CDEX Forex Broker

CDEXBasic InformationCompany NameCDEXHeadquartersUnknownRegulationsSuspicious CloneTradable AssetsForex, commodities, cryptocurrencies, indicesAccount TypesStandard, RAW, US Cent AccountMinimum DepositStandard: 1 USDRAW: 2000 USDUS Cent Account: 1 USCTime to open accountInstantTrading PlatformsMT5 platformCustomer Supportcs@cd-ex.com, X( formely Twitter), Youtube and FacebookOverview of CDEX CDEX, based in Guadeloupe and established 1-2 years ago, offers four types of trading products and three account types, and supports the MT5 trading platform. However, its regulatory status is suspicious clone. Is CDEX Legit? CDEX is a suspicious clone, regulated by the Cyprus Securities and Exchange Commission. It holds a Market Making (MM) license with the number 299/16, issued to the licensed institution MAGIC COMPASS LTD.Regulatory Status Suspicious cloneRegulated by Cyprus Securities and Exchange CommissionLicensed Institution MAGIC COMPASS LTDLicensed TypeMarket Making (MM)Licensed Number299/16 Pros and Cons ProsConsProvides four types of trading productsSuspicious cloneOffers three account typesSupports MT5 trading platform Trading Instruments CDEX offers four classes of trading instruments, including forex, commodities, cryptocurrencies, indices.Tradable Instruments Supported Forex✔Commodities✔Cryptocurrencies✔Indices✔ Account Types Standard: This account type is accessible to all as it requires a minimal deposit of just 1USD. It features a low spread of 0.2 pips, which is the difference between the buying and selling price of an asset. The standout characteristic of this account type is its zero commission policy, making trading more profitable as there are no additional charges for transactions. RAW: Suited for more significant investments, the RAW account necessitates a higher entry point with a minimum deposit requirement of 2000USD. Traders with this account enjoy zero pips spread, optimizing potential profitability. However, a commission of 3.50USD is charged for transactions, which should be factored into the trading strategy. US Cent Account: This account caters to those looking to start with a smaller investment. It necessitates a minimum deposit of just 1USC (US Cent). Similar to the Standard Account, it offers a spread of 0.2 pipsand charges zero commission, making it an excellent choice for those new to trading or on a budget.Account TypeMinimum DepositSpreadCommissionSuitable ForStandard1 USD0.2 pipsZeroAll traders, especially beginnersRAW2000 USDZero pips3.50 USDTraders with larger investments seeking low spreadUS Cent Account1 USC (US Cent)0.2 pipsZeroNew traders or those on a budgetCDEX Fees CDEX offers three account types with varying spreads and commission structures. The Standard and US Cent Account both feature a spread of 0.2 pips with zero commission, while the RAW account offers zero pips spread but charges a commission of 3.50 USD per transaction. Trading Platforms CDEX exclusively utilizes the MetaTrader 5 (MT5) trading platform across all its account types. MetaTrader 5 (MT5) is a mobile trading application that allows traders to connect to trading servers and control their trading operations using any Android based smartphone or tablet device.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Mobile and Desktop（Windows & macOS）Experienced TraderMT4❌Mobile and Desktop（Windows & macOS）Beginner