CCX Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information

CCX Markets is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with web-based trading platforms, leverage up to 1:500, over 250 tradable assets, as well as a choice of eight different account types.

Market Instruments

CCX Markets advertises that it offers more than 250 trading instruments in financial markets, including forex currency pairs, CFDs on cryptocurrencies, commodities, indices and stocks.

Account Types

There are eight live trading accounts offered by CCX Markets, namely Mini, Standard, Bronze, Silver, Gold, Platinum, Black and VIP (invitation only). Opening a Mini account requires the minimum initial deposit amount of $250, while the other seven account types with the much higher minimum initial capital requirements of $5,000, $25,000, $50,000, $100,000, $250,000 and $500,000 respectively, as well as the VIP account about which no further information is given directly.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. For example, Clients on the Mini account can experience the leverage of 1:100, the Standard account with a leverage of 1:200, the Bronze account with a leverage of 1:350, while the Silver account can enjoy the maximum leverage of 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

When it comes to trading platforms available,CCX Markets says to give traders three choices: Leverates Activ8, industry-standard MetaTrader4 and cTrader platforms. However, we only got access to some dashboard, not a trading platform.

Deposit & Withdrawal

CCX Markets accepts deposits and withdrawals via VISA, MasterCard and American Express, bank wire, UpayCard, OKPay, Cheetah Pays, Naspay and Bitcoin. The minimum deposit requirement is $250, the minimum withdrawal amount with bank wire transfers is also $250, while with all other payment methods it is $100. The broker also charges some withdrawal fees. With a card, it will charge you $35 plus 10% of the withdrawal amount, in case you have not traded your deposit at least 200 times. Also, if you accept a trading bonus, to withdraw you will have to trade the bonus plus your deposit at least 30 times.

Customer Support

CCX Markets‘ customer support can be reached by telephone: +442038688901, email: support@ccxmarkets.com. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.