CMarkets Group Review
|Headquarters||Cnr Old and Church Street, P.O. Box 2290, Roseau, Commonwealth of Dominica|
|Support Number||+44 2038-070454|
|Support Types||Phone, Email|
|Trading Platform||SIRIX WebTrader, SIRIX mobile, SIRIX desktop|
|Minimum 1st Deposit||$250|
|Minimum Account Size||$0|
|Leverage||Up to 1:500|
|Spread||Fixed / Variable|
|Free Demo Account||Open Demo|
|Account Types||Starter, Advanced, Pro, Expert|
|Deposit Methods||Credit/Debit card|
|Withdrawal Methods||Credit/Debit card|
|Number of Assets||100+|
|Types of Assets||crypto-to-fiat and crypto-to-crypto|
|US Traders Allowed|
CMarketsGroup.com is an online trading brand providing access to 100+ contracts based on cryptocurrencies. With wide coverage of the crypto market, the company is one of the best-suited choices for traders that want to focus on one of the fastest-growing markets. Established in 2020, this is a brand that had taken all the data available and integrated the latest technologies to provide enhanced trading conditions.
Safe transactions, expert guidance, trade on the go, and transparent fees are just a few of the features that CMarkets Group considers to be the main reasons for traders to prefer them over other brands. Up to 1:500 leveraged trading, flexible and competitive spreads, as well as the proprietary SIRIX platform complete the offer.
Our review will try to focus on some of the trading functionalities available and hopefully, by the end of it, readers will be able to determine if CMarkets Group is the right crypto trading broker to work with.
Cryptocurrencies are uncorrelated instruments with FX, stocks, and other popular asset classes, which means traders need a personalized trading offer. That’s why CMarkets Group is solely focused on cryptocurrencies at the time of writing.
A challenging market requires traders to have access to a well-suited trading platform. SIRIX is the solution in this case and promises to provide both ease of use as well as higher performance.
Among it’s most important features, we must mention:
- One-click execution.
- User-friendly interface.
- Seamless social trading.
- Clear and intuitive dashboard.
- Actionable trading insights.
- Chart analysis, news & calendar.
What stands out is social trading, an integrated tool that allows registered clients to copy trades of expert traders that are part of the program. Beginners in their first steps or even more experienced traders who want to put their ideas to test, will both find it very useful.
One should be aware of the fact that profits are not guaranteed and not all trading ideas featured in the social trading window will turn out to be profitable.
SIRIX is a very flexible trading platform and comes in four different versions:
- SIRIX WebTrader
- SIRIX Android
- SIRIX iOS
- SIRIX Desktop.
To enable a broad number of traders access to its services, CMarkets Group is currently offering four different account types, each with a specific deposit requirement and a series of trading features.
The Starter account is the most basic a client can get, requiring a $1,000 deposit. In exchange, traders will get to trade assets based on cryptocurrency with up to 1:200 leverage. Access to the SIRIX platform is free, alongside assistance from an account manager. One monthly live webinar and an economic calendar are other useful features.
For Advanced, Pro, or Expert account holders, deposit requirements increase but so do the trading features. Expert advisers, Automated strategies, weekly reports, crypto expert, and in-depth research are just a few of them.
Clients working with CMarkets Group can trade leveraged assets based on cryptocurrencies with flexible spreads and competitive overnight swaps. There are more than 100 different contracts currently available for trading, which makes it easier for traders to diversify and find opportunities across a broad range of cryptocurrencies.
Bitcoin, Litecoin, Bitcoin Cash, Ripple, Monero, Dash, Ether, IOTA, ZCash, and plenty of other tokens are part of the offer. Contracts denominated in Euro, US dollar, USDT, Bitcoin, Ether, or Monero increase the number of options.
The company allows deposits via credit/debit card and the minimum deposit amount should be at least $250. Traders must contact the account manager to make a withdrawal (there are fees associated with withdrawals, depending on the amount).
Reading the full terms & conditions will help find out more about trading costs or compensations provided by the company.
CMarkets Group is happy to answer any questions people might have and help with issues that might arise from using the platform. The support service is available 24/5 and the company encourages customers to contact regarding any subject.
Whether it is via the phone number +44 2038-070454 or the email address firstname.lastname@example.org, these are the two ways to get in touch with a company’s representative.
Based on our analysis, we did not find any negative disadvantage with CMarkets Group. The brand provides access to a very diversified set of cryptocurrency-based assets to clients around the world, excepting US citizens and residents.
It’s good to see companies continue to search for original tools to facilitate access to the crypto market. The SIRIX platform and the implementation of Social Trading make CMarkets Group a good option for beginners who want to learn how to trade.
Combined with all the educational resources, the trading environment developed by CMarkets Group should attract an increasing number of clients in 2020, as the cryptocurrency market continues to grow in popularity. Share your comments below if you’ve already traded with CMarkets Group.