Overall CCI Traders can be described as low risk and has an overall rating of 7 out of 10. CCI Traders offers a maximum leverage ratio of 1:500 with a minimum deposit amount of $50/R800 and is regulated by FSC.
CCI Traders at a glance
| 🔍 Broker's Name | CCI Traders |
| 📍 Headquartered | Kings Town, St. Vincent |
| 📅 Year Founded | 2008 |
| ⚖️ Regulating Authorities | Registered in St. Vincent & The Grenadines under FSA, Financial Services Commission (FSC) in Mauritius |
| 🌐 Countries not accepted for trade | Canada, North Korea, Syria, South Sudan, US, UK, and Yemen |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $50/R800 |
| 💳 Deposit Options | Wire Transfer, Visa, MasterCard, Bank guarantee, BTC, E-Payment |
| 💳 Withdrawal Options | Wire Transfer, Visa, MasterCard, BTC, E-payment |
| 💻 Platform Types | MetaTrader 5 platform or the proprietary XOH platform |
| 📱 OS Compatibility | Windows, Apple (Mac), Linux, Windows Phone, Android, iPhone |
| 📈 Tradable assets offered | · Forex · Major Indices · CFDs · Precious Metals · Oil · Commodities · CFD Stocks |
| 👨💼 Languages supported on Website | English only |
| 👥 Customer Support Languages | English only |
| 📆 Customer Service Hours | 24 hours per day 5 days per week |
| 👉 Open a account | 👉 Click Here |
Overall Rating
4.7/5
Rated #225 of
Recommended FX Brokers
Minimum DepositUSD 50
RegulatorsFSC, FSA
MetaTrader 5
Yes
📈 Total Pairs
50+
Islamic AccountYes
Trading FeesLow
24 Hours
CCI Traders Review – 17 Key Point Quick Overview
FXPIG was first founded in 2010 in New Zealand and later relocated to Vanuatu, and since its inception the company has based its brand ethos on the notion of total transparency provided on a fund and quirky platform with a personal touch.
CCI Traders Overview
According to research in South Africa CCI Traders is a forex broker company with headquarters in St. Vincent and The Grenadines.CCI Traders was established in 2008 and obtained a brokerage licence in 2019. It provides training services worldwide and trading on commodities such as metals and energy, major global indices, currencies and several CFD products.
CCI Trading Ltd. is registered in St. Vincent & The Grenadines under FSA while another subsidiary is authorised and regulated by the Financial Services Commission (FSC) in Mauritius. CCI Traders however offers clients an insurance cover of up to $1 000 000 against errors, frauds, embezzlement, negligence, and hacking.
Although it is a global broker, clients are mainly from the Middle East, Africa, and Asia with some from other countries. CCI Traders was one of the first brokers that did away with swap charges for all categories of clientele, therefore it does not offer a specific account for Islamic traders, but Islamic traders can make use of the broker’s services without contravening Shariah Law.
CCI Traders also does not charge a commission on any of its products. It guarantees fund segregation, offers low spreads, low minimum deposits, high leverage, negative balance protection, and direct market execution with ECN trading facilities.
Retail clients only need a minimum deposit of $50 and funding methods include debit/credit cards, eWallets and Bitcoin, with all deposits processed instantly. CCI Traders offers a 50% bonus on a first deposit.
CCI Traders Safety and Security
One of the best benchmarks to measure the safety of a broker like CCI Traders, is to establish which regulating authorities are watchdogs over its actions. CCI Traders is the brand name of CCI Trading LLC, which is registered in St Vincent & Grenadines. Although established in 2008, the broker services were founded in 2017 and obtained an FSA licence only in 2019.
CCI Trading Limited, the other subsidiary, recently received its regulatory license from the Financial Services Commission (FSC) in Mauritius.
CCI Traders is an offshore broker and only regulated as such, which tends to give it a less favourable reputation and potential traders should think carefully before investing with such a broker.
Secondly, the safety or clients’ funds should be guaranteed and in the case of the company defaulting or going bankrupts, a safety net of some sorts would come in handy to prevent customers of taking more losses.
CCI Traders does offer clients an insurance cover of up to $1 000 000 against errors, frauds, embezzlement, negligence, and hacking.
CCI Traders Sign up Bonus
CCI TRADERS does offer a first-time sign-up bonus of 50% on all deposits from $50 to $2000 by retail clients who register a real account. This is called a deposit bonus or a welcome bonus. These bonuses are often the best way for brokers to attract new traders to register for a real account and usually depend on the amount that traders deposit.
Such bonuses can serve as trading credit in trading activities and the amount itself is usually non-withdrawable. Profits which are made while using the trading credit or bonus can be withdrawn, however. Traders can use the 50% bonus offer to reduce their risk in a live trading account and maximise profit.
The condition for the deposit bonus is very flexible and every client is entitled to receive this bonus upon first funding request and account replenishment.
The bonus can be given on all deposits from $50 to $2000 to all retail accounts and profit made trading the bonus can be withdrawn.
All deposit methods can incur the bonus.
The bonus is separated from your account for transparency.
Replenishing an account can make the 50% bonus applicable.
MAM account investors can also receive the 50% bonus.
Traders also need to remember that demo accounts are not eligible for such bonuses. To apply for an IB partnership programme, traders should send an email.
CCI Traders Minimum Deposit
CCI Traders has a minimum deposit requirement of only $ 50. This minimum deposit amount was equivalent to ZAR 710 at the average exchange rate between the US Dollar and the South African Rand at the time of writing.
The minimum initial deposit required to open a professional account is $10 000 and the Institutional account can be opened with an initial deposit of $100 000. CCI Traders is authorised and regulated in St Vincent & Grenadines, which prescribes that client funds must be kept separate from the broker account and can only be used by traders to conduct trading activities.
CCI Traders gives detailed information about its deposit and withdrawal conditions once you have registered and logged on to your profile on their site. Transactions are supposed to be fast and different payment options for deposits are available, including Credit/debit cards, Bank guarantee, E-Payment Perfect Money, Bitcoin, and local deposits.
The availability of Bank transfers depends on a country-to-country basis but there are no extra fees charged to depositing money.
Withdrawal methods available are Wire Transfer, Visa, MasterCard, BTC and E-payment. Withdrawals are promised to be processed within 24 hours and all the basic payment methods indicate that funds should be available immediately, but international and local bank transfer options will vary in time for availability.
CCI Traders Account Types
A forex account at CCI Traders is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.
CCI Traders offers clients three options of trading accounts: CCI ECN Mini, CCI ECN Premium and CCI ECN Institutional accounts, as well as three different account levels (Retail, Professional, and Institutional) with increasing minimum deposits and different conditions.
Since CCI Traders did away with swap charges for all categories of clientele, it offers the same accounts for Islamic traders.
CCI Traders Account Features
Accounts usually differ in the way spreads or commissions are applied, what minimum deposit is needed to open that type of account and certain services or advantages that account holders may get access to.
Key features of CCI Traders’ accounts include the following:
Access to all popular trading instruments
Offers negative balance protection
Zero swaps are charges
Direct market execution of trades
The main differences can be found in the minimum deposits, trading platform, spreads and maximum leverage that can be used. Traders on the ECN Mini, Premium, or Institutional accounts execute trades from MetaTrader 5, while clients with CCI Standard accounts can access CCI Trader’s proprietary offering, the ‘XOH Trader’.
| ✅ Institutional Account | ✅ Professional Account | ✅ Retail Account |
| 💰 Minimum Deposit $100,000/R 1 600 000 | 💰 Minimum Deposit $10,000/R160 000 | 💰 Minimum Deposit $50/R 800 |
| 👍 Access to all instrument | 👍 Access to all instrument | 👍 Access to Major Instrument |
| 📈 Up to 1.100 Leverage | 📈 Up to 1.200 Leverage | 📈 Up to 1.500 Leverage |
| 📍 No Swap | 📍 No Swap | 📍 No Swap |
| 📊 Fix Spread | 🌐 Negetive balance protection. | 📊 Fix Spread |
| 🌐 Negetive balance protection | 🌐 Negetive balance protection. |
Retail Account
The retail account is the basic account and requires a minimum deposit of $50. It allows traders a maximum leverage of 1:500 and spreads are fixed. The account gives traders access to major instruments, no swaps are charged on the account and negative balance protection is provided.
Professional Account
The professional account requires a minimum initial deposit of $10 000 but offers better trading conditions. Traders get access to all the assets offered by CCI Traders, but the maximum leverage allowed is lowered to 200:1.
No swaps are charged, and negative balance protection is provided on accounts. The professional trading account comes with variable spreads based on the specific instrument traded.
Institutional Account
The Institutional account requires a minimum initial deposit of $100 000 and gives traders access to all available assets, but leverage drops further to 100:1. This account also has no swaps, has negative balance protection, and spreads are fixed.
How to set up a CCI Traders Demo Account – Step by Step
To set up a demo account with CCI TRADERS, traders can follow these steps:
1.Step 1: Go to CCI Traders website.
Navigate to the CCI Traders website and select to open a new account.
2.Step 2: Complete the form.
Fill out the form with the requested information like your name, email address, country, phone number and click on ‘Register’.
3.Step 3: You can now access your Client Cabinet.
You will receive a verification email and when confirming, it will lead you to the Client Cabinet from where you can open as many demo accounts as you wish.
CCI Traders Trading platforms
The forex trading platform provided by CCI Traders to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
CCI Traders provides its clients with the choice of the modern MetaTrader 5 platform or the broker’s proprietary XOH platform.
The XOH Trader can be used as web, desktop, or mobile applications, while MT5 is only accessible as downloadable desktop and mobile versions. Both the platforms are technologically advanced, offering economic news, advanced charting and multiple indicators, notifications and alerts, a variety of chart types and time frames, all easy to use and transparent.
CCI Traders claims to grant traders access to more than 3 000 assets, and they can use either STP or ECN execution.
Features of the CCI Traders MetaTrader 5 desktop platform include:
Supports all browsers and makes it accessible on all computers
Platform is compatible with Windows, Linux, macOS, Android and iOS operating systems
Equipped with all order types, including market, pending and instant order types
Traders can monitor three chart types in 21-time frames
Over 80 in-built technical indicators and analytical objects are provided
Manual and automated trading execution possible
Hedging and scalping are allowed
Contains advanced market-depth functions
Traders can place price alerts, monitor the live global economic calendar, and execute one-click trading
Provides the option to download, purchase or rent trading indicators from the codebase
CCI Traders Fees, Spreads, and Commissions
Trading cost with CCI Traders depends on several factors, like spread and margins, and clients may also experience different fee structures according to their country of residence. The spread of a currency pair is the difference between the bid and the ask rate and is represented by a pip – the smallest increment that an exchange rate can move.
Margin is the amount of money required in a trader’s account to open a position. Margin is calculated with use of the current price of the base currency against USD, the size or volume of the position and the leverage applied to the trading account.
The CCI Traders website does not divulge much information about the broker’s fees, costs or spreads and only mentions transparent spreads which should be visible on the live platform.
This CFD broker offers both fixed or flexible spreads, with the latter starting at 0.1 pips on FX pairs, and in the case of commodities, the minimum spread is around 0.2 for crude oil and spot silver, and slightly more for spot gold.
CCI Traders does not charge commissions on any of their products, but only gets its earnings from the spreads. CCI Traders seems not to charge any additional fees like deposit fees or inactivity charges.
CCI Traders Deposit and withdrawal
Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ. In the case of CCI Traders a trader will only get detailed information about its deposit and withdrawal conditions once they have fully logged into their profiles on the site.
Transactions are however promised to be done fast and different payment options for deposits are available.
All the basic deposit methods indicate that funds are available immediately, but international and local bank transfer options will vary in time for availability. It seems that there are no fees charged for deposits.
CCI Traders offers traders the following payment methods which can be used when making deposits:
Wire Transfer
Visa
MasterCard
Bank guarantee
BTC
E-Payment
Same day withdrawals processing is also advertised. Withdrawals can be done with Wire Transfer, Visa, MasterCard, BTC and E-payment.
Overall Rating
4.7/5
Rated #225 of
Recommended FX Brokers
Minimum DepositUSD 50
RegulatorsFSC, FSA
MetaTrader 5
Yes
📈 Total Pairs
50+
Islamic AccountYes
Trading FeesLow
24 Hours
CCI Traders vs Etoro vs XM – A Comparison
| 🔎 Broker | 🥇Fondex | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $0 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | None | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:30 | 1:400 | 1:888 |
| 💵 Currency Pairs | 80 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
CCI Traders Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “CCI Traders” is entered into Google’s search engine over a given period of time.
CCI Traders Pro and cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading possible | No US Clients accepted |
| High leverage allowed | Not properly regulated |
| Low minimum deposits | Website lacks some information |
| Low spreads offered | |
| Negative balance protection offered | |
| Proprietary trading platform offered | |
| Segregated client funds used |
Conclusion
CCI Traders provides a range of diverse services that include retail trading, hedging and broking and offers a range of about 100 CFD products across FX, commodities, stocks, and indices from two trading platforms. The broker offers good programmes and bonuses, and fair educational content for beginners, like a one-hour educational video on the basics of the forex markets.
Information regarding fees and spreads are minimal, as is a detailed listing of assets available to trade.
Risk Management
CCI Traders is a financial services company that provides online trading services for forex, stocks, commodities, and other securities, including risk management. Risk management refers to the process of identifying, assessing, and managing the potential risks associated with trading in financial markets.
CCI Traders may offer a range of risk management tools and services, such as trade analysis, market analysis, and risk management strategies, to help clients manage and mitigate the risks associated with online trading.
Additionally, CCI Traders may offer its clients the ability to set stop-loss orders, which are orders that automatically close a trade when a certain price level is reached, as a way to manage and limit potential losses. It’s important for clients to carefully consider their investment goals, experience, and risk tolerance when deciding to trade with CCI Traders or any other financial services provider.
Disclaimer
CCI Traders warns potential customers that Forex and CFDs trading always carries a considerable risk and may not be suitable for all investors. Before deciding to trade with CCI Traders, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
CCI Traders warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence CCI Traders cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
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Frequently Asked Questions
What type of financial products does CCI Traders offer?
CCI Traders offers a range of financial products including Forex, commodities, indices, and stocks for trading.
What is the minimum deposit required to open an account with CCI Traders?
The minimum deposit requirement to open an account with CCI Traders is not specified.
Does CCI Traders offer a demo account?
Yes, CCI Traders offers a demo account for users to practice and familiarize themselves with the trading platform before trading with real money.
What types of trading platforms does CCI Traders support?
CCI Traders supports the popular MetaTrader 4 (MT4) trading platform.
What is the maximum leverage offered by CCI Traders?
The maximum leverage offered by CCI Traders is not specified. It is advisable to check with the broker for current leverage options.
