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The WikiFX Score of this broker is reduced because of too many complaints!

CPT Markets

United Kingdom|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.citypointtrading.com

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info@citypointtrading.com
https://www.citypointtrading.com
https://www.facebook.com/Citypoint-Trading-Limited-140546299330726/
https://twitter.com/citypointtrade
The WikiFX Score of this broker is reduced because of too many complaints!

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

Single Core

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40G

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Broker Information

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Company Name

Citypoint Trading Limited

Company Abbreviation

CPT Markets

Platform registered country and region

United Kingdom

Company website
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Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

A forced liquidation caused by the CPT salesman

The CPT salesman asked me for account, and traded by the opposite way in the evening. My account suffered a forced liquidation the next day. The picture shows that 1000 was deposited and the account balance is cleared the next day.

2019-06-26 00:41
Scam

CPT, a fraud and cloned platform.Investors,please be wisely.

Because of manipulation of market data by the platform and reverse order recommendation given by its teacher,I made a great loss.And the platform was verified as fraud platform.Evidence of illegal fraud:1, the result of domain survey. Description:The platform was set up on 28th,August,2017,which is new and inconsistent with the years-of-history claimed on its website.Picture 8&9 is the screenshots of its domain name. Evidence 2:it claims to be regulated Description:The platform claims that it is regulated by FCA606110,while there is no screenshots of Chinese-and-English regulatory page in its website. It also doesn’t make sense that its staff and customer service don’t give responds positively.The following screenshots 5&6&7 is my communication with the customer service. Evidence 3:The result of regulatory investigation Description:It is verified that the corresponding platform of FCA606 is Cinypoint. The registered regulation time is 2014 and the Cinypoint is a commercial company.Following is the digest of regulatory rules:Contract for Differences (excluding a spread bet and a roll spot forex contract)Future (excluding a commodity future and a roll spot forex contract)Option (excluding a commodity option and an option on a commodity future)Rights to or interests in investments (Contractually Based Investments)Rolling spot forex contract Future(excluding commodity future and roll spot forex contract)Option (excluding a commodity option and an option on a commodity future)Rights to or interests in investments (Contractually Based Investments)Rolling spot forex contract,excluding retail forex business,hasn’t joined the FSCA.The query results is as follows(picture1&2&3&4)

2019-08-30 10:29

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