Peaksight Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.peaksightltd.com/onboarding/personal-details-register?Opening=Direct-/en/contact/&sub_campaign=Direct-/en/contact/&utm_content=/en/contact/, the company's legitimate regulatory information CyprusCYSECStraight Through Processing(STP), to enhance the security of the company's address Kremmastis Rodou 62, 1st Floor, Office 101, Episkopi, 4620, Limassol, Cyprus.
Peaksight Forex Broker
Basic information
Cyprus
1-2 years Regulated in Cyprus Straight Through Processing(STP) Suspicious Scope of Business High potential riskCompany profile
Peaksight Information
Peaksight Ltd., incorporated in 2022 and authorised by CySEC, offers Forex, commodities, indices, and stocks CFDs. Retail and professional accounts have variable leverage and easy WebTrader access.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Incomplete details on spreads |
| No deposit fees | Withdrawal fees on wire transfers |
| Inactivity fees after 3 months |
Is Peaksight Legit?
Subject to Cyprus Securities and Exchange Commission (CySEC) rules, Peaksight Ltd. holds a “Straight Through Processing (STP)” licence. The licence number is 440/23; it will expire on December 11, 2023.
What Can I Trade on Peaksight?
Peaksight's 160+ CFDs on many asset types let clients diversify. Popular indices, FX pairs, commodities, cryptocurrencies, and top worldwide corporate equities are among the available CFDs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indices | ✔ |
| Stock | ✔ |
| ETF | ❌ |
Account Types
Peak Sight offers retail and professional classic, silver, gold, and VIP live accounts.
Professional accounts use 1:400; retail accounts use 1:30. All of the accounts have access to all assets, free assistance, a 100% margin call, and a minimum trading volume of 0.01.
The stop-out rate of professional accounts is 20%; that of retail accounts is 50%.
Leverage
Peaksight allows retail and professional leverage up to 1:30 and 1:400, respectively. Higher leverage lets traders hold larger positions with less capital, potentially increasing gains. Leverage can improve returns but also risk, so traders should use it carefully.
Peaksight Fees
Peaksight charges no commission on trades and offers low spreads starting from 0.03 pips.
Non-Trading Fees
| Non-trading Fees | |
| Deposit Fee | No deposit fees |
| Withdrawal Fee | No fees for card and e-wallet withdrawals; $30 for wire transfers |
| Inactivity Fee | €30/$30/£30 per month after 3 months of inactivity |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| Peaksight WebTrader | ✔ | Desktop, Tablet, Mobile | Traders who prefer a user-friendly interface with flexibility for mobile and desktop access |
Deposit and Withdrawal
Deposits are free at Peaksight, making account funding affordable. Withdrawals may involve $30, €30, or £30 wire transfer fees. Card withdrawals demand 10 EUR/USD/GBP, but e-wallet withdrawals do not.
| Method | Deposit Fee | Withdrawal Fee | Minimum Withdrawal Amount | Processing Time |
| Credit Card | 0% | 0% | 10 EUR/USD/GBP | 5-7 working days |
| Debit Card | 0% | 0% | 10 EUR/USD/GBP | 5-7 working days |
| Prepaid Card | 0% | 0% | 10 EUR/USD/GBP | 5-7 working days |
| Skrill | 0% | 0% | No minimum, must cover fee | Varies, typically faster |
| Wire Transfer | 0% | $30/€30/£30 | 100 EUR/USD/GBP | 3-5 working days, up to 10 days in some cases |