SixTrading Review 2024: Is This Unregulated Broker Safe?

SixTrading is a forex and CFD broker established in 2021 and headquartered in China. The company positions itself as a digital-first trading provider offering multiple account tiers to suit different investment levels. However, despite its modern branding, the broker holds a WikiFX score of 1.53/10, a rating that typically indicates significant risk due to a lack of verified regulatory oversight.

Is SixTrading Legit? Regulatory Status

The most critical factor in evaluating a broker's safety is its license. According to the available data, SixTrading is currently unregulated.

There is no record of SixTrading holding licenses from major financial authorities such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus), nor does it hold offshore registrations. The lack of regulation means that client funds may not be segregated from company funds, and traders have no recourse through compensation schemes if the broker becomes insolvent.

Regulatory Summary

Warning: Trading with an unregulated broker involves high risk. Without supervision from a financial authority, the safety of your capital cannot be guaranteed.

SixTrading Account Types and Minimum Deposits

SixTrading offers a tiered account structure consisting of five different account types. The entry requirements vary significantly, ranging from standard retail amounts to very high capital requirements for their premium accounts.

Account Tiers

1. MICRO Account:

• Minimum Deposit:€250
• Features: Allows scalping and Expert Advisors (EAs).

1. SILVER Account:

• Minimum Deposit:€2,500
• Features: Allows scalping and EAs.

1. GOLD Account:

• Minimum Deposit:€10,000
• Features: Allows scalping and EAs.

1. PLATINUM Account:

• Minimum Deposit:€50,000
• Features: Allows scalping and EAs.

1. EXCLUSIVE Account:

• Minimum Deposit:€200,000
• Features: Allows scalping and EAs.

Trading Conditions

While the broker supports automated trading strategies such as Expert Advisors (EA) and allows scalping, critical trading data is missing. The official disclosures do not specify:

• Maximum Leverage: No data provided.
• Spread Costs: No live spread data is available.
• Trading Software: It is unconfirmed whether they use standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), or a proprietary web trader.

Pros and Cons of SixTrading

Based on the factual analysis of SixTrading's service offerings and regulatory standing, here is a summary of the advantages and disadvantages.

Pros

• Automated Trading: Supports Expert Advisors (EA) and scalping strategies.
• Account Variety: Five distinct account types catering to different deposit levels.

Cons

• No Regulation: The broker is not supervised by any financial authority.
• Low Safety Score: A WikiFX score of 1.53 indicates high potential risk.
• High Deposit Requirements: Higher-tier accounts require substantial capital (€10,000 - €200,000).
• Lack of Transparency: Key details regarding leverage, spreads, and trading platforms are not transparent.

Final Verdict: Can You Trust SixTrading?

SixTrading presents several red flags for potential investors. Although it offers a structured account system and supports algorithmic trading (EAs), the absence of a valid regulatory license is a primary concern. The broker's incredibly low score of 1.53 reflects this lack of safety.

Established recently in 2021 without oversight, SixTrading does not offer the security guarantees provided by regulated entities. Traders looking for a secure environment are advised to look for brokers compliant with Tier-1 regulators.

Protect your capital. For the latest regulatory updates, complaints, and detailed broker audits, use the WikiFX App to check the safety score of any broker before you deposit.