Sicher Mayor

The Sicher Mayor Forex and CFD broker offers both Copy Trading and AI-Powered Trading Tools. It opened its doors in 2022 and has registered itself as a legal entity in Saint Lucia, though many sources indicate other founding dates. The broker primarily utilizes MetaTrader 5 (MT5) as a platform and serves both retail and institutional clients. Therefore, the fact that the broker does not have any regulatory oversight is another reason that it can be viewed as a higher-risk broker than others who do have some form of regulation.

Sicher Mayor operates from its main office in Stanmore in the United Kingdom and its other office in Dubai, United Arab Emirates, and has multiple services available across several different industries. In terms of products offered, the broker focuses primarily on Forex, CFDs, and Copy Trading, as well as AI-enhanced trading services via a subsidiary, called Sicher Mayor Tech.

Overall, the trading platforms and accounts that are offered by Sicher Mayor include: (1) the MT5 platform is available for desktop, web, and mobile, and there are no proprietary platforms available; (2) Account Types vary based on required deposit amount and leverage, as well as charge per trade (not currently available).

The following trading instruments are available from Sicher Mayor; (1) Forex USD major, minor and exotic pairs; (2) Indices S&P, FTSE; (3) Commodities Gold/Silver/Oil; (4) Non-Available Stocks (Global); (5) Non-Available Cryptocurrency; (6) Non-Available Bonds/Options/ETFs; and (7) Copy Trading; (8) Ai-Powered Arbitrage + Portfolio Management Tools to institutional only.

Sicher Mayor Licensing from the Following Authorities Is N/A (Not Licensed):

(1) FCA (UK) License;

(2) ASIC (Australia) License;

(3) CySEC (Cyprus) License;

(4) FSCA (South Africa) License;

(5) SEC (United States) License; and

(6) Saint Lucia Registration (Registered, but Not Regulated).

Sicher Mayor does not have a separate Client fund account; therefore, the broker does not have an investor protection policy in place.

Trading Conditions at Sicher Mayor Are Summarized Below:

• Spreads - From Zero Pips (Variable)

• Leverage - Up to 1:500

• Minimum Deposit - $50

• Per Trade Commissions (Amount Not Revealed)

Below Are Technology Options Available on the MetaTrader 5 Platform:

• MetaTrader 5 Desktop/Web/Mobile;

• No Proprietary trading platform;

• Accessible for Copy trading;

• Ai-Powered Trading Tools via Sicher Mayor Tech;

• No Details on Advanced Algorithmic Trading.

Below Are the Fee Structures of Sicher Mayor

• Deposit Fee - No Deposit Fee (most Popular Payment Options);

• Fast Bull - 7.3/10.

Overall, there Is Good Feedback on Customer Support/customer interface and Trading Platform, as well as Concerns Regarding the Unregulated Nature of the Broker and Overall Commission Structures, as well as the Withdrawal Process.

The Development of an AI-based Trading Tool and Copy Trading Feature Provides Sicher Mayor with a Competitive Advantage Over Other Brokers.

Recent Updates: Since the Last Update, There Have Been Multiple Developments in Terms of AI-based Trading Tools/Copy Trading Options, But No Recent Product Launches or Major Regulatory Changes to Report.

Sicher Mayor Presents a Competitive Option for Traders/Investors Looking for a Trading Experience Based on the MetaTrader 5 Platform, With Access to Ai-Powered Trading Tools and Copy Trading. The Broker also Has Low Initial Deposit Requirements and a Broad Array of Trading Instruments. However, the lack of Regulatory Oversight and Limited Transparency in Fees May Present Significant Risk When Trading with This Broker.