CPT Markets

Be careful not to misinterpret the financial services company and Ukrainian brokers of binary options, such as CPT Trading since CPT Trading and their names for trading are similar, yet they’re not connected in any way.

CPT Markets Advantages

Part of an international organization with an FCA-licensed member. IFSC license

CPT Markets is a part of Tahoe Group International Limited (TGIL) that operates across Europe, Asia, the Middle East, North America and other places. While the TGIL was registered with Belize and is licensed through the Belizean International Financial Services Commission (IFSC) however, one affiliated company, CityPoint Trading is licensed and licensed under the British’s Financial Conduct Authority (FCA).

Brokers of forex who are who are registered in Belize are required to keep an adequate capital of at least $500,000 order to show their financial standing. Additionally, they must to store client funds in separate accounts.

This being said, keep in mind that if join CPT Markets, you will be dealing with an offshore company. A valid IFSC license is far better than none, however, foreign brokers from Belize aren’t as tightly monitored and controlled as the ones located in the UK.

MT4 is also available in addition to ClearPro

Another advantage of this particular broker is the fact that it works with the renowned MetTrader4 (MT4) platform along with ClearPro. We haven’t had the opportunity to try the latter, but the accessibility of MT4 can be considered a positive feature of a broker for forex since most traders are the platform well and love using it.

It is available in all forms and shapes. MT4 comes in many shapes and forms – desktop, mobile, and web applications – and provides a wide range of capabilities. One of the most popular features is the advanced charting program that comes with a variety of indicators that analyze technical trends and MQL marketplace MQL Marketplace, and Expert Advisors that are used to automate trading.

Very high leverage and reasonable deposit

Customers of CPT Markets can start out with only $100 and can leverage up to 1:500 in order to improve their trading. However, it is important to keep in the mind that leverage can be an edged sword that could double your profit as well as your losses.

CPT Markets Disadvantages

Offshore licensed

As we’ve already said, CPT Markets is a forex broker with an offshore registration in Belize. While a license issued by Belize’s IFSC is more secure than having a registration in the Marshall Islands or St. Vincent and the Grenadines, it is not able to be compared with the financial regulations within Australia as well as the UK.

For instance, brokers who are who are licensed by Belize don’t have the obligation to file particular transactions or create a compensation plan when they suffer bankruptcy. Additionally being a bit of a sham, Belize’s IFSC is not renowned for its rigorous supervision of licensed companies. This is the reason it is strongly recommended that traders stay clear of offshore brokers and instead invest in companies that are overseen by legitimate regulators like the Britain’s FCA and Australia’s ASIC.

Spreads that are higher than the average

We tried CPT Markets’ MT4 in the demo mode, and discovered that the spreads for the standard accounts are what they advertise on their website. The spreads range at 1.7 between 1.7 and 1.8 pip on EUR/USD. The average is 2.0 pips.

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However, these spreads are much higher than the ones that the majority of brokers provide as a normal spreads for this pair of pips – 1.0 1.5 – 1.5 pips, or less.

The only China UnionPay supported

It’s not a major drawback, but we must mention it. It appears to be the case that CPT Markets supports only China UnionPay as payment method. Other traditional methods of paying, such as debit or credit cards, and bank wire, aren’t listed on the website of CPT Markets.

Conclusion

CPT Markets seems to have both its positive and negative side. On the other side, it’s licensed in Belize and is component of an international organization, within which is also an UK licensed entity. In addition, it offers high leverage levels for trading on a various financial instruments, including MT4 as well as on ClearPro. However, CPT Markets is CPT Markets is still an offshore broker which means it brings some risk to its customers. In addition, the cost for trade with this broker as regards spreads aren’t the most affordable.

In the end, the best recommendation we can offer you is to work only with brokers that are strictly regulated. If the proposition of CPT Markets seems attractive to you, you should take a look at the trading terms and conditions of CPT Trading and our list of FCA-approved brokers.