CDG Market

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