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Score

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/10

Soyam

Hong Kong|2-5 years|
High potential risk|

https://soyam-fx.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
SoyamTrade-Demo MT5
Server Location Hong Kong

Contact

service@soyam-fx.com
https://soyam-fx.com/en/
Unit No.A222,3F,Hang Fung Industrial Building,Phase2,No.2G Hok Yuen Street,Hunghom,Kowloon,Hong Kong

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-11-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Soyam · WikiFX Survey

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Soyam · Company Summary

General Information

Soyam Trade Limited is a newly-established forex brokerage firm, allegedly offering its clients access to multiple financial markets, such as Foreign Exchange, Nobel Metal, Futures, Cryptocurrency through the leading MT5 trading platform, with leverage up to 1:400.

Soyam

As far as we can tell, Soyam is not governed by any regulatory authorities, thus that bit of data is settled. 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. Don't be oblivious to the potential danger.

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Market Instruments

With the Soyam platform, a total of four classes of trading assets are available, which include the following:

  • Foreign Exchange

  • Precious Metals

  • Futures

  • Cryptocurrency

Account Opening

According to Soyam, one clients can register up to one trading account. To open an account, you can visit this brokers official website through the Internet, click to register a real account, fill in some required personal data to complete the registration of the transaction account.

A demo account is also available, which allows beginners to get a feel of this brokerage house without risking their real money.

Leverage

When it comes to trading leverage, Soyam allows traders to use leverage of up to 1:400, which is much above the levels considered appropriate by the vast majority of regulators. Offering high leverage is a typical tactic for offshore businesses, and the only reason this brokerage does is to attract clients.

Spreads & Commissions

As for this part, Soyam is keeping its commission and spread information from us.

Trading Platform

Soyam offers the leading MT5 trading platform, among the most popular around the world. Some outstanding features shared by MT4 include the robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface.

Platform

Deposit & Withdrawal

Soyam is vague about what payment methods it supports for clients to make a deposit and withdrawal.Soyam says it supports all banks for clients to make a deposit, and the daily capital limit is subject to the amount specified by your bank.

If you want to withdraw funds, you need to contact the platform broker it varies depending on the investors bank when it comes to capital injection into the account, appromxiately one to five working days.

Customer Support

Traders with any inquiries or trading-related problems can get in touch with Soyam through the following channels:

Email: service@soyam-fx.com

A Contact Form

Support

However, some other more direct contact methods like phone call, online communication are not available.

Risk Warning

There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.

Please keep in mind that the data presented in this article is meant to serve as a guideline only.

Broker Information

Company Name

Soyam Trade Limited

Abbreviation

Soyam

Regulatory Status

No Regulation

Platform registered country and region

Hong Kong

Company website
Phone of the company

--

X

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Unit No.A222,3F,Hang Fung Industrial Building,Phase2,No.2G Hok Yuen Street,Hunghom,Kowloon,Hong Kong

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • service@soyam-fx.com

Company Summary

Review

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