Concord Markets Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.cdgmarket.com/, the company's legitimate regulatory information MalaysiaLFSAStraight Through Processing(STP), to enhance the security of the company's address Office 11, Jamie Robin Business Centre 1, Unit F10, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan F.T..
Concord Markets Forex Broker
Basic information
Malaysia
1-2 years Regulated in Malaysia Straight Through Processing(STP) MT5 Full License Regional BrokersCompany profile
Note: Concord Marketss official website: https://www.cdgmarket.com/ is currently inaccessible normally.
Concord Markets Review SummaryConcord Markets Information
Established in 2023 and with headquarters in Malaysia, Concord Markets acts as a regulated broker under the Labuan FSA. Using its MetaTrader 5 platform, Concord provides good trading conditions with an eye toward Forex, indices, and commodities.
Pros and Cons
| Pros | Cons |
| Regulated under Labuan FSA | Offshore regulation |
| Advanced MetaTrader 5 trading platform | Limited account types |
| Competitive raw spreads | Newly established broker |
| Demo account available | Limited customer support options |
Is Concord Markets Legit?
Yes, Concord Markets is a legitimate broker. In Malaysia, it is under control by Labuan Financial Services Authority (Labuan FSA). The licensing type is Straight Through Processing (STP), with license number MB/20/0047.
What Can I Trade on Concord Markets?
Concord Markets serves different trader tastes by providing a wide spectrum of financial instruments.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| ETFs | ❌ |
Account Types
Two account forms are offered by Concord Markets: Classic and Pro, each suited for varying degrees of trading experience.
| Account Type | Spread | Leverage | Commission | Min Deposit | Suitable For |
| Classic | Raw spreads | Up to 1:100 | $6 USD | $100 | Beginner and moderate-level traders |
| Pro | Raw spreads | Up to 1:100 | $4 USD | $2,000 | Experienced traders |
Leverage
Concord Markets lets traders multiply their bets by providing leverage of up to 1:100. Leverage increases possible earnings but also increases risk, hence prudent money management is very important.
Concord Markets Fees
Based on the kind of account, Concord Markets charges raw spreads and a set commission.
| Account Type | Spread | Commission |
| Classic | Raw spreads | $6 per trade |
| Pro | Raw spreads | $4 per trade |
Non-Trading Fees
| Non-trading Fees | |
| Deposit Fee | Free (Intermediary bank fees may apply) |
| Withdrawal Fee | Not mentioned |
| Inactivity Fee | $500 per inactive quarter (charged after 3 months of inactivity) |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MetaTrader 5 | ✔ | iOS, Android, Windows, Mac | Traders requiring advanced tools and automation |
Deposit and Withdrawal
Concord Markets lets regular banking channels be used for deposits and withdrawals. The kind of the account determines the minimum deposit required.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $100 | Free | 1-3 Business Days |
| Credit/Debit Card | $100 | Free | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Transfer | Not specified | Not mentioned | 1-3 Business Days |
Rating Index
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Latest Reviews
☆Purple♂
United States
Beginner-friendly MT5 platform. Professional customer service.
Positive
2024-06-27
FX1494005621
Singapore
Really appreciated their transparency with STP trading and the wide range of products offered. Stands out how they don't position against clients - highlights their integrity. The tailored solutions and financial reports were helpful, and being LFSA regulated gives peace of mind. My interactions with CDG Market have been positive so far!
Positive
2024-05-15
FX1708281172
New Zealand
SMOOTH and RELIABLE. I appreciate the straightforward execution and the variety of tools available on MetaTrader 5. It's helped me adapt my strategies quickly to market changes, whether I'm day trading or holding positions longer term
Positive
2024-07-16