Cinpax is a CFD and forex broker that has launched online in 2021. Based in the Caribbean nation of St Vincent and the Grenadines they are looking to bring new advantages and opportunities to traders. As a new broker they are just getting started, but have built a solid reputation thus far, and are gaining the trust of the trading community. The rest of our review will help prospective clients determine if Cinpax can meet their needs.
Cinpax has focused their platform on the needs of traders, and as such they offer over 10,000 individual assets on a proprietary trading platform that is customized to help and support traders. In addition, there are five tiers of accounts offered by the broker, which gives every trader a set of features that will work best for them.
In the following review we will dig deeper into the account types, platforms, fees and other features of Cinpax. For the most current information regarding the broker, we do recommend you visit their website.
St Vincent and the Grenadines does not have a regulatory agency, but they do have the St Vincent and Grenadines Financial Services Authority (SVGFSA), and that organization is providing oversight of the broker. They ensure that all the KYC and AML regulations are followed properly, giving the broker a sense of security and trust.
The broker is very transparent in their operations, and that is probably a part of the reason that they are so well received by the investing community, with no negative feedback posted online regarding the broker.
While it is true that some traders worry about using offshore brokers, they can provide some benefits for traders. One of these benefits is the ability to access leverage that goes as high as 1:400 for some assets. The broker is also able to offer deposit and trading bonuses, which is something not possible for brokers who are regulated by European Union regulators.
Cinpax has a number of account tiers, with increasing deposit requirements, along with increased features and benefits. With a tiered structure like this the broker can reward their largest, most active traders, while still providing plenty of benefits to their smaller traders.
Below are the various account tiers and the additional features traders can expect as they climb through these tiers:
Cinpax has something special for traders. Rather than offering the same basic MetaTrader 4 and MetaTrader 5 platforms, Cinpax has taken the time and effort to create a customized trading platform suitable for active traders. This platform works as a downloaded application for PCs, as a mobile application for Android and iOS devices, and as a web trader in all the major internet browsers.
This proprietary platform comes with 38 different built-in indicators, three chart types, 37 graphical objects, 6 different market orders, and the ability to trade right from the charts.
One of the problems with the trading platform is that you are unable to test it out without creating an account first. In other words, the trading platform is locked behind an account login screen. There is no way to download the desktop and mobile application, or to open the platform within your browser, until you create an account so you can log in first.
There is also no demo account available, which means it is impossible to test the platform before depositing, and you cannot test new trading strategies when you have Cinpax as your broker.
We have already mentioned that Cinpax offers over 10,000 different individual assets, which gives traders the ability to trade in any type of market conditions. Plus, it allows for broad diversification, since there are many different asset classes available as you can see:
Cinpax knows how important it is for traders to have access to solid education and research, and that is why they make their Education Center available to their clients from even the lowest account tiers. In addition to the Education Center clients can take advantage of daily market analysis and research tools designed to help support successful trading.
While it would be nice to have at least the educational materials freely available to everyone, we do understand why the broker might want to reserve this material specifically for its own clients. That is even more true for the research materials.
Customer service at Cinpax is similar to that provided by other online brokers. Support is provided via telephone, email, and online chat, and it can be accessed 24 hours a day, Monday through Friday.
Phone: +1 800 985 1351
While Cinpax is a new broker, we would not hold that against them as every broker was once a new broker. With over 10,000 individual assets, a proprietary trading platform, and five different account tiers, this is a broker that has obviously put a good deal of thought into taking good care of their clients. They have seen what the traders want and are working hard to provide it as much as possible. It is also nice to see that leverage with this broker can go as high as 1:400 for certain assets.
In conclusion, we are quite satisfied with what Cinpax has to offer and consider it a great broker for a range of investors. As such, we would like to conclude our Cinpax broker review with a definite recommendation.
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