Corex Market

Corex Market | 2024-12-03 16:20

Abstract：Corex Market is a financial broker registered in the United Arab Emirates in 2023. It offers trading on forex pairs, commodities, indices, cryptocurrencies, and stocks via the cTrader platform and provides four kinds of accounts with minimum deposit set at $100. However, Corex Market lacks a legal license from any official financial authority.

Corex Market Review Summary
Founded	2023
Registered Country/Region	United Arab Emirates
Regulation	Unregulated
Market Instruments	Digital Assets, Forex, Commodities and ETFs, Stocks and Indices
Demo Account	✅
Leverage	1:100
EUR/USD Spread	From 1.5 pips
Trading Platform	cTrader
Copy Trading	✅
Min Deposit	$100
Customer Support	Live chat: 7/24
	Tel: +971 1000000
	Email: info@corexmarket.com; support@corexmarket.com
	Instagram: https://www.instagram.com/corexfinances/

Corex Market is a financial broker registered in the United Arab Emirates in 2023. It offers trading on forex pairs, commodities, indices, cryptocurrencies, and stocks via the cTrader platform and provides four kinds of accounts with minimum deposit set at $100. However, Corex Market lacks a legal license from any official financial authority.

Pros and Cons

Pros	Cons
Various trading choices	No regulation
Demo accounts	No MT4/5
Commission-free accounts offered	Limited payment options
cTrader trading platform
Copy trading
24/7 live chat support

Is Corex Market Legit?

Corex Market, an unregulated financial service provider with no legal regulatory license, should be avoided. In addition, the domain of this broker was registered on August 26, 2023, and will expire on August 26, 2033, with the latest update on April 7, 2024.

What Can I Trade on Corex Market?

Corex Market offers the following types of tradble instruments:

Forex pairs: EUR/USD...

Commodities: Precious Metals, corn, soybeans, sugar, cocoa, coffee, wheat...

Indices: Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500, US DJIA Index...

Cryptocurrencies: Bitcoin, Ethereum...

Stocks: Apple, Facebook, BHP Billiton...

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Corex Market offers four distinct types of live operating accounts, with minimum deposit requirements ranging from $100 to $10,000. Additionally, a free demo account is available for you to practice and familiarize with the platform.

Account Type	Min Deposit
Standard	$100
ECN	$300
ECN PRO	$500
VIP	$10,000

Leverage

The maximum leverage provided by Corex Market for all accounts is 1:100, which is relatively reasonable. However, you should not forget that Corex Market is not trustworthy, and it is advisable for you to choose the services of a legitimate, licensed broker.

Corex Market Fees

Corex Market offers different spreads for its different accounts. The standard account has spreads starting from 1.5 pips, which is not very competitive. You may want to consider choosing a regulated broker that offers more appealing spreads.

As for commissions, Corex Market charges a commission for ECN PRO and VIP accounts, reaching $7 and $5 respectively, which is relatively high. The other two account types are commission-free.

Account Type	Spread	Commission
Standard	From 1.5 pips	❌
ECN	From 1 pip	$7 per lot
ECN PRO	From 0.1 pips	$5 per lot
VIP	From 0.1 pips	❌

Trading Platform

Corex Market offers a cTrader for trading, with both web and app versions available. It claims to provide the functionality to copy the trading of experts, which can be useful for beginners. However, you should keep in mind that this broker lacks legal oversight.

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Web, Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Corex Market offers multiple methods for deposits and withdrawals, including local banks, the Top Change payment portal, and cryptocurrency wallets, which are available 24 hours a day. You can top up your account seven days a week.

When making a withdrawal, the minimum amount is $5 for all accounts, and you must use the same method that you used to make the deposit.