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Score

7.50 /10
Good

Conotoxia

Cyprus

5-10 years

Regulated in Cyprus

Market Making(MM)

MT5 Full License

Regional Brokers

https://forex.conotoxia.com

Influence

A

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Score

Regulatory Index6.67

Business Index7.48

Risk Management Index9.70

Software Index9.02

License Index6.70

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Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Conotoxia Ltd

Company Abbreviation

Conotoxia

Platform registered country and region

Cyprus

Company website

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YouTube

Company summary

Pyramid scheme complaint

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Conotoxia

Cyprus

WikiFX Verification

Conotoxia · Company summary
ConotoxiaReview Summary
Founded2013
Registered Country/RegionCyprus
RegulationCySEC
Market InstrumentsCFDs (forex, indices, shares, ETFs, commodities, cryptos, futures)
Demo Account✅
LeverageUp to 1:30 (Retail clients)
EUR/USDSpread0 pips
Trading PlatformMT5, cTrader, Conotoxia APP
Min Deposit400 PLN, 100 EUR, 100 USD or 100 GBP
Customer Support24/5 support
Tel: +357 250 300 46 (Cyprus office)
+48 224 639 988 (Poland branch)
Email: support@cy.conotoxia.com
Social media: Twitter, YouTube

Conotoxia is a CFD broker in Cyprus, which was registered in 2013. This company focuses on the CFD markets, and offers trading services related to forex, indices, shares, ETFs, commodities, cryptos, and futures. More importantly, it is regulated by Cyprus Securities and Exchange Commission (CySEC).

Conotoxia's homepage

Pros and Cons

Pros Cons
Regulated wellSingle account type
Wide range of CFD productsLimited payment options
Demo accounts
Flexible leverage ratios
Multiple trading platforms (MT5 included)
No fees for deposits and withdrawals

Is Conotoxia Legit?

Yes, Conotoxia is regulated by Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that Conotoxia operates in compliance with the stringent financial standards and practices set forth by CySEC.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Cyprus Securities and Exchange Commission (CySEC)RegulatedCyprusMarket Making (MM)336/17
Regulated by CySEC

WikiFX Field Survey

WikiFX field survey team visited Conotoxia's regulatory address in Cyprus, and we found the company's physical office.

WikiFX Field Survey

What Can I Trade on Conotoxia?

Conotoxia offers trading services related to CFDs, and customers can trade forex, indices, shares, ETFs, commodities, crypto, and futures on the platforms provided by Conotoxia.

Tradable Instruments Supported
CFDs✔
Forex✔
Commodities✔
Indices✔
Shares✔
Cryptos✔
ETFs✔
Futures✔
Bonds❌
Options❌
What Can I Trade on Conotoxia?

Account Type

Conotoxia only provides one type of account: Smart Account with the minimum deposit requirement of 400 PLN or 100 EUR/USD/GBP.

Account Type

Leverage

The leverage for different types of CFDs is not the same, but on the whole, the leverage can be up to1:30. Customers need to be careful, because high leverage may bring high potential risks.

Leverage

Spread and Commission

Conotoxia claims to offer EUR/USD spread from 0 pips.

As for the commissions, different trading instruments have different commission fees.

Trading InstrumentCommission
CFDs Indices❌
Single Stocks CFD and Single ETF CFD0.5% per trade deal
Stocks CFD and ETFs CFD0.1% per trade (min $2)

Spread and Commission

Trading Platform

Conotoxia uses 3 types of platforms, including MT5, cTrader, and Conotoxia APP.

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, Mobile, Tablet, WebExperienced traders
cTrader✔Desktop, Mobile, Tablet, Web/
Conotoxia APP✔Mobile/
MT4❌/Beginners
MT5 vs cTrader
Conotoxia APP

Deposit and Withdrawal

Deposit Options Base CurrenciesDeposit FeeDeposit Time
Bank transferEUR, USD, GBP, and PLN❌1-5 working days
Withdrawal Options Base CurrenciesWithdrawal FeeWithdrawal Time
Wire TransferPLN❌Requests are processed between 8:00–16:00 CET time
SEPA TransferEUR, USD, GBP
International Transfer
Deposit
Withdrawal
Withdrawal

News

NewsRetail Traders to Benefit from Conotoxia's Investment Advice Offering

Conotoxia, the retail trading arm of Poland-based fintech Cinkciarz, has launched an investment advisory service with no entry barriers and a low threshold. It is the first company in the forex and contracts for the different industries to offer the product on a large scale. The service is available to retail traders from Europe and will provide individual investment recommendations on selected financial instruments.

WikiFX
2023-03-27 17:47
Retail Traders to Benefit from Conotoxia's Investment Advice Offering
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User Reviews

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User comment

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Comments

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Randy
more than one year
El spdread es demasiado alto, el spread de EURUSD es en realidad de 5 pips! Podría robarme mi dinero directamente, pero aún así me dio una experiencia de forex trading. La comisión es de alrededor de $4 por lote, que todavía está dentro de un rango razonable. En resumen, el costo de transacción es un poco prohibitivo.
El spdread es demasiado alto, el spread de EURUSD es en realidad de 5 pips! Podría robarme mi dinero directamente, pero aún así me dio una experiencia de forex trading. La comisión es de alrededor de $4 por lote, que todavía está dentro de un rango razonable. En resumen, el costo de transacción es un poco prohibitivo.
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2022-11-25 16:58
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泵车维修配件-龚亦
more than one year
Commission fee is extremely high! No one can accept! Though they also offer Zero Commission STP account, but the spread for this type of account is too wide! 5 pips on EUR/USD pairs! Unbelievable!
Commission fee is extremely high! No one can accept! Though they also offer Zero Commission STP account, but the spread for this type of account is too wide! 5 pips on EUR/USD pairs! Unbelievable!
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2022-11-22 15:40
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