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CPT Markets , E-Global Broker Comparison

Do you want to know which is the better broker between CPT Markets and E-Global ?

In the table below, you can compare the features of CPT Markets , E-Global side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
8.6
Regulated
No guarantee
--
--
10-15 years
FCA,FSC,FSCA
Supported
Supported
Online banking,QR,Wire transfer,MASTER,VISA,Crypto
A
AA
396
266
266
281
1024
760
1024
AA
--
--
--
--
C

EURUSD:15

XAUUSD:45.16

A

EURUSD: -6.92 ~ 1.66

XAUUSD: -28.12 ~ 13.19

AA
0.1
52.3
--
$100
1:1000
From 0.9
50.00
Floating
0.01
--
1.53
Suspicious Clone
No guarantee
--
5-10 years
FSC
Not supported
Not supported
--
B
B
599.7
46
63
46
1999
1984
1999
AAA

EURUSD:-0.7

EURUSD:-69.8

29
-1
29
C

EURUSD:20.27

XAUUSD:28.45

C

EURUSD: -5.99 ~ 1.05

XAUUSD: -423.22 ~ 141.7

C
0.4
291.9
--
--
--
--
--
--
--
--
--
--
--

Score
Regulatory Status
Regulated
Suspicious Clone

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of cpt-markets, e-global lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

cpt-markets
CPT MarketsBasic Information
Founded 2016
Registered CountryBelize
RegulationFCA (UK), Offshore FSC (Belize), FSCA (South Africa)
Minimum Deposit$20
Demo Account
Tradable AssetsForex, Indices, Commodities, Stocks, Cryptocurrencies
Trading PlatformMetaTrader 4, MetaTrader 5, cTrader
SpreadFrom 1.4 pips (Classic account)
LeverageUp to 1:1000
Customer SupportOnline Chat: 5/24
Email: support.za@cptmarkets.com, info@cptmarkets.co.uk, cs@cinda.com.hk
Region RestrictionsThe United States, United Kingdom, Canada, Israel, Iran, Cyprus, and North Korea...

CPT Markets Basic Information

Founded in 2016, CPT Markets is a global financial brokerage firm that offers trading on Forex, Metals, Energy, Indices, Cryptocurrencies through MT4, MT5 or cTrader. However, CPT Markets does not offer its services to residents of the United States, Canada, and some other jurisdictions.

CPT Markets' homepage

Is CPT Markets legit?

CPT Markets is a legit broker and it has three entities regulated in their own jurisdictions:

CPT Markets UK is the trading name used by CPT Markets UK Limited. The company's registered office is located in Wales, England, with registration number 6707165, authorized and managed by the UK Financial Conduct Authority (FCA), number 606110. CPT Markets UK Limited is an associated company of CPT Markets Limited.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberStatus
UK
Financial Conduct Authority (FCA)CPT Markets UK LimitedMarket Making (MM)606110Regulated
Regulated by FCA

CPT Markets is the trading name used by CPT Markets Limited, registered in Belize, offshore regulated by the Belize International Financial Services Commission (FSC), license number: No. IFSC000314/351.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberStatus
FSC
Financial Services Commission (FSC)CPT Markets LimitedRetail Forex000314/126Offshore Regulated
Offshore regulated by FSC

Another entity, CPT MARKETS (PTY) LTD, is regulated in South Africa, authorized by the Financial Sector Conduct Authority (FSCA) under license no. 45954.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberStatus
South Africa
Financial Sector Conduct Authority (FSCA)CPT MARKETS (PTY) LTDFinancial Service45954Regulated
Regulated by FSCA

Pros & Cons

When evaluating a potential broker to trade with, it's important to consider both the advantages and disadvantages. This can help you make an informed decision on whether a broker like CPT Markets is suitable for your trading needs. In this section, we will provide an overview of the pros and cons of trading with CPT Markets, including aspects such as trading conditions, account types, customer support, and more. By the end of this section, you should have a better understanding of what CPT Markets has to offer and whether it aligns with your trading goals and preferences.

ProsCons
  • Regulated well
  • No proprietary trading platform
  • Popular trading instruments available
  • Basic educational resources
  • Demo accounts
    • Competitive trading conditions
    • Multiple deposit and withdrawal options
    • Negative balance protection and client fund safety
    • Access to popular trading platforms (MT4/5, cTrader)

    Market Instruments

    CPT Markets offers access to five classes of tradable instruments across different markets, including forex, indices, commodities, stocks, and cryptocurrencies. With over 60 currency pairs, major indices such as the S&P 500 and Nasdaq 100, popular commodities like gold, silver, and crude oil, as well as cryptocurrencies like Bitcoin and Ethereum, traders can choose their preferred investment options based on their trading style.

    Tradable Instruments Supported
    Forex
    Indices
    Commodities
    Stocks
    Cryptocurrencies
    Bonds
    Mutual Funds

    Market Instruments

    Account Types

    Three account options are on offer with CPT Markets, namely Classic, ECN and Prime, classified by account-opening deposits.

    For those looking for a more accessible entry point, the Classic account is the most popular choice. It requires a minimal deposit of just $20, making it ideal for beginners or those preferring to start with smaller capital. While it maintains the high leverage of 1:1000, it offers slightly wider spreads of 1.4 pips but without any commission charges.

    The ECN account, with a minimum deposit of $1,000, is tailored for experienced traders seeking tight spreads and direct market access. It offers spreads as low as 0.1 pips and operates on a commission-based model. This account type provides maximum leverage of 1:1000, with a 50% margin call and a 30% stop out level.

    The Prime account strikes a balance between the ECN and Classic offerings. It requires the same $1,000 minimum deposit as the ECN account but provides a commission-free trading environment with spreads from 0.7 pips. This account maintains the same leverage, margin call, and stop out levels as the other account types.

    Account TypeMin DepositMax LeverageSpreadCommission
    ECN$1,0001:1000From 0.1 pips
    Classic$20From 1.4 pips
    Prime$1,000From 0.7 pips

    Account Types

    Aside from the three types of trading accounts above, CPT Markets also offers MAM accounts and Corporate accounts.

    Account Types
    Account Types

    Demo Accounts

    CPT Markets offers demo accounts to its clients, which can be used to practice trading without risking real money. The validity period of the CPT Markets demo account is 30 days, after which the account will expire. It's not possible to extend the demo account's validity period, but clients can open a new demo account once the previous one expires. Each client is allowed to have multiple demo accounts to test different trading strategies or to use them for educational purposes.

    Demo Accounts

    Leverage

    CPT Markets (Belize) offers a maximum leverage of up to 1:1000, which is considered to be high. However, it's worth noting that the actual leverage offered to traders may vary depending on their account equity.

    Leverage

    While CPT Markets (UK) offers trading leverage up to 1:30 in accordance with the regulations set by the Financial Conduct Authority (FCA). One of the regulations set by the FCA is the maximum allowable leverage that can be offered to retail clients, which is currently set at 1:30 for forex trading. This is intended to protect retail clients from incurring large losses due to excessive leverage.

    Spreads & Commissions

    CPT Markets offers variable spreads, which means that the spread can widen or narrow based on market conditions. The broker also charges commissions on some of its account types.

    The spreads on CPT Markets' forex pairs start from 0.0 pips, with an average spread of 0.2 pips on the EUR/USD pair. The broker also offers competitive spreads on other major currency pairs, such as GBP/USD, USD/JPY, and AUD/USD.

    For indices, the spread on the UK 100 index starts from 0.8 points, while the spread on the US 500 index starts from 0.5 points. For commodities, the spread on gold starts from 0.3 pips, while the spread on silver starts from 0.02 pips.

    In terms of commissions, CPT Markets charges $4 per lot for its ECN account, while the Standard and Platinum accounts have no commission charges.

    Non-Trading Fees

    In addition to trading costs, CPT Markets also charges non-trading fees that clients should be aware of. These fees include fees for deposits, withdrawals, account inactivity, and other administrative fees that may apply.

    CPT Markets does not charge fees for deposits and withdrawals, and clients can make unlimited free-of-charge withdrawals per month. However, it should be noted that some payment providers may charge their own fees for transactions, which is beyond the control of the broker.

    Inactivity fees may be charged to clients who have not made any trades or account activity for a period of 90 days or more. The fee for this inactivity is $50 per month, which will be deducted from the client's account balance. However, if there is no available balance in the account, no fee will be charged.

    Other administrative fees that may apply include fees for account closure, wire transfers, and chargebacks. These fees vary depending on the specific circumstances and are listed in the broker's terms and conditions

    Besides, CPT Markets also charge swap fees. Swap fees are charges incurred for holding a position overnight, also known as an overnight financing fee. The amount of the swap fee depends on the instrument being traded and the direction of the position (long or short).

    Trading Platforms

    CPT Markets gives its clients access to three excellent choices of trading platforms, the advanced MT4 and MT5 as well as cTrader.

    MetaTrader 4 (MT4)

    CPT Markets offers the popular MetaTrader 4 (MT4) trading platform, which is available for download on desktop and mobile devices. MT4 is a well-established platform in the industry, offering advanced charting tools, technical analysis indicators, and the ability to execute trades directly from the platform. Additionally, CPT Markets also provides a web-based platform, which can be accessed through a web browser without the need for any downloads. The web platform offers similar features to the desktop platform, including charting tools and order execution.

    MetaTrader 4 (MT4)

    MetaTrader 5 (MT5)

    Besides, CPT Markets also offers the MetaTrader 5 (MT5) trading platform to its clients. With MT5, traders can access a range of order types, including market orders, limit orders, stop orders, and trailing stops. The platform also supports hedging, allowing traders to open multiple positions in the same market in different directions. In addition to the desktop version, CPT Markets also offers a mobile version of the MT5 platform, allowing traders to access the markets from anywhere with an internet connection. The mobile app is available for both iOS and Android devices and offers many of the same features as the desktop version.

    MetaTrader 5 (MT5)

    cTrader

    CPT Markets also offers cTrader, an intuitive and easy-to-use trading platform for new and advanced traders. With cTrader, you can customize your on-the-go trading experience with a variety of order types, technical analysis tools, price alerts, and trade statistics. CPT Markets cTrader is available on PC, desktop and mobile devices.

    cTrader

    Copy Trading

    CPT Markets offers a copy trading feature that allows less experienced traders to replicate the strategies of successful investors. You can choose to be a social trading provider or follower by filling out the following form.

    Copy Trading

    Deposit & Withdrawal

    CPT Markets offers 14 payment methods for its clients, including bank transfer, credit/debit card, and Skrill, Neteller, and other online payment systems. The broker does not charge any fees for deposits, but third-party fees may apply depending on the payment method used. Withdrawals are generally processed within one business day, but it may take up to five business days for funds to appear in the client's account, depending on the withdrawal method.

    Deposit & Withdrawal
    Deposit & Withdrawal

    Clients can make deposits and withdrawals in multiple currencies, including USD, EUR, GBP, AUD, and CAD. However, it's worth noting that there may be some currency conversion fees charged by the payment provider. In terms of minimum deposit requirements, CPT Markets requires a minimum deposit of $500 for all account types, which is higher than the industry standard.

    Customer Support

    CPT Markets offers customer support to clients via various channels. Clients can reach out to the broker's customer service team through phone, email, live chat, and social media platforms such as Facebook and Twitter. The broker also provides a comprehensive FAQ section on its website that covers a wide range of topics related to trading and account management.

    CPT Markets' customer service team is available 24/5 to assist clients with any questions or issues they may have. The broker has a multilingual support team that can assist clients in different languages, including English, Chinese, Spanish, and Arabic.

    Customer Support

    Educational Resources

    In comparison to industry peers such as FP Markets and XM, CPT Markets offers a more limited range of educational resources. The broker's educational offerings are focused primarily on essential tools, including the CPT Academy, an Economic Calendar, and occasional webinars. While these resources provide basic support for traders, the scope and depth of educational content are not as extensive as those offered by some of its competitors in the forex and CFD trading space.

    Educational Resources

    Conclusion

    To provide a summary, CPT Markets shines with its flexible account offerings and competitive trading conditions. Notably, it provides high leverage of up to 1:1000 across all accounts and an ECN account with spreads from just 0.1 pips – impressive features that cater to experienced traders and high-leverage enthusiasts. Interestingly, the broker doesn't neglect beginners, offering a low-deposit Classic account. While its educational resources may be limited, CPT Markets excels in execution quality and cost-efficiency. Indeed, this broker is ideal for self-reliant traders who value top-notch trading conditions over extensive learning materials. In essence, CPT Markets strikes a fine balance, appealing to both seasoned professionals and newcomers seeking accessible yet sophisticated trading environments.

    FAQs

    Is CPT Markets legit?

    CPT Markets operates legally, and it is regulated by FCA in the UK, FSC in Belize, and FSCA in South Africa.

    What account types are available at CPT Markets?

    CPT Markets offers several account types, including Classic, ECN, Prime, MAM and Corporate accounts.

    Is CPT Markets a good broker for beginners?

    Yes, CPT Markets is a good broker for beginners. CPT Markets offers robust platforms for traders, operating under stringent regulatory oversight and providing solid educational resources along with demo accounts. More importantly, it allows small-budget trading from $20 only.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.

    e-global

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    E-Global Review Summary in 10 Points
    Founded 2016
    Registered Country/Region Luxembourg
    Regulation FSC (suspicious clone)
    Market Instruments N/A
    Demo Account N/A
    Leverage N/A
    EUR/USD Spread N/A
    Trading Platforms N/A
    Minimum deposit N/A
    Customer Support Phone, email

    What is E-Global?

    E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.

    E-Global's home page

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros & Cons

    Global offers a wide range of market instruments, providing potential opportunities for investors. The availability of copy trading and mobile trading may be appealing to those seeking convenience and alternative trading options.

    However, there are concerns regarding E-Global's regulatory status, with reports indicating an unregulated and suspicious clone license. Limited information on the website further raise doubts about the credibility and reliability of E-Global as a financial service provider.

    Pros Cons
    • Availability of copy trading and mobile trading • Suspicious clone FSC license
    • Concerns regarding regulatory status and scam reports
    • Limited info on the website

    E-Global Alternative Brokers

      There are many alternative brokers to E-Global depending on the specific needs and preferences of the trader. Some popular options include:

      • Forex Club - offers a comprehensive range of trading instruments and educational resources, making it a suitable choice for both beginner and experienced traders.

      • JFD - provides a transparent and customer-centric trading experience, with access to a wide range of markets and advanced trading platforms.

      • TeleTrade - offers a user-friendly trading environment with competitive spreads and a variety of account types, making it a good option for traders of all levels.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is E-Global Safe or Scam?

    Based on the information provided, E-Global's license from the British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) raises suspicions of being a clone or unauthorized entity. Additionally, the report of a scam and the lack of sufficient information on their website are red flags. Therefore, it is advisable to exercise caution and consider E-Global as potentially unsafe. It is crucial to conduct thorough research and due diligence before engaging with any unregulated or suspicious financial entity to protect your investments and personal information.

    Market Instruments

    E-Global presents itself as a platform that offers real estate and investments on global markets. However, no more specific information is offered.

    Copy trading & Mobile trading

    Global states on their website that they offer copy trading and mobile trading services to their clients. Copy trading typically allows investors to automatically replicate the trades and strategies of experienced traders, enabling them to potentially benefit from their expertise. However, since E-Global does not provide further details about their copy trading service, it is important for potential users to seek more information directly from the company.

    Mobile trading, on the other hand, suggests that E-Global provides a platform or app that allows clients to access and manage their trading accounts using their mobile devices. This can offer convenience and flexibility for traders who prefer to monitor and execute trades on the go.

    Customer Service

    E-Global provides customer service through phone: +352 26 374 964 and email: info@eglobal-group.com, allowing clients to reach out for assistance or inquiries. Additionally, the company address: 53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg listed in Luxembourg provides a physical location for clients to visit or send correspondence if needed.

    Pros Cons
    • Phone & email support • No 24/7 customer support
    • No live chat support
    • No social media support
    • Unclear support hours

    Note: These pros and cons are subjective and may vary depending on the individual's experience with E-Global's customer service.

    User Exposure on WikiFX

    On our website, you can see that a report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    In conclusion, E-Global raises significant concerns regarding its regulatory status, with reports suggesting it operates with an unregulated and suspicious clone license. The limited information available on its website, particularly regarding market instruments and trading platforms, adds to the lack of transparency and raises doubts about the company's credibility. Additionally, the absence of clear details on copy trading and mobile trading further hampers its reputation. It is advisable for traders to exercise caution and explore alternative regulated options in the market.

    Frequently Asked Questions (FAQs)

    Q 1: Is E-Global regulated?
    A 1: No. E-Global British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) license is a suspicious clone.
    Q 2: Is E-Global a good broker for beginners?
    A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of lack of transparency.

    Are the transaction costs and expenses of cpt-markets, e-global lower?

    To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

    To get a comprehensive understanding of how cheap or expensive cpt-markets and e-global are, we first considered common fees for standard accounts. On cpt-markets, the average spread for the EUR/USD currency pair is From 0.9 pips, while on e-global the spread is --.

    Which broker between cpt-markets, e-global is safer?

    To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

    cpt-markets is regulated by FCA,FSC,FSCA. e-global is regulated by FSC.

    Which broker between cpt-markets, e-global provides better trading platform?

    When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

    cpt-markets provides trading platform including STANDARD ACCOUNTS and trading variety including --. e-global provides trading platform including -- and trading variety including --.

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