Is cginvest safe and legit? Full review
cginvest is a Mauritius-based broker established in 2019 and regulated by The Financial Services Commission. Account opening is easy and fully digital, with three account types available and leverage up to 1:1000. The broker uses a self-developed platform alongside MT5, with mobile apps for iOS and Android, and the overall software experience is rated smooth, though desktop, web, and other application types are not supported. Customer service is available in English across two service regions, and the broker's influence is rated C, concentrated in the United Arab Emirates, Germany, India, and Turkey. Key strengths include its FSC regulation, full MT4/5 platform licensing, and multiple account options, while the lack of biometric login and the expectation of slow customer support responses are notable drawbacks.
Regulatory Compliance and Security
cginvest is regulated by The Financial Services Commission in Mauritius, and the regulatory status is fully compliant, with a safety level of Level 1.
Account Type
cginvest offers 3 types of accounts:
Trading software
cginvest supports a self-developed platform and MT5, with a full MT4/5 license. The MT5 platform is highly customizable, available in multiple languages, and offers clear expense reports, though it lacks two-step login and biometric authentication.
MT4/5 Server Distribution:
- CGInvest-Server (Germany), CGFX-Server (Germany)
- CGInvest-Server (United Arab Emirates), CGFX-Server (United Arab Emirates)
- CGInvest-Server (United Kingdom)
Mobile Support:
- iOS: CGFX Card
- Android: CGFX Cards
The software experience is rated as smooth.
Customer Service
cginvest's customer service supports 15 languages and 2 regions, with the United States and the United Kingdom among the main service areas. You can reach the team by phone, email, or IM app for answers to most inquiries, though response times may be lengthy.
Influence
cginvest has an influence rating of C, with its influence mainly distributed in the United Arab Emirates, Germany, India, and Turkey, and an average influence index of 4.62.