Conotoxia Review - What to expect from the broker
Conotoxia is a Forex and CFD Broker founded in 2016 that features on its trading platform CFDs on forex, commodities, indices. Conotoxia is regulated and overseen in Cyprus by the CySEC. Real trading is possible with a minimum deposit of $100. The Conotoxia website is available in English and in Polish (cinkciarz.pl).
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.Conotoxia.com
- Leverage: up to 1:30
- Instruments: CFDs - Forex (50), commodities (7), indices (13)
- Minimum deposit: $100 (accounts held in EUR, USD, GBP, PLN)
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Wire Transfer, Credit and debit cards (funding fee of 0.75% applies on card payments)
Conotoxia Trading Platform
For FX and CFD trading, Conotoxia features a platform called cTrader. This trading platform can be downloaded to any computer or can be accessed via just a web browser or a mobile application. cTrader offers advanced charting and technical analysis system with fast entry and execution, asynchronous order processing, level two pricing and a full range of advanced order types.
Conotoxia regulationConotoxia Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 336/17.
The CySEC regulation gives Conotoxia the right to provide cross-border services to other members of the European Economic Area.
To sum up the Conotoxia Review
Conotoxia adheres to strict regulatory guidelines of the CySEC (license number 336/17). The broker does not disclose on its website current spreads so we were unable to scan them and compare them with the competition. We are, however, aware that apart from the spread fee, there is a fixed commission fee of $40 per $1 million traded on FX instruments. The company does not offer CFDs on stocks nor cryptocurrencies.
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