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CCB Forex broker specializes in providing foreign exchange trading services, the company's official website http://en.ccb.com/en..., the company's legitimate regulatory information United KingdomFCAInstitution Forex License to enhance the security of the company's address

CCB Forex Broker

Basic Information

Registered Region

China

Operating Period

Company Name

China Construction Bank Corporation

Abbreviation

CCB

Company employee

Contact Number

85239186212

Company Website

http://en.ccb.com/en/home/indexv3.html

Keywords

10-15 years

Regulated in United Kingdom

Institution Forex License

Suspicious Scope of Business

Medium potential risk

Company profile

Basic Information Founded on October 1, 1954, China Construction Bank (CCB), with its head office located at 25 Financial Street in Beijing, is a large centrally managed state-owned bank and a vice-ministerial-level unit of the state. China Construction Bank's main business areas include corporate banking, personal banking, and capital business. China Construction Bank has branches and subsidiaries in 29 countries and regions and has subsidiaries in various industries such as funds, leasing, trust, life, property and casualty insurance, investment banking, futures, and pensions. Regulation China Construction Bank Corporation London Branch (CCBL) is regulated by the FCA in the UK and holds a full license authorized by it (Regulation No. 652628). Personal Customers China Construction Bank offers six main business segments for personal customers: credit card business, investment and wealth management business, deposit and loan and bank card business, and electronic banking business. Private Banking CCB Private Banking is an exclusive brand of CCB serving high-asset-value customers, providing comprehensive financial solutions with private wealth management, integrated finance, and exclusive value-added services as the core. Corporate Institutions The products and services for corporate institutions mainly include investment banking, corporate business, housing finance, financial market, asset custody, etc. Small & Micro Enterprises The products and services provided by China Construction Bank for micro and small enterprises mainly include general credit business (foreign insured and domestic loans, loans to help insure, government procurement loans, supply loans, professional loans, insurance loans, business alliance loans, rental loans, small unsecured loans, corporate accounts, etc.), quick loans, small loans, and credit loans. Service Fee for Individual Clients Personal interbank counter transfer and remittance handling fee not exceeding a minimum of RMB2 and a maximum of RMB50. Public interbank counter transfer hand remittance handling fee not exceeding a minimum of RMB5 and a maximum of RMB200. Personal cash remittance handling fee not exceeding 0.5% of the remittance amount per transaction and a maximum of RMB50. Please refer to the official website of China Construction Bank. Service fee for Corporate Clients The corporate account opening fee is RMB 100/account, and account selection is RMB 200/account/, account cancellation RMB 100/account, portfolio seal management is RMB 8,000/year/account. The account management fee is RMB 360/year/account, and small accounts with quarterly average daily demand deposit balance below RMB 10,000 are charged according to RMB 150/quarter/account. The immobile account maintenance fee is RMB 600/year/account. Please refer to the official website of China Construction Bank.

CCB broker review

Is CCB safe or scam

Rating Index

Pros

Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.

Established for over three decades, providing a level of experience in the industry.

Decent execution speed and competitive spreads.

Cons

Unregulated, raising concerns about the safety and security of client funds.

Does not support popular trading platforms like MT4 or MT5, which may deter some traders.

Lacks client insurance, leaving traders vulnerable in case of issues with the broker.

How to login to CCB?

ccb Complete Account Guide: Registration, Account Opening, and Login Processes In this comprehensive guide, we will explore the detailed processes for registering, opening an account, and logging into the China Construction Bank (CCB) platform. This guide is designed to assist users in navigating th

CCB Forex Broker - Comprehensive Information Guide

1. Broker Overview

CCB, officially known as Central Cooperative Bank AD, was established in 1991 and is headquartered in Sofia, Bulgaria, at 87 Tsarigradsko Shose Blvd, 1086 Sofia. This broker operates as a private entity and primarily serves the global trading community, offering a range of financial services to clients worldwide. CCB broker has been active for over 33 years, positioning itself as a player in the forex and CFD trading industry.

The company has a significant history, marked by its inception in the early 90s, a period that was pivotal for the development of financial services in Bulgaria. Over the years, CCB has evolved its offerings, catering to both retail and institutional clients. Despite its long-standing presence, CCB broker has faced challenges regarding regulation and market establishment, which has impacted its reputation in the trading community.

CCB is known for providing access to various financial instruments, including forex pairs, commodities, indices, and contracts for difference (CFDs). However, it is important to note that the broker is currently unregulated, which raises concerns about the safety and security of client funds. CCB broker primarily operates under a retail trading model, focusing on individual traders who seek to engage in forex and CFD trading.

2. Regulatory and Compliance Information

CCB broker currently lacks proper regulation, which is a significant factor for potential traders to consider. The broker is not licensed by any major regulatory authority, which raises concerns about its compliance with industry standards. Various sources indicate that the broker does not hold valid regulatory licenses, making it essential for potential clients to exercise caution.

Regulatory Status: Unregulated
Licenses: No valid regulatory information available
Client Fund Segregation Policy: CCB broker does not provide information regarding the segregation of client funds, raising potential risks for traders.
Investor Compensation Fund Participation: There is no indication that CCB broker participates in any investor compensation schemes.
KYC and AML Compliance Measures: Specific details on KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures are not disclosed, which could pose additional risks for clients.

Given the lack of regulation, PediaFX does not recommend opening accounts with CCB broker due to the potential risks involved. Traders are advised to conduct thorough research and consider regulated alternatives for their trading activities.

3. Trading Products and Services

CCB broker offers a variety of trading products, catering to diverse trading needs. The broker provides access to numerous forex currency pairs, including major, minor, and exotic pairs, although the exact number of available pairs is not specified.

CFD Product Categories

Indices: Traders can access various global indices.
Commodities: CCB offers trading in commodities, although specific products are not detailed.
Stocks: The broker provides access to stock CFDs, facilitating trading on major companies.
Cryptocurrencies: There is no information indicating that CCB broker supports cryptocurrency trading.

Unique Trading Features

While CCB broker provides a range of products, it does not appear to offer any unique or proprietary trading instruments. The broker's product offerings are relatively standard compared to other brokers in the market.

Retail and Institutional Services

CCB broker primarily focuses on retail traders, providing services that cater to individual clients. Information regarding institutional services or white-label solutions is not available, indicating a potential limitation in their offerings for larger entities.

Product Updates

The frequency of product updates and the introduction of new trading instruments are not specified, which could impact traders looking for diverse trading opportunities.

4. Trading Platform and Technology

CCB broker does not support MetaTrader 4 or MetaTrader 5, which are the leading platforms in the forex trading industry. Instead, the broker likely utilizes its proprietary trading platform, although detailed information about this platform is not provided.

Platform Features

Web-based Trading Platform: CCB broker offers a web-based trading platform, but specifics about its functionalities are not disclosed.
Mobile Application: There is no indication of mobile application support for iOS or Android devices.
Execution Model: The execution model used by CCB broker is not clearly defined, which raises questions about the speed and reliability of trade executions.
Server Location and Infrastructure: Information regarding server locations and the technological infrastructure of the trading platform is not available.
API Access and Automated Trading Support: There is no mention of API access or support for automated trading strategies.

The lack of information regarding the trading platform and its features may be a drawback for traders looking for advanced trading tools and capabilities.

5. Account Types and Trading Conditions

CCB broker offers various account types, although specific details about these accounts are limited. The following information outlines the general trading conditions associated with their accounts:

Standard Account Conditions

Minimum Deposit: The minimum deposit requirement is not specified.
Spreads: The spread information is not disclosed, which could affect trading costs.
Commissions: There is no information regarding commissions charged on trades.

Advanced Account Types

Details about advanced account types, such as VIP or professional accounts, are not provided. This lack of information may limit traders' options for account customization.

Special Accounts

There is no mention of special accounts, such as Islamic accounts or corporate accounts, which could cater to specific trader needs.

Demo Account Policy

Information regarding the availability of demo accounts for practice trading is not provided, which may hinder new traders' ability to familiarize themselves with the platform.

Leverage Ratios

The leverage ratios available for different products are not specified, which is crucial for traders seeking to manage their risk effectively.

Minimum Trade Size

The minimum trade size information is not available, which could impact trading strategies.

Overnight Fees Policy

Details regarding overnight fees or swap rates are not provided, which is essential for traders holding positions overnight.

6. Fund Management

CCB broker supports various deposit and withdrawal methods, although specific details are not disclosed. The following outlines the general fund management processes:

Supported Deposit Methods

Bank Transfers: CCB broker likely accepts bank transfers as a primary method.
Credit Cards: Information about credit card acceptance is not specified.
E-Wallets: Specific e-wallet options are not detailed.

Minimum Deposit Requirements

The minimum deposit requirements for different account types are not provided, which could impact traders' initial investments.

Deposit Processing Time

The processing time for deposits is not specified, which may lead to uncertainty for traders.

Deposit Fees

There is no information regarding any deposit fees that may apply, which could affect overall trading costs.

Withdrawal Methods and Limitations

Information regarding withdrawal methods and any associated limitations is not provided, which is crucial for traders needing access to their funds.

Withdrawal Processing Time

Details about the processing time for withdrawals are not disclosed, leading to potential delays in accessing funds.

Withdrawal Fees Structure

There is no mention of withdrawal fees, which could affect the overall profitability of trading.

7. Customer Support and Educational Resources

CCB broker offers customer support through various channels, although specific details are limited. The following outlines the available support options:

Support Channels

Phone Support: CCB broker likely provides support via phone, although the specific number is not mentioned.
Email Support: Support via email is available, but the response time is not specified.
Online Chat: There is no information regarding online chat support.
Social Media: CCB broker's presence on social media is not detailed.

Service Hours and Time Zone Coverage

The service hours and time zone coverage for customer support are not specified, which could impact traders in different regions.

Multilingual Support

The languages supported by CCB broker for customer support are not disclosed, which may limit accessibility for non-English speakers.

Educational Resources

Information about educational resources, such as webinars, tutorials, or e-books, is not provided, which could hinder traders' ability to learn and improve their trading skills.

Market Analysis Services

There is no mention of market analysis services, such as daily analysis, news updates, or research reports.

Trading Tools

Details regarding trading tools, such as calculators, economic calendars, or signal services, are not available.

8. Regional Coverage and Restrictions

CCB broker serves a global market, although specific details about its regional coverage are not provided. The following outlines the broker's operational scope:

Major Service Markets

CCB broker primarily targets clients in Bulgaria and other regions, although specific countries are not detailed.

Regional Office Distribution

Information regarding the distribution of regional offices is not available, which could impact local support for traders.

Countries/Regions Not Accepted

There is no information regarding countries or regions from which CCB broker does not accept clients, which is essential for compliance with local regulations.

Special Restrictions

Specific restrictions that may apply to certain clients or regions are not detailed.

In conclusion, while CCB broker has been a long-standing entity in the financial services industry, potential clients should exercise caution due to its unregulated status and lack of detailed information on various aspects of its operations. Traders are encouraged to conduct thorough research and consider alternatives that offer better regulatory oversight and transparency.

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