CPT Markets UK Review 2024
Website: www.cptmarkets.co.uk
Min. Deposit: US$ 100
Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: FCA, FSCA, FSC
Headquarters: UK
Founded: 2008
Regulatory Licenses:
- CPT Markets UK Limited - authorized by FCA(UK) license no 606110
- CPT Markets PTY LTD (“CPT SA”) - authorized by FSCA (South Africa) license no 45954
- CPT Markets Limited - authorized by FSC (Belize) license no IFSC000314/351
Updated on February 19, 2024
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CPT Markets UK is a Forex and CFD broker based in the UK, offering a vast selection of financial derivatives including Equities, Futures, Options, Forex, and CFDs to both retail and institutional clients. Leveraging a comprehensive approach, our review delves into various aspects such as regulatory compliance, trading platforms, account types, fees, customer service, and educational resources to provide an informed opinion on the broker.
CPT Markets UK Pros and Cons ▲
After a thorough evaluation, we have pinpointed both advantages and disadvantages in choosing CPT Markets UK as your trading partner. On the upside, the broker's STP execution model and a spread-based fee structure stand out as significant benefits for traders. The broker also excels in offering an extensive array of trading instruments and the widely acclaimed MT4 and MT5 trading platforms.
Pros
Straight Through Processing (STP) execution
Fee structure based on spreads
Wide range of trading instruments
Popular MT4 and MT5 trading platforms
Cons
Trading conditions may vary by entity
Customer support not available 24/7
Limited educational materials depending on the entity and country
CPT Markets UK Review Summary in 12 Points ▲
Headquarters: UK
Regulation and License: FCA, FSCA, FSC
Instruments: Forex, CFDs, Futures, Options, Equities, Commodities, Indices, Stocks, Crypto CFDs
Platforms: MT4, MT5
EUR/USD Spread: 1.8 pips
Demo Account: Provided
Base currencies: EUR, GBP, USD
Minimum deposit: $100
Education: Research tools, analysis
Customer Support: 24/5
Overall CPT Markets UK Ranking ▲
Based on our comprehensive analysis and compared to over 1000 brokers, CPT Markets UK garners a positive evaluation due to its adherence to stringent regulatory standards, a wide spectrum of trading products, secure trading platforms, and competitive pricing structures. Consequently, CPT Markets UK's Overall Ranking stands at 8.5 out of 5, reflecting its commendable position in the market.
Is CPT Markets UK Safe or a Scam? ▲
CPT Markets UK is not a scam. The brokerage is under the regulation of the reputable Financial Conduct Authority (FCA) and provides strictly legal financial services. As a regulated entity, CPT Markets UK affirms its legitimacy and commitment to upholding the highest standards of financial security and operational integrity.
See our conclusion on CPT Markets UK's Reliability: Our Ranked CPT Markets UK Trust Score is 4.0 out of 5, acknowledging its solid reputation and services. Notably, the broker also operates within an offshore jurisdiction, which warrants additional scrutiny.
How Are You Protected?
CPT Markets UK ensures client fund protection through the Financial Services Compensation Scheme (FSCS), guaranteeing up to 50,000 GBP per client in the rare occurrence of financial instability. Furthermore, client funds are segregated from the company’s operational funds, promoting transparency and security in money management. The broker also implements negative balance protection, safeguarding clients from losing more than their available account balance, thus enhancing trader safety.
Leverage is an essential instrument that enables traders to participate in the market with a relatively small amount of capital. It's crucial to fully grasp its mechanism and the potential risks it bears, as it can amplify both profits and losses significantly. CPT Markets offers leverage in compliance with FCA, FSCA, and FSC regulations, providing UK traders with access to modest leverage up to 1:30 for major currency pairs and 1:10 for Commodities. Meanwhile, clients under the international entity may utilize higher leverage up to 1:500 for professional trading activities.
Our analysis reveals that traders under the UK entity of CPT Markets have the selection between Individual and Corporate account types. It's important to ascertain the specific CPT Markets entity you're operating under, as different jurisdictions impose varied requirements and may offer slightly divergent trading conditions. Furthermore, newcomers have the option to start with a Demo account at no cost, enabling them to practice trading and evaluate strategies through trial trades.
How to Open CPT Markets UK Live Account? ▲
Initiating an account with a broker is straightforward and can be completed swiftly. To open an account, follow these steps:
Visit the “Open an Account” page and click on it.
Input the necessary personal information (such as Name, email, phone number, etc.)
Submit documentation for personal data verification (including residential proof, ID, etc.)
Fill out the electronic quiz to confirm your trading expertise.
Upon account activation and verification, proceed with depositing funds.
According to our comprehensive research, the broker offers an extensive array of financial products, including 100 Forex pairs, CFDs, Indices, Stocks, Commodities, Equities, Futures, and Options. It is advisable to perform detailed research on the range of available options, as the assortment of trading instruments may differ according to the specific entity. CPT Markets UK's selection of trading instruments receives a score of 8.9 out of 5 for its broad diversity, though the availability of financial instruments is contingent upon entity regulations.
The broker's fee structure, as identified by our scrutiny, predominantly incorporates the spread without additional commissions. There are no hidden charges, nor are there fees related to account opening, closing, or inactivity, including deposit and withdrawal fees. Nevertheless, traders should be aware of the overnight policy that incurs a rollover fee, swap, or overnight fee for positions held longer than a day. When compared to over 1000 other brokers and considering all fees applied, CPT Markets UK's fees are deemed low or average, with an overall rating of 8 out of 5.
Based on our comprehensive assessment, the broker delivers competitive floating spreads, with the EUR/USD currency pair showcasing an average spread of 1.8 pips. This is slightly higher than the global average but remains competitive across major currency pairs and popular trading instruments. It's important for traders to note that trading conditions can vary depending on the specific regulatory entity, urging the need for detailed research into spread conditions.
CPT Markets UK Spreads are deemed average with an aggregate score of 3.8 out of 5, derived from our comparative analysis against 1000 brokers. Despite the slight elevation in Forex spreads above the industry norm of 1.2 pips, spreads for other instruments are noted for their competitiveness.
CPT Markets UK, alongside its international counterparts, supports the most prevalent payment methods including card payments, wire transfers, and e-wallets such as Skrill and Neteller.
CPT Markets UK Funding Methods receive a favorable evaluation with a score of 4.3 out of 5. The broker stands out for its low fees and the availability of various account currencies.
Pros and Cons of CPT Markets UK funding methods include:
CPT Markets UK Minimum Deposit
The requirement to open a live trading account is a $100 initial deposit for a Standard account, reflecting a competitive offering in comparison to the common $500 minimum deposit required by most other brokers.
CPT Markets UK Withdrawals
No charges are imposed by the company for deposits and withdrawals involving card transactions and transfers. However, traders should verify with their payment providers regarding any potential fees.
Steps for withdrawing money from CPT Markets UK:
Log into your account
Select 'Withdraw Funds' in the menu tab
Enter the withdrawal amount
Choose the withdrawal method
Fill in the electronic request with the necessary details
Confirm the withdrawal information and submit
Monitor the current status of your withdrawal through your Dashboard
CPT Markets offers the globally recognized MetaTrader 4 platform for its UK entity traders, known for its user-friendly design and essential trading features. The MT4 platform is accessible on both PC and mobile devices, ensuring traders can engage from anywhere. For international traders, MetaTrader 5 is also available, providing additional functionalities.
The CPT Markets UK Platform is rated 4.3 out of 5, signifying its commendable offering of the MT4 and MT5 trading platforms compared to over 1000 other brokers.
The broker provides a suite of trading tools including advanced charting features, an economic calendar, technical indicators, analytical tools, various time frames, and supports automated and algorithmic trading through Expert Advisors (EAs).
Available 24/5 via Email and Phone, CPT Markets boasts a team of experienced trading specialists ready to assist clients with technical issues, market analysis, general inquiries, and operational concerns. Our evaluation ranks CPT Markets UK Customer Support as good, with a score of 3.8 out of 5, appreciating the prompt and knowledgeable assistance provided during working days.
The absence of a dedicated education section on its UK entity's website is a notable drawback for CPT Markets, limiting the availability of comprehensive learning resources. While the international site offers an Economic calendar, market news, and financial articles, these may not suffice for those seeking in-depth educational materials. However, the provision of a demo account enables traders to practice strategies risk-free.
The educational offerings of CPT Markets UK receive a score of 3.3 out of 5, suggesting room for improvement, especially for beginners who are advised to seek resources from more established brokers.
CPT Markets UK emerges as a reputable Forex broker catering to a diverse clientele, from retail to institutional traders. The availability of widely-utilized platforms like MT4 and MT5 ensures a rich trading experience loaded with advanced features. Its regulation by the respected FCA instills confidence and trust among traders.
While the STP execution model broadens investment possibilities, the lack of extensive educational materials and 24/7 customer support may deter some traders. It is crucial for potential clients to conduct thorough research, considering the broker’s regulatory standing, fees, spreads, and customer testimonials before proceeding.
Our evaluation concludes that CPT Markets UK is well-suited for:
Traders from the UK
Traders from South Africa
International trading
CFD and currency trading
Users of MT4 and MT5 platforms
Beginners and advanced traders
Institutional and derivatives trading
STP/NDD execution models
Copy and EA/Auto trading
Competitive spreads
Access to robust trading tools
Overall, while CPT Markets UK offers secure and advantageous trading conditions, prospective traders are encouraged to verify that it aligns with their specific trading prerequisites.
