Cat Markets 2025 Review: Everything You Need to Know
Summary: Cat Markets has garnered mixed reviews, with an overall low trust rating primarily due to its regulatory status and customer service issues. Despite offering competitive trading conditions such as low minimum deposits and a variety of trading instruments, many users have expressed concerns over the broker's reliability and customer support.
Note: It's important to recognize that Cat Markets operates under different entities, which can affect the level of regulatory oversight and user experience. This review aims to provide a fair and accurate assessment based on the available information.
Rating Overview
We assess brokers based on user feedback, expert opinions, and factual data from various sources.
Broker Overview
Cat Markets was established in 2023 and is registered in Vanuatu. The broker offers access to the popular MetaTrader 5 (MT5) trading platform, which supports algorithmic trading and is favored by many traders for its extensive analytical tools. Cat Markets provides a variety of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. However, it operates under the regulatory oversight of the Vanuatu Financial Services Commission (VFSC), which has led to concerns regarding the broker's trustworthiness.
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Regulated Regions: Cat Markets is primarily regulated by the Vanuatu Financial Services Commission (VFSC), which is considered a lower-tier regulator compared to entities like ASIC or FCA.
Deposit/Withdrawal Currencies/Cryptocurrencies: The broker accepts deposits and withdrawals in various currencies including USD, EUR, and cryptocurrencies like Bitcoin and Ethereum.
Minimum Deposit: The minimum deposit to open an account is set at $20, making it accessible for novice traders.
Bonuses/Promotions: Cat Markets occasionally offers bonuses, although the details are often vague and subject to terms that may not be favorable for all traders.
Tradable Asset Classes: The broker offers a diverse range of assets, including over 70 currency pairs, stocks, commodities, and several cryptocurrencies.
Costs (Spreads, Fees, Commissions): Spreads start from 0 pips on the Ace account, but commissions can reach $3.5 per lot, which is higher than the industry average. Users have reported additional non-trading fees that can apply.
Leverage: Cat Markets offers leverage up to 1:500, which can amplify both profits and losses significantly.
Allowed Trading Platforms: The primary trading platform is MetaTrader 5, which is available for desktop and mobile devices.
Restricted Regions: Cat Markets does not accept clients from several countries, including the United States, Australia, and Japan.
Available Customer Support Languages: The broker provides customer support in multiple languages, including English, Spanish, and French; however, users have reported slow response times.
Repeated Rating Overview
Detailed Breakdown
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Account Conditions: With a minimum deposit of $20, Cat Markets is appealing to new traders. However, the high initial deposit for the Ace account can be a barrier for many. The availability of multiple account types does provide flexibility but the conditions are not competitive compared to other brokers.
Tools and Resources: The MT5 platform offers various tools, but the educational resources provided by Cat Markets are lacking. Users have noted that the broker does not offer sufficient market analysis or educational content to assist traders in making informed decisions.
Customer Service and Support: Customer support has received significant criticism, with many users reporting long wait times and unhelpful responses. This is a significant drawback for traders who may require immediate assistance.
Trading Setup (Experience): The trading experience on MT5 is generally smooth, with good execution speeds reported. However, the lack of transparency in terms of fees and commissions can lead to confusion and dissatisfaction among traders.
Trustworthiness: The regulatory status of Cat Markets is a primary concern, as the VFSC is not regarded as a stringent regulator. Many users have expressed doubts about the safety of their funds, and negative reviews highlight issues with withdrawal processes.
User Experience: Overall, the user experience is mixed. While the platform is user-friendly, the lack of strong customer support and clarity around fees detracts from the overall experience.
In conclusion, while Cat Markets does offer some appealing features such as low minimum deposits and a variety of tradable instruments, significant concerns regarding customer service, regulatory oversight, and trustworthiness remain. Traders should exercise caution and conduct thorough research before engaging with this broker.
