Cymazel
Comprehensive overview of Cymazel
Cymazel is a distinguished brokerage firm providing trading opportunities to both individual traders and legal entities through a unified account encompassing diverse markets. Traders can efficiently navigate their operations using cutting-edge trading tools, a wide array of options for diversifying their portfolios, and access to a wealth of educational resources.
Regarded as one of the most dependable intermediaries for client investments, Cymazel prides itself on upholding values of integrity, transparency in transactions, ongoing business enhancement, a steadfast commitment to progress and expansion, and a seasoned team of trading and investment professionals.
Official stance and documentation of Cymazel
Cymazel offers a Russian version of its website, underscoring its eagerness to cater to clients from Russia. Nevertheless, as of the close of 2023, Russian users can only access the broker’s services via a VPN, as direct access is currently restricted. This restriction likely stems from the company offering financial services without the requisite license from the Russian financial watchdog, the Central Bank.
While the company’s website purports to possess a regulatory document from the UK regulator, the Financial Conduct Authority (FCA), this claim remains unverified. For authentication, it is advisable to consult the official FCA website. However, it’s important to note that an FCA license or any other foreign license does not authorize the provision of financial services to Russian residents sans approval from the Central Bank.
Trading instruments and platforms at Cymazel
Traders at Cymazel have access to premier financial markets, minimal spreads, instant order execution, and a minimal trade size.
The diverse range of assets on offer includes currencies, equities, metals, ETFs, commodities, cryptocurrencies, and indices, with the total count of tradable assets exceeding 200. Trading activities are facilitated via a platform that is compatible with various devices.
Trading accounts at Cymazel
The website does not feature traditional account types or services with additional conditions.
Upon registration, users can select from three account options:
- A Basic account requiring an initial deposit of $150, ideal for novice traders.
- An Advanced account necessitating deposits starting at $1,000, tailored for seasoned traders.
- An Elite account commencing at $5,000, granting access to all assets and tailored for experienced clientele.
Deposits and withdrawals at Cymazel
Transactions are facilitated through cryptocurrency transfers, bank transfers, cards, and electronic payment systems.
Details pertaining to withdrawal guidelines are not publicly disclosed, including information on commissions and other related aspects. The broker recommends clarifying such details through the user’s personal account post fund deposition.
Final Thoughts
Cymazel is a UK-based brokerage firm that offers trading across a myriad of markets with a diverse selection of over 200 assets and a three-tier educational system.
The absence of traditional account types on the website is notable.
Information about the organization, project owners, and contact details are presented in a manner that facilitates direct and unilateral communication.
Furthermore, it’s imperative to note that the broker operates without a license and disclaims responsibility towards clients in the client agreement.
This review has been prepared by the specialists at ExpertsReview.