Broker Information
Cosmo-Traders
Cosmo-Traders
No Regulation
Platform registered country and region
China
--
--
--
--
--
--
--
--
--
--
--
Company Summary
https://cosmo-traders.com/
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Danger
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | $250,000 |
Minimum Spread | 0.5 – 1 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:300 |
Minimum Deposit | $100,000 |
Minimum Spread | 1 – 1.5 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:200 |
Minimum Deposit | $50,000 |
Minimum Spread | 1.5 – 2 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:200 |
Minimum Deposit | $15,000 |
Minimum Spread | 2 – 2.5 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:200 |
Minimum Deposit | $5,000 |
Minimum Spread | 2.5 – 3 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | -- |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Capital
$(USD)
Note: Cosmo-Traders' official website: https://cosmo-traders.com/ is currently inaccessible normally.
Cosmo-Traders Review Summary | |
Founded | 2024 |
Registered Country/Region | China |
Regulation | Unregulated |
Market Instruments | Forex currency pairs, indices, commodities, precious metals, stocks, and cryptocurrencies |
Demo Account | / |
Leverage | Up to 1:400 |
EUR/ USD Spread | From 0.5 pips |
Trading Platforms | A 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.
Pros | Cons |
Flexible leverage ratios | Newly established |
Unregulated | |
Inaccessible website | |
High minimum deposit requirement | |
No reliable trading software |
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.
Cosmo-Traders provides forex currency pairs, indices, commodities, precious metals, stocks, and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptocurrencies | ✔ |
Precious Metals | ✔ |
Stocks | ✔ |
Bonds | ❌ |
Mutual Funds | ❌ |
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.
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 Type | Maximum Leverage |
Presidential | 1:400 |
Executive | 1:300 |
Platinum | 1:200 |
Premium | 1:200 |
Green | 1:200 |
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 Type | Spread Range (pips) |
Presidential | 0.5 - 1 |
Executive | 1 - 1.5 |
Platinum | 1.5 - 2 |
Premium | 2 - 2.5 |
Green | 2.5 - 3 |
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.
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.
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.
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.
Cosmo-Traders
Cosmo-Traders
No Regulation
Platform registered country and region
China
--
--
--
--
--
--
--
--
--
--
--
Company Summary
No comment yet
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now