CPT Markets Basic Information

Founded in 2016, CPT Markets is a global financial brokerage firm that offers trading on Forex, Metals, Energy, Indices, Cryptocurrencies through MT4, MT5 or cTrader. However, CPT Markets does not offer its services to residents of the United States, Canada, and some other jurisdictions.

Is CPT Markets legit?

CPT Markets is a legit broker and it has three entities regulated in their own jurisdictions:

CPT Markets UK is the trading name used by CPT Markets UK Limited. The company's registered office is located in Wales, England, with registration number 6707165, authorized and managed by the UK Financial Conduct Authority (FCA), number 606110. CPT Markets UK Limited is an associated company of CPT Markets Limited.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	Financial Conduct Authority (FCA)	CPT Markets UK Limited	Market Making (MM)	606110	Regulated

CPT Markets is the trading name used by CPT Markets Limited, registered in Belize, offshore regulated by the Belize International Financial Services Commission (FSC), license number: No. IFSC000314/351.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	Financial Services Commission (FSC)	CPT Markets Limited	Retail Forex	000314/126	Offshore Regulated

Another entity, CPT MARKETS (PTY) LTD, is regulated in South Africa, authorized by the Financial Sector Conduct Authority (FSCA) under license no. 45954.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	Financial Sector Conduct Authority (FSCA)	CPT MARKETS (PTY) LTD	Financial Service	45954	Regulated

Pros & Cons

Market Instruments

CPT Markets offers access to five classes of tradable instruments across different markets, including forex, indices, commodities, stocks, and cryptocurrencies. With over 60 currency pairs, major indices such as the S&P 500 and Nasdaq 100, popular commodities like gold, silver, and crude oil, as well as cryptocurrencies like Bitcoin and Ethereum, traders can choose their preferred investment options based on their trading style.

Account Types

Three account options are on offer with CPT Markets, namely Classic, ECN and Prime, classified by account-opening deposits.

For those looking for a more accessible entry point, the Classic account is the most popular choice. It requires a minimal deposit of just $20, making it ideal for beginners or those preferring to start with smaller capital. While it maintains the high leverage of 1:1000, it offers slightly wider spreads of 1.4 pips but without any commission charges.

The ECN account, with a minimum deposit of $1,000, is tailored for experienced traders seeking tight spreads and direct market access. It offers spreads as low as 0.1 pips and operates on a commission-based model. This account type provides maximum leverage of 1:1000, with a 50% margin call and a 30% stop out level.

The Prime account strikes a balance between the ECN and Classic offerings. It requires the same $1,000 minimum deposit as the ECN account but provides a commission-free trading environment with spreads from 0.7 pips. This account maintains the same leverage, margin call, and stop out levels as the other account types.

Aside from the three types of trading accounts above, CPT Markets also offers MAM accounts and Corporate accounts.

Demo Accounts

CPT Markets offers demo accounts to its clients, which can be used to practice trading without risking real money. The validity period of the CPT Markets demo account is 30 days, after which the account will expire. It's not possible to extend the demo account's validity period, but clients can open a new demo account once the previous one expires. Each client is allowed to have multiple demo accounts to test different trading strategies or to use them for educational purposes.

Leverage

CPT Markets (Belize) offers a maximum leverage of up to 1:1000, which is considered to be high.

While CPT Markets (UK) offers trading leverage up to 1:30 in accordance with the regulations set by the Financial Conduct Authority (FCA). One of the regulations set by the FCA is the maximum allowable leverage that can be offered to retail clients, which is currently set at 1:30 for forex trading. This is intended to protect retail clients from incurring large losses due to excessive leverage.

Spreads & Commissions

CPT Markets offers variable spreads, which means that the spread can widen or narrow based on market conditions. The broker also charges commissions on some of its account types.

The spreads on CPT Markets' forex pairs start from 0.0 pips, with an average spread of 0.2 pips on the EUR/USD pair. The broker also offers competitive spreads on other major currency pairs, such as GBP/USD, USD/JPY, and AUD/USD.

For indices, the spread on the UK 100 index starts from 0.8 points, while the spread on the US 500 index starts from 0.5 points. For commodities, the spread on gold starts from 0.3 pips, while the spread on silver starts from 0.02 pips.

In terms of commissions, CPT Markets charges $4 per lot for its ECN account, while the Standard and Platinum accounts have no commission charges.

Non-Trading Fees

In addition to trading costs, CPT Markets also charges non-trading fees that clients should be aware of. These fees include fees for deposits, withdrawals, account inactivity, and other administrative fees that may apply.

CPT Markets does not charge fees for deposits and withdrawals, and clients can make unlimited free-of-charge withdrawals per month. However, it should be noted that some payment providers may charge their own fees for transactions, which is beyond the control of the broker.

Inactivity fees may be charged to clients who have not made any trades or account activity for a period of 90 days or more. The fee for this inactivity is $50 per month, which will be deducted from the client's account balance. However, if there is no available balance in the account, no fee will be charged.

Other administrative fees that may apply include fees for account closure, wire transfers, and chargebacks. These fees vary depending on the specific circumstances and are listed in the broker's terms and conditions

Besides, CPT Markets also charge swap fees. Swap fees are charges incurred for holding a position overnight, also known as an overnight financing fee. The amount of the swap fee depends on the instrument being traded and the direction of the position (long or short).

Trading Platforms

CPT Markets gives its clients access to three excellent choices of trading platforms, the advanced MT4 and MT5 as well as cTrader.

MetaTrader 4 (MT4)

CPT Markets offers the popular MetaTrader 4 (MT4) trading platform, which is available for download on desktop and mobile devices. MT4 is a well-established platform in the industry, offering advanced charting tools, technical analysis indicators, and the ability to execute trades directly from the platform. Additionally, CPT Markets also provides a web-based platform, which can be accessed through a web browser without the need for any downloads. The web platform offers similar features to the desktop platform, including charting tools and order execution.

MetaTrader 5 (MT5)

Besides, CPT Markets also offers the MetaTrader 5 (MT5) trading platform to its clients. With MT5, traders can access a range of order types, including market orders, limit orders, stop orders, and trailing stops. The platform also supports hedging, allowing traders to open multiple positions in the same market in different directions. In addition to the desktop version, CPT Markets also offers a mobile version of the MT5 platform, allowing traders to access the markets from anywhere with an internet connection. The mobile app is available for both iOS and Android devices and offers many of the same features as the desktop version.

cTrader

CPT Markets also offers cTrader, an intuitive and easy-to-use trading platform for new and advanced traders. With cTrader, you can customize your on-the-go trading experience with a variety of order types, technical analysis tools, price alerts, and trade statistics. CPT Markets cTrader is available on PC, desktop and mobile devices.

Copy Trading

CPT Markets offers a copy trading feature that allows less experienced traders to replicate the strategies of successful investors. You can choose to be a social trading provider or follower by filling out the following form.

Deposit & Withdrawal

CPT Markets offers 14 payment methods for its clients, including bank transfer, credit/debit card, and Skrill, Neteller, and other online payment systems. The broker does not charge any fees for deposits, but third-party fees may apply depending on the payment method used. Withdrawals are generally processed within one business day, but it may take up to five business days for funds to appear in the client's account, depending on the withdrawal method.

Clients can make deposits and withdrawals in multiple currencies, including USD, EUR, GBP, AUD, and CAD. However, it's worth noting that there may be some currency conversion fees charged by the payment provider. In terms of minimum deposit requirements, CPT Markets requires a minimum deposit of $500 for all account types, which is higher than the industry standard.

Customer Support

Clients can reach out to the broker's customer service team through phone, email, live chat, and social media platforms such as Facebook and Twitter. CPT Markets' customer service team is available 24/5 to assist clients with any questions or issues they may have.

The broker has a multilingual support team that can assist clients in different languages, including English, Chinese, Spanish, and Arabic.

Educational Resources

In comparison to industry peers such as FP Markets and XM, CPT Markets offers a more limited range of educational resources. The broker's educational offerings are focused primarily on essential tools, including the CPT Academy, an Economic Calendar, and occasional webinars. While these resources provide basic support for traders, the scope and depth of educational content are not as extensive as those offered by some of its competitors in the forex and CFD trading space.

FAQs

Is CPT Markets legit?

CPT Markets operates legally, and it is regulated by FCA in the UK, FSC in Belize, and FSCA in South Africa.

What account types are available at CPT Markets?

CPT Markets offers several account types, including Classic, ECN, Prime, MAM and Corporate accounts.

Is CPT Markets a good broker for beginners?

Yes, CPT Markets is a good broker for beginners. CPT Markets offers robust platforms for traders, operating under stringent regulatory oversight and providing solid educational resources along with demo accounts. More importantly, it allows small-budget trading from $20 only.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital.

Overview of SBI FXTRADE

SBI FXTRADE is a Forex broker and a part of the SBI Group, a leading online financial services company in Japan. Its service allows users to engage in foreign exchange (FX) margin trading. The platform offers real-time market information and various analysis tools, which can assist both novices and experienced traders in their decision-making process.

The SBI FXTRADE platform boasts of features such as narrow spreads and 24-hour trading. It also offers a demo account option for practice. Additionally, there is a user-friendly interface which simplifies the process of FX trading and a mobile application for trading on the go. It is essential to remember that just like any other type of trading and investment, forex trading involves certain risks which should be thoroughly understood before participating.

Regulation

SBI FXTRADE is a regulated broker under the jurisdiction of Japan. The platform is licensed as a Retail Forex License holder and is overseen by the Financial Services Agency of Japan. The license number is 関東財務局長（金商）第2635号 and the official licensed institution is ＳＢＩ ＦＸ トレード株式会社. The license was effectively granted on 13th April 2012. However, there is no shared email address of the licensed institution. It's crucial to trade with a regulated broker as it provides a certain level of security and oversight.

Pros and Cons

Pros:

1. Wide Range of Trading Instruments: SBI FXTRADE offers an extensive range of 34 currency pairs for trading, making it an attractive platform for those who wish to diversify their trading portfolio.

2. Quick Deposits: The platform provides a quick deposit feature that starts from 1,000 yen with no associated fees.

3. Regulation: SBI FXTRADE is regulated by the Financial Services Agency of Japan, adding a higher level of security and trustworthiness.

5. User-Friendly Interface: The platform has a user-friendly interface that simplifies the process of FX trading, making it easier for beginner traders to navigate.

6. Demo Account: SBI FXTRADE provides a demo account which allows users to practice trading strategies before investing real money.

7. 24-Hour Service: The platform facilitates 24-hour trading, enabling traders to take advantage of global forex market hours.

8. Mobile Trading: SBI FXTRADE offers mobile trading platforms for users to trade on the go.

Cons:

1. Deposit Fees: While quick deposits are free, other deposit methods such as the “normal deposit” method have associated transfer fees that will be borne by the customer.

2. Delay in Reflection of Deposits: Certain deposit methods may not immediately reflect the deposited amount in the trading account. If any error occurs, the reflection of deposit will have to wait till the confirmation of payment receipt.

3. Fees on Some Services: For certain services, such as normal deposits, transfer fees will be borne by the customer.

Market Instruments

SBI FXTRADE provides its users with the opportunity to trade in a total of 34 currency pairs. This offering is considered to be one of the highest in the industry, giving traders a wide range of options when it comes to choosing their trading instruments.

It signifies that traders have the opportunity to capitalize on the movements of various currencies ranging from major currency pairs to minor and exotic ones. However, it's always important for traders to understand the risks associated with each trading instrument before investing.

How to open an account?

1. The first step would be to navigate to the “Complete application in” button at the top right side of the page.
2. Please enter your email address using the submit button that is below the “apply for a personal account” sign. An account opening application URL will be sent to the email address you entered.
3. Enter your name, date of birth, and current address as in the identity verification document. The user is required to have a Japanese “MyNumber” identification in order to continue to after this step.
4. After the information has been examined, SBI FXTRADE will determine if the account creation process will be completed.

Minimum Deposit

SBI FXTRADE offers two different methods of depositing funds: quick deposits and normal deposits.

Quick deposits start from 1,000 yen, with no associated fees. It's important to note that applications cannot be accepted during maintenance times performed by the broker or financial institutions.

Deposit & Withdrawal

SBI FXTRADE provides several methods for depositing and withdrawing funds.

For making deposits, there are three methods available:

1. Quick deposits: This method allows clients to deposit funds starting from 1,000 yen with no associated fees. However, deposition isn't guaranteed to reflect immediately - errors might delay the reflection of the deposit.
2. Normal deposits: This involves a money transfer to a created “Customer Dedicated Deposit Account”. Note that transfer fees are borne by the customer unless they are an SBI Shinsei Bank account holder depositing into the “SBI Shinsei Bank account exclusively for SBI FX Trade”.
3. Deposit to SBI Shinsei Bank: This method involves a money transfer to the dedicated SBI Shinsei Bank account for SBI FX Trade. There are no transfer fees and the customer has to specify their login ID and first and last name in kana in the remittance name.

The following provides more details on deposit confirmation and conditions:

• Payments can be confirmed on the transaction screen.
• Payments may not reflect immediately as they need to be received and confirmed by the bank. This process can take some time during busy periods.
• Deposit processing is done three times a day at 9:00, 13:00, and 15:30.
• Shinsei Bank deposits will be reflected in the FX account and need to be transferred to the savings FX account or the crypto asset CFD account by the user.

Customer Support

SBI FXTRADE offers an array of contact channels enabling seamless and efficient communication:

1. Direct Phone Line: Enabling immediate assistance, the firm can be directly contacted via their dedicated line at +81 0120-982-417.
2. Official Web Portal: An exhaustive array of resources could be found on their official website, SBI FXTRADE.
3. Social Media Presence: Connect with them on Twitter for real-time updates and interactions. They also maintain an active online presence on Facebook and exclusive content on their dedicated YouTube channel.

Educational Resources

SBI FXTRADE provides several educational resources for its traders:

1. Official YouTube Channel: SBI FXTRADE maintains an official YouTube channel where they share informative video content. This includes market news, tutorials, trading strategies, and explanations on various aspects of Forex trading.
2. Today's Exchange News: This is presumably a feature where recent news and events affecting the exchange market are discussed, providing insights to help traders make informed decisions.
3. Crypto Asset Market Information: This channel is maintained by SBI VC Trade, which is also a part of the SBI Group. It provides information related to the crypto asset market.

Please note that Forex trading and trading in general can be risky, so it's essential to fully understand these risk factors and strategies before investing. Educational resources are a starting point, but should not be the only source of knowledge or strategy formulation. Real-time experience, trading practice, and individual research are also critical components of trading education.

Conclusion

SBI FXTRADE, a premium trading firm, offers multiple features tailored towards assisting traders succeed. Key offerings include diverse deposit methods (featuring Quick Deposits), a wide array of trading instruments, a user-friendly platform, and well-developed educational resources. However, potential users should be aware of potential deposit fees and delays, and inherent trading risks.

FAQs

Q: What are some educational resources that SBI FXTRADE provides for traders?

A: SBI FXTRADE offers a variety of educational resources, including a YouTube channel filled with market news, trading strategies, and other trading-related insights, a feature for recent market news, programs providing insights into alternative currencies to USD/JPY.

Q: How can users contact SBI FXTRADE?

A: SBI FXTRADE can be reached through their phone number (+81 0120-982-417), their official website, or their social media accounts on Twitter, Facebook, and YouTube.

Q: What are the unique features of SBI FXTRADE?

A: SBI FXTRADE offers quick deposits without any fees starting from 1,000 yen and is regulated by the Financial Services Agency of Japan for enhanced security.