Company profile
Currently, the official website of Chancellor Precious Metals(http://www.cpm888.com/en/index.aspx) is inaccessible.Chancellor Precious Metals Review SummaryFounded2008Registered Country/RegionHong KongRegulationUnregulatedMarket InstrumentsLoco London Gold, Loco London Silver, RMB Kilo Gold BarDemo Account×SpreadLoco London Gold: $0.05Loco London Silver: $0.04RMB Kilo Gold Bar: ¥0.2Trading PlatformMT4 Desktop, MT4 MobileMin Deposit$200Customer SupportPhone: +852 2545 1800Email: cs@cpm888.com24/7 Online Chat: Not providedPhysical Address: Room 601, Tins Enterprises Centre, 777 Lai Chi Kok Road, Cheung Sha Wan, KowloonChancellor Precious Metals Information Established in 2008, Chancellor Precious Metals is a trading corporation situated in Hong Kong under regulation. It focuses in trading RMB Kilo Gold Bars, Loco London Gold, and Loco London Silver. The platform calls a minimum deposit of $200 and enables MT4 trading.Pros and ConsProsConsSpecialized trading precious metalsNo demo account availableUses MT4, a widely accepted trading platformNo 24/7 customer supportUnregulatedIs Chancellor Precious Metals Legit? Chancellor Precious Metals is unregulated.What Can I Trade on Chancellor Precious Metals? Focusing on precious metal trade, Chancellor Precious Metals provides RMB Kilo Gold Bar, Loco London Gold, and Loco London Silver.Tradable InstrumentsSupportedForex❌Commodities✔ (Precious metals only)Indices❌Shares❌CFDs❌Account Types Chancellor Precious Metals offers only one type trading account. It requires a minimum deposit of $200. The platform does not offer a demo account or Islamic account.Real AccountMinimum deposit: $200Chancellor Precious Metals FeesSpreads and CommissionsLoco London Gold: Spread $0.05, Commission $50 per lotLoco London Silver: Spread $0.04, Commission $50 per lotRMB Kilo Gold Bar: Spread ¥0.2, Commission ¥100 per lotInstrumentSpreadCommissionLoco London Gold$0.05$50 per lot (open trade)Loco London Silver$0.04$50 per lot (open trade)RMB Kilo Gold Bar¥0.20¥100 per lot (open trade)Swap RatesLoco London Gold: $12/day for Long (Buy), $2/day for Short (Sell).RMB Kilo Gold Bar: ¥16.50/day for Long (Buy), ¥8.50/day for Short (Sell).Trading Platform Chancellor Precious Metals provides the MT4 trading platform.Trading PlatformSupportedAvailable DevicesSuitable forMT4 Desktop✔Windows, MacAll trader typesMT4 Mobile✔iOS, AndroidBeginner to advancedMT4 Web❌--Deposit and Withdrawal The minimum deposit required by Chancellor Precious Metals is $200; users need to deposit money into the authorized bank account of the business.Deposit OptionsMin. DepositFeesProcessing TimeBank Transfer$2003% (tentatively absorbed)1-3 Business DaysOnline Payment$2003% (waived with volume met)Instant
FX1707711665
Australia
As a trader who values security and reliability, Chancellor Precious Metals' platform meets my needs with its solid regulatory backing from CGSE. The ability to trade Loco London Gold and Silver, and RMB kilo gold bars, with straightforward commission structures, is a plus for conservative traders like myself. The platform's MT4 interface offers robust charting tools and efficient order execution, ideal for executing precise trades. While the range of products is somewhat limited, the educational resources and market analysis provided help bridge the gap. Customer support, though responsive, could benefit from more proactive engagement during peak trading hours.
Positive
2024-07-16