Cinpax Review – Are They Safe or a Scam?
Our Cinpax Review 2023
Welcome to our Cinpax review. We’re here to show you whether this online broker is right for your online trading needs. Take a look below and we think you’ll like what you find!
So what is Cinpax? Well, Cinpax is an online broker that lets you trade currencies, futures, and a whole lot more. We found that it offers you an easy way to trade from all over the world. But can you trust Cinpax? That’s where we come in and you’ll need to read our Cinpax review below to find out more!
While we didn’t find any kind of welcome offer in our Cinpax review, we found it very easy to get started at this online trading site. This is because you can set up an account here within the same day.
All that we had to do was to complete the registration form on the site and then we found that Cinpax had sent us our login details via email on the same day. Bear in mind that there is a robust KYC procedure here, but that is in place to ensure your online safety and the security of your overall trading experience.
You can’t fault Cinpax for the sheer usability of its site. From setting up your account to making your first payments, most tasks can be carried out in a quick and intuitive manner. The overall feel of the Cinpax site is professional and functional, and this is extended to the brand’s own trading platforms that we’ll discuss below.
We should mention that there are some great Cinpax trading apps that you can use from any modern iOS or Android device. All of which should help you concentrate on your trading rather than having to figure out how the Cinpax site works.
You’ll get the choice of five different accounts at Cinpax which are called Starter, Basic, Advanced, Professional and VIP. It makes sense to begin at the Starter level where you can trade from as little as $250 and still enjoy leverage of up to 1:400.
From here, you’ll find each higher account level gives you benefits in terms of more instruments and a larger asset portfolio. So if you progress from the Starter level to the Basic level you will find that you get access to your own account manager who’ll help you create your own customized trading strategy, alongside having the use of the education center. Such an upgrade comes at the cost of an increased lot order size and a higher starting deposit size of $2,500.
Other account types such as Advanced and Professional will once again broaden your potential portfolio while demanding higher deposits. Should you make it up to the VIP level, you’ll be able to enjoy a range of extra features such as hedging, negative balance protection and low fixed pricing. All of which means that Cinpax has something to offer everyone regardless of your prior experience of online trading.
Unlike many other online brokers, Cinpax doesn’t use third-party trading platforms such as the ubiquitous MT4. Instead, you’ll find that the brand has its own web trading platform that offers you a very convenient way to carry out your trades. Not that the Cinpax web trader is short of features as you’ll find the full range of charting tools and algorithms for precise market analysis.
What’s best is that the web trader is sophisticated enough to handle some of the more advanced trading strategies such as hedging, while newbies will find it’s easy enough to switch between different markets and monitor the various price movements.
The web trader works on most Windows, Mac and Linux operating systems and you won’t need to download any additional software to get the latest real-time quotes from the markets. Just don’t forget that you can download the Cinpax trading apps for iOS and Android devices and enjoy nearly all of the features of the web trader site.
We found that we could easily make deposits at Cinpax via a debit or credit card brand such as Visa and Mastercard. There is also the option to make a wire transfer, although this has to be from a minimum of $50 at a time. It’s here that we should note you have to deposit at least $250 to start trading at Cinpax.
You’ll find that your deposits should be instantly added to your account, although it’s worth noting that withdrawals may take between one and five business days to be processed. Just so you know, there are no fees for making deposits or withdrawals at Cinpax.
Fees – No Cinpax scams with its fees
So the good news here is that Cinpax doesn’t charge any commission fees for the trades that you execute on its site. However, it’s worth noting that the fees will be incorporated into your trades depending on what kind of account you use. On the whole, these fees were broadly in line with what you’d find at most rival online brokers. Just so you know, there are no fees for setting up or having an inactive account.
We were delighted to find that Cinpax operates a responsive and helpful customer service team. All that you have to do to get in touch is to hit the Help icon in the website header and this reveals a live chat service, a dedicated customer support email address and even a telephone number.
We also appreciated the fact that you can reach out to Cinpax via its Facebook, Instagram and Twitter social media channels. Our only reservation here was the fact that the FAQ section on the Cinpax was a little threadbare. Still, there’s enough here to make you feel well taken care of at Cinpax.
We found that Cinpax is a trading company that operates under the laws of St. Vincent and the Grenadines. This provides some reassurance that Cinpax is acting lawfully and will give you a fair and secure way to carry out your trades. While you can legally use Cinpax from many countries across the world, the online broker doesn’t accept customers from the US.
There are lots of trust features found on the Cinpax site. These range from things like a comprehensive page of terms and conditions that shows you how the brand operates to some handy articles relating to risk disclosure, KYC policy, privacy and policy and so on. All of which shows that Cinpax is an online broker you can trust.
Lots of trading platforms give you more facilities and options than you’re ever going to need, but Cinpax keeps things nicely simple. The only thing to mention here is the fact that some of the more advanced accounts give you access to a range of specialist trading tools. These include an exclusive daily market analysis, access to the education center and some nicely customizable price alerts. Perfect for enjoying a more professional way to trade.
Cinpax has put on a quality online trading platform that’s worth a look for anyone with an interest in forex and futures trading. One of the major pros of using this site is the lack of commission fees and we loved how easy it was to use the Cinpax web trader.
Some people may find that Cinpax doesn’t have the same degree of specialization as some other online brokers, but we found that it offers a good entry level for all of those new to online trading. So make sure that you sign up to Cinpax and start trading!