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Score

5.37 /10
Average

Concord Markets

Malaysia

1-2 years

Regulated in Malaysia

Straight Through Processing(STP)

MT5 Full License

Regional Brokers

https://www.cdgmarket.com

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Score

Regulatory Index3.92

Business Index4.76

Risk Management Index9.23

Software Index8.60

License Index3.92

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Concord Markets · Company summary

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

Concord Markets Review Summary
Founded2023
Registered Country/RegionMalaysia
RegulationLabuan FSA (License No. MB/20/0047)
Market InstrumentsForex, Commodities, Indices
Demo Account✅
LeverageUp to 1:100
SpreadRaw spreads
Trading PlatformMetaTrader 5 (MT5)
Min Deposit$100
Customer SupportEmail: 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 FSAOffshore regulation
Advanced MetaTrader 5 trading platformLimited account types
Competitive raw spreadsNewly established broker
Demo account availableLimited 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.

Is Concord Markets Legit?

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 TypeSpreadLeverageCommissionMin DepositSuitable For
ClassicRaw spreadsUp to 1:100$6 USD$100Beginner and moderate-level traders
ProRaw spreadsUp to 1:100$4 USD$2,000Experienced 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 TypeSpreadCommission
ClassicRaw spreads$6 per trade
ProRaw spreads$4 per trade

Non-Trading Fees

Non-trading Fees
Deposit FeeFree (Intermediary bank fees may apply)
Withdrawal FeeNot mentioned
Inactivity Fee$500 per inactive quarter (charged after 3 months of inactivity)

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MetaTrader 5✔iOS, Android, Windows, MacTraders 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

Deposit Options Min. DepositFees Processing Time
Bank Transfer$100Free1-3 Business Days
Credit/Debit Card$100FreeInstant

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Bank TransferNot specifiedNot mentioned1-3 Business Days

User Reviews

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User comment

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Comments

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FX1708281172
more than one year
SMOOTH and RELIABLE. I appreciate the straightforward execution and the variety of tools available on MetaTrader 5. It's helped me adapt my strategies quickly to market changes, whether I'm day trading or holding positions longer term
SMOOTH and RELIABLE. I appreciate the straightforward execution and the variety of tools available on MetaTrader 5. It's helped me adapt my strategies quickly to market changes, whether I'm day trading or holding positions longer term
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2024-07-16 18:15
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☆Purple♂
more than one year
Beginner-friendly MT5 platform. Professional customer service.
Beginner-friendly MT5 platform. Professional customer service.
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2024-06-27 15:36
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