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No Regulation
Score
1.35 /10
Danger
Corex Market
Within 1 yearSuspicious Regulatory License
cTrader
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index3.95
Risk Management Index0.00
Software Index5.56
License Index0.00
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Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Corex Market Review Summary | |
| Founded | 2023 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | Digital Assets, Forex, Commodities and ETFs, Stocks and Indices |
| Demo Account | ✅ |
| Leverage | 1:100 |
| EUR/USD Spread | From 1.5 pips |
| Trading Platform | cTrader |
| Copy Trading | ✅ |
| Min Deposit | $100 |
| Customer Support | Live chat: 7/24 |
| Tel: +971 1000000 | |
| Email: info@corexmarket.com; support@corexmarket.com | |
| Instagram: https://www.instagram.com/corexfinances/ | |
Corex Market is a financial broker registered in the United Arab Emirates in 2023. It offers trading on forex pairs, commodities, indices, cryptocurrencies, and stocks via the cTrader platform and provides four kinds of accounts with minimum deposit set at $100. However, Corex Market lacks a legal license from any official financial authority.
Pros and Cons
| Pros | Cons |
| Various trading choices | No regulation |
| Demo accounts | No MT4/5 |
| Commission-free accounts offered | Limited payment options |
| cTrader trading platform | |
| Copy trading | |
| 24/7 live chat support |
Is Corex Market Legit?
Corex Market, an unregulated financial service provider with no legal regulatory license, should be avoided. In addition, the domain of this broker was registered on August 26, 2023, and will expire on August 26, 2033, with the latest update on April 7, 2024.
What Can I Trade on Corex Market?
Corex Market offers the following types of tradble instruments:
Forex pairs: EUR/USD...
Commodities: Precious Metals, corn, soybeans, sugar, cocoa, coffee, wheat...
Indices: Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500, US DJIA Index...
Cryptocurrencies: Bitcoin, Ethereum...
Stocks: Apple, Facebook, BHP Billiton...
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Corex Market offers four distinct types of live operating accounts, with minimum deposit requirements ranging from $100 to $10,000. Additionally, a free demo account is available for you to practice and familiarize with the platform.
| Account Type | Min Deposit |
| Standard | $100 |
| ECN | $300 |
| ECN PRO | $500 |
| VIP | $10,000 |
Leverage
The maximum leverage provided by Corex Market for all accounts is 1:100, which is relatively reasonable. However, you should not forget that Corex Market is not trustworthy, and it is advisable for you to choose the services of a legitimate, licensed broker.
Corex Market Fees
Corex Market offers different spreads for its different accounts. The standard account has spreads starting from 1.5 pips, which is not very competitive. You may want to consider choosing a regulated broker that offers more appealing spreads.
As for commissions, Corex Market charges a commission for ECN PRO and VIP accounts, reaching $7 and $5 respectively, which is relatively high. The other two account types are commission-free.
| Account Type | Spread | Commission |
| Standard | From 1.5 pips | ❌ |
| ECN | From 1 pip | $7 per lot |
| ECN PRO | From 0.1 pips | $5 per lot |
| VIP | From 0.1 pips | ❌ |
Trading Platform
Corex Market offers a cTrader for trading, with both web and app versions available. It claims to provide the functionality to copy the trading of experts, which can be useful for beginners. However, you should keep in mind that this broker lacks legal oversight.
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Web, Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Corex Market offers multiple methods for deposits and withdrawals, including local banks, the Top Change payment portal, and cryptocurrency wallets, which are available 24 hours a day. You can top up your account seven days a week.
When making a withdrawal, the minimum amount is $5 for all accounts, and you must use the same method that you used to make the deposit.
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