Introduction to CPT Markets Review
CPT Markets, also known as Citypoint Trading is an international forex and CFD broker. The brand is better known in Asia and recently began expanding into more markets. Under new ownership and new management, CPT Markets took a number of steps in 2019 to develop the business. These steps include increasing headcount, moving to new offices in Canary Wharf, increasing the companies FCA license to the full scope of services permitted, integrated the cTrader platform and became a non-trading member of the London Stock Exchange.
As well as having a presence in the UK, CPT Markets also has offices in Hong Kong and Belize.
About CPT Markets
The CPT Markets brand operates two separate companies within the same group. This group is called Tahoe Group International Limited.
In the UK; Citypoint Trading Limited is trading under the name CPT Markets UK is regulated by the UK’s Financial Conduct Authority under reference number 606110.
In Belize; Tahoe Group International Limited (TGIL) is trading under the name CPT Markets, the company is licensed by the International Financial Services Commission of Belize under License No. IFSC/60/430/18(33)h.
CPT Markets Trading Conditions
The trading conditions you will experience with CPT Markets will greatly depend on whether you open your account with the UK or Belizean company. The CPT Markets UK website has a useful table which explains the differences between the companies. Besides leverage registrations inherited from ESMA’s product intervention measures, CPT Markets UK has a very different product offering.
CPT Markets UK does not offer cTrader, does not offer trading on cryptocurrencies. Even with a professional account with CPT Markets UK, the maximum available leverage for Forex pairs is 1:200.
The below table shows details from CPT Markets in Belize.
|Asset Classes||Forex, Indices, Oil, Metals, Cryptocurrencies|
|Total Number of Trading Pairs||54|
|Trading Commissions||No (Pro) Yes (Standard)|
|Trading Platforms||cTrader, MetaTrader 4, ClearPro|
|Avg Spread (EURUD)||0.1 (Pro) | 1.6 (Standard)|
Accessibility CPT Markets
Because CPT Markets has both a UK FCA regulated entity as well as a Belizean regulated entity, the firm can provide forex trading services around the world, with the obvious exception of the United States.
|Deposit Methods||Visa, Mastercard, Skrill, Neteller, UnionPay, Wire Transfer|
|Deposit & Account Currencies||USD|
CPT Markets Review Conclusion
The companies website seems to have been recently launched. The website is slow, hard to navigate and lack a lot of important information. Hopefully, this is a work in progress and further improvements can be expected as part of the companies long term developments plans. At this stage, we would suggest exploring alternative forex brokers with the cTrader platform.