Soyam Trade Limited Review 2025

What is Soyam Trade Limited?

Soyam Trade Limited is a forex brokerage firm that was established recently. The company is registered in Hong Kong and was incorporated on November 26, 2021. As of the date of incorporation, the company has been operating for 1 year, 3 months, and 18 days. The firm offers its clients access to multiple financial markets. These markets include Foreign Exchange, Nobel Metal, Futures, and Cryptocurrency. To facilitate trading, Soyam Trade Limited provides access to the leading MT5 trading platform. One of the key features of Soyam Trade Limited’s offerings is the leverage it provides to its clients. The firm offers leverage up to 1:400. This high leverage can potentially amplify the profits of successful trades. However, it’s important to note that it can also magnify losses. In conclusion, Soyam Trade Limited is a newly established forex brokerage firm based in Hong Kong. It offers a range of financial products and services, including access to various financial markets and a high leverage ratio. As with any financial decision, potential clients should carefully consider the risks and rewards before choosing to trade with Soyam Trade Limited.

What is the Review Rating of Soyam Trade Limited?

What are the Pros of Soyam Trade Limited?

Soyam Trade Limited, a newly-established forex brokerage firm. , has several advantages that make it a noteworthy player in the financial markets. 1. Access to Multiple Financial Markets: Soyam Trade Limited offers its clients access to a variety of financial markets. These include Foreign Exchange, Nobel Metal, Futures, and Cryptocurrency. This wide range of options provides traders with the flexibility to diversify their portfolios and explore different investment opportunities. 2. Use of MT5 Trading Platform: The firm utilizes the leading MT5 trading platform. This platform is popular worldwide and is known for its robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface. 3. High Leverage: Soyam Trade Limited offers leverage up to 1:400. This high leverage allows traders to control larger positions with a smaller amount of money, potentially leading to greater profits. However, it’s important to note that while higher leverage can lead to increased profits, it can also result in increased losses. 4. Fast and Direct Online Trading: The trading system of Soyam Trade Limited has powerful functions and can provide customers with fast and direct online trading. This can be particularly beneficial in the fast-paced world of forex trading, where speed and efficiency are key. 5. Global Contracts: The cooperation between Soyam Trade Limited and Suchton provides customers of Soyam Trade Limited with contracts of major exchanges around the world and rapid transaction execution. This global access can be a significant advantage for traders looking to tap into international markets. However, it’s important to note that there have been some concerns raised about the legitimacy of Soyam Trade Limited. Therefore, potential clients should conduct thorough research and consider all factors before deciding to trade with this firm.

What are the Cons of Soyam Trade Limited?

Soyam Trade Limited, a newly-established forex brokerage firm, has several potential drawbacks that could pose risks to investors. These include:. Lack of Regulation: Soyam Trade Limited is not governed by any regulatory authorities. This lack of oversight can pose significant risks to investors, as there is no guarantee of the firm’s compliance with standard financial practices and regulations. High Potential Risk: The firm’s regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.15 out of 10 overall. This indicates a high potential risk for investors. Unrealistic Promises: The broker may make a number of false claims through its website. The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders. Continuous Calls to Traders: The broker makes continuous calls to the traders and urge them to invest higher and higher amounts. Withdrawal Issues: This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals and ultimately you are not able to make withdrawal. Website Downtime: Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. Name and URL Changes: The broker also changes name and website URL without any notice to existing traders. . Given these factors, potential investors should exercise caution when considering Soyam Trade Limited as a forex trading platform.

Is Soyam Trade Limited Regulated and who are the Regulators?

Soyam Trade Limited is a forex brokerage firm that offers its clients access to multiple financial markets, such as Foreign Exchange, Nobel Metal, Futures, and Cryptocurrency through the leading MT5 trading platform. The company was incorporated on 26-NOV-2021 as a Private company limited by shares registered in Hong Kong. However, it’s important to note that Soyam Trade Limited is not regulated by any regulatory authorities. This information is based on the data available on WikiFX, a platform that provides insights into the regulatory status of various forex brokers. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.15 out of 10 overall. When it comes to trading leverage, Soyam allows traders to use leverage of up to 1:400. This is much above the levels considered appropriate by the vast majority of regulators. In terms of account opening, Soyam states that clients can register up to one trading account. A demo account is also available, which allows beginners to get a feel of this brokerage house without risking their real money. With the Soyam platform, a total of four classes of trading assets are available, which include the following. Foreign Exchange. Precious Metals. Futures. Cryptocurrency. Given the lack of regulation, potential investors should exercise caution when dealing with Soyam Trade Limited. It’s always recommended to choose a forex broker that is regulated by a reputable regulatory authority to ensure the safety of your investment.