Mt. Cook Information
Mt. Cook Is A Brokerage Based In South Africa That Operates Beyond The Regulatory Scope Of The FSCA. It Offers A Wide Range Of Market Instruments Including Forex, Precious Metals, Indices, Energy And Cryptocurrencies. Mt. Cook Offers Demo Account Accounts And High Leverage Options Up To 1:500. Through MetaTrader4, FIX Application Programming Interface And The Newly Launched Hybrid PAM, Mt. Cook Facilitates Trading With A Minimum Deposit Of 500 Dollars.
Pros And Cons
Pros: Offers Different Types Of Accounts And Demo Accounts, High Leverage Options Up To 1:500
Cons: FSCA (Excess), High Minimum Deposit Requirements
What Can Mt. Cook Trade?
Mt. Cook Offers A Variety Of Trading Tools, Including Forex, Precious Metals, Indices, Energy, And Cryptocurrencies.
Account Types
Mt. Cook Offers Two Types Of Accounts: DMA (Direct Market Access) Accounts, And ECN Accounts.
DMA Accounts Require A Minimum Deposit Of $25,000 And Cannot Be Hedged In Bulk On Trades Smaller Than 1 Standard Lot ($100,000 In Monetary Value).
ECN Accounts Have Three Tiers Of Minimum Deposits Of $500, $25,000, And $100,000.
Mt. Cook Fees
Mt. Cook Charges Commissions On Its DMA And ECN Accounts.
For DMA Accounts, Commissions Are $6.50 Per Lot, While For ECN Accounts, Commissions Are $7.50 Per Lot, $6.50 Per Lot, And $5.50 Per Lot.
Mt. Cook Leverage
Mt. Cook Offers Different Levels Of Leverage For Different Account Types. The Maximum Leverage For DMA Accounts Is 1:200. ECN Accounts Offer Different Leverage Options.
Deposits And Withdrawals
For Deposits, The Minimum Deposit Amount Is $500 USD And The Maximum Is $1M. The Average Processing Time Is Close To Instant.
For Withdrawals, Customers Can Submit A Request Through The Customer Portal After Logging In.
