Conotoxia-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Conotoxia, a trading name of Conotoxia Ltd., provides CFD trading and investment services under the license (number 336/17), regulated by CySEC in Cyprus and supervised by KNF in regard to investment services provided in Poland. Conotoxia is an STP forex brokerage company founded in 2017, offering its clients from the European Union (EU) and European Economic Area (EEA) over 5,000 tradable financial instruments with flexible leverage up to 1:300, raw spreads from 0 pips and commission-free on the MetaTrader 5 and cTrader trading platform in a single smart account, as well as 24/5 customer support service.

Market Instruments

Conotoxia advertises that it offers more than 5,000 instruments across 9 asset classes, including forex currencies, EIF, single stocks, indices, metals, energies and cryptocurrencies. Traders can also get Direct Market Access to Stocks and ETFs.

Services

Also, Conotoxia claims to provide its clients with multiple financial services, which include but are not limited to money transfer and currency exchange services, issuance of a Visa Card and withdrawals from any ATM, API & Hedging, an opportunity to transfer your account from another broker, and a convenient Conotoxia Wallet (ConoPay).

Account Types

Apart from demo accounts, it seems that only a single smart account is offered by Conotoxia. Opening a forex account requires the minimum initial deposit amount of $/€/£100 or PLN 400.

Leverage

The leverage at Conotoxia depends on the type of client categorization (Retail, Professional, or Experience). In particular, the Retail clients have the maximum leverage of 1:30, while the Experience clients have 1:100 and the Professional clients have 1:300. Likewise, leverage varies depending on different trading assets. For example, the maximum leverage on forex is 1:300, while CFDs on indices, commodities and gold have leverage of 1:100 and the cryptocurrencies with only 1:2. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

Conotoxia claims that the spreads from 0 pips and $0 commissions on indices.

Trading Platform Available

Platforms available for trading at Conotoxia are MetaTrader 5 and cTrader, in 4 versions each: desktop, web, tablet and mobile. The broker says that traders can gain access to a cTrader Web or Mobile demo account with 1000 on a virtual balance.

Traders who have experience with MetaTrader 4 are likely to find MetaTrader 5 to be a good choice. DMA (Direct Market Access) on Stocks & ETFs with 0 long swaps, along with thousands of other instruments, such as indices, energies, currencies, metals, single shares, ETF CFDs, and cryptos. You can test your trading robots on demo charts and take advantage of one-blink execution.

CTrader offers cutting-edge trading tools and analytical solutions to those seeking cutting-edge trading tools. Hundreds of assets are available for CFD trading, including Gold, Euro, Brent, Bitcoin, and many others. Using cTrader, you can create your own bots, add custom indicators, and activate Breakeven Stop Loss. The Level II Market Depth widget and 65 pre-installed indicators will help you level up your market analysis.

Deposit & Withdrawal

Conotoxia says to work with three different payment methods, consisting of bank transfers, onotoxia Pay and Dotpay. The minimum initial deposit requirement is said to be $/€/£100 or PLN 400. Bank transfers are free of charge, but their execution time depends on the banks and can usually take up to 1-5 working days to reach your account. While withdrawal with onotoxia Pay and Dotpay may incur some additional fees.

Customer Support

Conotoxias customer support can be reached by telephone: +357 250 300 46, +48 224 639 988, email: support@cy.conotoxia.com or live chat. Besides, you can also follow this broker on some social media platforms such as Twitter, Instagram, LinkedIn, YouTube and Telegram. Company address: Conotoxia Ltd. Chrysorroiatissis 11, 3032 Limassol (Cyprus); Conotoxia Ltd. Branch in Poland, Aleje Jerozolimskie 123A, ATLAS TOWER, 26th floor. 02-017 Warsaw (Poland).