WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Cosmo-Traders

China|Within 1 year|
High potential risk|

https://cosmo-traders.com/

Website

Rating Index

Contact

https://cosmo-traders.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ES CNMV
2024-06-03

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Cosmo-Traders · WikiFX Survey

Users who viewed Cosmo-Traders also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

Decode Global

8.64
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

Cosmo-Traders · Company Summary

Note: Cosmo-Traders' official website: https://cosmo-traders.com/ is currently inaccessible normally.

Cosmo-Traders Review Summary
Founded2024
Registered Country/RegionChina
RegulationUnregulated
Market InstrumentsForex currency pairs, indices, commodities, precious metals, stocks, and cryptocurrencies
Demo Account/
LeverageUp to 1:400
EUR/ USD SpreadFrom 0.5 pips
Trading PlatformsA web-based terminal
Minimum Deposit$5,000
Customer Support/

Cosmo-Traders is a newly-established company who offers forex trading through its web-based trading platform. It offers flexible leverages. However, it might be a scam because of too high minimum deposit requirement, unregulated status and inaccessible website.

Cosmo-Traders

Pros and Cons

ProsCons
Flexible leverage ratiosNewly established
Unregulated
Inaccessible website
High minimum deposit requirement
No reliable trading software

Is Cosmo-Traders Legit?

Upon examining the background of this self-identified fraudulent provider, several warning signs quickly became apparent. A regulatory alert from the Financial Conduct Authority (FCA) dated November 27, 2023, raises significant concerns about Cosmotraders. Similar to the situation with FBK Markets, it was revealed that Cosmotraders does not possess the required licensing to provide Forex trading services, posing a potential risk to all funds deposited with the platform. Whats more, its official website is not available.

What Can I Trade on Cosmo-Traders?

Cosmo-Traders provides forex currency pairs, indices, commodities, precious metals, stocks, and cryptocurrencies.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Precious Metals
Stocks
Bonds
Mutual Funds

Account Type

Cosmo-Traders offers the Presidential, Executive, Platinum, Premium and Green accounts with the minimum deposit of $250,000, $100,000, $50,000, $15,000 and $5,000 respectively. These amounts are very high. Traders should be cautious to trade on this broker.

Leverage

Cosmo-Traders offers varying leverage. The Presidential account offers the highest leverage at 1:400. Next, the Executive account provides a leverage of 1:300. Both the Platinum and Premium accounts share the same leverage of 1:200. Lastly, the Green account also offers a leverage of 1:200.

Account TypeMaximum Leverage
Presidential1:400
Executive1:300
Platinum1:200
Premium1:200
Green1:200

Cosmo-Traders Fees

The spread for the Presidential account ranges from 0.5 pips to 1 pip. For the Executive account, the spread varies between 1 pip and 1.5 pips. Meanwhile, the Platinum account offers spreads from 1.5 pips to 2 pips, whereas the Premium account has spreads from 2 pips to 2.5 pips. Lastly, the Green account features spreads that range from 2.5 pips to 3 pips.

Account TypeSpread Range (pips)
Presidential0.5 - 1
Executive1 - 1.5
Platinum1.5 - 2
Premium2 - 2.5
Green2.5 - 3

Trading Platform

Cosmo-Traders offers a web-based terminal to trade their trading instruments. However, this platform falls short in terms of functionality and reliability compared to industry-standard platforms.

Web based

Deposit and Withdrawal

Cosmo-Traders supports e-wallets like Neteller, Skrill, FasaPay, and PayPal, as well as wire transfers and credit/debit card payments. Withdrawal requests at Cosmo Traders are reportedly processed within 5–10 business days to make a withdrawal.

The Bottom Line

In conclusion, Cosmo-Traders exhibits several warning signs that prospective clients should thoroughly evaluate them. First, there is no regulation to oversight them. Second, their trading conditions are dangerous. Although Cosmo-Traders provides a variety of payment options and flexible leverages, these benefits are overshadowed by a lack of transparency, high minimum deposits, the absence of demo accounts, and doubts about the safety and security of funds.

FAQs

Is Cosmo-Traders a good for beginners?

No. Beginners should look for regulated and more reliable brokers.

Is Cosmo-Traders good for day trading?

No.

What security measures does Cosmo-Traders have in place to protect my funds and personal information?

No.

Broker Information

Company Name

Cosmo-Traders

Abbreviation

Cosmo-Traders

Regulatory Status

No Regulation

Platform registered country and region

China

Company website
Phone of the company

--

X

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address

--

Company Summary

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com