- CPT Markets UK Pros and Cons
- Is CPT Markets UK Safe or a Scam?
- Leverage
- Fees
- Spread
- Deposits and Withdrawals
- Trading Platform
- Conclusion
Our Review Method
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about CPT Markets UK.
What is CPT Markets UK?
CPT Markets UK is a UK-based Forex and CFD trading firm that offers a range of financial derivatives including Equities, Futures, Options, Forex, and CFDs to both individual and institutional traders.
Based on our research, the company is authorized and regulated by the Financial Conduct Authority (FCA) in the UK and also carries licenses from the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Belize.
As we found, with 15 years of experience in the industry, CPT Markets UK provides customized solutions for retail traders as well as specialized conditions for institutional traders, focusing on reliability and delivering high-performance services.
CPT Markets UK Pros and Cons
After conducting an analysis, we have identified both pros and cons to consider when selecting CPT Markets UK as your broker. On the positive side, the broker offers Straight Through Processing (STP) execution and a fee structure based on spreads, which can be beneficial for traders. It also provides a wide range of trading instruments and popular MT4 and MT5 trading platforms.
For the cons, the trading conditions may vary depending on the specific entity you are dealing with, which could potentially affect your trading experience. Additionally, customer support is not available 24/7, which may be inconvenient for some traders. Moreover, the availability of educational materials may be limited depending on the entity you and the country you are registered in.
Advantages | Disadvantages |
---|
FCA regulation and oversee | No 24/7 customer support |
Competitive spreads | Limited educational materials |
MetaTrader trading platforms | Trading conditions might vary based on the entity |
Available for UK, South African, and international traders | |
Institutional trading | |
STP execution | |
CPT Markets UK Review Summary in 10 Points
🏢 Headquarters | UK |
🗺️ Regulation and License | FCA, FSCA, FSC |
📉 Instruments | Forex, CFDs, Futures, Options, Equities, Commodities, Indices, Stocks, Crypto CFDs |
🖥 Platforms | MT4, MT5 |
💰 EUR/USD Spread | 1.8 pips |
🎮 Demo Account | Provided |
💰 Base currencies | EUR, GBP, USD |
💳 Minimum deposit | $100 |
📚 Education | Research tools, analysis |
☎ Customer Support | 24/5 |
Overall CPT Markets UK Ranking
Per our findings, we have a positive ranking for the broker due to its regulation, wide range of trading products, secure trading platforms, and competitive pricing for trading services.
- CPT Markets UK Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
Ranking | CPT Markets UK | Varianse | Blackwell |
---|
Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
Advantages | Trading Conditions | Spreads | Financial Products |
CPT Markets UK Alternative Brokers
Although the broker offers competitive pricing and trading conditions, it faces competition from other brokers in the market that provide similar or even better services based on personal preference. Therefore, we have compiled a list of the broker’s main competitors that you may want to take into account:
Is CPT Markets UK Safe or Scam?
No, CPT Markets UK is not a scam. The company is regulated by the top-tier authority FCA and delivers strictly legal financial services.
Is Varianse Legit?
Yes, CPT Markets UK is a legit and regulated broker.
Compliance with the regulatory requirements set by FCA enhances the safety and confidence of traders who choose to trade with CPT Markets UK.
See our conclusion on CPT Markets UK Reliability:
- Our Ranked CPT Markets UK Trust Score is 8 out 0f 10 for the good reputation and services provided. However, trading services are available in an offshore zone as well.
CPT Markets UK Strong Points | CPT Markets UK Weak Points |
---|
Segregated accounts | None |
Funds protection | |
Negative balance protection | |
Compensation scheme | |
How Are You Protected?
CPT Markets’ each customer is covered by the Financial Services Compensation Scheme (FSCS) that guarantees clients’ funds up to 50,000 GBP in the unlikely event. Also, funds are always kept separately from the company’s actives, which means cannot be used for operational purposes, making money management a transparent system. Moreover, along with money protection, the broker applies negative balance protection that ensures the clients’ safety not exceeding losses more than the available balance.
Leverage
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, have a comprehensive understanding of how it operates and its potential consequences before engaging in any trading activities that involve leverage.
CPT Markets leverage is offered according to FCA, FSCA, and FSC regulations:
- UK traders are eligible to use low leverage up to 1:30 for major currency pairs and 1:10 for Commodities.
- International entity clients can use leverage up to 1:500 for professional trading.
Account Types
According to our findings, the UK entity’s traders have the option to select between Individual and Corporate account types. However, you should verify the specific entity of CPT Markets that you are trading under, as different jurisdictions can have varying obligations and potentially provide slightly different trading conditions.
Additionally, new traders can choose a Demo account for free, allowing them to practice trading and make trial trades to test the strategies.
Pros | Cons |
---|
Fast account opening | Account conditions may vary according to regulation |
Demo account | |
Various account base currencies | |
How to Open CPT Markets UK Live Account?
Opening an account with a broker is quite easy. You can open an account within minutes. Follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Open an Account” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by upload of documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
Trading Instruments
Per our research, the broker provides a diverse selection of financial products including 100 Forex pairs, CFDs, Indices, Stocks, Commodities, Equities, Futures, and Options. However, the availability of trading instruments might vary depending on the entity, so it is recommended to thoroughly research the range of available options.
- CPT Markets UK Markets Range Score is 8.9 out of 10 for wide trading instrument selection. However, the financial instruments availability is different based on entity rules.
CPT Markets UK Fees
The fees and pricing of the broker as we found are mainly built into a spread with no commission. There is no imposition of any hidden fees, no charges for opening, closing, or inactivity of accounts, as well as deposit and withdrawal fees. However, you should consider an overnight policy that applies in case the trading order is held for longer than a day. In this case, a rollover fee, swap, or overnight fee will apply to the position.
- CPT Markets UK Fees are ranked low or average with an overall rating of 8 out of 10 based on our testing and compared to over 500 other brokers for all fees applied.
Fees | CPT Markets UK Fees | Varianse Fees | Blackwell Global Fees |
---|
Deposit fee | No | No | No |
Withdrawal fee | No | Yes | No |
Inactivity fee | No | No | Yes |
Fee ranking | Low/Average | Low/Average | Average |
Spreads
Based on our test trade, the broker provides competitive floating spreads with an average spread of 1.8 pips for the widely-traded EUR/USD currency pair in the Forex market. Additionally, the broker provides competitive spreads for all major currency pairs and other popular trading instruments too. However, the trading conditions might differ depending on the entity, so do your research to understand the specific spread conditions that are in place.
- CPT Markets UK Spreads are ranked average with an overall rating of 7.5 out of 10 based on our testing comparison to other brokers. Although we found Forex spread is slightly higher than the industry average of 1.2 pips, the spreads for other instruments are competitive.
Asset/ Pair | CPT Markets UK Spread | Varianse Spread | Blackwell Global Spread |
---|
EUR USD Spread | 1.8 pips | 1 pips | 2 pips |
Crude Oil WTI Spread | 5 | 0.05 | 5 |
Gold Spread | 40 | 0.02 | 32 |
Deposits and Withdrawals
CPT Markets UK and its global entities, as a majority of brokers offer the most common payment methods and support funding and withdrawals through card payments, wire bank transfers, and e-wallets like Skrill, and Neteller.
- CPT Markets UK Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and also you can benefit from various account-based currencies.
Here are some good and negative points for CPT Markets UK funding methods found:
CPT Markets UK Advantage | CPT Markets UK Disadvantage |
---|
Fast digital deposits | Fees and conditions may vary according to entity rules |
Popular funding methods | |
Multiple account base currencies | |
CPT Markets UK Minimum Deposit
To open a live trading account with the broker, you need to deposit $100 as an initial deposit amount for a Standard account, which is considered a good offering overall.
CPT Markets UK minimum deposit vs other brokers
|
CPT Markets UK |
Most Other Brokers |
Minimum Deposit |
$100 |
$500 |
CPT Markets UK Withdrawals
The commission and transaction fees for withdrawals, involving card deposits and transfers do not incur any charges from the company for both deposits and withdrawals. Yet, you should always check with your payment provider in case any fees are waived from your side.
How Withdraw Money from CPT Markets UK Step by Step:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with necessary requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
Trading Platforms
In terms of trading software, CPT Markets offers a market-leading and industry-known platform MetaTrader 4 for UK entity traders. The platform features the most important trading needs, without making confusion about numerous expensive tools as very known for its customer-friendly design. Also, the MT4 platform is accessible through either PC or Mobile Phone thanks to its Applications suitable for all devices.
For traders associated with international entities, CPT Markets also provides the option to trade using MetaTrader 5.
- CPT Markets UK Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers the popular MT4 and MT5 professional trading platforms.
Platforms | CPT Markets UK Platforms | Varianse Platforms | Blackwell Platforms |
---|
MT4 | Yes | Yes | Yes |
MT5 | Yes | No | Yes |
cTrader | No | Yes | No |
Own Platform | No | No | No |
Mobile Apps | Yes | Yes | Yes |
Trading Tools
The broker offers a range of trading tools that include advanced charting features, an economic calendar, technical indicators, analytical charting tools, time frames, and more. Additionally, the trading platforms facilitate automated trading using Expert Advisors (EAs) and algorithmic trading.
Customer Support
Broker’s customer support is available 24/5 through Email and Phone. We found that CPT Markets has a team of experienced trading specialists who are available to help clients with various issues. These include technical problems, market analysis advice, general inquiries, and operational concerns.
- Customer Support in CPT Markets UK is ranked good with an overall rating of 7.5 out of 10 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days.
See our find and ranking on Customer Service Quality:
Pros | Cons |
---|
Phone lines and email | No 24/7 customer support and live chat |
Quick response and relevant answers | |
CPT Markets UK Education
Lastly, we noticed that the broker does not have a dedicated education section on its UK entity website. This lack of educational support can be seen as a drawback since comprehensive resources are crucial for the development and enhancement of traders’ skills. While CPT Markets’ international website provides an Economic calendar, market news, and financial articles, these resources may not be sufficient for individuals seeking a more extensive educational experience.
However, the broker offers a demo account option, which allows traders to practice their trading strategies without risking real money.
- CPT Markets UK Education ranked with an overall rating of 6.5 out of 10 based on our research. For beginners, we recommend obtaining educational resources from established and reputable brokers.
CPT Markets UK Review Conclusion
In conclusion, CPT Markets UK is a well-regarded Forex trading broker that caters to the needs of both retail and institutional traders. The presence of widely-used trading platforms like MT4 and MT5 guarantees a trading experience that is both comprehensive and packed with advanced features. Moreover, the broker is regulated by the reputable FCA, providing traders with a sense of security and trust.
The STP execution model offered by CPT Markets allows for diverse investment opportunities, accommodating traders of varying expertise and trading styles. However, the broker’s website lacks comprehensive educational materials, which may be a disadvantage for those seeking educational resources. Additionally, the absence of 24/7 customer support is a limitation that traders should consider.
While the broker offers secure and competitive trading conditions, it is recommended to conduct thorough research to ensure it aligns with your specific trading needs. You should evaluate the broker’s regulations, fees, spreads, and customer reviews before making a decision.
Based on Our findings and Financial Expert Opinions CPT Markets UK is Good for:
- Traders from the UK
- Traders from South Africa
- International trading
- CFD and currency trading
- Traders who prefer the MT4 and MT5 platforms
- Beginners
- Advanced traders
- Institutional trading
- Derivatives trading
- STP/NDD execution
- Copy Trading
- Competitive spreads
- EA/Auto trading
- Good trading tools
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