SSIM

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is SSIM？

SSIM, also known as Secure & Smart Investment Management, is a financial institution that offers a range of investment and trading services. With a focus on providing secure and reliable investment solutions, SSIM aims to empower individuals and businesses to achieve their financial goals. SSIM offers a variety of investment products, allowing clients to diversify their portfolios and take advantage of different market opportunities. The institution emphasizes the use of advanced technologies and innovative trading platforms to provide clients with efficient and transparent trading experiences. And it is regulated by SFC.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

SSIM Alternative Brokers

There are many alternative brokers to SSIM depending on the specific needs and preferences of the trader. Some popular options include:

• Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.

• TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.

• XGLOBAL Markets - An online forex and CFD broker providing traders with access to a wide range of markets, advanced trading technologies, and competitive trading conditions through its innovative platforms and liquidity network.

Is SSIM Safe or Scam？

SSIM is regulated by the Securities and Futures Commission (SFC), which is an independent statutory body set up in 1989 to regulate Hong Kong's securities and futures markets. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, SSIM appears to be a reliable and trustworthy broker.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

SSIM offers a variety of trading instruments across different asset classes, including forex, commodities, energy, indices, stocks and cryptocurrencies.

- Forex:

- Currency pairs for trading in the foreign exchange market.

- Examples include USD/EUR, GBP/USD, JPY/USD, etc.

- Commodities:

- Trading opportunities in various commodities.

- Examples include gold, silver, crude oil, natural gas, wheat, corn, copper, platinum, etc.

- Energy:

- Trading instruments for energy products like crude oil, natural gas, gasoline, and heating oil.

- Indices:

- Trading instruments based on stock market indices.

- Examples include S&P 500, Dow Jones Industrial Average, FTSE 100, Nikkei 225, etc.

- Stocks:

- Trading in a wide range of individual stocks.

- Represents shares of various companies listed on global exchanges.

- Cryptocurrencies:

- Trading instruments for popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, etc.

SSIM offers these trading instruments to provide investors with a diversified portfolio and opportunities to profit in different financial markets. It is important for traders to understand the risks associated with each asset class and employ appropriate risk management strategies.

Accounts

SSIM offers two live account types and the demo account for their traders.

• STP Account:

- This account type offers market execution, which means trades are executed at the best available price in the market.

- The spreads start from 1.5 pips, which refers to the difference between the bid and ask price of a currency pair.

- STP accounts allow traders to access liquidity from multiple liquidity providers, which helps ensure competitive pricing.

- This account type is suitable for traders who prefer variable spreads and appreciate transparency in trade execution.

• ECN Account:

- ECN accounts offer traders direct access to the interbank market.

- Trades on ECN accounts are executed without any intervention or dealing desk, providing a high level of transparency and fast execution.

- Unlike STP accounts, ECN accounts offer spreads starting from 0 pips, but traders may need to pay a commission per trade.

- ECN accounts provide deep liquidity and enable traders to benefit from institutional-grade pricing and tighter spreads.

- This account type is best suited for professional traders and those who require fast execution and extremely competitive spreads.

• Demo Account:

SSIM provides a demo account for traders to practice trading without risking real money. It is a simulated account that allows traders to familiarize themselves with the platform, test different strategies, and gain experience in a risk-free environment. Demo accounts usually mirror the features and trading conditions of the live accounts, providing a realistic trading experience.

Spreads & Commissions

SSIM charge no commission for their accounts. This means that traders can execute trades without paying any separate commission per trade.

Please keep in mind that commission structures and fee policies can vary among brokers, so it's always recommended to check SSIM's official website or consult their customer support for the most up-to-date information on their account types, spreads, and commission charges.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

SSIM offers the popular MetaTrader 4 (MT4) platform for traders to access their trading accounts. MT4 is a widely used trading platform known for its user-friendly interface, comprehensive charting capabilities, and a wide range of analytical tools and indicators. By providing MT4, SSIM allows traders to execute trades, manage orders, analyze market trends, and implement trading strategies efficiently.

Using MT4, traders can access SSIM's trading instruments across various asset classes, monitor real-time market prices, place trades, set stop-loss and take-profit levels, and access historical data for technical analysis. Additionally, MT4 supports the use of expert advisors (EAs), which are automated trading systems that can execute trades based on predefined strategies.

MT4 is available for desktop computers (Windows and Mac), as well as mobile devices (iOS and Android), enabling traders to access their accounts and trade on-the-go. SSIM also provides support and resources to help traders with setting up and using the MT4 platform effectively.

See the trading platform comparison table below:

Trading Tools

SSIM offers two trading tools known as PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager). These tools are designed to facilitate the management and allocation of funds for multiple trading accounts, making it easier for professional traders and money managers to handle multiple client accounts efficiently. Here is a brief description of each tool:

• PAMM (Percentage Allocation Management Module):

- The PAMM system enables experienced traders or money managers to manage multiple investor accounts from a single master account.

- With PAMM, investors can allocate their funds to a PAMM account managed by a skilled trader, who then trades on behalf of all the participating investors.

- PAMM offers transparency by providing detailed reports on the performance and trading activity of the master account, allowing investors to make informed decisions.

• MAM (Multi-Account Manager):

- The MAM system is designed for money managers who handle multiple client accounts using a single interface.

- MAM allows money managers to place trades across multiple accounts simultaneously, implementing trading strategies for all accounts through a consolidated interface.

- Money managers can allocate individual lot sizes or use different risk management settings for each client's account based on their specific requirements.

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +61 2 7013 3826

Email: marketing@ssimarkets.com

Address: New Horizon Building,GroundFloor,3 1/2 Miles Philip S.W.Goldson Highway,Belize City,Belize

Overall, SSIMs customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Note: These pros and cons are subjective and may vary depending on the individual's experience with SSIM's customer service.

Conclusion

In conclusion, SSIM is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, SSIM's trading platform, MT4, caters to the needs of both beginner and advanced traders. Also, it is regulated by SFC to secure its trading. However, there are many reports of unable to withdrawal about SSIM. Therefore, traders should keep careful before trading.

Frequently Asked Questions (FAQs)