CERMAK foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://cermakfx.com/, about the company's legal and temporary regulatory information, the company's address Bonovo Road, Fomboni, Island of Mohéli, Comoros Union.
CERMAK Forex Broker
Basic information
United States
1-2 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
CERMAK Information
CERMAK is a broker. The tradable instruments, with Standard STP and ECN accounts with a maximum leverage of 1:500, include forex and CDFs on commodities, stocks, indices, and metals. The minimum spread is from 0.1 pip and the Standard STP's minimum deposit is $50. CERMAK is still risky due to its unregulated status, high leverage, and closed official website.
Pros and Cons
| Pros | Cons |
| 24/5 support | Unregulated |
| Various instruments: Forex, CDFs on different assets | Can't open the official website |
| MT5 available | |
| Demo account available | |
| Leverage up to 1:500 |
Is CERMAK Legit?
CERMAK is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on CERMAK?
Traders can choose different investment directions because the broker provides forex and CDFs on commodities, stocks, indices, and metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs on indices | ✔ |
| Commodities CFDs | ✔ |
| CFDs on stocks | ✔ |
| CFDs on metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
CERMAK has two types of accounts: Standard STP and ECN. Traders who want low spreads can open an ECN account and those who prefer free commission choose the Standard STPaccount. Novice traders can also try a demo account first.
| Account Type | Standard STP | ECN |
| Maximum Leverage | 1：500 | - |
| Minimum Spread | 0.8 pip | 0.0 pip |
| Minimum Deposit | $50 | - |
| Commission | $0 | $3 |
CERMAK Fees
The spread starts from 0.1 pips, and the Standard STP account is commission-free.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
CERMAK has an authoritative MT5 trading platform for Windows, Mac, iOS, and Android to trade. Compared with MT4, experienced traders prefer MT5.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Windows, Mac, iOS, Android |
Deposit and Withdrawal
Theminimum deposit of a Standard STP account is $50. However, due to the closed official website, transfer processing times and associated fees are unknown.
Customer Support Options
CERMAK provides 24/5 customer support, and traders can contact the broker via phone and email.
| Contact Options | Details |
| Phone | +995 593372411 |
| contact@cermakfx.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Bonovo Road, Fomboni, lsland of Mohéli, Comoros Union |
Rating Index
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FX2291061964
Colombia
Excellent Broker, I recommend it 100%, pays on time. 😄
Positive
2024-08-06