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|
|Free Demo Account||Open Demo|
|Deposit Methods||Credit/Debit card|
|Withdrawal Methods||Credit/Debit card|
|Number of Assets||100+ Cryptocurrency pairs|
|Types of Assets||Crypto-to-Fiat and Crypto-to-Crypto|
|US Traders Allowed|
- The most diverse offer, with more than 100 contracts based on cryptocurrencies.
- SIRIX platform designed for the challenges of the crypto market.
- A Broad offer of trading features enhancing the trading process.
- High spreads for low-liquid instruments.
- Relatively high initial deposits required.
The growing industry of cryptocurrencies facilitates the appearance of trading brands specialized in crypto instruments. It is the case with CMarkets Group, a relatively new trading brand owned by Click World Ltd. Launched in 2020, the website provides access to a wide range of trading services designed to meet the challenges of the cryptocurrency market.
With a proprietary platform, social trading, and experts assisting customers, it aims to attract an increasing number of customers that want to focus their activity on the niche of cryptocurrencies. That’s possible because there are more than 100 different contracts of crytpocurrencies on many tokens available at CMarkets Group. Fiat pairs in the US dollar or Euro, and crypto pairs in the popular USDT as well as BTC, ETH, or XMR pairs should offer enough trading opportunities.
CMarkets Group is also using the latest technology and had implemented AI learning to predict how the market will shape. It provides access to Automated strategies for both Pro and Expert account holders. At the same time, all clients will get assistance from an account manager at any point in time. Is this the right CFD provides to trade cryptocurrencies? We hope you’ll find the answer by the end of our review.
At present, CMarkets Group has Anti-Money Laundering (AML) and Know Your Customer (KYC) policies in play. That means clients need to validate their identity and address by uploading an ID and a utility bill or bank statement. Also, the company is carefully monitoring the client’s transaction records to ensure the client’s due diligence, proper risk management, and that all transactions are not suspicious.
Additionally, it will counter check the list of persons on record alongside that of wanted, known or suspected terrorists in ensuring that all clients are well known.
CMarkets Group operates for customers all around the world, except for citizens or residents in the United States. People from any other country can open an account and trade cryptocurrencies with this provider.
Since the cryptocurrency market has unique characteristics, CMarkets Group had decided to allocate resources and develop a proprietary trading software. The result is SIRIX, a flexible trading platform available in 4 different versions:
- SIRIX Desktop
- SIRIX WebTrader
- SIRIX for Android
- SIRIX for iOS.
SIRIX’s main advantages have to do with a series of integrated features that make trading cryptocurrencies more efficient. Built-in one-click execution will make opening trades faster when the market starts to move impulsively. The interface is user-friendly and the dashboard is clear and intuitive.
Social trading is the top trading feature available at CMarkets Group. With it, beginners can copy trades placed by top-ranked traders. At the same time, experienced traders can see how other experts view the market. Either way, the platform provides updated information in the social stream window.
The Starter Account is the most basic available at CMarkets Group. In order to open one, clients must deposit $1,000 and in exchange, they will get to trade cryptocurrencies with up to 1:200 leverage. There’s an account manager available to assist clients as well as a live monthly webinar.
Advanced, Pro, and Expert accounts are part of the offer as well, but the deposits required to increase for each one. In return, clients who invest more money will get access to more trading features. Automated strategies, weekly reports, portfolio construction, and in-depth research are just a fraction of what’s currently available. The maximum leverage increases to 1:500 for Pro and Expert account holders.
CMarkets Group awards trade compensations and trade-specific credit to its new and regular clients. All compensations are offered at the account executives’ discretion and are subject to terms and conditions.
Receiving a bonus will require clients to meet a certain trading volume to make withdrawals. Read all the terms on the official website before deciding to apply for trade compensation.
Considering that cryptocurrencies continue to be an unexplored field for most of the people, CMarkets Group wants to provide incentives by offering plenty of educational resources. Live webinars, weekly reports, assistance from account managers, social trading, all are features that could help customers learn how to trade.
CMarkets Group is a Crytpo Broker that comes with a very comprehensive offer specialized in cryptocurrencies. With more than 100 different instruments, clients can find opportunities in BTC, ETH, LTC, OMG, ZCH, BCH, XRP, XMR, or many other tokens.Visit Broker