Who is CGX Capital?
CGX Capital is a foreign exchange and CFD broker that offers its services to traders around the world. The company is headquartered in London, UK and is regulated by the Financial Conduct Authority (FCA). CGX offers a wide range of currency pairs and CFDs on its MT4 platform, as well as a variety of account types and trading conditions.
What type of broker is CGX Capital?
CGX Capital is a CFD and Forex broker that offers its clients the MetaTrader 4 trading platform. The company is based in the Republic of Seychelles and is regulated by the Financial Services Authority (FSA).
CGX Capital offers a wide range of currency pairs, including major, minor, and exotic pairs. In addition to Forex trading, CGX Capital also offers CFD trading on a variety of assets, including commodities, indices, and stocks.
The minimum deposit for a live account is $500, and the minimum trade size is 0.01 lots. leverage up to 1:200 is available for Forex trading, and leverage up to 1:100 is available for CFD trading.
CGX Capital does not charge commissions on trades; instead, it makes money from spreads. Spreads start at 2 pips for major currency pairs and increase depending on the currency pair being traded and the account type.
CGXCapital.com is a reliable broker that is regulated by a reputable authority. The broker offers a wide range of assets to trade and provides its clients with a good platform to do so. The only downside is that spreads are not as competitive as some other brokers in the industry.
What are the pros and cons of using CGX Capital?
There are many reasons to consider using CGX Capital, as it is a reliable and reputable online broker. However, there are also some potential drawbacks to using this broker that should be considered.
The main advantage of using CGX Capital is that it is a very well-regulated broker. This means that your trading activities will be safe and secure, and you can be sure that you are getting a fair deal. The company is also transparent about its fees and charges, so you will know exactly what you are paying before you make any trades.
Another positive aspect of this broker is that it offers a variety of different trading platforms. This gives traders the flexibility to choose the one that best suits their needs and preferences. The downside of this is that some of the platforms may be more complex than others, which could make it more difficult for new traders to get started.
In terms of the cons of using CGX Capital, one potential drawback is that the company does not accept clients from all countries. This could limit your ability to trade with this broker if you are based in a country where it does not operate. Additionally, the spreads on some of the company’s platforms can be quite high, which could eat into your profits.
What do other traders think of CGX Capital?
When it comes to online trading, it’s always important to know what other traders think of the broker you’re considering. After all, they’re the ones who have first-hand experience with the company and can give you an idea of what to expect.
So, what do other traders think of CGX Capital?
Overall, the feedback is positive. Traders appreciate the variety of regulations that CGX Capital adheres to, as well as the different platforms that are available for trading. They also like the fact that there is a dedicated customer support team available to help with any issues that may arise.
The only negative comments we could find were in regards to the spreads offered by CGX Capital. Some traders felt that they were a bit on the high side when compared to other brokers. However, it’s important to remember that spreads can vary depending on market conditions and your own trading style.
All in all, it seems that CGX Capital is a popular choice among online traders and one that is definitely worth considering if you’re looking for a new broker.
How is CGX Capital regulated?
CGX Capital is a broker that is not regulated by any financial authority. However, it does follow the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. It is also a member of the ICF (Investment Compensation Fund), which protects client investments up to €20,000 in case the broker becomes insolvent.
The company offers two trading platforms – MetaTrader 4 and WebTrader. Both platforms are available in English and Russian.
MetaTrader 4 is one of the most popular trading platforms in the world. It offers a wide range of features and tools for both beginners and experienced traders. WebTrader is a simple platform that is easy to use and doesn’t require any installation.
CGX Capital offers a wide range of assets for trading, including currency pairs, stocks, indices, commodities, and CFDs. The leverage is up to 1:500 and the minimum deposit is $100. The spreads are floating and start at 0 pips on EUR/USD.
The company provides 24/7 customer support through live chat, email, or phone.
What platforms does CGX Capital offer?
In addition to the web-based trading platform, CGX Capital offers mobile trading apps for both Android and iOS devices. The company also has a presence on social media networks such as Facebook, Twitter, and LinkedIn.
The web-based trading platform is user-friendly and features a variety of tools and indicators. It is also possible to trade forex, CFDs, and futures on the platform. The mobile trading apps offer all the same features as the web-based platform but are more convenient for those who want to trade while on the go.
CGX Capital is regulated by the Financial Conduct Authority (FCA) in the UK and by the Cyprus Securities and Exchange Commission (CySEC). The company is also a member of the Investor Compensation Fund (ICF), which provides protection for investors in case of broker default.
Conclusion
Overall, CGXCapital.com is a reliable and trustworthy broker that offers a wide range of assets for its clients to trade in. The company has been around for quite some time now and has managed to build up a good reputation among both experienced and inexperienced traders. The only drawback of this broker is that it does not offer demo accounts, which might be off-putting for some potential clients. However, if you are looking for a reliable and well-regulated broker with a wide range of assets to trade in, then CGXCapital.com might be the right choice for you.