MFSAMongoliaTier 2Licence number
395/20
View licence record- Licence holder
- Held by Sheer Markets
- Licence type and regime
- Market Making(MM)
Not checkedUpdated
At a glance
Regulation on record for Sheer Markets
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
Sheer Markets has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Sheer Markets, strongest authority first.
1 record
- MFSAMongoliaTier 2
Protection
What this licence protects
MFSA's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Negative balance protection
- Complaints routeMFSA Complaints Office
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by Sheer Markets
Answered from the register entries on this page.
Most Popular Questions
Sheer Markets offers a maximum leverage of up to 100:1. This leverage level allows traders to control larger positions relative to their account balance but also involves increased risk.
Withdrawals from Sheer Markets must be made from a verified account, indicating that KYC (Know Your Customer) verification is required. This helps ensure security and compliance with regulatory standards.
The minimum deposit amount at Sheer Markets is 200 USD or EUR. This applies to all supported deposit methods including bank wire transfers, credit/debit cards, Skrill, and Neteller.
Sheer Markets supports deposits via bank wire transfers, credit/debit cards, Skrill, and Neteller. Deposits by wire transfer typically take 1-3 business days, while credit/debit card and e-wallet deposits are usually instant. Withdrawals by wire transfer are processed within 24 hours but may take 2-5 business days to reach the account.
Sheer Markets offers the MetaTrader 5 platform, which is a multi-asset trading platform supporting forex, stocks, and futures. MetaTrader 5 provides advanced analytics, faster execution, and algorithmic trading tools, available on desktop and other devices.
Sheer Markets (Cyprus) Limited is regulated by the Malta Financial Services Authority (MFSA), an onshore regulator. The broker holds a Market Making license and offers client fund insurance up to €20,000 under the Investor Compensation Fund. It is subject to high transparency and regulatory standards.
Sheer Markets has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Sheer Markets holds licence records issued by MFSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by Sheer Markets comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by Sheer Markets has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Sheer Markets has licence records in Mongolia. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.