Forex Trading is provided by Conotoxia Ltd., which has the right to use the Conotoxia trademark. Conotoxia Ltd. is regulated by CySEC (licence no. 336/17). 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Conotoxia Ltd. is a Cyprus based online Forex broker established by a team of experienced professionals within the FX sector. The investment firm is regulated by the Cyprus Security and Exchange Commission (license number 336/17) and is a member of the Investment Compensation Fund. We provide services that are consistent with the highest market standards, always keeping your best interests in mind.
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Conotoxia CTrader gives you a choice of payment methods. Conveniently deposit funds into your account with the best method for you.
Not only do we try to provide you with the lowest trading costs and best quality execution, but we also offer a full range of OTC products that meet all your trading needs. That’s why we have a range of 70 currency pairs and precious metals as well as a wide range of major indices for online trading on a professional trader-focused platform.
Legal & Security
Transparent and Fair
Your funds are fully segregated from company funds and kept in licensed, world-class financial institutions, guaranteeing security.
Conotoxia Ltd. meets the strict legal and capital requirements established by the Cyprus Securities and Exchange Commission.
The company is a member of the Investor Compensation Fund in order to protect you and guarantee the safety of your funds.
Negative Balance Protection
As a benefit for you, we have introduced our Negative Balance Protection feature to ensure that you will not lose more money than you have invested in your account.
Forex - FAQs
Cinkciarz and Conotoxia are trademarks belonging to Conotoxia Holding Group. Forex services provided by Conotoxia Ltd. are available at conotoxia.com/forex.
Forex is provided by Conotoxia Ltd., a Cypriot Investment Firm.
When opening a forex account you become a client of Conotoxia Ltd.. Make sure you read our full Terms & Conditions.
Conotoxia Ltd. is located in Limassol, Cyprus.
Yes, Conotoxia Ltd. is regulated by the Cyprus Securities and Exchange Commission under license number 336/17.
To open a LIVE trading account with Conotoxia you have to:
- register with our platform
- fill out the obligatory fields with your personal and contact details
- upload the two required documents
- fill out an Account Opening Application Form
The process takes less than an hour, if all the required data is filled in correctly.
You have to provide us with two documents in order to confirm your identity and your address. We require:
- A color copy of your valid passport or other official identification document issued by your local authorities (identity card, etc). The identification document must contain your full name, an issue and/or expiry date, place and date of birth and your signature.
- A recent utility bill (e.g. electricity, gas, water, phone, internet and/or cable TV, bank account statement) dated within the last 3 months, confirming your registered address. Please note that we do not accept mobile phone bills as proof of address. We cannot accept any proof of address that only provides a P.O. Box."
As a regulated company, we operate in accordance with our internal procedures which are designed to comply with all legislative and regulatory requirements. These procedures involve the collection of adequate documentation from our clients with regards to the KYC (Know Your Client) procedure.
No. You don`t have to open a Demo account, however, at Conotoxia we believe that it is in your best interest to familiarize yourself with the market specifics and technical conditions of the Trading Platform through which you will enter into transactions, prior to investing in OTC Markets. The best way to do this is to accustom yourself with the demo version of the Trading Platform.
The demo account is valid for 90 days since the last login. Validity of the account will be extended each time you log in.
Leverage is a mechanism that allows you to invest more than you have. It means that even a small change in instrument price may significantly influence your investment result (profit or loss).
Your trading capital is 1.000 EUR
Account leverage is 100:1
This means that you can open a position with a nominal value of 100.000 EUR (100*1,000 EUR)
When trading on EURUSD, a long position opened at 1.19055, closed at 1.19155 is giving you profit of 0.0010 USD (10 pips). For a position with a nominal value of 100.000 EUR (119.155 USD) the difference of 10 pips means profit of 100 USD (100,000*0.0100 = 100 USD).
Warning! Please note that leverage can increase your profits but can also increase your losses. An investor who opens a short position in the aforementioned example would have lost 100 USD due to the slight price change (10 pips).