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/10

Ciscotrades

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://ciscotrades.com/

Website

Rating Index

Contact

442038088563
support@ciscotrades.com
https://ciscotrades.com/
48 Warwick St, Soho, London W1B 5AW

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

442038088563

Broker Information

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Company Name

Ciscotrades

Company Abbreviation

Ciscotrades

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Ciscotrades · Company Summary

General Information & Regulation

CiscoTrades is s forex brokerage whose website isnt very informative. Many important details regarding the trading conditions and the company behind the operation appear to be missing. CiscoTrades operates without any license and its parent company was blacklisted by the financial authorities in Spain.

Markets Instruments

CiscoTrades advertises that it offers forex currency pairs, commodities, indices, stocks.

Minimum Deposit

CiscoTrades offers 3 different account types to its clients – Silver, Gold and VIP. The information about the accounts doesnt say, however, what the minimum initial deposit for each account is. However, when you open a trading account and click on the deposit button, the minimum amount for a deposit that shows is $100. The minimum withdrawal amount is the same – $100.

Leverage

CiscoTrades provides leverage of up to 1:200, and this would be enough for most traders. Although this is not generous, traders should take care to use it as leverage can double returns as well as potential risks.

Spreads & Commissions

From the bid/ask price for this currency pair, we can calculate that the spread is 4.2 pips. We must say that such spread will be to a great disadvantage to the traders as they wont be able to achieve sustainable profit in the long run.

Inactivity Fee

Accounts that stay inactive for 6 months will be considered dormant and a fee of $25 will be charged for every month.

Trading Platform Available

CiscoTrades appears to use some web-based trading interface instead of the beloved Metatrader 4 platform. It has become an industry-standard due to its sophisticated, yet simple-to-use features and the EAs used for automated trading.

Deposit& Withdrawal

The payment methods, as per the information on the website, include VISA, MasterCard, electronic wallets or wire transfer. There are no deposit or withdrawal fees. The typical withdrawal processing time is given to be up to 5 business days.

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