Basic Information & Regulation
Conotoxia Ltd. is based in Limassol, Cyprus, and was founded in 2016 by a group of professionals with experience in online trading. Conotoxia claims to be a member of Conotoxia Holding and has offices in Warsaw and Chicago. In 2017, Conotoxia began to be regulated by the CySEC in Cyprus, holding its licensed straight-through license, license number: 336/17.
Financial Markets
Conotoxia offers its investors financial instruments in Forex currency pairs, commodities, precious metals, indices, and cryptocurrencies.
Accounts & Leverage
There are five types of trading accounts available on the Conotoxia platform: Zero Commission STP account, Basic STP account, Standard STP account, Algo Trading STP account, and Premium STP account. The minimum initial deposit requirement for all these accounts is 100 EUR/USD/GBP/400 PLN. The maximum trading leverage is 1:30 for Retail clients, 1:100 for Retail Pro clients, and 1:300 for Pro clients.
Spreads & Commissions
EURUSD spreads 5 pips for Zero Commission STP accounts and 1 pip for all other four accounts, with a Forex commission of $4/$100,000 for Basic STP accounts and Standard STP accounts. Algo Trading STP accounts and Advanced STP accounts charge a Forex commission of $3.5 /$100,000. In addition, the Basic STP account, Standard STP account, and Algo Trading STP account will charge commissions for indices trading. In contrast, the Zero Commission STP account and Premium STP account will not charge commissions.
Trading Platforms Available
Conotoxia says it offers investors two trading platform options, the MT4 trading platform, and the cTrader trading platform. MT4 is currently the most popular forex trading platform with powerful charting tools, a large number of custom technical indicators, and an extensive backtesting environment with support for EA automated trading. cTrader is one of the most innovative STP/NDD trading platforms in the forex industry, supporting multiple order types, secondary pricing, an extensive indicator library, and advanced charting.
Deposit and withdrawal
Conotoxia supports bank transfers, Dotpay payment methods for a funding investment account, and withdrawals can be made at any time via the online form on the platform.