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/10

Mt.Cook

South Africa|5-10 years|
Regulated in South Africa|Financial Service Corporate|MT4/5 White Label|Regional Brokers|Suspicious Overrun|Medium potential risk|

http://mtcookfinancial.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

AtlanticPearl-Demo 1

United States
MT4
13

Influence

C

Influence index NO.1

Germany 2.67

MT4/5 Identification

MT4/5 Identification

White Label

13
Server Name
AtlanticPearl-Demo 1 MT4
Server Location United States

Influence

Influence

C

Influence index NO.1

Germany 2.67

Surpassed 45.35% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 (866) 672-8733
support@mtcookfinancial.com
http://mtcookfinancial.com/
25 Dock Road Junction, V&A Waterfront Cape Town, 8001, South Africa

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+1 (866) 672-8733

English

+27 21 205 1486

Broker Information

More

Company Name

Atlantic Pearl Ltd

Company Abbreviation

Mt.Cook

Platform registered country and region

South Africa

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 50420)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

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Mt.Cook · Company Summary

General Information & Regulation

Mt.Cook is a South African registered brokerage firm specializing in providing services to fund managers, professional proprietary traders, market participants, funds, and small to medium-sized institutions. Mt.Cook is a trademark of Atlantic Pearl Ltd, which holds a Financial Services corporate licensed by the South African Financial Sector Conduct Authority (Regulatory Number: 50420).

Market Instruments

Mt. Cook provides investors with financial products, mainly currency pairs, metals, and CFDs on the foreign exchange market.

Minimum Deposit

Mt. Cook provides investors with two different sources of liquidity, the ECN stream and the DMA stream. The minimum deposit for the ECN stream is 1,000 USD, and the minimum deposit for the DMA stream is 10,000 USD. Both trade types are market execution.

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Mt. Cook Leverage

When it comes to trading leverage, the maximum trading leverage is up to 1:100 for forex trading, 1:100 for XAUUSD, 1:10 for XAGUSD. Professional traders may think it is a little conservative, however, inexperienced traders are not advised to use high trading leverage in case of heavy fund losses.

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Spreads & Commissions

The standard commission for the ECN stream is $32.5 per million (bilateral), and for the DMA stream is $30 per million (round turn).

Trading Platforms

Mt. Cook offers traders the most popular MT4 trading platform on the market today, as well as MT4 Mobile, MT4 Multi-Terminal, and the advanced Hybrid Multi-Terminal 2.0 trading platform. MT4 is the gold standard for online trading, with powerful charting tools, a large number of custom technical indicators, a large backtesting environment, support for automated trading via EA, and allows traders to create their own trading strategies that can help traders get ahead in the financial markets.

Deposit & withdrawal

Mt.Cook supports traders to deposit and withdraw funds to their investment accounts via wire transfer, Neteller, and China UnionPay.

Mt. Cook Cons

Mt. Cook Disadvantages Include:

1. Over-limit operation

2. High trading commissions

3. High minimum deposit requirements

4. Not rich in trading assets

5. Limited options to deposit & withdraw

User Reviews

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User comment

4

Comments

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?4023
more than one year
Honestly, Mt.Cook’s fees are higher than some other brokers, which can eat into profits over time. Customer service is not professional either, unwilling to help me fix problems.
2023-02-27 10:50
Reply
0
0
ABCD40692
more than one year
So far I think that the service provided by this company is satisfactory for me. Their transaction cost is within a reasonable range, and I tend to choose a platform that provides MT4 services when I trade, and Mt.Cook satisfies this point. But i saw wrong information on wikifx website, i got a bit scared and i was thinking to withdraw all my money.
2022-11-27 14:31
Reply
0
0
FX1043926520
more than one year
They are my business partners. I am very grateful for their customer service. They always help me solve my problems friendly and professionally. If not them, I can’t gain any profits. Thanks a lot!
2022-11-24 18:42
Reply
0
0
BUDDY
more than one year
Opening a real trading account seems unfriendly to most regular traders, from $500. My experience trading with its demo account is not that good, spreads can be very wide sometimes, extremely unstable… For me, I am not an impressed client of this platform. and I guess I won’t register a trading account here.
2022-11-24 15:02
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0
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