CP MARKETS is a forex and CFD broker that was established in 2021, headquartered in London. This broker serves traders in the global financial markets, offering trading services in financial products including stocks, indices, futures, metals, and forex. CP Markets offers investors competitive spreads and flexible leverage options.
Company Background:
CP MARKETS is a brokerage registered in the UK, with its corporate entity being Champion Markets LTD. The specific office address is located at Unit 1804 South Bank Tower, 55 Upper Ground, London, England, SE1 9EY. The official domain name registration date for CP MARKETS is December 1, 2021, making it over two years to the present.
Regulatory License:
CP Markets is a financial services broker focused on offering forex trading and CFD (Contract for Difference) trading services. As a forex broker regulated by the Canadian Financial Transactions and Reports Analysis Centre (Fintrac), CP Markets holds a money services business (MSB) regulatory license issued by Canada Fintrac, with the license number M21006323. CP Markets follows Fintrac's regulatory provisions, implements anti-money laundering (AML) and counter-terrorist financing (CTF) measures, and is committed to ensuring the security of client funds and data privacy.
Trading Instruments:
CP Markets offers a wide range of trading instruments, including stocks, indices, futures, metals, foreign exchange, and cryptocurrencies. CP Markets provides these trading instruments through the MetaTrader 5 (MT5) trading platform, renowned for its flexible order placement, comprehensive set of technical analysis tools, and advanced EA (Expert Advisor) development environment.
- Stocks: CP Markets allows traders to trade stocks of some of the largest and most popular companies worldwide through Contracts for Difference (CFD).
- Indices: Offers CFDs trading on popular indices from Europe, Asia, and the Americas.
- Futures: Traders can explore endless trading opportunities by trading futures CFDs from around the world.
- Metals: Offers trading in spot metals CFDs, including but not limited to gold and silver.
- Forex: CP Markets offers CFD trading in over 70 forex pairs, characterized by low spreads and fast order execution.
- Cryptocurrencies: Traders can trade cryptocurrency CFDs at CP Markets, enjoying low spreads and fast order execution.
Trading Platform:
CP Markets offers multiple trading platforms connected to the forex market, including the enhanced MetaTrader 5 (MT5), WebTrader, and CP Markets desktop and mobile applications.
MT5 is CP Markets' main trading platform, inheriting the excellent traditions of its predecessor MT4, and providing the functionalities needed for trading in the financial markets. WebTrader is a web-based trading platform, enabling traders to trade directly from a web browser without needing to download any software. CP Markets also offers trading platforms designed for desktop and mobile devices, including desktop applications for Windows and Mac, and mobile applications for Android and iOS systems.
Account Types:
CP Markets offers a variety of account types to suit the needs of different traders, including Micro, Standard, Pro, and VIP accounts. These account types differ in minimum deposit, spreads, and leverage options provided, catering to the needs of traders from beginners to those with extensive experience. Here are detailed introductions to these account types:
- The Micro account has a minimum deposit of $50, suitable for investors of various types. It offers a floating spread of 1.2 pips and supports trading in micro-lots.
- The Standard account has a minimum deposit of $500, providing relatively lower spreads starting from 0.6 pips.
- The Pro account has spreads of zero for most of the trading day, with a minimum deposit requirement of $1000. This account type has lower commissions, with a maximum of $3.5 per lot.
- The VIP account requires a minimum deposit of $3000, similar to the Pro account, offering zero spreads. VIP account users have the opportunity to receive up to 21% commission rebates.
Spreads and Leverage:
CP Markets offers competitive spreads and flexible leverage options for investors. The spread is the difference between the bid and ask prices, representing the price differential when buying and selling an asset. The size of the spread is influenced by the liquidity of the asset and market supply and demand conditions.
CP Markets offers different spread options for different types of trading accounts:
- The Micro account offers a floating spread of 1.2 pips.
- The Standard account provides spreads starting from 0.6 pips through the MT5 platform.
- The Pro and VIP accounts have zero spreads for most of the trading time.
Furthermore, CP Markets offers leverage of 1:100 to its users. Leverage is a financial tool that allows investors to increase the size of their investment position using borrowed funds. Leverage can amplify both the potential profits and losses of an investor. CP Markets offers a leverage ratio of 1:100, meaning clients can trade with up to 100 times the leverage of their account funds.
Customer Support:
CP Markets provides customer support mainly through email. Investors can contact the broker by sending an email to cs@cp-markets.com. Additionally, investors can also visit the office in London for support. However, CP Markets does not provide comprehensive educational resources, which might be a drawback for novice traders wishing to learn more about the broker or acquire relevant forex trading knowledge.
Summary:
CP Markets is a London-based forex CFD broker, primarily offering trading services in stocks, indices, futures, metals, and forex. CP Markets holds a Canadian Fintrac MSB regulatory license. CP Markets offers leverage of 1:100, and provides various account types including Micro, Standard, Pro, and VIP.
Currently, CP Markets is marked as "Operating Normally" on Traderknows.
