Concord Markets Forex Broker

Note: Concord Marketss official website: https://www.cdgmarket.com/ is currently inaccessible normally.Concord Markets Review SummaryFounded2023Registered Country/RegionMalaysiaRegulationLabuan FSA (License No. MB/20/0047)Market InstrumentsForex, Commodities, IndicesDemo Account✅LeverageUp to 1:100SpreadRaw spreadsTrading PlatformMetaTrader 5 (MT5)Min Deposit$100Customer SupportEmail: support@cdgmarket.comConcord 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 ConsPros Cons Regulated under Labuan FSAOffshore regulationAdvanced MetaTrader 5 trading platformLimited account typesCompetitive raw spreadsNewly established brokerDemo account availableLimited customer support optionsIs 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 TypeSpreadLeverageCommissionMin DepositSuitable ForClassicRaw spreadsUp to 1:100$6 USD$100Beginner and moderate-level tradersProRaw spreadsUp to 1:100$4 USD$2,000Experienced tradersLeverage 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 TypeSpreadCommissionClassicRaw spreads$6 per tradeProRaw spreads$4 per tradeNon-Trading FeesNon-trading Fees Deposit FeeFree (Intermediary bank fees may apply)Withdrawal FeeNot mentionedInactivity Fee$500 per inactive quarter (charged after 3 months of inactivity)Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersMetaTrader 5✔iOS, Android, Windows, MacTraders requiring advanced tools and automationDeposit 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 OptionsDeposit Options Min. DepositFees Processing Time Bank Transfer$100Free1-3 Business DaysCredit/Debit Card$100FreeInstant Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time Bank TransferNot specifiedNot mentioned1-3 Business Days