CTX HOLDINGS is a forex broker that is located in Hungary and is allegedly owned by Golden Dawn. In the review below, we take an in-depth look at the features ctxholdings.com allegedly offers. This review basically answers the question is CTX Holdings Legit? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about CTX Holdings Forex Broker.
Table of Contents
CTX Holding Trading Platform
CTX Holding claims that their vision is to strive to be the best broker in the currencies trading industry, by providing their traders the most moneymaking options with the latest technology in this industry.
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CTXHoldings.com also claims that their team is made up of experts, who specialize in different fields of work. That this team is a Group of over 100 professional that in Financial investment, Recovery, Portfolio Management. They give no evidence to back up this claim
After going through CTX Forex website, we found that the website looks professional, and well-designed. We also discover that this broker doesn’t support the MT4 or the MT5 trading platform. They offer assets such as Forex (with leverages up to 1:1000) CFDs, Indices, Stocks, and Precious metals
CTXHoldings Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has
CTX Holdings Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The website states that customers can deposit with credit card, debit card, wire transfer, Carte Bleue or PayPal.
There is a $25 withdrawal fee for each wire transfer and it takes a lengthy 14 business days for a transaction to go through.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is CTX Holdings Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This website claims to be owned and operated by Golden Dawn (IT) with company registration number: Cg.01-09-355040 and registered address: 1085 Budapest, Jozsef Korut 69. It also claims to have offices in London, Cyprus and Dominica.
So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the Hungarian Central Bank (MNB or Magyar Nemzeti Bank), FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with ctxholdings.com as they don’t give any valid information concerning if they are a regulated broker.
CTX HOLDINGS Forex Broker is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
Thanks for your complete review…
Thanks for your complete review…..