Cinpax is a leading-edge technology provider of online trading services. Cinpax provides innovative solutions for Forex, CFDs, and spread betting traders. It was founded in 2021. Cinpax’s objective is to provide a comprehensive, convenient, and user-friendly platform that allows traders to confidently execute their trades.
They offer more than 10,000 tradable assets across forex, commodities, metals, shares, and cryptocurrencies, all with live trading features. Cinpax is a financial company based in St. Vincent and the Grenadines, so it doesn’t fall under regulated authority.
The forex broker offers a unique way to trade stocks and bonds through customized indices. They provide traders with access to the most popular DAX, Dow Jones, energy markets, and global commodity markets. That makes it easy for anyone who wants to get involved in these lucrative opportunities without hassle.
Pros / Cons
- Wide Variety of Assets
- Great Platform
- High Leverage
- Verification Mantadory
- Low Regulation
- High Minimum Deposit
Safety and Regulation
The broker is monitored by the SVGFSA and must follow all standard AML/KYC policies. Cinpax offers a new and exciting experience for traders looking to trade the latest cryptocurrencies on an exchange without having to obtain any major licenses from top-tier regulators such as FCA or ASIC.
Is Cinpax Safe or a Scam?
It is a safe broker because it maintains all safety standards and transparency. In addition, the company has a straightforward approach, making trading easy even for novice traders who are just starting out in this exciting industry.
Cinpax is a new and innovative online broker with a lot to offer its clients. VIP clients of the broker are protected against negative balances. The broker is also registered with the St. Vincent and the Grenadines Financial Services Authority (SVGFSA).
The broker accepts clients from all over the world, except for residents of the United States of America. Unfortunately, if you live outside of the United States, their site will probably not be accessible in your region due to legal restrictions.
Fees and Commissions
Cinpax is a bit more expensive than other forex brokers. It’s not easy to calculate their fees, but they offer different account types with varying costs, so it may be worth looking into if you’re interested in trading on this platform. In addition, there is no broker fee associated with trading.
What’s the point of having great trading options if you can’t take advantage of them? Different brokers offer different spreads and services, but not all are available to everyone. In addition, you must have a higher minimum deposit for your investment strategy to run smoothly. This way, you can avoid choosing traders who offer low rates in return for your money.
High leverage trading offers a good advantage and ensures you make more profit. For example, trading on Cinpax is considered a high-leverage trade, with 400:1 of your capital invested.
What is Cinpax’s Minimum Deposit?
There are no restrictions on deposits. The minimum balance to open an account is $250 or equivalent. It goes up when you want better service and lower spreads, which happens most of the time because people who place big bets on sports often do so with this company.
The broker offers several account types, each with its perks:
- Starter Account
- Basic Account
- Advanced Account
- Professional Account
- VIP Account
Here’s a more detailed explanation of the different account types:
The starter account is the most basic account type offered by Cinpax. It requires a minimum deposit of $250 and up to 1:400 leverage. There is no commission fee.
The Basic Account requires a minimum deposit of $2500 and a maximum order size of 10.00. It also provides an account manager to help customize a trading strategy specifically for you.
The Cinpax Advanced Account is the solution for investors looking to take their portfolios to the next level. This account, which requires a minimum deposit of $25,000, grants you access to exclusive daily market analysis, research tools, and all assets on the Cinpax platform. In addition, you can choose between variable or fixed pricing, making it easy to find the right pricing structure for your needs.
Professional accounts are designed for more experienced investors with greater knowledge and understanding of the risks associated with investing. In addition, professional accounts provide access to more sophisticated products and services, including hedging and fixed pricing. A professional account requires a minimum deposit of $100,000.00.
Cinpax offers a VIP account for its most experienced and well-funded clients. VIP account features include low fixed pricing and negative balance protection.
Deposit and Withdrawal
You can choose various payment methods to fund your trading account. Deposits and withdrawals are not processed if the account type’s priority is low, whereas they are handled if the account type’s priority is high. It is a matter of sorrow that the accounts are available in US dollars.
Available Deposit Methods
- Bank Transfer
- Debit or credit card
How to make a deposit
To make a deposit, you must log in to your account and go to the “Banking” page. Then, you can choose your preferred payment method and enter the amount you wish to deposit.
While most of the new brokers out there use the vanilla and most used MetaTrader platforms, Cinpax has had time to invest in creating its own proprietary investing platform.
The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most. The interface is easy to understand, and the technical analysis tools are extremely powerful, especially for new traders.
However, the platform is only available via a web browser and can work on both mobile and desktop versions.
Instruments and Markets
Cinpax offers a wide variety of markets and financial instruments to choose from.
Cinpax customer service is available 24/5 via live chat, email, and telephone.
Means of Communication
- Online Chat
Cinpax offers a variety of educational resources to help its clients learn about the markets and how to trade.
Cinpax allows users to trade forex, CFDs, or any other type of financial asset. The company offers five different accounts that anyone can open. Users also get access to more than 10,000 different assets from all over the world.
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.
The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.
What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.
There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.
There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.
Looking for more information on brokers and trading? Have a look at our trading guides