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1-2 yearsSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
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Regulatory Index0.00
Business Index4.14
Risk Management Index0.00
Software Index7.73
License Index0.00
No valid regulatory information, please be aware of the risk
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Company Name
Cermak LLC
Company Abbreviation
CERMAK
Platform registered country and region
United States
Company website
Company summary
Pyramid scheme complaint
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| CERMAKReview Summary | |
| Founded | 2024-01-16 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Forex, CDFs(on Forex/Commodities/Stocks/Indices/Metals) |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | As low as 0 |
| Trading Platform | MT5(Windows, Mac, iOS, Android) |
| Min Deposit | $50 |
| Customer Support | Phone: +995 593372411 |
| Email: contact@cermakfx.com | |
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 | Cons |
| 24/5 support | Unregulated |
| Various instruments: Forex, CDFs on different assets | Can't open the official website |
| MT5 available | |
| Demo account available | |
| Leverage up to 1:500 |
CERMAK is not regulated, which makes it less safe than regulated brokers.
Traders can choose different investment directions because the broker provides forex and CDFs on commodities, stocks, indices, and metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs on indices | ✔ |
| Commodities CFDs | ✔ |
| CFDs on stocks | ✔ |
| CFDs on metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
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.
| Account Type | Standard STP | ECN |
| Maximum Leverage | 1：500 | - |
| Minimum Spread | 0.8 pip | 0.0 pip |
| Minimum Deposit | $50 | - |
| Commission | $0 | $3 |
The spread starts from 0.1 pips, and the Standard STP account is commission-free.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
CERMAK has an authoritative MT5 trading platform for Windows, Mac, iOS, and Android to trade. Compared with MT4, experienced traders prefer MT5.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Windows, Mac, iOS, Android |
Theminimum deposit of a Standard STP account is $50. However, due to the closed official website, transfer processing times and associated fees are unknown.
CERMAK provides 24/5 customer support, and traders can contact the broker via phone and email.
| Contact Options | Details |
| Phone | +995 593372411 |
| contact@cermakfx.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Bonovo Road, Fomboni, lsland of Mohéli, Comoros Union |
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2024-08-06 10:49
