CK Markets Review 

Category: Reviews | Author: Trading Brokers | Date: December 30, 2023

CK Markets, a broker asserting a global presence with over 1,500,000 clients, offers a diverse range of trading instruments and promotes a dynamic approach to address client needs. However, the offshore registration in Saint Vincent and the Grenadines, coupled with a notable absence of licensing, introduces substantial concerns regarding the credibility and safety of this broker.

In this review, our focus will center on the essential features and services provided by CK Markets. We will closely examine their regulatory compliance, trading platforms, educational resources, available markets, account types, and various other aspects. Additionally, we will impartially outline both the advantages and disadvantages associated with engaging with CK Markets. The purpose is to present a balanced overview to assist you in evaluating whether CK Markets aligns with your specific trading requirements.

Pros & Cons

  • CK Markets claims to offer 24/7 customer support
  • CK Markets offers a variety of trading instruments, including forex, cryptocurrencies, commodities, and indices
  • The broker provides the popular MetaTrader 4 platform for trading
  • CK Markets offers multiple account types to cater to different trading needs
  • The broker provides a range of funding methods, including bank wire, credit/debit card, Neteller, and Tether
  • 1-click trading and 3 chart types
  • Poor transparency around execution quality, order flow
  • CK Markets is not regulated by a reputable financial authority
  • No investor protection or compensation

Summary

CK Markets

CK Markets

CK Markets is a forex and CFD broker that offers a variety of trading opportunities to its clients. Established in 2017 and registered in Saint Vincent and the Grenadines, The broker provides access to a wide range of markets, including forex, commodities, indices, and cryptocurrencies. This means that traders have a wealth of options at their fingertips, allowing them to diversify their portfolios and find opportunities in different market conditions. One of the standout features of CK Markets is its trading platform. The broker offers the popular MetaTrader 4 platform, which is known for its user-friendly interface, advanced charting capabilities, and wide range of trading tools. This platform is available on both PC and mobile, so traders can manage their positions and monitor the markets wherever they are.

In terms of account types, CK Markets offers three options: Cent, Standard, and ECN. These accounts cater to different types of traders, from beginners to experienced professionals. The Cent account is ideal for beginners and those with smaller deposits, while the Standard and ECN accounts offer more advanced features and tighter spreads. CK Markets also offers a variety of funding methods, including bank wire transfer, credit/debit card, Neteller, and Tether. This makes it easy for clients to deposit and withdraw funds from their trading accounts.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

The CK Markets claims that they are incorporated in St. Vincent & the Grenadines Financial Service Authority (SVG FSA) with the registration number: 24405 IBC 2017. However, further research indicates that the SVG FSA does not actually regulate or oversee forex brokers. Additionally, searches in the registries of other claimed regulators like the Financial Services Commissions of Mauritius, Belize, and the British Virgin Islands yielded no matches for CK Markets. Without proper licensing from financial authorities, traders’ funds may be at serious risk when depositing with unregulated brokers like CK Markets.

Given the concerning lack of verified licensing, traders are advised to consider regulated alternatives. Dealing with properly regulated forex brokers that hold licenses from reputable authorities like the UK’s Financial Conduct Authority (FCA) or Australia’s Australian Securities and Investments Commission (ASIC) can provide clients with much-needed protections and recourse. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

CK Markets offers platforms and a variety of tools to facilitate trading for its clients. The primary trading platform provided by CK Markets is MetaTrader 4 (MT4), a popular choice among traders worldwide. MT4 is known for its user-friendly interface, advanced charting capabilities, and a wide range of technical analysis tools. It also supports the use of Expert Advisors (EAs) for automated trading. The MT4 platform is available in various formats, including desktop, web-based, and mobile applications. This ensures that traders can manage their accounts and trade from different devices, providing flexibility and convenience.

MT4 Platform

MT4 Platform

In addition to the core MT4 platform, CK Markets also provides some useful trading tools to assist clients. These include:

  • Copy Trading Network: This feature allows less experienced traders to copy the trades of more seasoned traders. It’s a great way for novice traders to learn from the strategies of experienced traders and potentially benefit from their expertise.
  • Free VPS Access: CK Markets offers free access to Virtual Private Servers (VPS). This can help improve trade execution speeds and the performance of EAs. A VPS can run your trading platform 24/7, ensuring that your EAs can operate at all times and that your trades are executed as quickly as possible.
  • Full EA Functionality: CK Markets allows unrestricted use of Expert Advisors and other automated trading strategies on the MT4 platform. This can be particularly beneficial for traders who prefer to automate their trading strategies, as EAs can execute trades automatically based on pre-set parameters.
  • One-click trading: One-click trading is a feature available in the popular Metatrader 4 (MT4) trading platform, which allows traders to execute trades with a single click. This function is designed to simplify the trading process and reduce order execution time

Education

CK Markets offers a variety of educational resources to help traders get started and improve their trading skills. These include:

  • Introduction to Forex Trading: This is a comprehensive guide that covers the basics of forex trading. It explains what forex is, how it works, and the basics of technical and fundamental analysis. This resource is particularly useful for beginners who are new to forex trading.
  • Advanced Trading Strategies: For more experienced traders, CK Markets provides in-depth discussions of complex trading strategies. These resources can help seasoned traders refine their strategies and stay up-to-date with the latest market trends.
  • Technical Analysis Techniques: CK Markets offers resources on technical analysis techniques. These can help traders understand how to analyze price charts and identify potential trading opportunities.
  • Market Analysis: CK Markets provides market analysis resources. These can help traders understand the current state of the market and anticipate potential future movements.
  • Demo Account: CK Markets offers a demo account that allows traders to practice their strategies in a risk-free environment. The demo account comes with virtual funds and replicates real market conditions, providing a realistic trading experience.

Markets

CK Markets offers a variety of markets for its clients to trade in. Here’s a look at each of them:

  • Forex: CK Markets provides access to over 60 forex currency pairs. This includes major pairs like EUR/USD, minor pairs like EUR/GBP, and exotic pairs like USD/ZAR. Forex trading involves buying one currency while simultaneously selling another, and traders profit from the changes in the relative values of the two currencies.
  • Cryptocurrencies: CK Markets offers trading in several cryptocurrencies, including Bitcoin, Litecoin, and Ethereum. Cryptocurrencies are digital or virtual currencies that use cryptography for security. They are decentralized and can offer significant profit opportunities, but they are also highly volatile and can be risky to trade.
  • Commodities: Traders at CK Markets can trade in a variety of commodities, including gold, silver, and oil. Commodities trading involves speculating on the price of raw materials or primary agricultural products. Commodities can be a good way to diversify a trading portfolio, as their prices can be influenced by different factors than those affecting currency or stock prices.
  • Indices: CK Markets also offers trading in equity indices. Indices represent the value of a group of stocks from a particular country or industry. Trading indices allows traders to speculate on the performance of entire sectors of the economy without having to buy shares in every individual company.

Accounts

CK Markets offers three types of accounts to cater to different trading needs: the Cent account, the Standard account, and the ECN account. Here’s a look at each of them:

  • Cent Account: The Cent account is designed for beginners or those with smaller deposits. The minimum deposit for this account is $30. It offers instant execution of orders, which means trades are executed at the best available price with no requotes. The spreads start from 2.5 pips, and the leverage goes up to 1:200. It support the MetaTrader 4 platform and offer a variety of trading instruments. It also offer swap-free options for traders who cannot earn or pay interest due to religious beliefs. This account also provides a margin call at 60% and a stop out level at 30%. The Cent account allows for hedging and offers negative balance protection, which means traders cannot lose more than their deposited amount.
  • Standard Account: The Standard account is suitable for more experienced traders. It requires a minimum deposit of $100. Unlike the Cent account, the Standard account offers market execution of orders, which means trades are executed at the best available market price. The spreads are tighter, starting from 1.3 pips, and the leverage goes up to 1:500. The margin call is at 60%, and the stop out level is at 30%. Like the Cent account, the Standard account also allows for hedging and offers negative balance protection. It support the MetaTrader 4 platform and offer a variety of trading instruments. It also offer swap-free options for traders who cannot earn or pay interest due to religious beliefs.
  • ECN Account: The ECN account is designed for professional and high-volume traders. It requires a minimum deposit of $100, like the Standard account. It support the MetaTrader 4 platform and offer a variety of trading instruments. It also offer swap-free options for traders who cannot earn or pay interest due to religious beliefs. However, it offers ultra-tight spreads starting from 0.1 pips and leverage up to 1:500. This account provides direct market access, which means traders can interact directly with liquidity providers. The margin call is at 80%, and the stop out level is at 50%. The ECN account also allows for hedging and offers negative balance protection.

Funding

CK Markets offers a variety of funding methods to make it easy for clients to deposit and withdraw funds from their trading accounts. The available funding methods include:

  • Bank Wire Transfer: This is a traditional and secure method of transferring funds. However, it can take a few business days for the funds to appear in your trading account.
  • Credit/Debit Card: CK Markets accepts both Visa and Mastercard. This is a quick and convenient way to fund your account, with the funds usually available instantly.
  • Neteller: This is a popular online payment system. It’s a good option if you want to transfer funds electronically without sharing your bank account details.
  • Tether: This is a type of cryptocurrency that’s pegged to the value of the US dollar. It’s a good option if you want to fund your account with cryptocurrency but avoid the volatility of other cryptocurrencies like Bitcoin or Ethereum.

Conclusion

In conclusion, CK Markets offers traders access to a variety of markets, including forex, cryptocurrencies, commodities, and indices. The broker provides the popular MetaTrader 4 platform along with web and mobile app access. Multiple account types are available to accommodate traders of all experience levels. However, it’s worth noting that while CK Markets offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews. Remember, trading involves risk and it’s important to do your own research before choosing a broker. Make sure the broker you choose aligns with your trading goals and risk tolerance. Happy trading!

CK Markets Logo

$100

CK Markets is a forex and CFD broker registered under the Financial Service Authority (FSA) as an International Business Company. The company offers a variety of trading instruments including currencies, commodities, indices, CFDs, and cryptocurrencies.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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