Conotoxia Forex Broker

ConotoxiaReview SummaryFounded2013Registered Country/RegionCyprusRegulationCySECMarket InstrumentsCFDs (forex, indices, shares, ETFs, commodities, cryptos, futures)Demo Account✅LeverageUp to 1:30 (Retail clients)EUR/USDSpread0 pipsTrading PlatformMT5, cTrader, Conotoxia APPMin Deposit400 PLN, 100 EUR, 100 USD or 100 GBPCustomer Support24/5 supportTel: +357 250 300 46 (Cyprus office)+48 224 639 988 (Poland branch)Email: support@cy.conotoxia.comSocial media: Twitter, YouTube Conotoxia is a CFD broker in Cyprus, which was registered in 2013. This company focuses on the CFD markets, and offers trading services related to forex, indices, shares, ETFs, commodities, cryptos, and futures. More importantly, it is regulated by Cyprus Securities and Exchange Commission (CySEC).Pros and ConsPros Cons Regulated wellSingle account typeWide range of CFD productsLimited payment optionsDemo accountsFlexible leverage ratiosMultiple trading platforms (MT5 included)No fees for deposits and withdrawalsIs Conotoxia Legit? Yes, Conotoxia is regulated by Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that Conotoxia operates in compliance with the stringent financial standards and practices set forth by CySEC.Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.Cyprus Securities and Exchange Commission (CySEC)RegulatedCyprusMarket Making (MM)336/17WikiFX Field Survey WikiFX field survey team visited Conotoxia's regulatory address in Cyprus, and we found the company's physical office.What Can I Trade on Conotoxia? Conotoxia offers trading services related to CFDs, and customers can trade forex, indices, shares, ETFs, commodities, crypto, and futures on the platforms provided by Conotoxia.Tradable Instruments Supported CFDs✔Forex✔Commodities✔Indices✔Shares✔Cryptos✔ETFs✔Futures✔Bonds❌Options❌Account Type Conotoxia only provides one type of account: Smart Account with the minimum deposit requirement of 400 PLN or 100 EUR/USD/GBP.Leverage The leverage for different types of CFDs is not the same, but on the whole, the leverage can be up to1:30. Customers need to be careful, because high leverage may bring high potential risks.Spread and Commission Conotoxia claims to offer EUR/USD spread from 0 pips. As for the commissions, different trading instruments have different commission fees.Trading InstrumentCommissionCFDs Indices❌Single Stocks CFD and Single ETF CFD0.5% per trade dealStocks CFD and ETFs CFD0.1% per trade (min $2)Trading Platform Conotoxia uses 3 types of platforms, including MT5, cTrader, and Conotoxia APP.Trading PlatformSupported Available Devices Suitable forMT5✔Desktop, Mobile, Tablet, WebExperienced traderscTrader✔Desktop, Mobile, Tablet, Web/Conotoxia APP✔Mobile/MT4❌/BeginnersDeposit and WithdrawalDeposit Options Base CurrenciesDeposit FeeDeposit Time Bank transferEUR, USD, GBP, and PLN❌1-5 working daysWithdrawal Options Base CurrenciesWithdrawal FeeWithdrawal TimeWire TransferPLN❌Requests are processed between 8:00–16:00 CET timeSEPA TransferEUR, USD, GBPInternational Transfer