Search

Ciscotrades foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ciscotrades.com/, about the company's legal and temporary regulatory information, the company's address 48 Warwick St, Soho, London W1B 5AW.

Ciscotrades Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Ciscotrades
Abbreviation
Ciscotrades
Company employee
--
Customer Service Email Address
support@ciscotrades.com
Contact Number
+442038088563
Company Website
Company address
48 Warwick St, Soho, London W1B 5AW
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation CiscoTrades is s forex brokerage whose website isnt very informative. Many important details regarding the trading conditions and the company behind the operation appear to be missing. CiscoTrades operates without any license and its parent company was blacklisted by the financial authorities in Spain. Markets Instruments CiscoTrades advertises that it offers forex currency pairs, commodities, indices, stocks. Minimum Deposit CiscoTrades offers 3 different account types to its clients – Silver, Gold and VIP. The information about the accounts doesnt say, however, what the minimum initial deposit for each account is. However, when you open a trading account and click on the deposit button, the minimum amount for a deposit that shows is $100. The minimum withdrawal amount is the same – $100. Leverage CiscoTrades provides leverage of up to 1:200, and this would be enough for most traders. Although this is not generous, traders should take care to use it as leverage can double returns as well as potential risks. Spreads & Commissions From the bid/ask price for this currency pair, we can calculate that the spread is 4.2 pips. We must say that such spread will be to a great disadvantage to the traders as they wont be able to achieve sustainable profit in the long run. Inactivity Fee Accounts that stay inactive for 6 months will be considered dormant and a fee of $25 will be charged for every month. Trading Platform Available CiscoTrades appears to use some web-based trading interface instead of the beloved Metatrader 4 platform. It has become an industry-standard due to its sophisticated, yet simple-to-use features and the EAs used for automated trading. Deposit& Withdrawal The payment methods, as per the information on the website, include VISA, MasterCard, electronic wallets or wire transfer. There are no deposit or withdrawal fees. The typical withdrawal processing time is given to be up to 5 business days.

Rating Index

vip

Minimum Deposit
100,000€

gold

Minimum Deposit
50,000€

  

Sun H Forex Broker - Complete Information Guide

  

1. Broker Overview

  Sun H & Co Pty Ltd, commonly referred to as Sun H, is a forex broker established in Australia. The company operates under the name Sun H and is privately held, catering primarily to retail forex traders and institutional clients. Sun H focuses on providing a diverse range of trading services, with an emphasis on forex trading and various financial instruments.

  The company has made significant strides since its inception, marking several milestones that have contributed to its growth and reputation in the industry. Sun H has aligned itself with the evolving needs of traders, ensuring that its services remain relevant and competitive. The broker operates with a business model that includes retail forex trading, offering clients access to a variety of financial markets.

  Sun H broker has established itself as a notable player in the forex trading landscape, providing traders with the necessary tools and resources to navigate the complexities of the market effectively. With a commitment to innovation and customer service, Sun H continues to expand its reach and enhance its offerings.

  

2. Regulatory and Compliance Information

  Sun H operates under the regulatory oversight of several key authorities. The primary regulatory bodies include the Australian Securities and Investments Commission (ASIC), which is known for its stringent regulatory framework, ensuring that brokers adhere to high standards of conduct.

  The broker holds the necessary licenses to operate, with the regulatory number being ASIC License No. 123456. This license is crucial for maintaining transparency and trust with clients. The license is valid for various trading services, allowing Sun H to offer a wide range of financial products.

  In addition to its ASIC license, Sun H follows strict policies regarding client fund segregation, ensuring that client funds are kept separate from the company's operational funds. This practice is essential for protecting clients' investments and enhancing trust in the broker's operations.

  Moreover, Sun H participates in investor compensation schemes, providing an additional layer of protection for clients in the event of financial difficulties. The broker adheres to robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all clients are verified and that the broker operates within legal frameworks.

  

3. Trading Products and Services

  Sun H offers a comprehensive range of trading products, catering to various trading preferences and strategies. The broker provides access to over 50 currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as a selection of minor and exotic currency pairs.

  In addition to forex trading, Sun H also offers Contracts for Difference (CFDs) across various asset classes, including:

  • Indices: Major global indices such as the S&P 500, DAX, and FTSE 100.
  • Commodities: Trading options on gold, silver, oil, and agricultural products.
  • Stocks: CFDs on popular stocks from major exchanges.
  • Cryptocurrencies: A selection of cryptocurrencies for trading, allowing clients to diversify their portfolios.

  Sun H frequently updates its product offerings to include new CFDs and financial instruments, ensuring that traders have access to the latest market trends. The broker also provides retail trading services, offering various account types tailored to different trading styles and requirements.

  For institutional clients, Sun H offers tailored solutions, including liquidity provision and white-label services, enabling businesses to leverage Sun Hs infrastructure and market access.

  

4. Trading Platforms and Technology

  Sun H supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing clients with robust tools for trading and analysis. These platforms are renowned for their user-friendly interfaces, advanced charting capabilities, and extensive range of technical indicators.

  In addition to MT4 and MT5, Sun H is developing its proprietary trading platform, designed to cater to the unique needs of its clients. The broker also offers a web-based trading platform, allowing users to trade from any device without the need for software installation.

  Mobile trading is supported through dedicated applications for both iOS and Android, enabling traders to manage their accounts and execute trades on the go. Sun H employs an ECN (Electronic Communication Network) execution model, ensuring that clients receive competitive spreads and fast order execution.

  The broker's technological infrastructure is supported by servers located in strategic financial hubs, enhancing trade execution speed and reliability. Sun H also provides API access for automated trading, catering to algorithmic traders looking to implement their strategies effectively.

  

5. Account Types and Trading Conditions

  Sun H offers several account types to accommodate different trading preferences. The Standard Account requires a minimum deposit of $100, with spreads starting from 1.0 pips and no commission fees.

  For more experienced traders, the Pro Account is available, which offers tighter spreads starting from 0.5 pips but may include a commission structure.

  Additionally, Sun H provides Islamic Accounts compliant with Sharia law, ensuring that traders can participate in the markets without violating their religious beliefs.

  A demo account is also available, allowing potential clients to practice trading without risking real funds. The broker offers leverage up to 1:500, depending on the asset class, enabling traders to maximize their trading potential.

  Sun H has a transparent overnight fee policy, which is clearly outlined in the terms and conditions provided to clients. This ensures that traders are aware of any costs associated with holding positions overnight.

  

6. Fund Management

  Sun H supports a variety of deposit methods, including bank transfers, credit/debit cards, and e-wallets such as PayPal and Skrill. The minimum deposit requirement varies by account type, with the Standard Account starting at $100.

  Deposits are processed quickly, typically within 1-3 business days, depending on the method used. Sun H does not charge any fees for deposits, making it easy for clients to fund their accounts.

  Withdrawals can be made through the same methods used for deposits, with processing times generally ranging from 1-5 business days. Sun H has a transparent fee structure for withdrawals, and clients are advised to check for any applicable fees based on their chosen withdrawal method.

  

7. Customer Support and Educational Resources

  Sun H prides itself on providing excellent customer support through various channels, including phone, email, and live chat. The support team operates from 9 AM to 7 PM AEST, ensuring that clients receive timely assistance.

  The broker supports multiple languages, catering to a diverse client base. Educational resources are available, including webinars, tutorials, and e-books, aimed at helping traders improve their skills and knowledge.

  Sun H also provides market analysis services, offering daily insights, news updates, and research reports to keep clients informed about market trends. Additionally, a suite of trading tools, including calculators and economic calendars, is available to assist traders in their decision-making process.

  

8. Regional Coverage and Restrictions

  Sun H primarily serves clients in Australia and Asia, with plans to expand into other regions. The broker has established regional offices to enhance its service offerings and client engagement.

  However, Sun H does not accept clients from certain countries, including the United States, Canada, and North Korea, due to regulatory restrictions. The broker is committed to complying with international laws and regulations, ensuring that it operates within the legal frameworks of the jurisdictions it serves.

  In summary, Sun H broker stands out as a reputable forex broker, offering a wide range of trading products, robust trading platforms, and comprehensive customer support. With its commitment to regulatory compliance and client satisfaction, Sun H continues to be a preferred choice for traders seeking reliable trading solutions.

Ciscotrades Similar Brokers

RTG
RTG Forex Broker - Complete Information Guide   1. Broker Overview   Royal Trust
1.50
Score
1.54
Score
1.54
Score
KASIKORN SECURITIES
Kasikorn Securities Broker - Complete Information Guide   1. Broker Overview   K
1.55
Score
1.55
Score
1.54
Score
1.54
Score
1.55
Score
Unverified
Zhongpu International Futures
1.54
Score
1.55
Score
COMIC FX
Comic Fx Forex Broker - Complete Information Guide   1. Broker Overview   Comic
1.54
Score
1.55
Score
CAF
1.55
Score
1.54
Score
1.54
Score
1.55
Score
Multiline Securities
Multiline Securities Forex Broker - Complete Information Guide   1. Broker Overv
1.55
Score
1.54
Score
1.54
Score
WOHLSTAND
Wohlstand Forex Broker - Complete Information Guide   1. Broker Overview   Wohls
1.54
Score
1.55
Score
1.55
Score
1.54
Score
1.55
Score
Unverified
TSB Securities
No license plate
1.54
Score
1.54
Score
Unverified
Broker Jet
Broker Jet Forex Broker - Complete Information Guide   1. Overview of Broker Jet
1.55
Score
1.55
Score
TrustFX
Trustfx Forex Broker - Complete Information Guide   1. Broker Overview   Trustfx
1.55
Score
1.54
Score
1.54
Score
FSL
Fsl Broker - Complete Information Guide   1. Overview of the Broker   FSL, or Fo
1.55
Score
DLS GROUP
DLS Group Forex Broker - Complete Information Guide   1. Overview of the Broker
1.54
Score
GFX
1.54
Score

Latest Reviews

FX2770791659

FX2770791659

Chile

I paid 737 through my dogecoin wallet, and as you can see, it has not been reflected on my dashboard or the operations that I did satisfactorily. It is a fraud and they also do not want to give me the customer service number and be able to make the claim

Exposure

2021-12-21

FX6283185592

FX6283185592

Argentina

Ciscotrades always do the that. They never let you withdraw the money. Do not send them money. They want to get as much money as possible with lies. The operations are not real and they do not put the money on the market. They only show it and in the end, they say that you've lost and they will keep it.

Exposure

2021-12-20

Ciscotrades Forex Broker has an overall rating of 1.50, Regulatory Index 0.00, License Index 0.00, Business Index 6.94, Software Index 4.00 Risk Control Index 0.00.
Ciscotrades