CINDA SECURITIES foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.cinda-securities.com/signup/index/?hl=en, about the company's legal and temporary regulatory information, the company's address .
CINDA SECURITIES Forex Broker
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
Note: CINDA SECURITIES's official website: https://www.cinda-securities.com is currently inaccessible normally.
CINDA SECURITIESReview SummaryCINDA SECURITIES is an unregulated broker registered in the United Kingdom. It supports trading through MT5 and offers three types of market instruments with leverage up to 1:400 and spreads starting from 0.1 pips.
Pros and Cons
| Pros | Cons |
| MT5 support | No legal regulation |
| Micro accounts offered | No demo accounts |
| Fake license | |
| Limited contact channels | |
| Unavailable website |
Is CINDA SECURITIES Legit?
CINDA SECURITIES claims to hold a license issued by the Australian Securities & Investments Commission (ASIC) with the license number 001291102. However, this license has been revoked, and even whether it was ever regulated by ASIC is questionable.
In addition, CINDA SECURITIES is a cloned company. Its name is similar to a legitimate Chinese company (Cinda International). The following image is the regulatory statement of Cinda Securities on their official website. In fact, this regulatory information actually belongs to that Chinese company.
| Regulatory Status | Revoked |
| Regulated by | Australia Securities & Investment Commission |
| Licensed Institution | CINDA SECURITIES PTY LTD |
| Licensed Type | Appointed Representative (AR) |
| Licensed Number | 001291102 |
What Can I Trade on CINDA SECURITIES?
CINDA SECURITIES offers three types of trading instruments: forex, indices, and cryptocurrencies. While the choices are diverse, since CINDA SECURITIES is a cloned broker, you'd better avoid engaging in any trading activities with it.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Securities | ❌ |
| Mutual Fund | ❌ |
| Futures | ❌ |
Account Type
Since CINDA SECURITIES's official website is unavailable, the specific accounts provided by CINDA SECURITIES remain unknown. However, after investigation, we can find out that it offers micro accounts and standard accounts with minimum deposits of $10 and $100 respectively.
| Account Type | Min Deposit |
| Micro Account | $10 |
| Standard Account | $100 |
Leverage
CINDA SECURITIES provides a maximum leverage of up to 1:400, granting traders the potential to magnify their positions by 400 times the initial capital. However, high leverage also brings high risks.
Trading Platform
CINDA SECURITIES claims to offer trading through the MT5 platform. However, since it is an illegitimate entity, it is highly likely that CINDA SECURITIES does not have legal access to MT5.
| Trading Platform | Supported | Available Devices |
| MT4 | ❌ | / |
| MT5 | ✔ | Phone and computer |
| cTrade | ❌ | / |
Deposit and Withdrawal
CINDA SECURITIES has not specified which deposit methods it accepts.
Rating Index
CINDA SECURITIES Similarly Rated Brokers
Latest Reviews
世伟
Singapore
I want to share my trading experience with this broker. I had a question asking why the balance on my account did not match my MT5 account and was told my profit would show after I withdraw my opening balance....huh! Why it can't show the balance on the account makes no sense to me. I don’t think CINDA SECURITIES is a professional broker.
Neutral
2023-03-24
FX1261455873
United States
I have been trading there for 2 weeks and they instantly deleted my trading history and did not pay my money. They are the worst, STAY AWAY!!
Neutral
2023-02-27
Yuri2
South Africa
CINDA SECURITIES offers a mediocre experience. The platform's interface is outdated, lacking user-friendly features. Customer support is responsive but somewhat scripted. While investment options are decent, technical glitches and a less-than-swift resolution process leave room for improvement. Competitive fees, but better alternatives are available.
Neutral
2023-12-19