CPT Markets Review
💲 Min Deposit $500
⌛ Year Established 2008
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website www.cptmarkets.co.uk
🌎 Country
⚖ Max Leverage 1:500
💰 Bonuses
📁 Segregated accounts
CPT Markets is a well-established broker since 2008. CPT Markets has headquarters in United Kingdom and Belize. CPT Markets to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by FCA 606110 and Belize Financial Service Commission (FSC) IFSC/60/430/18(33)h.
Extensive Review
Citypoint Trading is an online trading provider for CFDs and various financial instruments in the international OTC and derivatives markets. The company is registered as Citypoint Trading Limited (CTL) in England and Wales under registration no. 6707165, and is regulated by the Financial Conduct Authority under reference number 606110. Citypoint Trading is widely known as CPT Markets UK, for the official site has been changed from www.citypointtrading.com to www.cptmarkets.co.uk.
To traders outside the UK, Citypoint Trading affiliates with CPT Markets Limited, a company with an official label as CPT Markets and is registered in Belize with license by the International Financial Services Commission of Belize.
As a financial service company, Citypoint Trading is founded in 2008. As of 2019, the company proudly presents its Board of Directors as an amazing team with international recognition comprised of Nick Lewis, Costa Xitas, and Samir Shah. Trading in this broker allows traders to enjoy a classified service for individual and institutional traders, with tailored solutions for each type of trader supported by personal service in the form of dedicated account managers.
Based on their experience, individual traders were offered two different types of accounts: Retail Account and Professional Account. Both have contrasting leverage ranges, as Retail Account traders can use leverage up to 1:30 while Professional Account traders are allowed to make benefit of leverage as high as 1:200.
Although Professional Account holds more flexible leverage, their trading features are more limited. While Retail Account is equipped with all advantages that expand from Negative Balance Protection to Access to FOS, Professional Account is not eligible for FOS, Negative Balance Protection, and Client Money Protection.
Unfortunately, Citypoint Trading does not provide their spread and other Contract Specification info in great detail. The broker somewhat aims for simplicity in their concept of information sharing, as displayed by their Market Research section. Traders who open accounts in CPT Markets would find no further explanation on payment methods either since the broker prefers to invite traders to register first before providing the much-needed knowledge that other brokers usually provide transparently to every visitor in their official site.
As for the trading platform, Citypoint Trading chooses to stick with MetaTrader 4, the rather old version of Metaquotes' platform. It is seen as the broker's commitment to ease traders' understanding in their platform environment, for MetaTrader 4 has been widely recognized by most traders worldwide in recent years.
In conclusion, Citypoint Trading may be a considerable choice for an FCA-regulated broker aiming to provide trading services tailored for each client. However, it is quite important to take into consideration that exploring basic information such as spreads and payment methods is hindered by the company's minimalist approach in promoting their service. This may be a good choice for traders who prefer simplicity in trading, but it does not provide the necessary detail for others who need thorough information before registering under a certain broker.
Account Information
Apart from the forex demo account, this broker offers CPT Markets UK and CPT Markets. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by CPT Markets is up to 1: 500. Meanwhile, you can open an account with a starting capital of $500.
Min Deposit
$500
Max Leverage
1:500
Spread
Fixed
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $500
💡 Min Position 0.1 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, CPT Markets also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Futures, Indexes, Soft commodities, Metals and Energies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for CPT Markets UK account, CPT Markets specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:20
Futures
1:20
Indexes
1:20
Metals
1:20
Energies
1:20
💲 Min Deposit $500
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, CPT Markets also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes and Energies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for CPT Markets account, CPT Markets specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:500
Indexes
1:500
Energies
1:500
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
CPT Markets also provides payment with Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, CPT Markets offers you VertexFX (Limited with 30 days).
Customer Support
Do you have any question or find any trouble related to CPT Markets? If you do, you should reach CPT Markets's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About CPT Markets
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if CPT Markets is a good broker for you or not by reviewing the criteria. In general, CPT Markets provides trading service in Forex , Gold & silver , CFD , Oil , Futures , Indexes , Soft commodities , Metals and Energies . As for the payment methods, you can choose between Wire transfer and Credit/debit cards. The customer support is available via Email, Web form, Phone, Live chat and Office.
The starting capital in CPT Markets is $$500.
CPT Markets is regulated by FCA 606110 and Belize Financial Service Commission (FSC) IFSC/60/430/18(33)h. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
CPT Markets is a brokerage company offering trading services for clients since 2008 with offices in United Kingdom and Belize.
