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Conotoxia Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-05 10:45

Abstract：Conotoxia is a CFD broker in Cyprus, which was registered in 2013. This company focuses on the CFD markets, and offers trading services related to forex, indices, shares, ETFs, commodities, cryptos, and futures. More importantly, it is regulated by Cyprus Securities and Exchange Commission (CySEC).

ConotoxiaReview Summary
Founded	2013
Registered Country/Region	Cyprus
Regulation	CySEC
Market Instruments	CFDs (forex, indices, shares, ETFs, commodities, cryptos, futures)
Demo Account	✅
Leverage	Up to 1:30 (Retail clients)
EUR/USDSpread	0 pips
Trading Platform	MT5, cTrader, Conotoxia APP
Min Deposit	400 PLN, 100 EUR, 100 USD or 100 GBP
Customer Support	24/5 support
	Tel: +357 250 300 46 (Cyprus office)
	+48 224 639 988 (Poland branch)
	Email: support@cy.conotoxia.com
	Social media: Twitter, YouTube

　　Conotoxia is a CFD broker in Cyprus, which was registered in 2013. This company focuses on the CFD markets, and offers trading services related to forex, indices, shares, ETFs, commodities, cryptos, and futures. More importantly, it is regulated by Cyprus Securities and Exchange Commission (CySEC).

Pros and Cons

Pros	Cons
Regulated well	Single account type
Wide range of CFD products	Limited payment options
Demo accounts
Flexible leverage ratios
Multiple trading platforms (MT5 included)
No fees for deposits and withdrawals

Is Conotoxia Legit?

　　Yes, Conotoxia is regulated by Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that Conotoxia operates in compliance with the stringent financial standards and practices set forth by CySEC.

Regulated Authority	Current Status	Regulated Country	License Type	License No.
Cyprus Securities and Exchange Commission (CySEC)	Regulated	Cyprus	Market Making (MM)	336/17

WikiFX Field Survey

　　WikiFX field survey team visited Conotoxia's regulatory address in Cyprus, and we found the company's physical office.

What Can I Trade on Conotoxia?

　　Conotoxia offers trading services related to CFDs, and customers can trade forex, indices, shares, ETFs, commodities, crypto, and futures on the platforms provided by Conotoxia.

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptos	✔
ETFs	✔
Futures	✔
Bonds	❌
Options	❌

Account Type

　　Conotoxia only provides one type of account: Smart Account with the minimum deposit requirement of 400 PLN or 100 EUR/USD/GBP.

Leverage

　　The leverage for different types of CFDs is not the same, but on the whole, the leverage can be up to1:30. Customers need to be careful, because high leverage may bring high potential risks.

Spread and Commission

　　Conotoxia claims to offer EUR/USD spread from 0 pips.

　　As for the commissions, different trading instruments have different commission fees.

Trading Instrument	Commission
CFDs Indices	❌
Single Stocks CFD and Single ETF CFD	0.5% per trade deal
Stocks CFD and ETFs CFD	0.1% per trade (min $2)

Trading Platform

　　Conotoxia uses 3 types of platforms, including MT5, cTrader, and Conotoxia APP.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Mobile, Tablet, Web	Experienced traders
cTrader	✔	Desktop, Mobile, Tablet, Web	/
Conotoxia APP	✔	Mobile	/
MT4	❌	/	Beginners

Deposit and Withdrawal

Deposit Options	Base Currencies	Deposit Fee	Deposit Time
Bank transfer	EUR, USD, GBP, and PLN	❌	1-5 working days

Withdrawal Options	Base Currencies	Withdrawal Fee	Withdrawal Time
Wire Transfer	PLN	❌	Requests are processed between 8:00–16:00 CET time
SEPA Transfer	EUR, USD, GBP
International Transfer	EUR, USD, GBP