REVIEWS

Cinpax Review 2022

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Cinpax is an online forex and CFD broker that was founded in 2021 and is currently based in St. Vincent and the Grenadines.

The broker’s focus in the industry is to empower traders with services that unfold hundreds of opportunities in the global market, with more than 10,000+ tradable assets in CFDs across forex, commodities, metals, shares, and cryptocurrencies.

Cinpax Main Features
🗺️Established in: 2021
🏢Headquarters: St. Vincent and the Grenadines
⚖️Regulations: SVGFSA
⚖️Country of regulation: St. Vincent and the Grenadines
💰Minimum Deposit: $250
🖥Platforms: Proprietary Web-Based Platform
🎮Demo Account Available: Yes
💱Leverage: 1:400
💰Withdrawal fee amount: No
💰Inactivity Fee: No
Pros Cons
Great proprietary trading platform High CFD fees
The broad product portfolio of more than 500+ CFDs High minimum deposit
Execution Transparency No 24/7 support availability
Higher Leverage

Global markets are more accessible than one might think. Cinpax allows its clients to trade more than just currencies. Using their proprietary platform, you access American and European markets, allowing you to trade stocks and indices as well.

The forex broker offers the best-traded indices such as DAX, Dow Jones, FTSE, and S&P. Traders can access the energy markets and other commodities, along with global stock companies in without complexity.

cinpax

The broker’s focus in the industry is to empower traders with services that unfold hundreds of opportunities in the global market.

Safety & Regulation

Cinpax is a new broker in the market and still doesn’t hold any major license from top-tier regulators like the FCA, ASIC, or CySEC. However, its operation is monitored by the SVGFSA, and the broker is obligated to follow all standard AML and KYC policies.

Is Cinpax Safe or a Scam?

Even though the broker is not regulated by a top-tier regulator, Cinpax is considered a safe broker to trade with as it maintains all safety, AML, and KYC standards. The company is also very straightforward and transparent with its execution policy.

The broker also offers negative balance protection to its VIP clients.

Furthermore, there is no trail of bad history or malicious misconduct towards clients or any manipulation of funds.

Accepted Countries

Cinpax can offer its services to everyone, except residents of the U.S. Keep in mind that, You are responsible for ensuring that all services and activities of Cinpax.com are authorized in your jurisdiction.

Cinpax is a new broker in the market and still doesn’t hold any major license from top-tier regulators.

Fees

Cinpax has relatively high trading fees overall. The fee structure differs among various account types, and it is not very transparent in order to calculate costs easily.

Also, you are required a higher minimum deposit to get access to lower spreads and better service. This contradicts the statement for supporting new traders to gain access to the market easily.

Furthermore, the broker does not charge any commission for trading.

Leverage

The maximum leverage level of Cinpax is 1:400, which is considered relatively high and offers a good trading advantage.

What is Cinpax’s Minimum Deposit?

The minimum deposit required is $250 or equivalent. However, in order to get access to better service and lower spreads the minimum deposit goes up to $100,000.

Cinpax has relatively high trading fees overall.

Account Opening

This online broker provides five different trading accounts for its clients, the Starter Account, the Basic Account, the Advanced Account, the Professional Account, and the VIP account. Based on the account type, traders can get access to better spreads and leverage levels.

At Cinpax, all possible measures are taken to ensure that client funds and data remain secure.

Here are the account types in more detail:

Starter Account

With as low as 250 USD, trade with up to 1:400 leverage and with 0.1 minimum lot order.

  • Up to 1:400 Leverage
  • Access to Cinpax platform
  • Desktop & Mobile Trader
  • Web Trader
  • Education Center
  • Price Alerts
  • No Commission

Basic Account

Get access to more instruments and bigger assets with up to 10.00 lot orders starting with 2,500 USD.

  • Up to 1:400 Leverage
  • 10.00 Maximum Order Size
  • Dedicated Account Manager
  • Customized Trading Strategy
  • Access to Cinpax platform
  • Education Center
  • Price Alerts

Advanced Account

Profit more with 25,000 USD using diverse portfolio and advanced market analysis.

  • Personal Portfolio
  • Exclusive Daily Market Analysis
  • Research Tools
  • ALL assets in Cinpax platform
  • Variable or Fixed Pricing
  • Education Center
  • Price Alerts

Professional Account

Experience more trading benefits, including a personalized portfolio, with 100,000 USD capital.

  • Hedging Allowed
  • Fixed Pricing
  • Personal Portfolio
  • Exclusive Daily Market Analysis
  • Education Center
  • Price Alerts and Signals
  • Research Tools

VIP Account

Account protection with the lowest market price differences and personalized trading portfolio.

  • Low Fixed Pricing
  • Negative Balance Protection
  • Hedging Allowed
  • Research Tools
  • Exclusive Daily Market Analysis
  • Education Center
  • Price Alerts
This online broker provides five different trading accounts for its clients.

Deposit & Withdrawal

The broker provides different payment methods to fund your trading account. All deposits and withdrawals are processed depending on the level of priority of each account type.

Account Base Currencies

The accounts are only in USD

Deposit Methods available

  • Credit\Debit Card
  • Bank Transfer
  • E-wallets

How to make a deposit?

There are several payment methods offered, from Credit Card, Wire Transfer, as well as several forms of e-payment.

  1. The first step is logging into your account, then go to the ‘Deposit’ section
  2. Click on your preferred method, enter the amount you wish to deposit, and add the payment method details into the fields
  3. Click on ‘Deposit’
The broker provides different payment methods to fund your trading account.

Trading Platforms

While most of the new brokers out there use the vanilla and most used MetaTrader 4(MT4) or MetaTrader 5(MT5) platforms, Cinpax has had time to invest in creating its own proprietary investing platform.

The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most. The interface is easy to understand, and the technical analysis tools are extremely powerful, especially for new traders.

However, the platform is only available via a web browser and can work on both a mobile and desktop version.

The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most.

Markets & Financial Instruments

The broker offers CFD trading in more than 10,000+ assets, with more being added constantly. These individual assets fall under the following asset classes:

  • Currencies
  • Stocks
  • Indices
  • Commodities
  • Cryptocurrencies

The offerings are more than sufficient to have something for everyone, and never miss a market opportunity. Whether you like to trade fiat currencies or cryptocurrencies, stocks or indices, or even volatile commodities, there is something to trade on the platform.

The broker offers CFD trading in more than 10,000+ assets, with more being added constantly.

Customer Service

Cinpax offers several different means of communication for you to reach out to their customer support team. You will find that most means of communication provide lively and fast responses from a team who are highly trained to accommodate all traders’ needs, regardless of the client’s trading experience.

Means Of Communication

  • Live Chat
  • Email Support (customer.info@cinpax.com)
  • Phone Support (+18009851351)
Cinpax offers several different means of communication for you to reach out to their customer support team.

Client Education

Client education is a very important part of a trader’s journey and Cinpax takes that seriously.

Once the minimum deposit is met, clients get access to the company’s education center and resources, which is equipped with everything a trader needs to educate himself with new techniques and strategies.

Client education is a very important part of a trader’s journey and Kiplar takes that seriously.

Conclusion

Cinpax is a CFD and Forex broker that was founded in 2021 and is headquartered in St. Vincent and the Grenadines. This Forex trading broker provides five different trading accounts and floating spreads, along with access to more than 10,000+ different financial assets.

Overall, Cinpax is a legitimate online broker that is worth trading with.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.

Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.