Sheer Markets aims high with FX and CFD liquidity from Match-Prime

Rick Steves

“We try to deliver an innovative product ourselves, which includes traditional CFDs on Foreign Exchange, Commodities, Stocks, Cryptocurrencies and Stock Indices, that’s why we needed a partner to rely on that understands modern business.”

Retail FX and CFD broker Sheer Markets has partnered with Match-Prime to gain access to its liquidity pool. The subsidiary of Match-Trade is a Liquidity Provider authorized and regulated by CySEC.

Match-Prime works exclusively with professional clients and institutions on a Prime of Prime model offering bespoke liquidity for Forex & other CFDs including a constantly growing number of crypto instruments.

Sheer Markets is aiming high

Howard Carr, Chief Executive Officer of Sheer Markets, commented: “As an entity regulated by CySEC, we strive to provide the highest quality services to our clients. Therefore, we are constantly looking for trustworthy partners who share our philosophy.

“We searched for a suitable liquidity provider for a long time and finally decided to cooperate with Match-Prime. We were convinced by their approach to us as partners, and their offer is constantly expanding.

“We try to deliver an innovative product ourselves, which includes traditional CFDs on Foreign Exchange, Commodities, Stocks, Cryptocurrencies and Stock Indices, that’s why we needed a partner to rely on that understands modern business. Currently, we are in constant contact, and the cooperation is very good. I’m certain it will remain so in the future.”

Andreas Kapsos, Chief Executive Officer of Match-Prime Liquidity, said: “Sheer Markets, just like our company, is a relatively new established organization, which is also regulated by the Cypriot Regulator; therefore we have a common understanding, knowing which are the potential problems that may arise.

“We are glad that such a team of professionals has trusted us. I am sure that our businesses will grow together. I believe that our deep, multi-level liquidity will help them take the next step in the right direction.”

FX and CFD brokers must go multi asset: Join free webinar from TraderEvolution to learn how

Sheer Markets as go-to broker for NDFs and EMFX

Sheer Markets was founded in 2019 and soon became a go-to broker for non-deliverable forwards (NDFs), emerging markets currencies (EMFX), and Cryptocurrencies, but its trading offering includes many other instruments such as CFDs on FX, Equities, Indices, Commodities.

Sheer Markets has recently acquired a license from Labuan, Malaysa to address demand from non-EU traders and to expand into LATAM, Africa, Asia, and Oceania.

The broker offers a varied product range with over 1900 CFD instruments that can be traded through the most popular platforms in the industry such as MetaTrader 5.

In early January, the FX and CFD broker partnered with Muinmos to enhance onboarding and regulatory compliance. The firm went with the mCHECK automated module for all relevant AML/KYC/KYB requirements, and it obtained the additional modules mPASS and mRX.

mPASS is designed for full financial product, services and cross-border clearances including automated categorisation, suitability and appropriateness checks.

mRX is a risk management module enabling Sheer Markets to risk profile their clients based on their pre-configured risk parameters. That way, the broker has tapped a fully automated AI-based onboarding solution.

Read this next

Institutional FX

Invast Global ramps up its offering with 10 soft commodity CFDs

Sydney-based prime-of-prime provider Invast Global has expanded its offering with the addition of ten soft commodity CFDs, which increases their index and commodity CFD offering to 35 instruments.

Retail FX

FF Simple and Smart Trades says Goodbye to CySEC authorization

The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.

Crypto Insider

Shining the Light in Crypto’s Dark Places

Something changed in regulators’ minds after the November crash of the FTX crypto exchange.

Executive Moves

Financial Commission Adds Sam Low to Dispute Resolution Committee

The Financial Commission (FinaCom PLC), a dispute resolution service that caters to the financial services industry, has appointed Sam Low as the newest member of its Dispute Resolution Committee (DRC).

Digital Assets, Uncategorized

De-facto owner of Bithumb exchange arrested in South Korea

South Korean prosecutors have arrested Kang Jong-Hyun, the anonymous chairman and owner of the country’s largest cryptocurrency exchange, Bithumb, on charges of embezzlement and stock manipulation.

Retail FX

Interactive Brokers volumes snap three-month losing streak

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January, an indication that investor confidence in the financial markets is rebounding after having been fairly mixed over the past few months.

Digital Assets

VVF invests $5 million in Everscale, a potential Layer 2 solution for Venom blockchain

“For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Institutional FX

FXSpotStream volume ends string of declines on January rebound

Trading volumes on institutional FX platforms surged in January as traders increased their bets on central bankers’ policy with evidence mounting that inflation and economic growth are both losing momentum.

Industry News

DeFi firm Aurox launches SEC-compliant crowdfunding campaign on tZERO

“This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

<