fund your account with the minimum required amount for your chosen account type. Once your account is verified and funded, you can begin trading on the platform. You also have the flexibility to upgrade to a professional account later if needed.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	1.5	$0	Tight spreads for majors
Forex (Minor Pairs)	Varies	$0	Competitive pricing
CFDs (Stocks)	Varies	$6 per lot	Varied spreads based on market
CFDs (Indices)	Varies	$6 per lot	Varied spreads based on market
CFDs (Commodities)	Varies	$6 per lot	Varied spreads based on market
Cryptocurrencies	Varies	$0	Variable depending on volatility

Other Fees

Other fees may include deposit and withdrawal fees, inactivity fees, platform usage fees (if applicable), overnight interest (swap rates), and currency conversion fees. It is advisable to review these aspects before engaging in trading activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

SOHO MARKETS User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alex Johnson

New York, NY

★ ★ ★ ★ ★

My experience with SOHO MARKETS has been frustrating. I made a withdrawal request weeks ago, and despite multiple emails, I haven’t received any updates. Their support is unresponsive, and my account is currently suspended. I feel stuck and worried about my funds.

Maria Lopez

Miami, FL

★ ★ ★ ★ ★

I regret choosing SOHO MARKETS. I tried to withdraw my money, but the process has been a nightmare. They keep asking for more information, and I’ve received no assistance after several attempts to contact their support team. I feel like I’m being scammed.

David Brown

Los Angeles, CA

★ ★ ★ ★ ★

SOHO MARKETS has a solid trading platform with a user-friendly interface. I appreciate the variety of instruments available for trading, especially the competitive spreads. The customer support has been helpful when I’ve reached out, although there could be faster response times.

Emily Carter

Toronto, Canada

★ ★ ★ ★ ★

I’ve had a great experience with SOHO MARKETS. The setup was quick, and I love using the MetaTrader 4 platform. The spreads are tight, and I’ve found the trading tools to be very effective. Plus, the minimum deposit is quite reasonable!

Cyprus Market