What is Cinpax.com?
Cinpax.com is a website that claims to be a forex broker. However, there is no information about the company behind the website and it is not regulated by any financial authority. The website does not provide any contact information other than an email address.
The website offers a free demo account and a live account. The minimum deposit for a live account is $250 and the leverage is up to 1:500. The spreads are variable and start at 0.0 pips. The website does not charge any commissions.
The payment methods accepted by Cinpax are credit/debit cards, bank wire transfer and e-wallets such as Skrill and Neteller. The withdrawal process takes up to 3 business days.
Cinpax provides support through live chat, email and phone. The customer service hours are 24/5.
How Does Cinpax.com Work?
Cinpax.com is a forex broker that offers online trading in currency pairs, commodities, and CFDs. Traders can use the MetaTrader 4 platform to access their account and place trades. The company is owned by Cinmax Media Ltd and is headquartered in St. Vincent and the Grenadines.
The company offers two account types: a standard account and a VIP account. The standard account requires a minimum deposit of $500 and gives traders access to leverage of up to 1:200. The VIP account requires a minimum deposit of $25,000 and gives traders access to leverage of up to 1:500.
Both accounts give traders access to the MetaTrader 4 platform, 24/7 customer support, free education resources, and a personal account manager. The VIP account also comes with preferential treatment, faster withdrawals, and higher leverage.
To open an account with Cinpax.com, traders must complete an online registration form and submit supporting documentation such as proof of identity and proof of address. Once the documents have been verified, traders will be able to fund their account via credit/debit card or bank wire transfer and start trading.
The Pros and Cons of Using Cinpax.com
Cinpax is a popular online forex broker that offers its services to traders from all over the world. The broker has been in operation since 2020 and is headquartered in Estonia.
The Pros:
1) Cinpax offers a wide range of currency pairs and CFDs to trade.
2) The broker provides its clients with advanced trading platforms, including the MetaTrader 4 (MT4), WebTrader, and mobile trading apps.
3) Cinpax offer 24/5 customer support via live chat, email, and telephone.
4) The broker is regulated by the Estonian Financial Supervisory Authority (EFSA).
The Cons:
1) Cinpax has a high minimum deposit requirement of $500.
2) The broker charges high fees and commissions on trades.
Is Cinpax.com a Legit or Scam Forex Broker?
Cinpax.com is a newly launched online forex broker that has been making waves in the industry with its innovative platform and trading conditions. However, there are some who are wondering if Cinpax.com is a legit or scam forex broker.
To help you decide if Cinpax.com is the right broker for you, we have put together this comprehensive review that covers everything from the company’s background to its trading platform and account types.
So, without further ado, let’s dive right in and find out everything there is to know about Cinpax.com!
Conclusion
Cinpax.com is a forex broker that offers trading in a wide range of currencies, including major and minor pairs. The company is based in the Seychelles and is regulated by the Financial Services Authority (FSA). Cinpax.com offers a variety of account types, including mini, standard, and VIP accounts. The minimum deposit for a mini account is $250, while the minimum deposit for a standard account is $10,000. VIP accounts require a minimum deposit of $100,000. Cinpax.com offer leverage up to 1:500 and spreads from 0.0 pips on the ECN account type.