Who is SigBanc?
SigBanc is a technology facilitator that develops proprietary solutions to empower investors with trading tools, market insight and cutting-edge analytical capabilities. SigBanc is not a broker. Rather, we curate a network of diligently chosen brokers with exception reputations to facilitate our clients.
Is SigBanc a regulated brokerage firm?
No, we are not a brokerage firm and do not handle client funds directly. Instead, we facilitate clients with technology-enabled forecasts, analysis and information. We also offer technologically-enabled investment products and platforms that rely on a network of trusted brokers to fulfil trades.
Which regulation scheme should I trade under?
The choice is yours, and often depends on your geographical location. Regulatory schemes worldwide are 99% convergent, with slight variations in local laws. The bottom line is that your capital will always be protected regardless of the regulatory scheme you choose to operate under.
Can I deposit Money with SigBanc?
No. SigBanc is not a broker and as such does not accept any client funds. Our revenue is derived purely from technology subscription fees and broker commissions on successful trades.
Are my funds safe with your recommended brokers?
Absolutely. Not only do we conduct market leading due diligence and vetting on all the brokers we recommend, but every broker is regulated to world-class standards. Apart from local regulation frameworks, our brokers also fall under the remit of the Investor Compensation Funds (IFC) body, which is tasked with ensuring compliance and investor protection.
How do I load funds into my account?
Our brokers tend to offer multiple ways of funding accounts. Some of the most commonly used methods include wire transfers, Skrill, Neteller, FastPay, Payza, and credit card payments. Please refer to your broker’s website for a full list of payment methods they offer.
How do I withdraw my earnings?
Our brokers offer a wide range of fund withdrawal mechanisms. We pride ourselves on an ecosystem where our investors have easy access to their accounts at all times. You can withdraw a fraction of your earnings, or even your entire capital investment. The choice is yours.
What documents do you need to open a real account?
To open an account, you'll be required to provide us proof of identity and residence. Passports and utility bills are commonly used for evidence. Some brokers may ask for other proof identification too.
Do you require my documents to open a demo account?
No, you do not have to submit any document to open a demo account. All you need to do is provide accurate contact information so we can get back to you.
Is there any difference between a demo account and a live account?
A demo account offers you the same experience as a live account – except that you don’t need a deposit, and your trades don’t have material value losses you encounter during trade won’t be debited, while any gains you make won’t be paid either. You can’t withdraw from your virtual fund. The idea of a demo account is to give you first-hand insight into SigBanc trading mechanisms before you commit further.
What is the standard duration for getting approval on my real trading account?
Approval time varies from broker to broker. While some actualise accounts the same day, others will need between 24 hours to 48. The timeframe also depends on how rapidly you are able to furnish your broker with required documentation.
What happens if my account balance goes negative?
Many of the broker partners in our network cover negative balances till you can get account back into the black. However, it is always best to verify the extent of coverage offered with your chosen broker before you commit to opening a trading account with them. Stop out levels vary from broker to broker, but SigBanc tends to favour those offering the most generous ones.
Can I hedge my positions in a real trading account?
There is no reason for you to not be able to. Hedging your positions is entirely permissible with a real trading account.
What’s the upper limit of leverage I can get?
Your personal limit will depend on your credentials and track record, but the maximum leverage on offer is 1:500 – which means your broker can offer you USD 500 in trading capital for every USD 1 you personally credit to your account.
What is a free trading account?
A free trading account is a demo account that is provided by the company to professional traders. SigBanc funds the account and assumes the risk. Our trading clients are not impacted by capital losses, but also can’t directly withdraw their profits. Instead, we offer a 3% performance fee on the profits they generate.
Does this kind of trading involve any risk?
No. We assume all of the risk on behalf of our trading clients, and also pay out performance fees when profits are generated.
How is this different from a real account?
In operation, your SigBanc-mediated account is equivalent to a real account – with the same pricing, leverage and margins. The difference is that you are protected in case of capital losses, which SigBanc assumes all the risk for. On the other hand, the profits you generate can’t be directly accessed either. Instead, SigBanc compensates you with a 3% performance fee on the returns you generate. In short, we buffer you against all risk, and also pay you a fee when you succeed.
How do I register for a free account?
You merely fill in a form to complete your application. We’ll send you your account details by email, and you can commence trading immediately.
Is it possible to open more than one free account concurrently?
To keep risk manageable, and to ensure that our traders are operating responsibility and transparently, SigBanc strictly limits the number of active accounts to one per trader. Traders trying to register multiple accounts will see their trading accounts closed, with a complete ban on trading via SigBanc platforms for a period of time.
How do I withdraw my funds if I make profits?
Our withdrawal ecosystem is very open. Once you’ve registered a profit, you can request your performance fees via wire transfer, Skrill, Neteller, or through other online payment methods on offer
If I lose on my trades, can I set up another free trading account?
This decision is made on a case-by-case basis. Generally, the rule of thumb is that a run of losses might disqualify you from opening another free account – though special dispensation is offered in certain circumstances. You’re going to have to apply, and tell us why you feel you need another turn.