CPT Markets Account Types

Overall, CPT Markets provides access to 5 Live Trading Accounts,  Classic, Standard, ECN, Prime, and, Platinum. No minimum deposit is required to open a CPT Markets Classic trading account. CPT Markets has a trust score of 4 out of 5.

Overall Rating

• 3.7/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

FCA

Trading Platform

MT4

Crypto

No

Total Pairs

100

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

CPT Markets Account Types – Key Point Quick Overview

1. ☑️ CPT Markets Overview
2. ☑️ CPT Markets Safety and Security
3. ☑️ CPT Markets Account Types and Features
4. ☑️ How to Open and Close a CPT Markets Account
5. ☑️ CPT Markets Demo Account
6. ☑️ CPT Markets Islamic Account
7. ☑️ CPT Markets MAM / PAMM Features
8. ☑️ CPT Markets Trading Platforms
9. ☑️ CPT Markets Range of Markets
10. ☑️ CPT Markets Customer Reviews
11. ☑️ CPT Markets Pros and Cons
12. ☑️ In Conclusion
13. ☑️ Frequently Asked Questions

CPT Markets Overview

CPT Markets is a world-leading leveraged products broker that offers access to over 130+ leveraged product instruments and financial assets, including Forex, Cryptocurrencies, and, Commodities.

CPT Markets Safety and Security

CPT Markets prioritizes client protection by adhering to financial regulations that meet international norms.  Furthermore, CPT Markets is regulated by the FSCA, which ensures robust security measures. These include the separation of customer and operational funds into different accounts, which provides South African traders with an additional layer of financial security.

The platform protects the data flow between traders’ devices and the trading interface with cutting-edge encryption technology, reducing the risk of illegal access. Integrated two-factor authentication improves security during login and trading activities for South African traders utilizing MetaTrader platforms.

CPT Markets has adopted stringent internal measures to counteract fraudulent activity and money laundering and meet external regulatory norms. Upon registration, South African traders are verified to confirm their identity and prevent misleading activities.

CPT Markets Account Types and Features

CPT Markets Classic Account (IFSC Only)

The International Financial Services Commission (IFSC)-regulated Classic Account is available to South African traders who register an account under these regulations.

Furthermore, this account type is perfect for beginners because it provides a simple trading experience with basic spreads and no additional costs.

CPT Markets Standard Account (FSCA Only)

The Standard Account is open to South African traders regulated by the Financial Sector Conduct Authority (FSCA). This account offers modest spreads and fair trading conditions, making it ideal for traders with considerable market expertise.

CPT Markets ECN Account

The ECN Account is a global product that provides direct market access to South African traders via an Electronic Communication Network. This account is designed for experienced traders who want narrower spreads and trading commissions.

CPT Markets Prime Account (IFSC Only)

Under IFSC regulation, the Prime Account, exclusive to IFSC-regulated regions, is also available to experienced and skilled traders in South Africa. This account has very low spreads and uses a commission-based trading structure.

CPT Markets Platinum Account (FSCA Only)

The Platinum Account is intended for South African traders subject to the FSCA and engaging in high-volume trading. This one has the most competitive spreads and commission rates among all the account kinds.

How to Open and Close a CPT Markets Account

To register an account with CPT Markets, South Africans can follow these steps:

• ✅ Visit the official website for CPT Markets.
• ✅ Find and select the “Sign Up” or “Open Account” button.
• ✅ Fill out the registration form with your personal information, including your name, email address, and phone number.
• ✅ Select the best account type that meets your trading requirements (Classic, Standard, ECN, Prime, or Platinum).
• ✅ For verification, submit identification documents, such as a valid South African ID or passport and confirmation of residence.
• ✅ The account approval process could take up to 48 hours.
• ✅ Sign into your new CPT Markets account after approval.
• ✅ Deposit funds into your account using a preferred South African payment method.
• ✅ Configure your trading preferences and parameters.
• ✅ You are now ready to start trading.

To close a CPT Markets account, South Africans can follow these steps:

• ✅ Sign in with your CPT Markets account credentials.
• ✅ Select “Account Settings” or “Profile” from the menu.
• ✅ Find the account closure option, which may be under “Account Management” or a similar heading.
• ✅ Follow the instructions on-screen to initiate the account deletion procedure.
• ✅ You may be required to provide a reason for terminating the account; please provide the pertinent information.
• ✅ Confirm the account termination.
• ✅ Wait for an email or text indicating your account has been closed successfully.
• ✅ Ensure that all funds have been withdrawn before closing the account.

Keep a record of the confirmation of account closure for your files.

CPT Markets Demo Account

CPT Markets allows South African traders to use a demo account to study their platform before committing to a live trading account. Using virtual funds of up to $50,000, traders can simulate realistic market circumstances without risking real money.

With its user-friendly layout, the sample platform is especially beneficial for people new to trading. Clients can use MetaTrader 4, MetaTrader 5, and cTrader to access the platform on both desktop and mobile devices.

While CPT Markets provides distinct advanced tools, their feature set may not be as vast as industry leaders. The risk-free environment allows novices to thoroughly explore the platform and experiment with various trading techniques without risking their funds.

CPT Markets Islamic Account

CPT Markets is a Sharia-compliant Islamic Account built exclusively for South African traders seeking interest-free trading choices.

Those who choose this unique account must sign a “Swap-Free Account Agreement,” which details the account’s adherence to interest-free ideals and its general terms of operation. The Islamic Account strictly adheres to Islamic ‘Riba’ laws, which forbid swaps and overnight interest.

The account accepts traditional trading instruments such as FX pairs, commodities, and indices despite its niche nature. It also has the advanced capabilities of MetaTrader 4 and 5 and user-friendly interfaces.

While the account has attractive spreads and commission rates, administrative costs may be imposed for positions maintained for an extended length of time, as detailed in the terms and conditions.

Overall Rating

• 3.7/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

FCA

Trading Platform

MT4

Crypto

No

Total Pairs

100

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

CPT Markets MAM / PAMM Features

CPT Markets provides a Multi-Account Manager (MAM) system designed for South African professional traders with several accounts.

The MAM platform has an easy-to-use interface, customizable settings for managing each account independently, real-time data on trade executions, and several allocation methods such as percentage, lot, and equity.

These characteristics make it a versatile tool for South African traders of various skill levels, allowing for tailored trading tactics and thorough performance tracking.

CPT Markets Trading Platforms

South African traders can use CPT Markets’ platforms cTrader, MetaTrader 4, and MetaTrader 5. These platforms are intended for both novice and experienced traders. CPT Markets does not provide unique software.  However, it does let customers trade using the well-known MetaTrader platforms. These platforms include sophisticated price and trend analysis capabilities to help traders make informed decisions.

CPT Markets’ trading platforms are well-known for their user-friendly interfaces. They provide various features that help streamline the trading process, from placing orders to tracking market fluctuations.

While some traders may see the lack of custom software as a disadvantage, the existing platforms are sophisticated enough to provide a satisfying trading experience.  CPT Markets has integrated two-factor authentication into its MetaTrader platforms to increase security. This additional protection allows South African traders to trade with greater confidence.

Furthermore, modern encryption technologies secure data transmissions, limiting the possibility of unauthorized invasions or data compromises.

CPT Markets Range of Markets

Traders can expect the following range of markets from CPT Markets:

• ✅ Forex
• ✅ Commodities
• ✅ Stocks
• ✅ Indices
• ✅ Cryptocurrencies
• ✅ Futures
• ✅ Options

Financial Instruments and Leverage offered by CPT Markets

CPT Markets Customer Reviews

🥇 Game Changer!

The ECN Account has been a game-changer for me. As an experienced trader, the tight spreads and rapid market access are exactly what I require. The transaction commissions are moderate, and I believe I receive good value for my money. – Priya Reddy

🥈 Fantastic.

The Platinum Account is a force to be reckoned with for dedicated traders like me.” Spreads and costs are extremely competitive, making it perfect for substantial trading. Being subject to FSCA jurisdiction gives an added layer of trust. Highly recommended for South African traders searching for a competitive advantage. – Jabulani van Niekerk

🥉 Excellent.

As a South African trader, I’ve found CPT Markets’ Classic Account an excellent place to start.” The account provides simple trading conditions and no fees, which is ideal for someone like me who is new to the market. I also value the security precautions, which make me feel more at ease when trading. – Natasha Jacobs

CPT Markets Pros and Cons

In Conclusion

According to our findings, CPT Markets provides a well-rounded portfolio of account types that cater to a wide range of South African traders, from novices to professionals. The regulatory control provided by the IFSC and FSCA enhances credibility and security.

However, there may be room for improvement regarding comprehensive educational resources and ZAR accounts.

Overall, CPT Markets is a realistic option for South African traders looking for a dependable trading environment because of its competitive spreads, advanced trading platforms, and rigorous security measures.

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Frequently Asked Questions

What types of accounts does CPT Markets offer?

CPT Markets has several account categories, including Classic, Standard, ECN, Prime, and Platinum, each with its unique features and bonuses.

Is CPT Markets regulated in South Africa?

Yes, the Financial Sector Conduct Authority (FSCA) in South Africa regulates various account types.

Are there commissions on CPT Markets accounts?

Yes, there are. However, only the ECN account is subject to commissions, which begin at $4 per trade.

What trading platforms does CPT Markets offer?

CPT Markets offers MetaTrader 4, MetaTrader 5, and cTrader trading platforms.

Is my money safe with CPT Markets?

Yes, CPT Markets uses strong security features such as two-factor authentication and powerful encryption techniques.

What are the spreads like on CPT Markets accounts?

Spreads vary by account type, with the ECN account giving spreads as low as 0.0-0.1 pips.

Does CPT Markets offer ZAR accounts?

No, CPT Markets does not provide ZAR accounts, which may be a detriment to some South African traders.