CERMAK

WikiFX | 2024-11-01 22:03

Abstract：CERMAK is a broker. The tradable instruments, with Standard STP and ECN accounts with a maximum leverage of 1:500, include forex and CDFs on commodities, stocks, indices, and metals. The minimum spread is from 0.1 pip and the Standard STP's minimum deposit is $50. CERMAK is still risky due to its unregulated status, high leverage, and closed official website.

CERMAKReview Summary
Founded	2024-01-16
Registered Country/Region	United States
Regulation	Unregulated
Market Instruments	Forex, CDFs(on Forex/Commodities/Stocks/Indices/Metals)
Demo Account	✅
Leverage	Up to 1:500
Spread	As low as 0
Trading Platform	MT5(Windows, Mac, iOS, Android)
Min Deposit	$50
Customer Support	Phone: +995 593372411
Customer Support	Email: contact@cermakfx.com

CERMAK Information

CERMAK is a broker. The tradable instruments, with Standard STP and ECN accounts with a maximum leverage of 1:500, include forex and CDFs on commodities, stocks, indices, and metals. The minimum spread is from 0.1 pip and the Standard STP's minimum deposit is $50. CERMAK is still risky due to its unregulated status, high leverage, and closed official website.

Pros and Cons

Pros	Cons
24/5 support	Unregulated
Various instruments: Forex, CDFs on different assets	Can't open the official website
MT5 available
Demo account available
Leverage up to 1:500

Is CERMAK Legit?

CERMAK is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on CERMAK?

Traders can choose different investment directions because the broker provides forex and CDFs on commodities, stocks, indices, and metals.

Tradable Instruments	Supported
Forex	✔
CFDs on indices	✔
Commodities CFDs	✔
CFDs on stocks	✔
CFDs on metals	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

CERMAK has two types of accounts: Standard STP and ECN. Traders who want low spreads can open an ECN account and those who prefer free commission choose the Standard STPaccount. Novice traders can also try a demo account first.

Account Type	Standard STP	ECN
Maximum Leverage	1：500	-
Minimum Spread	0.8 pip	0.0 pip
Minimum Deposit	$50	-
Commission	$0	$3

CERMAK Fees

The spread starts from 0.1 pips, and the Standard STP account is commission-free.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

CERMAK has an authoritative MT5 trading platform for Windows, Mac, iOS, and Android to trade. Compared with MT4, experienced traders prefer MT5.

Trading Platform	Supported	Available Devices
MT5	✔	Windows, Mac, iOS, Android

Deposit and Withdrawal

Theminimum deposit of a Standard STP account is $50. However, due to the closed official website, transfer processing times and associated fees are unknown.

Customer Support Options

CERMAK provides 24/5 customer support, and traders can contact the broker via phone and email.

Contact Options	Details
Phone	+995 593372411
Email	contact@cermakfx.com
Supported Language	English
Website Language	English
Physical Address	Bonovo Road, Fomboni, lsland of Mohéli, Comoros Union