GRUPO CORIL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.grupocorilsab.com/index-i.html, about the company's legal and temporary regulatory information, the company's address Calle Monterosa N° 256 Piso 12, Chacarilla del Estanque – Santiago de Surco - Lima 33 – Perú.
Grupo Coril is a financial brokerage firm established in 1991, with its headquarters located at Calle Monterosa N° 256, Piso 12, Chacarilla del Estanque, Santiago de Surco, Lima 33, Peru. The company operates as a private entity, providing a range of trading services to clients globally. Over the past 32 years, Grupo Coril has developed a reputation in the financial services sector, focusing on various investment solutions and market instruments.
The firm primarily serves retail and institutional clients, offering access to foreign exchange (forex), commodities, contracts for differences (CFDs), and indices. Grupo Coril has achieved several milestones throughout its history, including the establishment of its brokerage house and the expansion of its service offerings to include asset management and financial advisory services.
Grupo Coril operates under a diversified business model that encompasses retail forex trading, institutional services, and asset management. Its commitment to providing tailored financial solutions has contributed to its growth and influence in the financial markets.
Grupo Coril operates in a regulatory environment that currently shows no valid regulatory information. It is classified as an unregulated broker, which raises concerns regarding the safety and protection of client funds. The company does not hold licenses from any major regulatory bodies, and as such, it does not have a regulatory number or specific oversight.
The lack of regulation means that Grupo Coril does not participate in investor compensation schemes, which could provide some level of protection to clients in the event of financial difficulties. Furthermore, the firm does not have a clear policy on the segregation of client funds, which is a critical aspect of client safety.
In terms of compliance, Grupo Coril is expected to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although the specifics of these measures are not detailed in available resources. Given the unregulated status, potential clients should exercise caution and conduct thorough research before engaging with the broker.
Grupo Coril offers a variety of trading products, including:
Forex Trading: The broker provides access to a range of currency pairs, including major, minor, and exotic currencies. The specific number of currency pairs is not disclosed, but clients can expect to trade popular pairs such as EUR/USD, GBP/USD, and USD/JPY.
CFDs: Clients can trade CFDs on various asset classes, including indices, commodities, and stocks. However, the details on specific indices or commodities available for trading are not provided.
Special Products: Grupo Coril may offer unique trading opportunities or proprietary products, but specific information on such offerings is not available.
Retail Trading Services: The broker caters to retail clients by providing trading accounts designed for individual traders.
Institutional Client Services: Grupo Coril also offers services tailored to institutional clients, though the specifics of these services are not elaborated upon.
Asset Management Services: The firm may provide asset management solutions, but detailed offerings are not specified in the available information.
The frequency of product updates and the introduction of new trading instruments remain unclear, indicating a need for potential clients to inquire directly with the broker for the latest offerings.
Grupo Coril does not support MetaTrader 4 or MetaTrader 5, which are widely used trading platforms in the industry. Instead, the broker may utilize its proprietary trading platform, though specific details about its features and functionalities are not provided.
The broker offers a web-based trading platform that allows clients to access their accounts and trade online. Additionally, Grupo Coril may provide a mobile application for trading on iOS and Android devices, although specific functionalities of the app are not detailed.
Regarding execution models, the broker's execution method is not explicitly mentioned, and potential clients should inquire about whether it operates on an ECN, STP, or Market Making basis. The infrastructure supporting the trading platform, including server locations and technological capabilities, is not disclosed.
Grupo Coril does not provide information on API access or support for automated trading, which may limit options for algorithmic traders.
Grupo Coril offers several account types, although specific conditions for each type are not extensively documented. The standard account conditions include:
Advanced account types, such as VIP or professional accounts, may be available, but further information is not disclosed. Special account options, such as Islamic accounts or corporate accounts, are not mentioned.
The broker's policy on demo accounts is also unclear, and potential clients are encouraged to inquire about the availability of practice accounts.
Leverage ratios for different products are not specified, which is crucial information for traders looking to manage their risk effectively. The minimum trade size and overnight fees are also not detailed, indicating that prospective clients should seek clarification from Grupo Coril.
Grupo Coril supports various deposit methods, including:
The minimum deposit requirements may vary based on the account type, but specific details are not provided. The processing time for deposits is also unspecified, which could affect traders' ability to access their funds promptly.
Deposit fees and withdrawal methods are not clearly outlined, making it necessary for clients to confirm any associated costs directly with the broker. Withdrawal processing times are also not disclosed, which could impact clients cash flow management.
The fee structure for withdrawals is not specified, which is an important consideration for traders evaluating the overall cost of trading with Grupo Coril.
Grupo Coril offers multiple support channels, including:
The service hours and time zone coverage are not specified, which may affect clients' access to support.
The broker is expected to provide multilingual support, although specific languages offered are not mentioned.
In terms of educational resources, Grupo Coril may offer various materials, including:
Market analysis services, such as daily analysis, news updates, and research reports, may be available, but specifics are not detailed.
Trading tools, including calculators, calendars, and signal services, are not explicitly mentioned, which could limit traders' access to valuable resources for making informed trading decisions.
Grupo Coril primarily serves clients in Peru and potentially other Latin American markets. However, specific regional offices or distributions are not detailed.
The broker does not accept clients from certain countries, but the specific locations are not disclosed in the available information.
Any special restrictions on trading or account openings for clients in specific jurisdictions remain unclear, underscoring the importance of direct communication with Grupo Coril for potential clients.
In summary, while Grupo Coril offers a range of financial services, its unregulated status and lack of detailed information on various aspects of its operations warrant careful consideration by prospective clients. It is advisable for individuals to conduct thorough research and engage directly with the broker to obtain the most accurate and up-to-date information regarding their services.