CPT Financial Review: Why This Platform (cptfinancial.com) Is Scam! (Exposed)

Thinking of getting into business with CPT Financial? Here is what you must know about this broker. Carefully read this review to find out if cptfinancial.com is the trading platform you will want to trade with.

About CPT Financial

TradingMarket is an offshore brokerage company with a lot of promises for traders. The address of the broker shows United Kingdom.

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Address

The broker offers different account types.

Account Type

There are several claims of regulation from known financial regulators such as Financial Conduct Authority (FCA) , Australian Securities and Investments Commission(ASIC) and Financial Sector Conduct Authority of South Africa(FSCA).

Added, it trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.

To clarify, regardless of the trading instruments CPT Financial claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

cptfinancial.com: Reasons to Avoid This Broker

Firstly, cptfinancial.com is a platform with no financial authority overseeing its financial services. We discover this broker is not worth your money because neither of those financial regulators has proved the claim of the broker to be true. Here is a warning from German financial regulator BaFin for traders to be careful with the financial services of TradingMarket. 

BaFin Warning

Secondly, we noticed cptfinancial.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

CPT Financial leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.

Minimum Deposit

CPT Financial minimum deposit is pegged at $250.

As for the payment methods, the broker mentions Neteller, Skrill, PayPal and VISA. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

CPT Financial Platform

CPT Financial offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.

As for the leverage, the broker discusses nothing. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

CPT Financial Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

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BEGINNER FRIENDLY

Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Conclusion: Is cptfinancial.com a Reliable Broker?

No, cptfinancial.com is not a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Meanwhile, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

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