CMTPRO Forex Broker

Basic Information Registered Countries Saint Vincent and the Grenadines Regulation No License Minimum Deposit € / £ / $ 250 Maximum Leverage 1:500 Minimum Spread From 0.01 pips on the EUR/USD pair Trading Platform Mobile Trader, WebTrader Trading Assets Currencies, Commodities, Indices, Shares, Cryptocurrencies Payment Methods N/A Customer Support 5/24 customer support General Information CMTPRO seems to be an online forex broker providing access to a series of trading instruments including Currencies, Commodities, Indices, Shares, Cryptocurrencies. To start trading with this broker, $250 or the equivalent amount is required, and this broker boasts that the minimum spreads on the EUR/USD pair start from 0.01 pips. When it comes to regulation, what you are gonna here may not be good news, for CMTPRO is not authorized or regulated by any regulatory authority, and thats why it receives a very low score of 1.05/10 on the WikiFX platform. Market Instruments CMTPRO performs good when it comes to this part, as it provides access to a wide selection of trading instruments, including Currencies, Commodities, Indices, Shares, as well as Cryptocurrencies. Account Types Two available trading account options are provided by CMTPRO, designed for both beginners and professional traders: Beginner trading account and Professional Trading accounts. The minimum deposit to get started with CMTPRO is 250 dollars/250 pounds/250 euros. Aside from these two accounts, swap-free accounts are also available. Spreads & Commissions CMTPRO says that clients can trade forex instruments such as EUR/USD as low as 0.8 pips, as well as a host of other forex and CFD instruments. Leverage Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while CMTPRO enables its clients to use leverage of up to 1:500. This is much higher than the proper amount considered appropriate by most regulators. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size. Trading Platform As for trading platforms, what CMTPRO offer is not the industry leading MT4 or MT5 trading platform, a mobile trader and a web trader instead. Payment Methods The minimum deposit to get started with CMTPRO is $250 or the equivalent amount, and this broker allows its clients to make a deposit and withdrawal through multiple payment options, including Credit/Debit Cards, Prepaid Cards as well as some e-wallet options. CMTPRO says it covers all deposit fees. concerning additional charges, clients need to contact their Provider/Bank. Customer Support Clients who have any inquiry or trading-related issues can only get in touch with CMTPRO through an email: support@cmtpro.com. Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience. The information presented in this article is intended solely for reference purposes. Pros & Cons Pros Cons High leverage No regulation Swap-free accounts available Poor customer support High minimum deposit No MT4 or MT5 trading platform Lack of account description Frequently Asked Questions What is the maximum trading leverage does CMTPRO provide？ The maximum trading leverage offered by CMTPRO is up to 1:500. What trading instruments does CMTPRO offer？ CMTPRO offers a wide selection of trading instruments including Currencies, Commodities, Indices, Shares, as well as Cryptocurrencies. What is the minimum deposit to get started with CMTPRO？ The minimum deposit to get started with CMTPRO is € / £ / $ 250.