Concorde Investments is a forex broker that has its headquarters based in Cyprus. They provide five types of accounts for their users; however, they don’t allow a user to use a demo account.
Their account types are like – discovery, silver, gold, premium and VIP.
All of these accounts differ according to the offered facilities. The minimum account deposit for opening up an account with them is 200 Euro.
Authorization
Concorde Investments is the new name of the company Skopalino Finance ltd. This investment broker is regularised by the Cyprus Securities and Exchange Commission (“CySEC”).
Concorde Investments (Cyprus) Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 189/13)
Besides abided by the CySEC, the company also has to follow the constraints of the European union’s rule. By abiding with the European Union, they have to make capital adequacy requirements fulfilled; they have to segregate the funds of their clients and report a regular transaction report.
They also have to provide negative balance protection for their customers.
Platforms used
They are up with the latest technology to satisfy their client’s needs. They provide MT4 platforms for all of their web-based interfaces that have a resemblance to Sirix.
As MT4 platform comes with the variety of charts for analysis, they employ a unique feature of expert advisors by trading bots. Hence traders love to work with this platform.
Leverages
They have excellent leverages available for their retail clients that are professional in their field. They offer leverage on 1:100, which is good enough for a retail trader on a day trading basis.
Spreads
Although they do not disclose the spreads they provide to the general public, but after opening an account, they give their spreads bifurcation of different financial instruments.
Their spread has a range of 0.3 to 0.9, which is good enough for a retail trader.
Opening account
Opening of an account is effortless as the new user has to click on the button saying- become a client, and the process is all the same as other reputed brokers. One thing an individual should keep into his mind that they have an offshore forex branch that is located in Dubai.
Its Dubai subsidiary is under suspicion as it has not disclosed its regulatory body; hence it has to keep in mind that you register with the one who has licensed by CySEC.
Third-party installation
On opening an account with them, they urge their clients to install TeamViewer and Any Desk which are both remote desktop application software.
However, one may think that this software is the cause of the breach of securities, but actually, this software provides a helping hand to their users if they have any difficulty in accessing their accounts.
Conclusion
As CySEC regulates them, so one can freely open his/her account with a concord-investment broker. It packs features and services that traders and finance experts cannot resist.
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