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Rating Index

Pros

Offers a wide range of trading instruments, including over 45 forex currency pairs and various CFDs.

Supports the MetaTrader 5 platform, which is popular among traders for its advanced features.

Provides high leverage options of up to 500:1, which can be attractive for experienced traders.

Cons

Lacks regulation and licensing from recognized financial authorities, raising significant trust concerns.

Numerous reports of aggressive sales tactics and pressure to deposit more funds, which can lead to negative trading experiences.

Negative user reviews highlight issues with fund withdrawals and overall customer support, indicating a lack of transparency and reliability.

CERMAK broker Accounts

Cermak Account Type

Cermak offers two types of accounts for traders:

Standard STP Account:

Maximum Leverage: 1:500
Minimum Spread: 0.8 pips
Minimum Deposit: $50
Commission: $0

ECN Account:

Maximum Leverage: 1:500
Minimum Spread: 0.0 pips
Minimum Deposit: Not specified
Commission: $3

Both account types allow access to various trading instruments including Forex and CFDs on commodities, stocks, indices, and metals, with a demo account available for novice traders.

Cermak Broker Account Opening Process

To open a broker account with Cermak, follow these steps:

Visit the Cermak Website: Go to cermak fx . com.
Select Account Type: Choose between the Standard STP or ECN account based on your trading preferences.
Fill Out the Application: Complete the online application form with required personal information, including your name, address, date of birth, and financial details.
Fund Your Account: After your application is approved, fund your account with a minimum deposit of $50 for the Standard STP account.
Start Trading: Once your account is funded, you can start trading on the MT5 platform.

For more detailed information, please refer to the sources: