CINDA SECURITIES Forex Broker

Note: CINDA SECURITIES's official website: https://www.cinda-securities.com is currently inaccessible normally.CINDA SECURITIESReview SummaryFounded/Registered Country/RegionUnited KingdomRegulationNot regulatedMarket InstrumentsForex, Cryptocurrencies and IndicesDemo Account❌LeverageUp to 1:400SpreadFrom 0.1 pipsTrading PlatformMetaTrader 5Min Deposit$100Customer SupportEmail: @cinda-securities.com CINDA 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 ConsProsConsMT5 supportNo legal regulationMicro accounts offeredNo demo accountsFake licenseLimited contact channelsUnavailable websiteIs 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 However, this license has been revoked, and even whether it was ever regulated by ASIC is questionable.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 StatusRevokedRegulated byAustralia Securities & Investment CommissionLicensed InstitutionCINDA SECURITIES PTY LTDLicensed TypeAppointed Representative (AR)Licensed Number001291102What 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 InstrumentsSupportedForex✔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 TypeMin DepositMicro Account$10Standard Account$100Leverage 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 PlatformSupportedAvailable DevicesMT4❌/MT5✔Phone and computercTrade❌/Deposit and Withdrawal CINDA SECURITIES has not specified which deposit methods it accepts.