Overview Of SASA Capital
SASA Capital, Founded In 2018 And Headquartered In Montenegro, Operates Under The Supervision Of SCMN And Offers A Range Of Financial Products And Services Including Foreign Exchange And Derivatives Such As CFDs And Options.
The Company Offers Two Main Account Types: Standard And Gold With Leverage Up To 1:100. Spreads Start From 0.9 Pips For Standard Accounts, 2.7 Pips For Gold Accounts And Specific Commissions For CFD Products.
Clients Can Trade Using The Meta Trader 4 Platform Or The SASA App And Demo Accounts Are Available For Practice. Minimum Deposit Requirement Is 100 Dollars For Standard Accounts And $20,000 For Gold Accounts. Customer Support Can Be Reached By Phone At + 38267085514 Or By Email At Info@sasacapital.com
Is SASA Capital Ltd Legal Or Scam?
SASA Capital Is Regulated By The Capital Markets Commission Of Montenegro (SCMN) And Holds A Straight-through Processing (STP) License That Enables Transactions To Be Processed Directly Without Dealer Intervention.
The Regulatory Status Of The Company Is Active, With License Number 03/2-3/4-19, Ensuring That It Complies With The Regulatory Standards Set By The Authorities Of Montenegro, Providing A Layer Of Trust And Security For Its Clients.
Advantages Of SASA Capital:
- Regulated Entities: SASA Capital Is Regulated By The Montenegro Capital Markets Board, Which Adds A Layer Of Security And Trust For Clients, Who Know That The Company Adheres To Certain Standards And Supervision. A Wide Variety Of Financial Products: The Company Offers A Range Of Financial Products, Including Forex, Derivatives (CFDs, Options), Which Provide A Wealth Of Trading Opportunities For Investors With Different Interests And Strategies.
- Trading Platform: Clients Can Choose To Use The Widely Recognized Meta Trader 4 Trading Platform, Or The SASA App, Which Offers Flexibility And Convenience In Trading Operations.
- Demo Account Availability: SASA Capital Offers A Demo Account, Which Is A Valuable Tool For Beginners To Practice Trading Or Experienced Traders To Test New Strategies Without Risking Real Money.
- Competitive Spreads: The Company Offers Competitive Spreads With A Standard Account Starting At 0.9 Pips, Which Can Be An Advantage For Traders Looking To Minimize Trading Costs.
Disadvantages Of SASA Capital:
- Limited Account Types: With Only Two Account Types (Standard And Gold), Some Traders May Feel That The Options Are Limited, Especially If They Are Looking For More Customized Or Advanced Account Features. Huang
- High Minimum Deposit Requirements For Gold Accounts: The High Minimum Deposit Requirement Of $20,000 For Gold Accounts Can Be A Barrier For Smaller Retail Investors Or Traders Who Do Not Wish To Commit Large Sums Of Money At Once.
- Geographic Restrictions: Being Regulated In Montenegro Alone May Raise Concerns About The Scope Of Regulation And Protection, Particularly For Clients Who Are Used To Being Regulated By A More Widely Recognized Institution.
- CFD Commissions: While Forex Trading Is Commission-free, The Firm Charges Commissions On CFDs, Which May Increase Trading Costs For Clients Who Primarily Trade CFDs.
- Customer Support Limitations: Although Customer Support Is Available Via Phone And Email, The Lack Of 24/7 Support Or Live Chat Options May Cause Inconvenience To Traders Who Prefer Immediate Or 24/7 Assistance.
Products & Services
SASA Markets Offers A Comprehensive Suite Of Financial Products Designed To Meet The Diverse Needs Of Traders Worldwide. Their Product Range Is Designed To Provide Exceptional Liquidity Conditions, Leveraging Their Unique Approach To Product And Service Localization To Optimize Cost And Service Quality In The Global Forex Market.
- Forex Trading: SASA Markets Excels In Providing Forex Liquidity, Offering Traders The Opportunity To Trade Forex In Over 100 Currency Pairs. This Is Made Possible Through Two Main Platforms: Sasa | Pro And The Highly Acclaimed MetaTrader 4 (MT4) Platform.
- Precious Metals: Traders Interested In Precious Metals Can Trade Precious Metals At SASA Markets. This Includes Precious Metals Trading, Providing An Alternative Investment Option That Is Often Seen As A Safe Haven During Times Of Market Volatility.
- Derivatives: SASA Markets Offers A Variety Of Derivatives, Including Options And Contracts For Difference (CFDs), That Enable Traders To Speculate On Price Fluctuations Or Hedge Their Investment Risk. Derivatives Are Financial Instruments Whose Value Is Derived From The Value Of An Underlying Asset, Such As A Commodity, Currency, Index Or Metal.
- Options: SASA Markets Offers Options Trading, Particularly In Currency Pairs And Precious Metals Such As Gold And Silver. Options Give Traders The Right, But Not The Obligation, To Buy Or Sell An Asset At A Predetermined Price For A Specific Time Frame. This Can Be A Powerful Tool For Traders Looking To Capitalize On Their Positions Or Hedge Against Market Volatility.
- Contracts For Difference (CFDs): SASA Markets' CFD Products Allow Traders To Speculate On Price Movements In A Wide Range Of Underlying Assets Without The Need To Own The Actual Asset. This Includes A Wide Range Of CFDs Such As Metals, Energy, Commodities, Indices And Currencies.
- Flow And Ask Options: For More Advanced Traders, SASA Markets Offers A Flow Option And An RFQ (Request For Quote) Option For Non-standard Dates, Enhancing The Flexibility And Depth Of The Trading Strategies That Can Be Adopted.
Account Types
SASA Capital Offers Its Users 2 Types Of Accounts.
- STANDARD ACCOUNT
The Standard Account Offered By SASA Markets Offers Traders Leverage Of Up To 1:100, Allowing Them To Amplify Their Trading Positions.
The Minimum Initial Deposit Required To Open The Standard Account Is 100 Dollars And Is Suitable For A Wide Range Of Traders. Spreads For This Account Type Start At 0.9 Pips And Offer Competitive Trading Conditions. No, Forex Commission, But Applicable CFD Commission Is 12 Dollars.
The Minimum Trading Volume Is Set At 0.01 Lots, Providing Flexibility In Trade Size. It Is Worth Noting That The Standard Account Does Not Offer Interest-free Trading Options And Scalp Trading Is Not Allowed. The Mandatory Position Squaring Level Is Set At 25%, Ensuring Risk Management.
- Gold Account
Tailored For Experienced Or High Net Worth Traders, The Gold Account Also Offers Leverage Of Up To 1:100. The Minimum Initial Deposit Amount For This Account Is Significantly Higher, Set At $20,000.
Spreads Are More Favorable, Starting At 0.7 Pips, Which Can Be Particularly Appealing For Traders Looking To Reduce Their Trading Costs. As With The Standard Account, There Is No Forex Commission, But The CFD Commission Is Slightly Lower At $10.
The Minimum Trading Volume Remains At 0.01 Lots, Providing Precision In Trading Volume. Gold Accounts Also Do Not Support Interest-free Trading Or Scalping, And Maintain The 25% Mandatory Position Squaring Level.
How Do I Open An Account?
To Open A Trading Account With SASA Markets, You Can Follow These Simple Steps:
- Visit The Website: First Navigating Visit The SASA Markets Website. Once On The Website, Look For The Option To Open A Live Account. It Can Usually Be Found On The Home Page, Or Under The Specific Section Labeled "Account" Or "Opening An Account".
- Fill In The Application Form: Click On The Open A Live Account Option To Direct You To The Online Application Form. Fill In The Required Details, Usually Including Personal Information, Financial Background And Trading Experience. This Step Is Essential To Ensure That Your Account Meets Your Trading Needs And Meets Regulatory Requirements.
- Submit Verification Documents: In Order To Comply With Regulatory Standards And Verify Your Identity, SASA Markets Will Require You To Submit A Number Of Documents. This Usually Includes Government Issued Identification Documents (such As A Passport Or Driver's License) And Proof Of Residency (such As Utility Bills Or Bank Statements). Follow The Instructions On The Website To Upload These Documents.
- Deposit Of Funds Into Your Account: Once Your Account Has Been Verified, You Will Need To Deposit Funds To Start Trading. Please Refer To The Minimum Deposit Requirements For Your Selected Account Type (Standard Or Gold). SASA Markets Will Offer A Variety Of Ways To Deposit Funds, Such As Bank Transfers, Credit Cards Or E-wallets.
Leverage And Deposits
Leverage In SASA Markets.
SASA Markets Offers Up To 1:100 Leverage For Its Standard Account And Gold Account Types. This Leverage Ratio Allows Traders To Control Large Positions In The Market With Relatively Little Invested Capital. For Example, Using 1:100 Leverage, Traders Can Control A Position Worth $100,000 Using Only $1,000 Of Their Own Capital.
Deposit Requirements In SASA Markets
At SASA Markets, The Deposit Requirements Depend On The Type Of Account The Trader Chooses. For Standard Accounts, The Minimum Initial Deposit Required Is 100 Dollars. This Makes It An Option Suitable For All Kinds Of Traders, From Beginners To Experienced Traders Who May Prefer To Start With A Lower Capital Commitment.
Gold Accounts, On The Other Hand, Require A Higher Minimum Initial Deposit Of $20,000, Aimed At More Experienced Traders Or Those With Higher Capital Who May Be Looking For More Advanced Features And Lower Spreads.
Spreads & Commissions
Spreads:
SASA Markets Offers Its Traders Competitive Spreads, Depending On The Type Of Account The Trader Chooses.
For Standard Accounts, Spreads Start From 0.9 Pips, Providing An Affordable Option For Traders Who Prefer More Compact Spreads To Reduce Their Trading Costs.
Gold Accounts, On The Other Hand, Offer Lower Spreads, Starting From 0.7 Pips, Attracting Traders Who Are More Experienced Or Have More Capital, Who Want To Further Reduce The Cost Per Trade.
Commissions:
When It Comes To Commissions, SASA Markets Has A Clear Structure Based On The Assets Being Traded.
For Forex Trading, There Are No Commissions, Enabling Traders To Execute Trades Without Worrying About Additional Fees Other Than Spreads.
However, For CFD Trading, There Is A Commission Structure: Standard Accounts, Which Charge A Commission Of 12 Dollars, While Gold Accounts, Have A Slightly Lower Commission Rate Of 10 Dollars.
- SASA | Pro Mobile By Prodigy: Extending Its Platform To The Mobile End, SASA Markets Has Launched SASA | Pro For Android And IOS, Allowing Traders To Experience The Advanced Features Of SASA | Pro On Mobile Devices. The Platform Is Designed To Deliver High Performance And User Experience, Ensuring Traders Can Access Sophisticated Trading Tools And Real-time Market Data Even On The Move.
Customer Support
SASA Capital's Customer Support Is Designed To Help Clients Solve Problems And Provide Necessary Support. Customers Can Contact SASA Capital In The Following Ways:
- Address: If You Need To Visit Or Send A Letter, The Physical Location Of SASA Capital Is Located At 2 Sheikh Zayed Street, Podgorica, Montenegro, Apartment 9, 2nd Floor, Oaza Building, 81000.
- Telephone: For Direct Assistance Or Urgent Matters, Customers Can Contact SASA Capital At + 38267085514. This Telephone Line Provides A Way To Communicate Directly With A Customer Support Representative.
- Email: For Less Urgent Inquiries Or Support Questions, Customers Can Contact SASA Capital By Sending An Email To Info@sasacapital.com. This Option Is Available For Detailed Questions Or When A File Needs To Be Shared.
