CERMAK

CERMAK Information

CERMAK is a broker. The tradable instruments, with Standard STP and ECN accounts with a maximum leverage of 1:500, include forex and CDFs on commodities, stocks, indices, and metals. The minimum spread is from 0.1 pip and the Standard STP's minimum deposit is $50. CERMAK is still risky due to its unregulated status, high leverage, and closed official website.

Pros and Cons

Is CERMAK Legit?

CERMAK is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on CERMAK?

Traders can choose different investment directions because the broker provides forex and CDFs on commodities, stocks, indices, and metals.

Account Type

CERMAK has two types of accounts: Standard STP and ECN. Traders who want low spreads can open an ECN account and those who prefer free commission choose the Standard STPaccount. Novice traders can also try a demo account first.

CERMAK Fees

The spread starts from 0.1 pips, and the Standard STP account is commission-free.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

CERMAK has an authoritative MT5 trading platform for Windows, Mac, iOS, and Android to trade. Compared with MT4, experienced traders prefer MT5.

Deposit and Withdrawal

Theminimum deposit of a Standard STP account is $50. However, due to the closed official website, transfer processing times and associated fees are unknown.

Customer Support Options

CERMAK provides 24/5 customer support, and traders can contact the broker via phone and email.