CINDA SECURITIES Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-15 16:37

Abstract：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.

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

CINDA SECURITIESReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, Cryptocurrencies and Indices
Demo Account	❌
Leverage	Up to 1:400
Spread	From 0.1 pips
Trading Platform	MetaTrader 5
Min Deposit	$100
Customer Support	Email: @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

Pros	Cons
MT5 support	No legal regulation
Micro accounts offered	No 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 However, this license has been revoked, and even whether it was ever regulated by ASIC is questionable.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 Status	Revoked
Regulated by	Australia Securities & Investment Commission
Licensed Institution	CINDA SECURITIES PTY LTD
Licensed Type	Appointed Representative (AR)
Licensed Number	001291102

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 Instruments	Supported
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 Type	Min 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.