ChronoPeak is a Contract for Difference (CFD) broker with a registered domain name as of May 27, 2024. This broker primarily offers investment services in trading markets such as forex, commodities, indices, bonds, digital currencies, and stocks for both retail and institutional clients. It does not provide services to countries and regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the official website (chronopeak.com), this broker is registered in Seychelles under the company name "Raw Trading Ltd". This company is regulated by the Seychelles Financial Services Authority (FSA) with the securities dealer license number SD018.
Upon verification, the Seychelles Financial Services Authority (FSA) website shows that the company named Raw Trading Ltd with the license number SD018 has the official website www.icmarkets.sc, not chronopeak.com. This company is the registered entity of the well-known broker IC Markets in the FSA, and it has no relation to ChronoPeak.
Therefore, ChronoPeak (chronopeak.com) is essentially a scam broker website with no company entity or any regulatory oversight.
Account Opening Process
ChronoPeak account opening process: Open the broker's official website, click "Start Trading Now" or "Log in" at the top right corner of the page to enter the account registration page. Fill in the required personal information such as name, phone number, email address, and set a login password, then submit. After submission, verify your account to complete the registration successfully.
Trading Account Information
ChronoPeak offers three different types of trading accounts: cTrader ACCOUNT, Raw Spread ACCOUNT, Standard ACCOUNT.
cTrader ACCOUNT:
- Trading Platform: cTrader
- Commission (per lot per side): $3.0 (round trip $6.0 per lot)
- Spreads: From 0.0 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Maximum open orders per account: 2000 lots
- Server Location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic accounts: Supported
- Allowed trading methods: All
- Order distance restriction: None
- Programming language: C#
Raw Spread ACCOUNT:
- Trading Platform: MetaTrader
- Commission (per lot per side): $3.5 (round trip $7.0 per lot)
- Spreads: From 0.0 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Maximum open orders per account: 200 lots
- Server Location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic accounts: Supported
- Allowed trading methods: All
- Order distance restriction: None
- Programming language: MQL4
Standard ACCOUNT
- Trading Platform: MetaTrader
- Commission (per lot per side): None
- Spreads: From 0.6 pips
- Minimum Deposit (USD): $200
- Leverage: 1:1000
- Maximum open orders per account: 200 lots
- Server Location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic accounts: Supported
- Allowed trading methods: All
- Order distance restriction: None
- Programming language: MQL4
Trading Platforms
ChronoPeak claims to offer users the MT4/MT5 trading platforms, but the provided download links cannot be opened, and it is not possible to find any information about this broker on MT4 or MT5.
Deposits and Withdrawals
ChronoPeak supports user deposits and withdrawals through Skrill, PayPal, Mastercard, VISA, NETELLER, and UnionPay.
Conclusion
Traderknows reminds investors that ChronoPeak is a fraudulent broker website that has stolen regulatory information from IC Markets. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Suspected Fraud" on Traderknows.
