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Plus500 , CPT Markets Broker Comparison

Do you want to know which is the better broker between Plus500 and CPT Markets ?

In the table below, you can compare the features of Plus500 , CPT Markets side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Plus500
7.86
Regulated
Under guarantee
10-15 years
ASIC,FSA,CYSEC,FCA,FMA,MAS
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
CPT Markets
8.2
Regulated
Under guarantee
--
--
--
5-10 years
FCA,FSC,FSCA
Online banking,QR,Wire transfer,MASTER,VISA,Crypto
AA
A
455.6
297
297
301
1711
1711
1439
AA

EURUSD: 0.2

XAUUSD: 0.1

25
-1
25
B
9.14 USD/Lot
41.04 USD/Lot
AA

Long: -6.49

Short: 1.94

Long: -21.31

Short: 11.33

AAA
0.2
9.2
STANDARD ACCOUNTS
--
$100
1:1000
From 0.9
50.00
Floating
0.01
--

Plus500 BrokersRelevant information

Plus500 BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of plus500, cpt-markets lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

plus500
Plus500 Review Summary of 10 Points
Founded 2008
Headquarters Israel
Regulation FCA, CySEC, ASIC, FMA, MAS
Market Instruments forex, cryptocurrencies, stocks, indices, commodities, and options
Demo Account Available
Leverage 1:30 (forex), 1:20 (indices), 1:10 (commodities), 1:2 (cryptocurrencies), 1:5 (stocks)
EUR/USD Spread 0.5 pips
Trading Platforms own proprietary trading platform (desktop, web, and mobile)
Minimum deposit $/€/£100
Customer Support 24/7 email, WhatsApp and live chat

What is Plus500?

Plus500 is an online trading platform that offers Contracts for Difference (CFDs) on a range of financial instruments including stocks, forex, commodities, cryptocurrencies, options, and indices. The platform was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.

What Type of Broker is Plus500?

Plus500 is a CFD (Contracts for Difference) broker, which means that it offers trading on derivatives based on various financial assets without actually owning the underlying assets. Traders can speculate on the price movements of assets such as stocks, forex, commodities, cryptocurrencies, and indices without having to buy or sell the assets themselves. As a CFD broker, Plus500 allows traders to take both long and short positions, and offers leverage which can increase potential profits (and losses).

Plus500's website

Pros & Cons

Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.

However, traders who require advanced charting tools, educational resources, and alternative trading platforms may need to consider other brokers.

Pros Cons
• Simple and easy-to-use trading platform • Limited product offering
• Commission-free trading • Limited research and educational tools
• Tight spreads • No support for MetaTrader platform
• Negative balance protection • Limited customer support options
• Regulated by reputable financial authorities • No phone support
• Free demo account • Withdrawal fees for some payment methods
• Limited trading tools and features

Note that the information presented in the table is based on general observations and may vary depending on individual circumstances and preferences.

Plus500 Alternative Brokers

There are many alternative brokers to Plus500, and the best one for you will depend on your individual trading needs and preferences. Here are some popular alternatives to Plus500:

  • eToro: eToro is a social trading platform that allows you to copy the trades of other traders. It offers a wide range of trading instruments and has a user-friendly platform.

  • IG: IG is a well-established broker that offers a wide range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

  • XM: XM is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

  • Pepperstone: Pepperstone is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

  • IC Markets: IC Markets is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.

It's important to do your own research and compare the features and fees of different brokers before making a decision.

Is Plus500 Safe or Scam?

Plus500 is considered legitimate as it is authorized and regulated by several top-tier financial authorities, including the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base. However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.

How are you protected?

Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients. Here is a table outlining how Plus500 protects its clients:

Protection Measure Detail
Segregated Funds Client funds are kept separate from company funds
Negative Balance Protection Clients can't lose more than their account balance
Risk Management Tools Stop loss, limit order and other tools to help manage risk
Account Verification Rigorous account verification process to prevent fraud and unauthorized access
SSL Encryption Secure Socket Layer (SSL) encryption used for all communication and data transfer
Regulatory Oversight Regulated by multiple reputable financial authorities
Investor Compensation Fund Eligible clients may receive compensation in the event of insolvency or bankruptcy

Note: This table provides a brief overview of Plus500's client protection measures and is not exhaustive. Clients should always refer to Plus500's official website and legal documents for complete and up-to-date information.

Our Conclusion on Plus500 Reliability:

Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers negative balance protection to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.

However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.

Market Instruments

Plus500 offers a wide range of trading instruments including:

  • Forex pairs - major, minor, and exotic currency pairs

  • Stocks - CFDs on stocks from various international markets

  • Indices - CFDs on major stock indices like S&P 500, Nasdaq, FTSE 100, and more

  • Commodities - CFDs on precious metals, energies, and agricultural products

  • Cryptocurrencies - CFDs on popular digital currencies like Bitcoin, Ethereum, Litecoin, and more

Accounts

Plus500 offers two types of accounts: a live trading account and a demo account.

The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,000 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.

The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.

Leverage

Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.

For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.

It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.

Spreads & Commissions

Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads can start from as low as 0.5 pips for major currency pairs like EUR/USD. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Plus500 0.5 pips No
eToro 1.0 pips No
IG 0.75 pips Yes
XM 1.6 pips No
Pepperstone 0.16 pips Yes
IC Markets 0.1 pips Yes

Note that spreads and commissions are subject to change and can vary depending on the account type, trading platform, and other factors. Traders should always check the broker's website for the most up-to-date and accurate information.

Trading Platforms

The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.

The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.

Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:

Broker Trading Platforms
Plus500 Plus500 WebTrader, Plus500 Windows Trader, Plus500 mobile app
eToro eToro WebTrader, eToro mobile app
IG IG Trading Platform, IG mobile app
XM MetaTrader 4, MetaTrader 5, XM WebTrader, XM mobile app
Pepperstone MetaTrader 4, MetaTrader 5, cTrader, Pepperstone mobile app
IC Markets MetaTrader 4, MetaTrader 5, cTrader, IC Markets mobile app

Deposits & Withdrawals

Plus500 offers several deposit and withdrawal methods, including:

  • Credit/debit card (Visa or Mastercard)

  • PayPal

  • Bank transfer

  • Electronic wallets (Skrill, Neteller)

It's worth noting that the availability of certain payment methods may vary depending on your location.

payment methods

Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.

deposit and withdrawal fees

Minimum deposit requirement

The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit ranges from $100 to $1,000. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.

Plus500 minimum deposit vs other brokers

Plus500 Most other
Minimum Deposit $/€/£100 $/€/£100

Plus500 Money Withdrawal

To withdraw funds from Plus500, you need to follow these steps:

Step 1: Log in to your Plus500 account and click on the “Funds Management” tab.

Step 2: Click on “Withdrawal” and select your preferred withdrawal method.

Step 3: Enter the amount you wish to withdraw and any additional information required for the withdrawal method you have chosen.

Step 4: Click on “Submit” to initiate the withdrawal process.

It is worth noting that Plus500 may require additional documentation or information to verify your identity before processing your withdrawal request. The processing time for withdrawals may also vary depending on your chosen withdrawal method.

Fees

Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.

no fees

The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.

It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.

aditional fees

Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
Plus500 Free $5-$10 $10/month
eToro Free $5 $10/month
IG Free Free $18/month
XM Free Free $5/month
Pepperstone Free Free $0
IC Markets Free $3.5 $0

Customer Service

Plus500 offers customer service through email, WhatsApp and live chat. The live chat is available 24/7, while email and WhatsApp support is available during business hours. Plus500 also provides an extensive FAQ section on their website, which covers many commonly asked questions about their services and trading platform.

FAQs

You can also follow Plus500 on some social networks such as Facebook, Twitter and Instagram.

social media

Overall, Plus500's customer service is considered to be adequate, with prompt responses and helpful support staff. However, some users have reported difficulty reaching support during busy times or experiencing long wait times for responses to their queries.

Pros Cons
• 24/7 customer support via live chat • No phone support available
• Multilingual support • Sometimes response is not prompt
• User-friendly help center and FAQ section

Note: These pros and cons are subjective and may vary depending on the individual's experience with Plus500's customer service.

Education

Plus500 provides an educational section on their website, which includes video tutorials, a demo account, and a FAQ section. The educational resources cover topics such as trading basics, technical analysis, and risk management. However, the educational content is relatively limited compared to some other brokers and may not be sufficient for beginners looking to learn about trading.

Conclusion

Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with a 24/7 support team available via live chat.

However, Plus500 does have some drawbacks, such as limited educational resources, lack of a dedicated account manager, and a relatively high inactivity fee. Additionally, the broker's trading platform may not be suitable for advanced traders who require advanced charting tools and features.

In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.

Frequently Asked Questions (FAQs)

Q 1: Is Plus500 regulated?
A 1: Yes. Plus500 is regulated by FCA, CySEC, ASIC, FMA, and MAS.
Q 2: Does Plus500 offer demo accounts?
A 2: Yes.
Q 3: Does Plus500 offer industry-standard MT4 & MT5?
A 3: No. Instead, Plus500 offers its own proprietary trading platform (desktop, web, and mobile).
Q 4: What is the minimum deposit for Plus500?
A 4: The minimum initial deposit to open an account is $/€/£100.
Q 5: Is Plus500 a good broker for beginners?
A 5: Yes. Plus500 is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
cpt-markets
CPT Markets Basic Information
Registered Country/Region Belize
Founded in 2016
Regulation FCA (UK), FSC (Belize)
Minimum Deposit $500
Demo Account Yes
Tradable Assets Forex, Metals, Energy, Indices, Cryptocurrencies
Trading Platforms MetaTrader 4, WebTrader, Mobile App
Spreads From 0.0 pips
Commission $3 per lot
Leverage Up to 1:1000
Deposit Methods Bank Wire Transfer, Credit/Debit Cards, E-wallets
Withdrawal Methods Bank Wire Transfer, Credit/Debit Cards, E-wallets
Education Trading Academy, Webinars, Trading Tools
Customer Support Phone, Email, Live Chat

Overview of CPT Markets

CPT Markets is a global financial brokerage firm that offers a variety of financial instruments for trading. Founded in 2016, the broker is headquartered in London, UK, and is regulated by the Financial Conduct Authority (FCA) and the International Financial Services Commission (IFSC). CPT Markets provides its clients with access to a range of trading platforms, including the popular MetaTrader 4 (MT4) platform, as well as a variety of educational resources and trading tools. The broker also offers competitive spreads and leverage, with the ability to trade on a range of asset classes, including forex, commodities, indices, and cryptocurrencies. However, CPT Markets does not offer its services to residents of the United States, Canada, and some other jurisdictions.

basic-info

Is CPT Markets legit or a scam?

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

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

regulation

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.

regulation

Pros & Cons

When evaluating a potential broker to trade with, it's important to consider both the advantages and disadvantages. This can help you make an informed decision on whether a broker like CPT Markets is suitable for your trading needs. In this section, we will provide an overview of the pros and cons of trading with CPT Markets, including aspects such as trading conditions, account types, customer support, and more. By the end of this section, you should have a better understanding of what CPT Markets has to offer and whether it aligns with your trading goals and preferences.

Pros Cons
Wide selection of trading instruments Limited range of tradable instruments
Multiple account types to suit various traders No proprietary trading platform
Competitive spreads and commissions Limited educational resources
Multiple deposit and withdrawal options Limited research and analysis tools
Negative balance protection and client fund safety Limited customer support options outside of Asia
Access to popular trading platforms such as MT4 Limited social trading options

Market Instruments

CPT Markets offers a range of financial instruments across different markets, including forex, indices, commodities, and cryptocurrencies. The broker's asset selection is designed to provide traders with diversified trading opportunities and a chance to profit from market volatility. 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, CPT Markets has a range of assets to suit different trading styles and strategies. In this way, traders have access to a broad range of markets to trade, making it easier to find potential opportunities in various markets.

products
Pros Cons
Diverse range of assets including forex, commodities, indices, and cryptocurrencies Limited selection of stocks compared to some other brokers
Competitive spreads and low commissions No option to trade futures
No option to trade options
Limited information about some of the available assets
No access to bonds or other fixed-income assets

Account Types

CPT Markets (Belize) offers three types of trading accounts: Standard, Platinum, and ECN. Each account comes with a minimum deposit requirement of $500.

The Standard account is designed for beginner traders who want to start trading with a small investment. This account offers fixed spreads and allows trading in all available instruments. It also comes with the option to use a swap-free account for those who want to trade according to Shariah law.

The Platinum account is aimed at more experienced traders who require access to a wider range of trading tools and services. This account offers variable spreads and allows trading in all available instruments. It also comes with a personal account manager, free VPS hosting, and priority withdrawal processing.

The ECN account is designed for advanced traders who require faster execution speeds and the ability to trade with no dealing desk intervention. This account offers raw spreads, which means that traders can access the tightest spreads available in the market. It also allows trading in all available instruments and comes with the option to use a swap-free account for those who want to trade according to Shariah law. Additionally, the ECN account offers free VPS hosting and priority withdrawal processing.

account-types
Pros Cons
Multiple account types to choose from High minimum deposit requirement of $500
Competitive spreads on all account types No 24/7 customer support
Access to various trading instruments No bonuses or promotions offered
Advanced trading platforms offered
Negative balance protection
Demo Accounts Available

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.

demo-trading

How to open an account with CPT Markets?

  1. To initiate the account opening process with CPT Markets, interested individuals may visit the broker's official website and click on the “Open Account” button.

open-account
  1. This will redirect them to the account registration page where they will be required to fill out the necessary personal and contact information, as well as financial details and other relevant documents.

open-account
  1. After completing the online registration form, the account will then be subject to review and approval by CPT Markets. Once the account has been verified and activated, clients may then proceed to fund their trading account with the required minimum deposit and start trading various financial instruments offered by the broker.

Leverage

CPT Markets (Belize) offers a maximum leverage of up to 1:1000, which is considered to be high. However, it's worth noting that the actual leverage offered to traders may vary depending on their account equity.

For example, traders with a lower account balance may have a lower leverage ratio, while those with a higher account balance may be able to access higher leverage ratios. This is because higher leverage ratios can increase the risk of losses, and brokers must take steps to ensure that traders have enough margin to cover potential losses.

leverage

You can request a change to the leverage of your trading account by logging into the CPT Markets Client Portal, clicking on “Accounts” section, selecting the relevant account number, and clicking on the “double arrow - leverage change” icon, selecting the suitable leverage from the options.

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 (Trading Fees)

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.

spread-commission

Below is a table comparing the spreads of CPT Markets on EUR/USD, Crude Oil, and Gold with those of FP Markets and AvaTrade:

Broker EUR/USD Spread Crude Oil Spread Gold Spread
CPT Markets 0.3 pips 3.5 cents 20 cents
FP Markets 0.1 pips 3 cents 25 cents
AvaTrade 0.9 pips 3 cents 35 cents

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).

non-trading-fees

Trading Platform

CPT Markets gives its clients access to two excellent choices of trading platforms, the advanced MT4 and MT5. 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.

trading-platform
trading-platform

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.

Broker Platform Desktop Web Mobile Automated Trading
CPT Markets MetaTrader 4
MetaTrader 5
cTrader
FXCM Trading Station
MetaTrader 4
NinjaTrader
FP Markets MetaTrader 4
MetaTrader 5
WebTrader
IRESS

Deposit & Withdrawal

CPT Markets offers a variety of deposit and withdrawal methods for its clients, including bank wire transfer, credit/debit card, and 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.

Pros Cons
Multiple deposit and withdrawal options Some methods may incur fees or minimum transaction amounts
No deposit or withdrawal fees for most methods Withdrawals can take up to 3 business days to process
Option to use local bank transfer in some regions Limited availability of some methods in certain regions
Withdrawal options are more limited than deposit options
Currency conversion fees may apply for some methods

Minimum Deposit

CPT Markets has set the minimum deposit amount at $500, which is relatively higher than the industry average. This may be a consideration for some traders who are just starting out or have limited funds available for trading.

Below is a table comparing the minimum deposit requirements of CPT Markets, IC Markets, and FP Markets:

Broker Minimum Deposit
CPT Markets $500
IC Markets $200
FP Markets $100

Customer Support

CPT Markets offers customer support to clients via various channels. 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. The broker also provides a comprehensive FAQ section on its website that covers a wide range of topics related to trading and account management.

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.

customer-support

Educational Resources

CPT Markets offers a variety of educational resources to help traders improve their skills and knowledge of the financial markets. These resources include:

  • Webinars: CPT Markets offers regular webinars covering a range of topics, from trading strategies and market analysis to risk management and trading psychology.

  • Video Tutorials: CPT Markets provides a range of video tutorials covering different aspects of trading, including technical analysis, fundamental analysis, and trading psychology.

  • eBooks: CPT Markets offers a range of eBooks covering various topics related to trading, including forex trading, stock trading, and commodity trading.

  • Economic Calendar: CPT Markets provides an economic calendar that displays upcoming economic events and their potential impact on the financial markets.

  • Market Analysis: CPT Markets provides daily market analysis, including technical analysis, fundamental analysis, and market news.

  • Trading Tools: CPT Markets offers a range of trading tools, including trading calculators, economic indicators, and a margin calculator.

educational-resources
educational-resources

Conclusion

CPT Markets is a regulated broker that offers a range of trading instruments on multiple trading platforms. The broker's competitive spreads and flexible leverage options make it an attractive option for traders. Additionally, CPT Markets provides a wide range of educational resources, including webinars, trading courses, and market analysis, to help traders improve their skills and make informed trading decisions.

However, CPT Markets does have some drawbacks. The minimum deposit requirement of $500 is higher than industry standards, and the broker charges higher than average non-trading fees. Customer support options are limited, with no phone support available. Finally, while the broker offers a variety of deposit and withdrawal options, some users have reported slow processing times for withdrawals.

Overall, CPT Markets may be a suitable choice for experienced traders who value competitive pricing and a variety of educational resources. However, potential users should weigh the pros and cons carefully and conduct their own research before opening an account with the broker.

FAQs

  • Q: Is CPT Markets regulated?

    A: Yes, CPT Markets is regulated by the Financial Conduct Authority (FCA) in the UK and the International Financial Services Commission (IFSC) in Belize.

  • Q: What is the minimum deposit requirement for CPT Markets?

    A: The minimum deposit requirement for CPT Markets is $500.

  • Q: What trading platforms are available with CPT Markets?

    A: CPT Markets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the CPT Markets Mobile App.

  • Q: Does CPT Markets offer a demo account?

    A: Yes, CPT Markets offers a demo account that is valid for 90 days. Multiple demo accounts can be opened.

  • Q: What is the maximum leverage offered by CPT Markets?

    A: CPT Markets offers leverage up to 1:1000, but the actual leverage offered varies depending on the account equity.

Are the transaction costs and expenses of plus500, cpt-markets lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive plus500 and cpt-markets are, we first considered common fees for standard accounts. On plus500, the average spread for the EUR/USD currency pair is -- pips, while on cpt-markets the spread is From 0.9.

Which broker between plus500, cpt-markets is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

plus500 is regulated by ASIC,FSA,CYSEC,FCA,FMA,MAS. cpt-markets is regulated by FCA,FSC,FSCA.

Which broker between plus500, cpt-markets provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

plus500 provides trading platform including -- and trading variety including --. cpt-markets provides trading platform including STANDARD ACCOUNTS and trading variety including --.

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