General Information & Regulation
CCI Traders is an offshore broker registered in Saint Vincent and Grenadines, with the company behind it called CCI Trading Ltd. CCI Traders is unregulated, obviously. It is unsafe to trade with this broker.
Market Instruments
Traders can trade numerous instruments such as Gold, crude oil (Brent crude, light crude), natural gas, forex currency pairs.
Minimum Deposit
CCI Traders claims that traders can start a live trading account with as low as $50. Although the amount seems reasonable, traders should note that CCI Traders is unregulated broker, and it is unsafe to trade with this broker. Besides, for the institutional trading, the minimum deposit is $100,000.
Leverage
When it comes to trading leverage, the maximum leverage level offered by CCI Traders is up to 1:500, which is considered high. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
As per its website, CCI Traders advertises that its fixed spread ranging from 0.01 pips on major instruments, which is too low to be true. Unregulated brokers always love to use these tactics to scam traders.
Trading Platform Available
In terms of trading platform, what CCI Traders offers its traders is not the industry-recognized MT4 or MT5 trading platform, maybe some web-based platform or mobile App, this part not disclosed. However, Most legit brokers would provide MetaTrader platforms.
Deposit & Withdrawal
In terms of payment methods available, MKJ GLOBAL does not make this part clear. In any case, most brokers accept bank wire, debit or credit cards (Visa, MasterCard, Maestro), and e-wallets like PayPal, Skrill, and Neteller.
