CPT Markets Review – Is Everything Really Transparent Here?
CPT Markets trading brand is owned by multiple entities on multiple domains. Since 2008 they are successfully operating worldwide. But if you check their reviews you will find very few of those. What’s the main reason behind it you can check in our latest CPT Markets review.
|Company||CPT Markets UK, CPT Markets Limited, CPT Markets PTY LTD|
|Headquarters||UK, South Africa, Belize|
|Website||cptmarkets.com, cn.cptinternational.com, cptmarkets.co.uk|
|Minimum Deposit||100 $ (UK), 0 $ (SA), 500 $ (Belize)|
|Leverage||1:30 / 1:1000|
|Spread||From 1.8 pips|
Is CPT Markets a Legit Broker? Safety and Regulation
To sum it up, yes. This company has entities in the UK, South Africa and Belize. Every country has its own regulatory body. Thus, not every one of them belongs to the Tier 1 group. Not to mention the requirements to get the license from those. But most importantly, the CPT Markets broker has an FCA license. With this in mind, UK traders can enjoy multiple security measures.
On the other hand, there is a Tier 2 FSCA (South Africa) regulator. But also IFSC (Belize). Which have quite poor standards compared to the ones coming from the FCA. For instance, an IFSC license requires initial capital of $2.000 and traders can’t have compensation funds. Whilst with the FCA traders can get a compensation of up to 85.000 GBP.
Now it all comes down to one thing. To determine what regulatory body is responsible for trading activities on your trading account. As long as you are trading with the FCA-backed-up entity, you are good. But if you switch at any point to the IFSC-regulated one, maybe you should rethink that.
Supported Trading Platform at CPT Markets
One of the greatest software solutions in the trading world are coming from the Meta Trader. A vast of charting options and indicators make trading way more enjoyable. Not to mention advanced features like social and copy trading. After all, we can’t forget the algorithmic trading tools and EAs.
All these features are available with CPT Markets broker. More importantly, mobile traders don’t lose any of these functionalities. Which makes it even more favorable among traders. However, the unclarity between trading entities still remains questionable.
Bonuses and Promotions
Bonuses and promotions are generally great solutions to motivate traders. Thus, those are widely banned all across Europe. The main reason is that brokers usually come up with shady policies that prevent traders to withdraw funds.
In fact, the CPT Markets broker seems to be inventing those options soon. But considering their FCA regulation that wouldn’t be a smart move. But also, they have an offshore entity that doesn’t have such strict requirements. That’s why it’s important to determine with what entity you are trading. If the broker is denying to put it in writing, you may as well change the broker.
CPT Markets Account Available
With CPT Markets broker there are only 2 account types. But only in the South African domain. However, the UK domain brings completely different information. And the only reason behind it is the regulatory requirements. Be aware of that.
Anyway, with these offshore entities, traders can open the following account types:
- Classic $0
- Prime $5.000
With the leverage of 1:500, this violates all European regulations. Especially knowing that EU regulators allow a maximum of 1:30. But also, that’s a quite big leap between account types. The only benefit that traders get is a dedicated account manager and lower spreads.
Deposit and Withdrawal Options
Funding methods usually show a more transparent picture of the broker’s activities. In this case, the CPT Markets broker accepts various payment options:
- Credit and Debit cards
- Wire transfers
- E-payments (Skrill, Neteller and more)
- US Tether (Offshore)
According to the company, there are no fees. However, the processing time may vary depending on the method you are using. Mostly it takes up to 24 hours, but wire transfers usually take a bit longer.
How Do CPT Markets Operate?
There is a high chance that it all depends on where you are coming from. In general, there is no joking with the FCA. Companies can easily lose their licenses or pay enormous fees if they violate regulations. But what is questionable here is those offshore entities. Even though they have regulations, FCA regulation is more than enough.
What this broker does behind the scenes remains unknown. But offshore entities are not created without a reason. Therefore, it might be better to rethink your decision to invest here and look at it from a different angle.
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CPT Markets Summary
In general, the broker covers all the positive aspects of the trading world. They have trusted regulations, trusted trading software and transparent conditions. But what is not on the positive side, is that the broker has offshore entities.
Every offshore company is created for a specific reason. Most of the time, not a positive one. But we can’t jump to conclusions. Thus, we can suggest you be aware of it and invest wisely.
FAQs About CPT Markets Broker
Is CPT Markets Regulated Broker?
Yes. The company has multiple regulations. Primarily from the FCA, but also from FSCA and IFSC.
What Is the Minimum Deposit at CPT Markets?
Depending on the entity you are working with minimum deposit varies between 0$ and $500.
What Account Types are Available at CPT Markets?
With an offshore and South African entity, there are two account types: Classic and Prime.