Score

1.33 /10
Danger

CMTPRO

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index5.62

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

CMTPRO · Company summary
Basic Information
Registered Countries Saint Vincent and the Grenadines
Regulation No License
Minimum Deposit € / £ / $ 250
Maximum Leverage 1:500
Minimum Spread From 0.01 pips on the EUR/USD pair
Trading Platform Mobile Trader, WebTrader
Trading Assets Currencies, Commodities, Indices, Shares, Cryptocurrencies
Payment Methods N/A
Customer Support 5/24 customer support

General Information

CMTPRO seems to be an online forex broker providing access to a series of trading instruments including Currencies, Commodities, Indices, Shares, Cryptocurrencies. To start trading with this broker, $250 or the equivalent amount is required, and this broker boasts that the minimum spreads on the EUR/USD pair start from 0.01 pips.

When it comes to regulation, what you are gonna here may not be good news, for CMTPRO is not authorized or regulated by any regulatory authority, and thats why it receives a very low score of 1.05/10 on the WikiFX platform.

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Market Instruments

CMTPRO performs good when it comes to this part, as it provides access to a wide selection of trading instruments, including Currencies, Commodities, Indices, Shares, as well as Cryptocurrencies.

Account Types

Two available trading account options are provided by CMTPRO, designed for both beginners and professional traders: Beginner trading account and Professional Trading accounts.

The minimum deposit to get started with CMTPRO is 250 dollars/250 pounds/250 euros.

Aside from these two accounts, swap-free accounts are also available.

Spreads & Commissions

CMTPRO says that clients can trade forex instruments such as EUR/USD as low as 0.8 pips, as well as a host of other forex and CFD instruments.

Leverage

Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while CMTPRO enables its clients to use leverage of up to 1:500. This is much higher than the proper amount considered appropriate by most regulators.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.

Trading Platform

As for trading platforms, what CMTPRO offer is not the industry leading MT4 or MT5 trading platform, a mobile trader and a web trader instead.

Payment Methods

The minimum deposit to get started with CMTPRO is $250 or the equivalent amount, and this broker allows its clients to make a deposit and withdrawal through multiple payment options, including Credit/Debit Cards, Prepaid Cards as well as some e-wallet options.

CMTPRO says it covers all deposit fees. concerning additional charges, clients need to contact their Provider/Bank.

Customer Support

Clients who have any inquiry or trading-related issues can only get in touch with CMTPRO through an email: support@cmtpro.com.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
High leverage No regulation
Swap-free accounts available Poor customer support
High minimum deposit
No MT4 or MT5 trading platform
Lack of account description

Frequently Asked Questions

What is the maximum trading leverage does CMTPRO provide?

The maximum trading leverage offered by CMTPRO is up to 1:500.

What trading instruments does CMTPRO offer?

CMTPRO offers a wide selection of trading instruments including Currencies, Commodities, Indices, Shares, as well as Cryptocurrencies.

What is the minimum deposit to get started with CMTPRO?

The minimum deposit to get started with CMTPRO is € / £ / $ 250.

User Reviews

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等29238
more than one year
A newly established broker wants to broaden clientele, so they contacted me. Spreads as low as 0.0 pips, leverage up to 1:500, which sounds pretty good. I am hesitating…
A newly established broker wants to broaden clientele, so they contacted me. Spreads as low as 0.0 pips, leverage up to 1:500, which sounds pretty good. I am hesitating…
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2023-02-24 12:16
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吴羿
more than one year
My reason for starting trading here was the lack of spread widening. This is a significant factor for me. I think it affects a lot of things. So the fact that has raw spreads is a big advantage to me.
My reason for starting trading here was the lack of spread widening. This is a significant factor for me. I think it affects a lot of things. So the fact that has raw spreads is a big advantage to me.
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2022-12-15 18:07
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