Min. Deposit: $100
Platforms: MT5, cTrader
Found in: 2017
- Conotoxia Ltd. - authorized by CySEC (Cyprus) license no 336/17
Min. Deposit: $100
Platforms: MT5, cTrader
Found in: 2017
Conotoxia is a multi-use financial platform that provides various services such as global Forex trading and investing, currency exchange, for US clients money transfers, and other financial solutions. The firm offers a wide range of financial instruments in different asset classes including Forex, CFDs, Stocks, Shares, ETFs, Futures, Commodities, Indices, Precious Metals, Energies, and Cryptocurrencies.
Based on our research, the company is associated with Cinkciarz.pl, a Polish company, known for its online currency exchange services. The trading services are regulated and authorized by the reputable European regulatory body CySEC.
Per our findings, the firm has both advantages and potential drawbacks. On the positive side, Conotoxia offers advanced MT5 and cTrader trading platforms, providing access to a variety of trading products. Additionally, the company offers competitive exchange rates, allowing users to execute trades at favorable terms. The platform also provides comprehensive educational materials and resources.
For the cons, there is no 24/7 customer support available. Additionally, the firm lacks a top-tier license, which could be a concern for traders who prioritize brokers with higher regulatory credentials. However, trading under CySEC is considered safe enough.
|European license and oversee
|No 24/7 customer support
|No top-tier license
|Good education and research
|Advanced trading platforms
|Low minimum deposit
|Forex, CFDs, Stocks, Shares, ETFs, Futures, Commodities, Indices, Precious Metals, Energies, Cryptocurrencies
|💰 EUR/USD Spread
|🎮 Demo Account
|💳 Minimum deposit
|💰 Base currencies
|EUR, USD, GBP, PLN
|☎ Customer Support
According to our analysis, Conotoxia is known for its reliable financial services and extensive range of trading products. However, we recommend considering the specific trading needs, preferences, and potential limitations of the platform before making a decision.
After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted an analysis and compiled a list of potential broker alternatives to Conotoxia.
No, Conotoxia is not a scam. It is authorized by the well-regarded Cyprus Securities and Exchange Commission (CySEC). This regulatory authority imposes strict rules and regulations to ensure high standards in the financial industry.
Yes, Conotoxia is a legitimate brokerage firm for traders looking to invest and manage their assets. Compliance with the regulatory rules set by the European authority enhances the safety and confidence of traders who choose to trade with the firm.
Additionally, the company does not offer services in offshore zones, emphasizing its commitment to operating within a regulated jurisdiction and providing transparency to traders.
See our conclusion on Conotoxia Reliability:
|Conotoxia Strong Points
|Conotoxia Weak Points
|Investors Compensation Fund (ICF)
|Negative Balance Protection
|Professional trading environment
According to our findings, Conotoxia implements various measures to protect its trading accounts. These typically include regulatory oversight, and ensuring compliance with applicable rules and regulations. The company also maintains fund protection mechanisms to keep client funds separate from the broker’s operational funds.
However, we suggest conducting thorough research, including reading user reviews and considering other factors, to assess the firm’s reputation and legitimacy.
Leverage is a valuable tool that allows traders to enter the market with limited capital. However, you should understand that it can result in substantial gains or losses. Therefore, traders must have a comprehensive understanding of how leverage operates and its potential consequences before engaging in any trading activities involving leverage.
Conotoxia leverage is offered according to CySEC regulation:
Per our research, the firm offers different account types to cater to the varying needs of traders, such as Standard STP, Basic STP, Advanced STP, and Algo STP accounts. This range allows investors to choose accounts that align with their financial goals and preferences.
|Variety of accounts
|Low minimum deposit
Opening an account with a broker is quite an easy process, as you can log in and register with Conotoxia within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:
Conotoxia provides access to a diverse range of trading instruments, such as Conotoxia Forex, CFDs, Stocks, Shares, ETFs, Futures, Commodities, Indices, Precious Metals, Energies, and Cryptocurrencies.
The broker enables traders to diversify their portfolios and participate in various markets according to their individual preferences and trading strategies.
After examining the firm’s fee offering, we found that Conotoxia’s fee structure varies depending on the specific financial services offered, such as currency exchange, money transfers, and trading activities. The firm applies fees for financial trading, which include spreads on trades. Additionally, currency exchange services involve fees or a margin incorporated into the exchange rates provided.
Based on our test trade, the company provides competitive spreads, with an average spread of 0.1 pips for the EUR/USD currency pair in the Forex market.
However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact customer support for detailed information on the spreads they offer for specific instruments and account types.
|EUR USD Spread
|Crude Oil WTI Spread
Per our research, Conotoxia Pay offers a variety of funding methods for traders to deposit funds into trading accounts including bank transfers, credit/debit cards, and electronic payment systems. However, some payment methods may have specific requirements or restrictions depending on the client’s bank or other financial institutions involved.
Here are some good and negative points for Conotoxia funding methods:
|Variety of funding methods
|Fast digital deposits
To initiate a live trading account with the firm, traders are required to make an initial deposit of $100.
Conotoxia minimum deposit vs other brokers
|Most Other Brokers
Based on our analysis, the firm facilitates withdrawals through various methods, including bank transfers and credit/debit cards Withdrawal requests are processed during specific hours, from 8:00 to 16:00 CET time. Requests submitted after this timeframe will be processed on the next business day.
To initiate a withdrawal fund from your trading account, the firm provides a set of typical steps that can be followed:
Conotoxia offers traders the flexibility to engage in the financial markets through popular trading platforms such as MT5 and cTrader. These platforms are renowned for their user-friendly interfaces, advanced charting tools, and efficient trade execution.
Additionally, the platforms are accessible on desktops, mobile devices, tablets, and web browsers, offering users a versatile and convenient trading experience across various devices.
We found that the platforms provide traders with a suite of trading tools designed to enhance their analytical capabilities and decision-making. These tools include advanced charting features, technical analysis indicators, risk management tools, economic calendars, news feeds, and other resources to empower users in executing informed trades across different financial markets.
The broker offers 24/5 customer support via email, phone line, and Skype. Additionally, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
See our find and ranking on Customer Service Quality:
|Supportive customer service
|No 24/7 customer support and live chat
In the end, the firm prioritizes client education by offering a range of educational resources and materials, such as tutorials, webinars, and articles to help users understand trading concepts and enhance their skills.
In conclusion, Conotoxia is a trustworthy financial services provider with competitive trading conditions, comprehensive educational resources, and a range of trading instruments. Additionally, the availability of popular trading platforms like MT5 and cTrader contributes to a versatile trading experience.
Overall, we found that the firm provides a good financial and trading environment, however, we advise conducting your research and evaluating whether the company’s offerings suit your specific trading requirements.
Based on Our findings and Financial Expert Opinions Conotoxia is Good for:
No news available.