Skip to content
Broker news. Connected. RSS feed
FXBROKERS

A clearer view of the broker industry.

Broker directoryForex & CFD

Gate Securities: Cyprus CFD accounts, NDFs and portfolio-management terms

Gate Securities (Cyprus) Ltd, formerly Sheer Markets, offers MT5 CFDs under CySEC licence 395/20. Its September 2026 policies distinguish retail and professional leverage, explain principal execution and specify margin close-out. NDF settlement, dormant-account charges and the separate portfolio-management mandate deserve particular attention.

By FXBrokers.ai Editorial DeskOperating status: ActiveSources checked Published Updated
Profile scope

Cyprus investment firm formerly known as Sheer Markets (Cyprus) Ltd. Self-directed CFD trading and portfolio management have different fee and mandate terms.

  • CySEC lists Gate Securities (Cyprus) Ltd under licence 395/20; its approved website is gate-securities.eu.
  • Classic accounts start at US$200 or €200; Plus versions require US$2,500 or €2,500.
  • Prime FX commission starts at US$4 per lot per side, falling to US$3.50 on Prime Plus.
  • A positive-balance account can incur €10 monthly after six months without transactions; portfolio management has separate fees and termination terms.

Accounts and access

Sections ↑

Gate Securities offers self-directed CFD trading and a separately contracted portfolio-management service. The account label determines spread and commission terms, while client classification determines leverage and some protections. A Plus account does not by itself make a client professional. The comparison below uses the current account page together with the September 2026 legal policies. Those policies matter when a headline spread, execution description or withdrawal target leaves out a condition. Clients considering managed strategies also need the individual mandate and fee schedule; the general trading-account price does not establish the complete cost of that service.[1][9][7][12]

At a glance01

Classic account choices

Classic account choices
ItemTerms and implications
ClassicUS$200 or €200 minimum; advertised spreads from 1.2 pips.Source 1
Classic PlusUS$2,500 or €2,500 minimum; spreads from 1.0 pip.Source 1
Included on PlusFree VPS hosting and a one-to-one educator are advertised; market analysis is listed for both.Source 1
At a glance02

Prime account choices

Prime account choices
ItemTerms and implications
PrimeUS$200 or €200 minimum; spreads advertised from zero, with instrument commissions.Source 1
Prime PlusUS$2,500 or €2,500 minimum; zero-spread floor with the lower published commission schedule.Source 1
Account currencyEUR or USD; the Plus variants also advertise VPS hosting and a one-to-one educator.Source 1
At a glance03

Client classification

Client classification
ItemTerms and implications
RetailMajor-FX leverage is capped at 1:30, with lower caps for other asset classes.Source 9Source 7
ProfessionalSeparate eligibility and assessment apply; maximum major-FX leverage is 1:100.Source 9Source 7
Managed strategiesA separate suitability assessment and portfolio-management agreement are required.Source 9Source 7

View full spreads & trading costs

Markets and platforms

Sections ↑
At a glance04

Trading instruments

Trading instruments
ItemTerms and implications
Main catalogueFX, NDFs, equities, indices, commodities and crypto are offered as CFDs.Source 1Source 7
Underlying ownershipThese are derivative exposures; buying a share or crypto CFD does not establish direct ownership of the underlying asset.Source 1Source 7
PlatformMT5 is the platform listed for all four account variants.Source 1Source 7
At a glance05

NDF contract structures

NDF contract structures
ItemTerms and implications
Rolling spotThe NDF page separately describes rolling contracts without the same fixed month-end settlement.Source 6
Month-endA cash-settled contract closes at its fixing rate; trading stops at midnight on the day before the fixing date.Source 6
CalendarHolidays can change the fixing and settlement schedule; use the actual contract specification.Source 6
At a glance06

NDF leverage and currency risk

NDF leverage and currency risk
ItemTerms and implications
Market examplesThe page lists exposures including USD/BRL, USD/IDR, USD/INR and USD/KRW.Source 6
Instrument limitsThe displayed NDF ratios vary, including 1:10, 1:16 and 1:20; the general 1:30 FX headline is not universal.Source 6
Fixing riskThe eventual fixing rate can differ from the last tradable quote.Source 6

Fees and ongoing costs

Sections ↑
At a glance07

Prime FX and NDF commissions

Prime FX and NDF commissions
ItemTerms and implications
Prime FXFrom US$4 per lot per side; a full open-and-close trade at that rate is US$8 per lot.Source 2
Prime Plus FXFrom US$3.50 per lot per side; US$7 for both sides at that rate.Source 2
Prime NDFsFrom US$5 per lot per side.Source 2
Prime Plus NDFsFrom US$4.50 per lot per side.Source 2
At a glance08

Costs beyond an FX spread

Costs beyond an FX spread
ItemTerms and implications
Other instrumentsShare, crypto and other instrument charges have separate schedules; Classic should not be described as universally commission-free.Source 2Source 12
Overnight positionsFinancing varies by instrument and side; long and short positions can both incur a charge.Source 2Source 12
IllustrationsThe September costs policy includes worked examples. An example is not a fixed quote for every instrument or trade size.Source 2Source 12
At a glance09

Inactivity and closure

Inactivity and closure
ItemTerms and implications
TriggerSix months without transactions under the client terms.Source 7
Positive balanceA €10 monthly dormant-account charge can be deducted.Source 7
Zero balanceAn inactive zero-balance account may be closed.Source 7
Money still owedClosing or classifying an account as dormant does not extinguish the client’s claim to remaining funds.Source 7
At a glance10

Portfolio-management charges

Portfolio-management charges
ItemTerms and implications
Main termsA 30% performance fee is stated for a profitable movement in the managed portfolio.Source 7
Mandate appendixAppendix III applies the strategy’s agreed success-fee percentage and a high-water-mark mechanism.Source 7
Platform feeA separate flat platform fee can apply each trading interval, regardless of profit or loss; obtain the actual schedule.Source 7
Early exitA withdrawal or account closure can trigger performance-fee calculation before the ordinary interval ends.Source 7

Orders, margin and execution

Sections ↑
At a glance11

Retail leverage schedule

Retail leverage schedule
ItemTerms and implications
Major FX1:30.Source 9
Other FX, gold and major indices1:20.Source 9
Other commodities and non-major indices1:10.Source 9
Individual shares and other reference values1:5.Source 9
Crypto CFDs1:2.Source 9
At a glance12

Professional leverage schedule

Professional leverage schedule
ItemTerms and implications
Major FXUp to 1:100.Source 9
Commodities, metals and indicesUp to 1:10 in the September policy.Source 9
Shares and crypto CFDsUp to 1:10.Source 9
Actual marginThe current instrument specification and any risk adjustment remain relevant.Source 9
At a glance13

Margin close-out

Margin close-out
ItemTerms and implications
TriggerAt 50% maintenance margin, one or more positions are closed automatically.Source 9
Closure orderThe September policy starts with the position carrying the highest loss.Source 9
Client responsibilityNotifications are not guaranteed to arrive in time; the policy requires the client to monitor equity and used margin.Source 9
At a glance14

Execution model

Execution model
ItemTerms and implications
Default roleThe September execution policy says the company is the counterparty, acting as principal.Source 8
Alternative venuesIt may redirect an order where a listed execution venue offers better conditions for best execution.Source 8
LimitsInsufficient liquidity, rapid price changes or inadequate margin can prevent execution; requested stops do not guarantee a price.Source 8

Deposits, withdrawals and balances

Sections ↑
At a glance15

Depositing funds

Depositing funds
ItemTerms and implications
Published routeBank transfer in EUR or USD.Source 3
OwnershipFunding must come from an account in the client’s name.Source 3
TimingThe deposit page estimates 2–5 working days.Source 3
ChargesThe company states no deposit charge; sending, intermediary or receiving banks may charge.Source 3
At a glance16

Withdrawal timeline

Withdrawal timeline
ItemTerms and implications
Company handlingThe withdrawal page targets processing within 24 hours, Monday to Friday excluding holidays.Source 4Source 7
Bank receiptUsually 2–5 working days after processing; this is separate from the internal target.Source 4Source 7
ConditionsVerification, available funds and payment-destination checks must be satisfied.Source 4Source 7
At a glance17

Verification and available money

Verification and available money
ItemTerms and implications
Incomplete onboardingThe agreement permits holding funds pending full KYC information and returning them to their source within 15 days if the required information is not supplied.Source 7Source 4
Open exposureMoney supporting margin or outstanding liabilities is not automatically withdrawable.Source 7Source 4
Provider costsA company fee waiver does not waive a bank’s own charges or currency-conversion cost.Source 7Source 4

Regulation and client protection

Sections ↑
At a glance18

Verified operator

Verified operator
ItemTerms and implications
Legal entityGate Securities (Cyprus) Ltd, company HE404686.Source 13Source 8
AuthorisationCySEC licence 395/20, dated 18 December 2020.Source 13Source 8
Former nameSheer Markets (Cyprus) Ltd.Source 13Source 8
Current addressThe register and current policies give 331, 28th October Avenue, Lido House Block 2, Unit 365, 3106 Limassol.Source 13Source 8
At a glance19

Protection has defined scope

Protection has defined scope
ItemTerms and implications
Client moneyThe agreement describes segregation and the risks of third-party institutions and pooled accounts.Source 7Source 9
Retail balance protectionThe leverage policy provides retail negative-balance protection; it does not prevent loss of the money invested.Source 7Source 9
ClassificationProfessional status changes the applicable protection framework and should be assessed separately.Source 7Source 9
At a glance20

Investor Compensation Fund

Investor Compensation Fund
ItemTerms and implications
CalculationThe lower of 90% of cumulative covered claims and €20,000 for an eligible covered client.Source 10
ExampleA fully eligible €10,000 covered claim would imply €9,000 under that formula, subject to the fund’s determination.Source 10
PurposeCompensation depends on the fund’s activation and eligibility rules; it is not cover for ordinary market losses.Source 10

Support, records and complaints

Sections ↑
At a glance21

Contacts and account records

Contacts and account records
ItemTerms and implications
Support[email protected]; telephone +357 25 861400.Source 7Source 12
StatementsOnline account and trade information should be checked promptly; the costs policy also describes periodic and annual cost reporting.Source 7Source 12
Error deadlineThe client terms require reporting a disputed or missing confirmation/report within ten business days.Source 7Source 12
Additional detailAn itemised breakdown of costs can be requested.Source 7Source 12
At a glance22

Complaint procedure

Complaint procedure
ItemTerms and implications
AcknowledgementWithin five business days, with a unique ten-digit complaint reference.Source 11
Normal responseWithin two months.Source 11
DelayA reasoned holding response may extend the company’s response period, with an outer three-month period.Source 11
EscalationThe policy describes a four-month Financial Ombudsman referral window after the final response or relevant deadline.Source 11

Additional services

Sections ↑
At a glance23

Managed-strategy authority

Managed-strategy authority
ItemTerms and implications
Separate agreementPortfolio management is not merely following a public trading idea; the mandate authorises investment decisions for the account.Source 7
SuitabilityThe firm assesses the service against the client’s circumstances and agreed strategy.Source 7
TerminationAppendix III normally requires 15 calendar days’ notice by either party; immediate termination exceptions also apply.Source 7
At a glance24

Exiting a managed strategy

Exiting a managed strategy
ItemTerms and implications
Early withdrawalThe mandate warns that leaving before the strategy’s investment horizon may adversely affect the result.Source 7
Fees at exitWithdrawal or closure can crystallise performance fees; a separate platform fee may remain due.Source 7
Open positionsDo not assume that disabling a portal setting instantly liquidates positions or settles all liabilities; obtain instructions under the actual mandate.Source 7

Company and operating history

Sections ↑
At a glance25

Identity and document continuity

Identity and document continuity
ItemTerms and implications
Renamed firmThe authority entry explicitly links Gate Securities with former Sheer Markets.Source 13Source 5Source 7
Current policy setExecution, leverage, costs and complaint documents are dated September 2026.Source 13Source 5Source 7
Contract assignmentThe agreement provides 15 business days’ written notice for a transfer or novation of the relationship.Source 13Source 5Source 7
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

Gate Securities (Cyprus) Ltd

CyprusSource 13

No separate licence entry is recorded in this panel.

Important terms and limitations

Sections ↑
At a glance26

Points to confirm for the chosen service

Points to confirm for the chosen service
ItemTerms and implications
Self-directed accountInstrument commission, financing, minimum order and live margin in the actual account.Source 2Source 6Source 7
NDFWhether the contract is rolling or month-end, and its fixing date and applicable leverage.Source 2Source 6Source 7
Managed accountStrategy-specific success fee, flat platform fee, trading interval and position treatment on exit.Source 2Source 6Source 7
Follow the evidence

Sources & further reading

  1. Current account comparison Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  2. Instrument commissions and financing Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  3. Deposit conditions Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  4. Withdrawal conditions Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  5. Current legal-document index Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  6. Rolling and month-end NDF CFDs Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  7. Client terms, 15 December 2025 Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  8. Order execution policy, 4 September 2026 Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  9. Leverage and margin policy, 4 September 2026 Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  10. Investor Compensation Fund notice, 12 December 2025 Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  11. Complaint procedure, 3 September 2026 Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  12. Costs and charges policy, 2 September 2026 Gate Securities (Cyprus) Ltd · Accessed 27 Oct 2026
  13. Gate Securities (Cyprus) Ltd firm-register entry Cyprus Securities and Exchange Commission · Accessed 27 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

Report an error or submit an update