Concord Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-10 18:50

Abstract：Established in 2023 and with headquarters in Malaysia, Concord Markets acts as a regulated broker under the Labuan FSA. Using its MetaTrader 5 platform, Concord provides good trading conditions with an eye toward Forex, indices, and commodities.

　　Note: Concord Marketss official website: https://www.cdgmarket.com/ is currently inaccessible normally.

Concord Markets Review Summary
Founded	2023
Registered Country/Region	Malaysia
Regulation	Labuan FSA (License No. MB/20/0047)
Market Instruments	Forex, Commodities, Indices
Demo Account	✅
Leverage	Up to 1:100
Spread	Raw spreads
Trading Platform	MetaTrader 5 (MT5)
Min Deposit	$100
Customer Support	Email: support@cdgmarket.com

Concord Markets Information

　　Established in 2023 and with headquarters in Malaysia, Concord Markets acts as a regulated broker under the Labuan FSA. Using its MetaTrader 5 platform, Concord provides good trading conditions with an eye toward Forex, indices, and commodities.

Pros and Cons

Pros	Cons
Regulated under Labuan FSA	Offshore regulation
Advanced MetaTrader 5 trading platform	Limited account types
Competitive raw spreads	Newly established broker
Demo account available	Limited customer support options

Is Concord Markets Legit?

　　Yes, Concord Markets is a legitimate broker. In Malaysia, it is under control by Labuan Financial Services Authority (Labuan FSA). The licensing type is Straight Through Processing (STP), with license number MB/20/0047.

What Can I Trade on Concord Markets?

　　Concord Markets serves different trader tastes by providing a wide spectrum of financial instruments.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	✔
CFDs	✔
Indices	✔
Stocks	✔
ETFs	❌

Account Types

　　Two account forms are offered by Concord Markets: Classic and Pro, each suited for varying degrees of trading experience.

Account Type	Spread	Leverage	Commission	Min Deposit	Suitable For
Classic	Raw spreads	Up to 1:100	$6 USD	$100	Beginner and moderate-level traders
Pro	Raw spreads	Up to 1:100	$4 USD	$2,000	Experienced traders

Leverage

　　Concord Markets lets traders multiply their bets by providing leverage of up to 1:100. Leverage increases possible earnings but also increases risk, hence prudent money management is very important.

Concord Markets Fees

　　Based on the kind of account, Concord Markets charges raw spreads and a set commission.

Account Type	Spread	Commission
Classic	Raw spreads	$6 per trade
Pro	Raw spreads	$4 per trade

Non-Trading Fees

Non-trading Fees
Deposit Fee	Free (Intermediary bank fees may apply)
Withdrawal Fee	Not mentioned
Inactivity Fee	$500 per inactive quarter (charged after 3 months of inactivity)

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
MetaTrader 5	✔	iOS, Android, Windows, Mac	Traders requiring advanced tools and automation

Deposit and Withdrawal

　　Concord Markets lets regular banking channels be used for deposits and withdrawals. The kind of the account determines the minimum deposit required.

　　Deposit Options