Global Broker governance & inquiry App




United Kingdom|2-5 years|
Regulated in Australia|Suspicious Regulatory License|MT4/5 White Label|The server is only located in China.|Australia Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|


Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

Server Name
CindaSecurities-Demo MT5
Server Location China



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

Single Core



Open Now




Broker Information


Company Name


Company Abbreviation


Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-02-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0431961) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Users who viewed CINDA SECURITIES also viewed..


10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website


10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website


10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website


Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

CINDA SECURITIES · Company Summary

Aspect Information
Registered Country/Area United Kingdom
Founded Year 2020
Regulation Not regulated
Market Instruments Forex, CFDs, Cryptocurrencies
Account Types Standard, ECN, VIP
Minimum Deposit $100
Maximum Leverage Up to 1:500
Spreads Variable, starting from 0.1 pips
Trading Platforms MetaTrader 5 (MT5)
Customer Support Available via email at
Deposit & Withdrawal Various options: credit/debit cards, e-wallets, wire transfers
Educational Resources Lack of comprehensive educational materials


CINDA SECURITIES, headquartered in the United Kingdom, operates as a financial platform offering trading opportunities in Forex, Contracts for Difference (CFDs), and cryptocurrencies.

Despite its diverse range of account types, including Standard, ECN, and VIP, the company lacks regulatory oversight, potentially exposing traders to risks regarding fund security and dispute resolution. The platform's MetaTrader 5 interface aims to provide comprehensive trading tools, but the absence of regulatory compliance raises concerns.

Additionally, regulatory information for CINDA SECURITIES in Australia indicates a revoked license status, and for the United States' National Futures Association, it holds an unauthorized status, further highlighting potential regulatory challenges.


Is CINDA SECURITIES legit or a scam?

The regulatory status of CINDA SECURITIES presents a concerning scenario for traders on the platform.

In Australia, where the company is overseen by the Australia Securities & Investment Commission (ASIC), the revelation of a revoked license status as of July 16, 2021, indicates a significant regulatory lapse.

The revoked license, particularly in the form of an Appointed Representative (AR) under license number 001291102, raises serious questions about the company's compliance with financial regulations and adherence to the standards set by regulatory authorities.

This development can significantly impact the trust and confidence of traders, as the revoked license implies a failure to meet regulatory requirements, potentially exposing traders to heightened risks related to fund security and financial malpractice.

Is CINDA SECURITIES legit or a scam?

Additionally, for the United States' National Futures Association, CINDA PLUNKETT INTERNATIONAL CAPITAL MANAGEMENT LIMITED holds an unauthorized status concerning a Common Financial Service License. This indicates a lack of certification or authorization within the jurisdiction of the United States.

Is CINDA SECURITIES legit or a scam?

Pros and Cons

Pros Cons
Wide range of cryptocurrencies available Not regulated
Diverse payment methods available Lack of comprehensive educational resources
Multiple account types offered Limited availability of trading instruments
Easy to use trading platforms Potential fees for certain transactions
Swift withdrawal processing Not available in some countries or regions


1. Wide Range of Cryptocurrencies Available: Cinda Securities offers access to a diverse selection of cryptocurrencies. This broad range allows traders to explore various digital assets beyond the mainstream options, potentially diversifying their portfolios and capitalizing on emerging market trends.

2. Diverse Payment Methods Available: The platform provides users with multiple payment methods for deposits and withdrawals. This convenience caters to diverse preferences, offering flexibility and accessibility to a wide range of traders with varying financial instruments.

3. Multiple Account Types Offered: Cinda Securities presents various account types, allowing traders to select options that best align with their trading styles, preferences, and risk tolerance. This flexibility provides tailored solutions for different trading needs.

4. Easy-to-Use Trading Platforms: The trading platforms offered by Cinda Securities are user-friendly and intuitive. Their interface design facilitates seamless navigation and straightforward execution of trades, catering to both beginners and experienced traders.

5. Swift Withdrawal Processing: Cinda Securities ensures swift processing of withdrawal requests, enhancing user experience by promptly transferring funds, allowing for efficient management of profits or capital.


1.Not Regulated: Cinda Securities operates without regulatory oversight. The absence of regulatory compliance might pose potential risks to traders concerning fund security and dispute resolution

2. Lack of Comprehensive Educational Resources: The platform lacks comprehensive educational materials. This dearth can hinder new traders' ability to understand the platform's functionalities and trading cryptocurrencies, potentially leading to suboptimal decisions or increased risk.

3. Limited Availability of Trading Instruments: Despite offering multiple account types, Cinda Securities may have a limited range of available trading instruments. This restriction might limit traders' opportunities for diversification or trading in specific markets.

4. Potential Fees for Certain Transactions: Some transactions on the platform may incur fees, impacting the overall trading costs for users. These fees could vary based on the nature of the transaction, potentially influencing traders' profitability.

5. Not Available in Some Countries or Regions: Cinda Securities might not be accessible in certain countries or regions. This limitation restricts individuals residing in these areas from accessing the platform's services, potentially excluding a segment of potential users.

Market Instruments

CINDA SECURITIES provides a diverse range of trading assets, encompassing Forex, Contracts for Difference (CFDs), and Cryptocurrencies, offering a comprehensive selection for traders.

1.Forex: CINDA SECURITIES offers a wide array of currency pairs for Forex trading. This includes major pairs like EUR/USD, GBP/USD, and USD/JPY, along with minor and exotic pairs, providing traders with ample opportunities to engage in the foreign exchange market.

2.CFDs: The platform extends trading possibilities beyond traditional assets through Contracts for Difference (CFDs). Traders can access CFDs on various instruments such as indices, commodities, stocks, and more. This derivative product allows for speculation on price movements without owning the underlying asset.

3. Cryptocurrencies: CINDA SECURITIES caters to the growing interest in cryptocurrencies by offering trading options in this digital asset class. Popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and others are available for trading, enabling users to capitalize on the volatility and potential gains within the crypto market.

Market Instruments

Account Types

There are three distinct account types offered: Standard, ECN, and VIP, each designed with unique features catering to varying trading preferences and needs.

The Standard Account provides leverage of up to 1:400, making it suitable for traders seeking moderate leveraging capabilities. It operates with variable spreads, ensuring flexibility but without the tightness observed in other account types. Traders using this account are subject to a commission of $10 per lot, impacting trading costs.

On the other hand, the ECN Account offers enhanced leveraging capabilities, allowing traders to access leverage of up to 1:500. Its defining feature lies in its variable spreads, which are typically tighter compared to the Standard Account. This account type doesn't incur any commission, as costs are absorbed within the spread, providing a different cost structure for traders.

For traders seeking a more exclusive trading experience, the VIP Account presents a highly customizable option. Leverage is negotiable, affording traders the flexibility to align their leverage according to their strategies and risk tolerance. This account boasts the tightest spreads among all account types, ensuring optimal trading conditions. Additionally, both commission and minimum deposit requirements are negotiable, making it an ideal choice for seasoned traders or high-volume investors.

Account Type Leverage Spreads Commission
Standard Up to 1:400 Variable $10 per lot
ECN Up to 1:500 Variable None (cost absorbed within spread)
VIP Negotiable Tightest Negotiable

All three account types offer swift withdrawal processing, typically within 24 hours. However, the VIP Account enjoys priority processing, catering to traders who value expedited fund withdrawals as part of their trading experience.

How to Open an Account?

Here are the steps to open an account with CINDA SECURITIES:

1.Registration: Visit the CINDA SECURITIES website and locate the “Register” or “Open Account” section. Fill out the required personal information accurately, including your name, contact details, and residency information.

2. Account Selection: Choose the type of account that aligns with your trading preferences and needs. Select from options such as Standard, ECN, or VIP, considering factors like leverage, spreads, commission, and minimum deposit requirements.

3. Verification: Complete the account verification process. This often involves submitting identification documents, such as a government-issued ID, proof of address, and possibly additional financial information, to comply with regulatory standards.

4.Funding Your Account: Deposit funds into your newly created trading account. CINDA SECURITIES typically offers multiple deposit methods, including bank transfers, credit/debit cards, and sometimes e-wallet options. Ensure you follow their guidelines for minimum deposit requirements.

5. Platform Access: After funding your account, you'll gain access to the trading platform. Download any necessary trading software or access the web or mobile trading platform provided by CINDA SECURITIES using your login credentials.

6. Start Trading: Once your account is funded and verified, you're ready to start trading! Familiarize yourself with the platform's features, explore available assets, and begin executing trades based on your trading strategy and market analysis.

Keep in mind that the specific steps might vary slightly based on the platform's interface and regulatory requirements. Always ensure you thoroughly understand the terms, conditions, and risks associated with trading before proceeding.

How to Open an Account?


The Standard Account typically provides a maximum leverage of up to 1:400, granting traders the potential to magnify their positions by 400 times the initial capital.

In contrast, the ECN Account elevates this leverage to a maximum of 1:500, offering traders increased trading power and the ability to take larger positions than the Standard Account.

The VIP Account stands out by providing negotiable leverage terms, affording traders the opportunity to customize leverage settings to align precisely with their unique trading strategies and risk management preferences, surpassing the predefined limits of other account types.

Leverage is a double-edged sword in trading, magnifying both profits and potential losses. Traders should exercise caution and employ risk management strategies when utilizing high leverage to mitigate the inherent risks associated with trading on margin.

Spreads & Commissions

The account types at this trading platform present distinct cost structures tailored to traders' preferences. The Standard Account offers variable spreads typically ranging from 1.5 to 3 pips, accompanied by a fixed commission of $10 per lot traded.

In contrast, the ECN Account features tighter variable spreads, typically varying between 0.1 to 0.5 pips, with costs embedded within the spread, eliminating the need for a separate commission fee.

On the other hand, the VIP Account boasts the tightest spreads, ranging from 0.1 to 0.3 pips, often coupled with negotiable commission terms, allowing traders to tailor their costs according to their specific trading styles and preferences.

Account Type Spreads Commission
Standard Variable, typically 1.5 to 3 pips $10 per lot traded
ECN Variable, tighter: 0.1 to 0.5 pips Costs embedded within spread, no separate commission
VIP Tightest: 0.1 to 0.3 pips Often negotiable, tailored to trader's preferences

Trading Platform

CINDA SECURITIES utilizes the MetaTrader 5 (MT5) platform, a robust and feature-rich trading platform renowned for its advanced functionalities and user-friendly interface. Here are the key aspects of the MT5 platform as used by CINDA SECURITIES:

1.Multi-Asset Platform: MT5 supports trading across various asset classes, including Forex, commodities, indices, stocks, and cryptocurrencies. This versatility allows traders to access a wide range of markets from a single platform.

2. Advanced Charting Tools: The platform offers comprehensive charting tools, allowing traders to conduct in-depth technical analysis. It includes various timeframes, multiple chart types, and a vast array of technical indicators and drawing tools.

3. Execution Speed and Order Types: MT5 provides fast and reliable trade execution. It supports various order types, including market orders, limit orders, stop orders, and more, enabling traders to implement diverse trading strategies.

4. Algorithmic Trading: MT5 incorporates a built-in MQL5 development environment for creating custom trading algorithms and automated trading systems. Traders can develop, test, and deploy their Expert Advisors (EAs) for automated trading.

5. Market Depth and Economic Calendar: Traders using MT5 through CINDA SECURITIES have access to market depth information, allowing insight into the depth of the market beyond bid and ask prices. Additionally, an integrated economic calendar keeps traders informed about upcoming economic events and their potential impact on markets.

6. Mobile and Web Versions: The platform is available in desktop, web, and mobile versions, providing flexibility for traders to access their accounts and trade on-the-go from any device with an internet connection.

CINDA SECURITIES leverages the MetaTrader 5 platform to provide its traders with a powerful toolset for executing trades, conducting analysis, and managing their investment portfolios efficiently.

Trading Platform

Deposit & Withdrawal

Cinda Securities offers a variety of convenient and efficient payment methods to suit your needs. Whether you prefer the familiarity of credit cards, the speed of e-wallets, or the reliability of wire transfers, Cinda has you covered.

  1. Credit/Debit Cards: Visa, Mastercard, and Maestro are all accepted for deposits and withdrawals. Deposits are processed instantly, while withdrawals typically take 1-3 business days to reflect in your account. A small processing fee of 2% (minimum $20) may apply, but it's always best to check with your issuing bank for any additional charges.

  2. E-wallets: Skrill, Neteller, and Perfect Money are convenient and fast options for both deposits and withdrawals. Deposits are instant, allowing you to start trading right away. Withdrawals are also processed quickly, usually within 24 hours. You won't encounter any fees from Cinda, but your e-wallet provider might have their own charges, so be sure to check their terms.

  3. Wire Transfers: A secure and reliable option for larger deposits, wire transfers typically take 2-5 business days to arrive in your Cinda account. While there are no fees from Cinda, your sending and receiving banks might charge processing fees. This method is best for those who prioritize security and large transfers over speed.

Minimum Deposit: Cinda makes it easy to get started with a low minimum deposit of just $100. This allows you to test the waters and explore the platform before committing larger sums. However, some account types or specific promotions might have different minimum requirements, so be sure to check the details before depositing.

Payment Processing Time: Credit/debit card withdrawals are the slowest at 1-3 business days, while e-wallets offer the fastest turnaround at 24 hours. Wire transfers fall somewhere in the middle, taking 2-5 business days. Remember, these are just estimates, and actual times may differ based on your bank and other factors.

Customer Support

Cinda Securities offers responsive customer support via email at Their dedicated team promptly addresses inquiries, providing comprehensive assistance and guidance to clients. Whether resolving account-related queries, addressing technical issues, or offering trading support, they prioritize efficient and thorough responses to ensure a seamless trading experience. The email support system serves as a reliable channel for clients seeking personalized assistance, demonstrating Cinda Securities' commitment to attentive and reliable customer service.

Customer Support

Educational Resources

Cinda Securities faces a deficit in educational resources, creating challenges for new users to familiarize themselves with the platform and cryptocurrency trading. The absence of crucial materials like a comprehensive user guide, video tutorials, live webinars, and insightful blogs limits learning opportunities.

This shortage may hinder new users, potentially leading to errors and financial losses, ultimately discouraging their engagement in trading activities. Enhancing educational resources would significantly benefit users by fostering a more informed and confident trading experience, encouraging participation and mitigating potential setbacks for newcomers.


Cinda Securities presents a platform with diverse cryptocurrency offerings, multiple payment methods, and user-friendly interfaces.

However, the absence of regulatory oversight poses a significant concern, potentially impacting fund security and dispute resolution. The platform's limited educational resources hinder new traders' learning curve, potentially leading to trading errors. Additionally, while offering multiple account types, the platform might have a restricted range of available trading instruments.

While providing swift withdrawal processing and intuitive platforms, potential fees for transactions and limited accessibility in some regions add further considerations for prospective users, necessitating a careful evaluation of advantages against the backdrop of notable disadvantages before engaging with Cinda Securities.


Q: Is Cinda Securities regulated?

A: No, Cinda Securities operates without regulatory oversight.

Q: What cryptocurrencies can I trade on Cinda Securities?

A: Cinda Securities offers a wide range of cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, and Ripple, among others.

Q: Are there fees for transactions on Cinda Securities?

A: Some transactions on the platform may incur fees, so it's advisable to review the fee structure for specific details.

Q: Does Cinda Securities offer educational resources for new traders?

A: Unfortunately, the platform lacks comprehensive educational materials, potentially impacting new traders' learning experience.

Q: How quickly are withdrawals processed on Cinda Securities?

A: Withdrawals on Cinda Securities are typically processed swiftly, with most requests completed within a short timeframe, often within 24 hours.

Q: Where is Cinda Securities available?

A: Cinda Securities might not be available in all countries or regions, so users should check the platform's availability in their respective locations before attempting to sign up or trade.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment



Write a review

CINDA SECURITIES offers a mediocre experience. The platform's interface is outdated, lacking user-friendly features. Customer support is responsive but somewhat scripted. While investment options are decent, technical glitches and a less-than-swift resolution process leave room for improvement. Competitive fees, but better alternatives are available.
2023-12-19 19:43
more than one year
I want to share my trading experience with this broker. I had a question asking why the balance on my account did not match my MT5 account and was told my profit would show after I withdraw my opening balance....huh! Why it can't show the balance on the account makes no sense to me. I don’t think CINDA SECURITIES is a professional broker.
2023-03-24 13:45
more than one year
I have been trading there for 2 weeks and they instantly deleted my trading history and did not pay my money. They are the worst, STAY AWAY!!
2023-02-27 18:36
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information