Note: The Official Website Of CP Markets - Https://cp-markets.com/is Currently Not Accessible Properly.
CP Markets Is A Forex And CFD Broker Registered In 2021 And Headquartered In London. It Offers Trading Services In Forex, Commodities, Stocks, Futures And Indices. CP Markets Claims To Offer Trading In Over 500 Assets On The MetaTrader5 Platform, As Well As Four Account Types. However, The Broker Does Not Have A Legal Regulatory License.
Pros And Cons
Pros: Diverse Tradable Assets, Multiple Account Types, Commission-free Account Micro-accounts, MT5 Trading Platform, Low Minimum Deposit
Cons: Unaccessible Website, Unregulated, No Demo Account Accounts, Unknown Payment Methods, Email-only Support
Is CP Markets Legitimate?
No, CP Markets Is Not A Legitimate Broker As It Is Not Licensed By Any Legitimate Institution. In Addition, Our Investigation Found That The Actual Address Of The Company Was False And No Offices Were Found On That Address.
What Can I Trade On CP Markets?
CP Markets Claims To Offer More Than 500 Trading Instruments Covering Three Asset Classes, Including 70 + Forex, Commodities (Spot Metals), Stocks, Futures And Indices.
Account Types
CP Markets Offers Four Different Account Types To Meet The Funding Needs And Trading Goals Of Different Traders:
1. Micro Account
Minimum Deposit: 50 Dollars
Applicable Crowd: Suitable For Small Traders Or Novice Traders
Spread: 1.2 Pips
Commission: None
2. Standard Account
Minimum Deposit: 500 Dollars
Applicable Crowd: Suitable For Medium-sized Traders
Spread: 0.6 Pips
Commission: None
3. Professional Account
Minimum Deposit: $1,000
Applicable Crowd: Suitable For Experienced Traders
Spread: 0 Pips
Commission: $3.5 Per Hand Per Side
4. VIP Account
Minimum Deposit: $30,000
Applicable Crowd: Suitable For High Net Worth Traders Or Institutional Investors
Spread: 0 Pips
Commission: Up To 21% Of Commission
Trading Platform
CP Markets Offers Two Trading Platforms For Clients To Choose From:
1. MetaTrader 5 (MT5)
Support: Web Platform And Mobile Devices
Applicable People: Experienced Traders
Advantages: Powerful, Supports Multiple Trading Tools And Analytical Indicators
2. MetaTrader 4 (MT4)
Support: Web Platform And Mobile Devices Not Supported
Applicable People: Suitable For Beginners
Advantages: Simple Interface, Easy To Use
Leverage
CP Markets Offers Leverage Up To 1:100.
Advantages Of High Leverage: Amplify Potential Gains
Risk Alert: Leverage Can Lead To Greater Potential Losses, Use With Caution
Spreads And Commissions
Spreads: Different Account Types Offer Different Spread Levels, With A Minimum Of 0 Pips.
Commissions:
There Is No Commission For Micro And Standard Accounts.
Professional Accounts Are Charged 3.5 Dollars Per Hand.
VIP Accounts Can Earn Up To 21% Of The Commission.
