Overview of Central Market Invest
Central Market Invest, established in 2023 and based in the United Kingdom, is an online forex and CFD broker that offers a diverse range of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies. The platform emphasizes tailored payment options, robust security measures, and a diverse selection of account types.
While CMI touts various account options with competitive spreads and an advanced trading platform, the absence of regulation is a significant drawback that potential investors should not overlook. Furthermore, the limited educational resources available may leave novice traders without sufficient support to develop their trading skills effectively.
Regulatory Status
Central Market Invest, although incorporated in the United Kingdom, operates without any valid regulatory certificates from recognized financial authorities. This lack of regulatory oversight calls into question regarding the safety of client funds and the overall legitimacy of the broker. Traders should be aware of the inherent risks involved in dealing with an unregulated entity, including potential difficulties in dispute resolution and the absence of investor protection mechanisms.
Pros and Cons
One of Central Markets Invest's standout features is the wide range of trading instruments available, including digital currencies, forex, indices, shares, and commodities. Additionally, CMI offers multiple account types tailored to different experience levels and investment goals. Competitive spreads starting from 0.05 pips, especially for higher-tier accounts, can significantly reduce trading costs for active traders. The platform itself is advanced, offering a robust trading environment equipped with sophisticated tools for technical analysis and various integration capabilities. Moreover, CMI provides 24/5 customer support via email and live chat.
However, the lack of regulatory oversight is a major concern, as it calls into question about the safety of client funds and the broker's adherence to ethical practices. This unregulated status can be a significant red flag for potential investors. Additionally, CMI's educational resources are quite limited, offering only a basic glossary and trading news, which may not suffice for novice traders who need more comprehensive learning tools. Another significant disadvantage is the absence of a demo account.
Market Instruments
Central Market Invest provides a various market instruments, including forex, commodities, indices, shares and digital currencies.
Digital Currencies: CMI offers trading in popular digital currencies such as Bitcoin, Ethereum, Litecoin, Dash, Dogecoin, Neo, Quantum (QTUM), and Ripple (XRP), providing exposure to the volatile cryptocurrency market.
Forex: The platform facilitates trading in over 150 currency pairs, allowing traders to participate in the global foreign exchange market and capitalize on currency fluctuations.
Indices: Traders can access major global indices like JP225, UK100, US30, US500, and others, enabling them to diversify their portfolios and speculate on the performance of various stock markets.
Shares: CMI offers trading in a selection of highly-rated shares from renowned companies like Amazon, Apple, Barclays, and others, allowing investors to participate in the equity market.
Commodities: The platform provides access to commodity trading, enabling traders to speculate on the prices of resources like gold, silver, and oil.
Account Types
CMI offers five distinct account types tailored to different trader needs:
Basic: Minimum deposit of 250 €, spreads from 0.18 pips, leverage of 1:100, and a 20% welcome bonus.
Silver: Minimum deposit of 5,000 €, spreads from 0.13 pips, leverage of 1:400, and a 30% welcome bonus.
Gold: Minimum deposit of 25,000 €, spreads from 0.10 pips, leverage of 1:600, a 35% welcome bonus, and automated trading.
Diamond: Minimum deposit of 50,000 €, spreads from 0.05 pips, leverage of 1:600, a 50% welcome bonus, crypto OTC, trading education, and access to webinars.
VIP: Minimum deposit of 100,000 €, spreads from 0.05 pips, leverage of 1:1000, a 100% welcome bonus, and all the features of the Diamond account.
Except for the Basic and Silver Account, all account types offer automated trading services. Crypto OTC, Trading education and access to Webinars are provided for Diamond and VIP Account. In terms of account offerings, the Basic Account provides a 20% deposit bonus, the Diamond Account a 50% deposit bonus, and the VIP Account a notable 100% deposit bonus.
Account Opening Process
Opening an account with Central Market Invest is a straightforward process that can be completed in a few simple steps:
Visit the CMI Website: Go to the Central Market Invest website and click on the “Sign Up” button.
Fill Out the Registration Form: Provide personal details such as name, email, phone number, and country of residence.
Choose Account Type: Select the desired account type based on your investment needs and preferences.
Make Deposit Funds: Once your account is verified, you can proceed to fund your trading account. CMI supports various payment methods, including wire transfers, e-wallets, Maestro, VISA, and bank transfers.
Start Trading: With your account funded, you can now access the trading platform provided by CMI and start trading. The platform may include features like real-time market data, advanced charting tools, and various order types to execute trades effectively.
Leverage
CMI offers varying leverage options based on the chosen account type. The Basic account has a leverage of 1:100, while Silver and Gold accounts offer 1:400 and 1:500, respectively. The VIP account provides the highest leverage of 1:1000, which can be adjusted based on trading volume.
Trading Fees
Central Market Invest operates on a spread-based pricing model, with no commission fees for any account type. The spreads vary depending on the account type, with the VIP and Diamond accounts offering the tightest spreads from 0.05 pips.
Trading Platform
CMI offers its proprietary trading platform, Central Markets Invest. The platform is known for its comprehensive features, flexibility, and security. Traders can integrate additional technical indicators and benefit from extensive customization options. The platform is considered suitable for experienced traders due to its advanced features and focus on technical analysis.
Deposit and Withdrawal
CMI supports various deposit and withdrawal methods, including wire transfers, e-wallets, Maestro, VISA, and bank transfers. All methods have instant processing times, although fees may vary depending on the client's bank. The broker does not specify minimum deposit or withdrawal amounts on its website.
Deposit and Withdrawal
For any inquiries regarding customer support, trading hours, funding accounts, or opening new accounts, Central Market Invest provides various contact options to assist clients with different needs:
24/5 Email Support: CMI offers round-the-clock customer support via email at support@centralmarketsinvest.com. Traders can expect prompt and professional assistance for any queries or issues.
Live Chat: The broker also provides a live chat feature on its website, enabling real-time communication with customer support representatives.
Educational Resources
Central Market Invest offers glossary and news to help traders improve their knowledge and skills:
Glossary: CMI provides a glossary of trading terms to help traders familiarize themselves with the basic terminology and concepts of financial markets.
Trading News: The platform features a section dedicated to trading news, keeping traders updated on the latest market developments and events.
However, more comprehensive educational materials, such as videos, FAQ, webinars, or popular trading tools, are not available.
Conclusion
Central Market Invest offers a wide array of trading instruments, multiple account options, and an advanced trading platform. However, the lack of regulatory oversight, limited educational resources, and the absence of a demo account are significant drawbacks. Despite its appeal to experienced traders with its diverse markets and competitive spreads, the lack of regulatory oversight presents significant risks that potential clients should carefully consider before investing with Central Market Invest.
FAQs
Q: Is Central Market Invest a regulated broker？
A: No, Central Market Invest is not regulated by any recognized financial authority.
Q: Which trading platforms does Central Market Invest offer？
A: Central Market Invest offers its proprietary trading platform, Central Markets Invest.
Q: What is the minimum deposit required to open an account with Central Market Invest？
A: The minimum deposit varies depending on the chosen account type, starting from 250 € for the Basic account.
Q: Does Central Market Invest offer a demo account for practice trading？
A: No, Central Market Invest does not currently offer a demo account option for traders to practice or test the platform before opening a live account.
