CPT Markets Review – Is Cpt Markets’ Licensing Enough for Traders’ Protection?
Cpt Markets broker is owned by Cpt Markets Limited from Belize. Moreover, there is Cpt Markets PTY in South Africa and Cpt Markets UK Limited in the UK. They provide FX and CFD trading services since 2008.
What do these entities have in common and should you trust them, find in this Cpt Markets review.
In addition, we recommend reading our reviews about brokers VT Markets, AdroFX and Seven Capitals.
| Broker status: | Regulated Broker |
| Regulated by: | FCA, FSCA, IFSC |
| Websites: | cptmarkets.com za.cptmarkets.com cptmarkets.co.uk |
| Regulators’ Complaints: | N/A |
| Owned by: | CPT Markets Limited |
| Headquarters Country: | Belize / UK |
| Foundation year: | 2008 |
| Supported Platforms: | MT4 / MT5 |
| Minimum Deposit: | $100 |
| Cryptocurrencies: | Yes – BTC, ETH, XRM |
| Types of Assets: | Forex, Cryptos, Commodities, Indices, Shares |
| Maximum Leverage: | 1:1000/1:30 |
| Free Demo Account: | Yes |
| Accepts US clients: | No |
Is Cpt Markets a Regulated and Licensed Broker?
Cpt Markets broker has all the necessary licensing indeed. But not all of them provide necessary protection for traders. Therefore, before investing any money, you have to establish which entity is responsible for your trading account.
It’s not rare that traders believe they are with Top Tier regulated entity. But once they face potential issues they realize that was not the case.
Cpt Markets broker is the owner of IFSC, FSCA and FCA licenses. However, other Tier 1 licenses like ASIC and BaFin are missing here. Instead of getting another trusted Tier 1 license, they opted for an offshore one. And we all know what offshore companies are all about.
Cpt Markets Trading Software – Is MetaTrader 4 Available?
Cpt Markets trading company did its due diligence. They do their best to provide the most trusted platforms. Therefore, it’s not surprising that we see Meta Trader 4 and Meta Trader 5. They both provide a wide range of trading tools. From advanced EAs, social and copy trading, to algorithmic trading. Moreover, they claim to get access od cTrader soon. Which is MT’s biggest competitor.
Both MT4 and MT5 are available for Android and iOS devices. In general, that makes them more favorable. Traders don’t lose any functionalities but gain an advantage over other traders.
Generally speaking, a trusted trading platform doesn’t make a broker trusted as well. If we are going to trust Cpt Markets reviews, some traders experienced withdrawal issues. If that happens with a such regulated broker, we can’t trust anyone now.
Cpt Markets’s Trading Assets and Instruments
Besides all potential issues, they have quite solid instruments range available. Whether you are looking for risky options or safe ones, you can find something suitable. They offer 5 major classes:
- Forex EUR/SEK, USD/GBP, AUD/USD
- Commodities brent oil, gold, natural gas
- Indices S&P 500, AU200, BE20
- Shares American Express, Master Card, General Motors
- Cryptocurrencies BTC, XRP, USDT
Cpt Markets Countries Of Service
Since this broker has various entities they can operate worldwide. Important to realize is that for some countries they should have special jurisdictions. Based on Cpt Markets reviews we can recognize a pattern. They are mainly targeting countries like:
- Malaysia
- Kazakhstan
- United Kingdom
- United Arab Emirates
- India
Types of Accounts Available With Cpt Markets
There are only two Account types available with this broker. Clients can choose from:
- Classi $0 minimum deposit
- Prime $5.000 minimum deposit
The main difference comes from the dedicated account manager and spread. For Prime, account traders can only get a 50% better spread. But with the leverage of 1:500 that both accounts offer, you can wipe off your account balance in a second.
Can a Trader Use a Demo Account?
On the positive side, traders can opt first for a demo account. It’s always a good choice to test the trading conditions. Not to complain in the end for being bamboozled. But based on some Cpt Markets reviews, you should still stay very cautious with this broker.
Terms of Service for Cpt Markets
If the broker is doing everything by the book, they would offer services to US clients. But Cpt Markets broker doesn’t offer. Most probably to the strictest regulations in the world.
As for funding methods, this broker accepts the following:
- Wire/Bank transfers
- Debit/credit cards
- Skrill
- Neteller
Leverage, Spreads and Fees
Important to realize is that leverage with a South African entity depends on the amount of money deposited. It’s quite a cheesy option.
Spreads for major forex pairs start at 1.3 pips, which is around an industry average. Still not favorable with such high leverage. The broker claims to charge overnight swap fees, but without the exact amounts revealed. Which is suspicious at best.
What To Do If I Have A Problem With CPT Markets Broker?
Depending on the entity you are working with you have certain protection. That’s where the potential danger is with such a broker like Cpt Markets.
Firstly, let us hear about your experience. That way other traders might see the bigger picture as well. Secondly, you can reach out to their official regulator for a solution. Of course, if you know which one is responsible for their activities.
Lastly, but most importantly you can look for advice from professionals. Our expert fund recovery team can advise you on every step. Especially through the fund recovery process. Considering the reviews from other traders, that is the main potential problem. Don’t wait any longer and get in touch now!
What Is the Chargeback Procedure?
You shouldn’t worry much if you are making a debit/credit card purchase. Anytime you think that it was not a genuine transaction, you can get a chargeback. For trading companies that is a nightmare.
Don’t let anyone get away with your money. Get in touch with our fund recovery team for a free consultation today!
What Are Cpt Markets?
Cpt Markets is a broker that operates in three countries. UK, Belize and South Africa.
Is Cpt Markets a Regulated Broker?
Even though all entities are regulated, those are different levels of regulation.
Is Cpt Markets Available in the United States or the UK?
The broker only provides services to UK clients but not US ones.
Does Cpt Markets Offer a Demo Account?
Yes. Before risking any money, traders can request access to a demo account first.