General Information
Based in Saint Vincent and the Grenadines, CG TRADE is allegedly a forex broker that provides its clients with the worlds most widely-used trading platforms (MT4), leverage up to 1:1000 and variable spreads and commissions on various tradable assets, as well as a choice of three different account types.
Market Instruments
CG TRADE advertises that it offers a wide range of trading instruments in financial markets, including forex, energies, precious metals, indices, stocks and cryptocurrency.
Account Types
There are three live trading accounts offered by CG TRADE, apart from demo accounts, namely Standard, ECN and VIP. Opening a Standard or ECN account requires the minimum deposit of $100, while the VIP account with the minimum initial capital requirement of $10,000.
Leverage
Traders holding different account types are equipped with different maximum leverage ratios. Clients on the ECN or VIP account can experience the maximum leverage as high as 1:500, while the Standard account can enjoy the leverage up to 1:1000. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Spreads and commissions are significantly influenced by what type of accounts traders are holding. The spread in the Standard account starts from 0.9 pips, while the ECN account from 0.0 pips with the commission of 3.5 per lot, and the VIP account from 0.0 pips with the commission of 3 per lot.
Trading Platform Available
When it comes to trading platforms available,CG TRADE gives traders the industry standard MetaTrader4 platform and MT4 Mobile, available on Windows, Android and iOS. MT4 is known as one of the most successful, efficient, and competent forex trading software, featuring with advanced charting and analytical tools, sophisticated order management tools, Expert Advisors and more. While with MT4 Mobile, trading can be done from anywhere and at any time.
Deposit & Withdrawal
CG TRADE doesnt disclose any information about deposit or withdrawal methods. The only useful concerned information we found on the Internet is that the minimum deposit amount for all account types is $100, and withdrawal requests usually can be processed within one working day.
Customer Support
CG TRADEs customer support can be reached through telephone: [Europe] +44 12 1288 3112, [Asia] +852 8120 7502, email: support@cgtrade.com or live chat. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter and LinkedIn. Registered Address: First Floor, First St. Vincent Bank Ltd, James Street, Kingstown, P.O. Box 1574, VC0100, St. Vincent and the Grenadines.
