CERMAK Forex Broker

CERMAKReview SummaryFounded2024-01-16Registered Country/RegionUnited StatesRegulationUnregulatedMarket InstrumentsForex, CDFs(on Forex/Commodities/Stocks/Indices/Metals)Demo Account✅LeverageUp to 1:500SpreadAs low as 0Trading PlatformMT5(Windows, Mac, iOS, Android)Min Deposit$50Customer SupportPhone: +995 593372411Email: contact@cermakfx.comCERMAK 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 ConsPros Cons 24/5 supportUnregulatedVarious instruments: Forex, CDFs on different assetsCan't open the official websiteMT5 availableDemo account availableLeverage up to 1:500Is 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 STPECNMaximum Leverage1：500-Minimum Spread0.8 pip0.0 pipMinimum Deposit$50-Commission$0$3CERMAK 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 PlatformSupported Available Devices MT5✔Windows, Mac, iOS, AndroidDeposit 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 DetailsPhone +995 593372411Email contact@cermakfx.comSupported Language EnglishWebsite Language EnglishPhysical Address Bonovo Road, Fomboni, lsland of Mohéli, Comoros Union