Overview Of Concord Markets
Company Background
Established: 2023
Headquarters Location: Malaysia
Regulatory Authority: Labuan Financial Services Authority (Labuan FSA)
License Information: Straight-through Processing (STP) With License Number MB/20/0047
Legality: Concord Markets Is A Legitimate Broker Regulated By Labuan FSA Malaysia.
Trading Services Provided
Concord Markets Provides Traders With Trading Opportunities For A Wide Range Of Financial Instruments, Covering A Wide Range Of Market Sectors:
Forex (Forex): Supports 24/5 Foreign Exchange Trading, Providing Contract For Difference (CFD) Trading For Multiple Currency Pairs.
Commodities (Commodities): Includes Trading Of Precious Metals, Energy And Niche Commodities.
Cryptocurrencies: Trades Mainstream Cryptocurrency Pairs Such As BTC/USD, ETH/USD.
Indices: Trades Major Global Stock Indices Such As The S & P 500 And Dow Jones.
Stocks: Offers CFD Trading On Over 100 Stocks Of Major Companies, Such As Apple, Microsoft, And NVIDIA.
Account Types
Concord Markets Offers Traders Two Account Types To Meet The Needs Of Different Experience And Capital Levels:
Classic Account
Minimum Deposit: $100
Spread: Raw Spread
Leverage: Up To 1:100
Commission: $6/trade
Target Clients: Suitable For Beginners And Intermediate Traders.
Pro Account
Minimum Deposit: $2000
Spread: Raw Spread
Leverage: Up To 1:100
Commission: $4/trade
Target Client: Suitable For Experienced Traders.
Trading Conditions
Leverage: Up To 1:100, Allowing Traders To Scale Up Their Investments, But With Careful Risk Management.
Spread: Provides Competitive Raw Spreads To Improve Trading Efficiency.
Commission: $6/trade For Classic Accounts And $4/trade For Pro Accounts.
Trading Platform
Concord Markets Uses MetaTrader 5 (MT5) As Its Primary Trading Platform.
Features:
Supports Multiple Trading Strategies And Automated Trading Tools.
Provides Powerful Technical Analysis Tools And An Economic Calendar.
Compatibility: Supports IOS, Android, Windows And Mac Systems.
Suitable For: Traders Who Need Advanced Tools And Automation.
Deposit & Withdrawal
Deposit:
Minimum Deposit: $100 (Classic Account), $2000 (Pro Account).
Method: Bank Transfers And Credit/debit Card Deposits Are Accepted. The Processing Fee Is Free (fees May Be Charged By Intermediary Banks).
Processing Time: Bank Transfers Take 1-3 Business Days, And Credit/debit Cards Arrive Instantly.
Withdrawal:
Minimum Withdrawal Amount: Not Specified (bank Transfer).
Handling Fee: Not Mentioned.
Processing Time: Bank Transfer Takes 1-3 Business Days.
Fee For Inactive Accounts: $500 Per Inactive Quarter (3 Months Inactive).
Customer Support
Contact Details: Email Support@cdgmarket.com.
Support Options: Phone Support Details Not Mentioned.
SUMMARY
Concord Markets Is An Emerging, Labuan FSA-regulated Broker That Offers Traders A Diverse Range Of Financial Instruments And Trading Conditions. Its MetaTrader 5 Platform Is Powerful, But Account Types And Customer Support Options Are Limited. For Both Novice And Experienced Traders Looking To Trade Forex, Commodities And Cryptocurrencies On This Platform, Concord Markets Offers Flexible Options, But Be Aware Of The Risks Of Its Newly Established And Fees For Inactive Accounts.
