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.

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 Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	Financial Conduct Authority (FCA)	CPT Markets UK Limited	Market Making (MM)	606110	Regulated

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 Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	Financial Services Commission (FSC)	CPT Markets Limited	Retail Forex	000314/126	Offshore Regulated

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

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	Financial Sector Conduct Authority (FSCA)	CPT MARKETS (PTY) LTD	Financial Service	45954	Regulated

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.

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.

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.

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

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

What is Trade245？

Trade245 is a forex and CFD broker that offers trading services in forex, indices, commodities, and stocks. The broker is registered in South Africa. It offers the popular MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms. Trade245 claims to offer competitive spreads, fast execution, and various account types and educational resources for traders. It is said to be authorized and regulated by South Africa Financial Sector Conduct Authority (FSCA), but it seems to be a suspicious clone.

Pros & Cons

Trade245 offers several advantages such as a wide range of trading instruments, multiple account types, and user-friendly trading platforms. However, there are also several drawbacks, such as lack of regulation and transparency. Traders should carefully consider these factors before deciding to trade with Trade245.

Note: It is important to conduct thorough research and due diligence before choosing a broker to trade with. The above table is just a summary of the pros and cons of Trade245 and should not be taken as a recommendation to trade with or against the broker.

Trade245 Alternative Brokers

There are many alternative brokers to Trade245 depending on the specific needs and preferences of the trader. Some popular options include:

• Forex.com - a globally trusted broker that is regulated in multiple jurisdictions and offers a user-friendly platform, competitive pricing, and a range of educational resources.

• FXTM - a popular broker that is regulated in multiple jurisdictions and offers a range of trading instruments, including forex, CFDs, and cryptocurrencies, with competitive pricing and excellent customer support.

• IC Markets - a well-regulated broker that offers a range of trading instruments, including forex, CFDs, and cryptocurrencies, with tight spreads and fast execution.

Is Trade245 Safe？

Trade245 misrepresented its regulatory status by claiming to possess a license from the Financial Sector Conduct Authority (FSCA). However, upon investigation, it was revealed that the regulated entity named on the license, RED PINE CAPITAL (PTY) LTD, had no association with the Trade245 trading brand. Consequently, Trade245 unlawfully appropriated a regulatory license to mislead unsuspecting investors, compromising transparency and eroding trust in the financial markets.

Market Instruments

Tradable financial instruments available on the Trade245 platform include FX pairs, indices, stocks and commodities CFDs and more. Many other brokers could even offer richer instruments, like metals, cryptos, options, etc.

Accounts

Trade245 offered 7 account types targeting different trading preferences and strategies. Their account options included:

Standard Account: This account featured variable spreads starting from 1 pip, with leverage up to 1:500. Bonus funds of 100% were included with this account type, accessed via the MT4 platform.

Swap-Free Account: Similar to the Standard Account, with variable spreads from 1 pip and maximum leverage of 1:500, but without any bonus funds. This account was available on the MT4 platform and facilitated swap-free trading.

Zero Spread Account: As the name suggests, this account offered variable spreads starting from 0 pips, with leverage capped at 1:500. No bonus was included, and it operated on the MT4 platform.

Bonus 245 Account: This account provided variable spreads from 1 pip, with leverage up to 1:500. A substantial bonus of 245% was included with this account type, accessible via the MT4 platform.

Bonus Rescue Account: Designed for risk management, this account featured variable spreads from 1 pip and leverage of 1:500. It included a 100% bonus to protect against potential drawdowns, available on the MT4 platform.

Micro Account: Tailored for smaller trading sizes, this account offered variable spreads starting from 1 pip and leverage up to 1:500. No bonus was included, and it was accessible on both MT4 and MT5 platforms.

Copy Trading Account: This account facilitated copy trading, with variable spreads from 1 pip and maximum leverage of 1:500. No bonus was provided, and it was available on the MT4 platform.

Notably, there is no minimum opening deposit requirement for any of these accounts, providing traders with greater flexibility.

Leverage

All account types offered by Trade245 have a maximum leverage of 1:500. This means that traders can potentially increase their profits or losses by up to 500 times their initial investment. However, it is important to note that high leverage also increases the risk of significant losses. Therefore, it is crucial for traders to use leverage responsibly and manage their risk effectively. Traders should also ensure that they understand the risks and implications of using high leverage before trading with Trade245 or any other broker.

Spreads & Commissions

Trade245 offers variable spreads which start from as low as 1 pip for some account types (except for Zero Spread accounts from 0 pips). The spreads may vary based on the trading instrument, account type, and market conditions. Trade245 does not charge any commission fees for its trades. Instead, it includes its costs within the spread. However, the Zero Spread account type may charge an unspecified commission fee.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: The above data is based on the information available on the respective brokers' websites and is subject to change. Spreads and commissions may vary depending on the account type, trading platform, and market conditions.

Trading Platforms

Trade245 offers its clients the popular and widely used MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms. Both platforms are available for download on desktop, mobile, and tablet devices. These platforms provide a user-friendly interface, advanced charting tools, and a wide range of technical analysis indicators. MT4 and MT5 are well-known for their fast execution speeds, reliable order execution, and a range of trading tools to enhance the trading experience.

Additionally, the platforms support automated trading through expert advisors (EAs) and allow traders to customize their trading strategies using their preferred programming language.

Overall, Trade245 provides a comprehensive trading experience for both novice and experienced traders with the support of two of the most popular trading platforms in the industry.

See the trading platform comparison table below:

Note: The table is based on the information available on the official websites of the brokers, and is subject to change.

Deposits & Withdrawals

Trade245 offers various deposit and withdrawal methods to its clients, including Visa, MasterCard, mPESA, ozow, Skrill and various cryptocurrencies. There is no minimum deposit requirement. There are no deposit fees charged by Trade245.

Withdrawals are said to be processed within hours, and there are no withdrawal fees charged by Trade245. However, clients should be aware that some payment providers may charge fees for their services.

Multiple Trading Currencies

ZAR, USD, GBP

Trade245 minimum deposit vs other brokers

Fees

Trade245 charges fees for several services as follows:

• Overnight Financing Fees: Also known as swap fees, overnight financing fees are charged for holding positions open overnight. The fees are calculated based on the trading instrument being traded and the position size.

• Inactivity Fees: Trade245 charges an inactivity fee of $50 per month for accounts that have been inactive for 3 months or more.

• Deposit & Withdrawal Fees: Trade245 does not charge any fees for deposits and withdrawals. However, third-party fees may apply, depending on the method used.

It's worth noting that the fees charged by Trade245 may vary depending on the type of account opened and the trading platform used. It's important to read the terms and conditions carefully before opening an account with Trade245 to fully understand the fees charged.

See the fee comparison table below:

Customer Service

Trade245 offers 24/5 customer support through various channels including email and phone. Their website also has an FAQ section where clients can find answers to common questions. You can also follow them on some social networks such as Facebook and Instagram.

Education

Trade245 offers some educational resources to its clients, including a glossary of commonly used trading terms and articles on various topics related to trading. These resources are aimed at helping traders of all levels to gain a better understanding of the financial markets and improve their trading skills. Overall, Trade245's educational offerings are a valuable resource for traders who are looking to improve their trading performance and achieve their financial goals.

Conclusion

Overall, Trade245 appears to offer a competitive trading environment with a wide range of trading instruments, multiple account types, and popular trading platforms including MT4 and MT5. However, the fact that their FSCA license is a suspicious clone raises some concerns about the legitimacy of the broker. In addition, there are some negative reviews from users reporting difficulties with withdrawals, which is certainly a red flag. As with any broker, it is important to conduct thorough research and exercise caution before investing any funds.

Frequently Asked Questions (FAQs)

Is Trade245 legit ？

No. It has been verified that their South Africa Financial Sector Conduct Authority - FSCA license is a suspicious clone.

At Trade245, are there any regional restrictions for traders？

Yes. Trade245 does not provide services for the residents of certain countries, such as the United States, Canada, Israel and the Islamic Republic of Iran.

Does Trade245 offer demo accounts？

Yes. Demo accounts are available.

Is Trade245 a good broker for beginners？

No. Trade245 is not a good choice for beginners. Though it offers demo MT4 and MT5 accounts, never forget their FSCA license is a suspicious clone.

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.