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Score

1.50 /10
Danger

CINDA SECURITIES

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.cinda-securities.com

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Score

Regulatory Index0.00

Business Index6.91

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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40G

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Regulatory disclosure

Warning

HK SFC
2020-12-31
List of Unlicensed Companies and Suspicious Websites
CINDA SECURITIES

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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CINDA SECURITIES · Company summary

Note: CINDA SECURITIES's official website: https://www.cinda-securities.com is currently inaccessible normally.

CINDA SECURITIESReview Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsForex, Cryptocurrencies and Indices
Demo Account❌
LeverageUp to 1:400
SpreadFrom 0.1 pips
Trading PlatformMetaTrader 5
Min Deposit$100
Customer SupportEmail: @cinda-securities.com

CINDA SECURITIES is an unregulated broker registered in the United Kingdom. It supports trading through MT5 and offers three types of market instruments with leverage up to 1:400 and spreads starting from 0.1 pips.

Pros and Cons

ProsCons
MT5 supportNo legal regulation
Micro accounts offeredNo demo accounts
Fake license
Limited contact channels
Unavailable website

Is CINDA SECURITIES Legit?

CINDA SECURITIES claims to hold a license issued by the Australian Securities & Investments Commission (ASIC) with the license number 001291102. However, this license has been revoked, and even whether it was ever regulated by ASIC is questionable.

In addition, CINDA SECURITIES is a cloned company. Its name is similar to a legitimate Chinese company (Cinda International). The following image is the regulatory statement of Cinda Securities on their official website. In fact, this regulatory information actually belongs to that Chinese company.

Regulatory StatusRevoked
Regulated byAustralia Securities & Investment Commission
Licensed InstitutionCINDA SECURITIES PTY LTD
Licensed TypeAppointed Representative (AR)
Licensed Number001291102
Revoked ASIC license

What Can I Trade on CINDA SECURITIES?

CINDA SECURITIES offers three types of trading instruments: forex, indices, and cryptocurrencies. While the choices are diverse, since CINDA SECURITIES is a cloned broker, you'd better avoid engaging in any trading activities with it.

Tradable InstrumentsSupported
Forex✔
Commodities❌
Indices✔
Cryptocurrencies✔
Securities❌
Mutual Fund❌
Futures❌

Account Type

Since CINDA SECURITIES's official website is unavailable, the specific accounts provided by CINDA SECURITIES remain unknown. However, after investigation, we can find out that it offers micro accounts and standard accounts with minimum deposits of $10 and $100 respectively.

Account TypeMin Deposit
Micro Account$10
Standard Account$100

Leverage

CINDA SECURITIES provides a maximum leverage of up to 1:400, granting traders the potential to magnify their positions by 400 times the initial capital. However, high leverage also brings high risks.

Trading Platform

CINDA SECURITIES claims to offer trading through the MT5 platform. However, since it is an illegitimate entity, it is highly likely that CINDA SECURITIES does not have legal access to MT5.

Trading PlatformSupportedAvailable Devices
MT4❌/
MT5✔Phone and computer
cTrade❌/

Deposit and Withdrawal

CINDA SECURITIES has not specified which deposit methods it accepts.

User Reviews

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User comment

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Comments

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Yuri2
more than one year
CINDA SECURITIES offers a mediocre experience. The platform's interface is outdated, lacking user-friendly features. Customer support is responsive but somewhat scripted. While investment options are decent, technical glitches and a less-than-swift resolution process leave room for improvement. Competitive fees, but better alternatives are available.
CINDA SECURITIES offers a mediocre experience. The platform's interface is outdated, lacking user-friendly features. Customer support is responsive but somewhat scripted. While investment options are decent, technical glitches and a less-than-swift resolution process leave room for improvement. Competitive fees, but better alternatives are available.
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2023-12-19 19:43
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世伟
more than one year
I want to share my trading experience with this broker. I had a question asking why the balance on my account did not match my MT5 account and was told my profit would show after I withdraw my opening balance....huh! Why it can't show the balance on the account makes no sense to me. I don’t think CINDA SECURITIES is a professional broker.
I want to share my trading experience with this broker. I had a question asking why the balance on my account did not match my MT5 account and was told my profit would show after I withdraw my opening balance....huh! Why it can't show the balance on the account makes no sense to me. I don’t think CINDA SECURITIES is a professional broker.
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2023-03-24 13:45
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