Connect Spread is a contract for difference broker with a domain registered on April 17, 2024. This broker mainly provides investors with trading services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services in countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the information on its official website, Connect Spread was founded in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). Apart from this, the broker has not disclosed its company registration information or detailed regulatory information.
Upon verification, no company named "Connect Spread" is found to be regulated by the Australian Securities and Investments Commission (ASIC).
Therefore, Connect Spread is actually a fraudulent broker website with no company entity or regulatory oversight.
Account Opening Process
The process for opening a trading account with Connect Spread involves the following steps: Visit the broker's official website, click on "Open Account" or "SIGN UP" at the top right corner of the page to enter the account registration page, fill in the required personal information such as name and email, set a login password, and submit. Once the account is verified, the registration is successful.
Trading Products
Connect Spread offers a variety of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies. Known for its high liquidity, it allows traders to profit from exchange rate fluctuations.
- Indices: Index trading enables speculation on the performance of entire markets or specific sectors without trading individual stocks, offering diverse trading opportunities and potential leverage.
- Commodities: Commodity trading spans key global markets, allowing traders to buy and sell raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to engage in the price fluctuations of public companies, earning profits based on company performance and dividends without owning actual shares.
- Cryptocurrencies: Cryptocurrency trading provides opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Connect Spread offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Expected minimum profit: £3,500
- Expected maximum profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Expected minimum profit: £45,000
- Expected maximum profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Expected minimum profit: £99,999
- Full range of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Usable with any broker
Trading Platform
Connect Spread provides its own trading platform and claims that it has an average order execution speed of less than 7.12 milliseconds, with greater than 12,000 orders executed per second due to superior liquidity providers. However, clicking the provided download link leads to the MT4 trading platform, where no broker named Connect Spread can be found.
Deposits and Withdrawals
Connect Spread does not support deposits or withdrawals via credit cards or bank transfers, only allowing transactions through cryptocurrencies.
Conclusion
Traderknows reminds investors that Connect Spread is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
