Conotoxia

Established in 2017

Operated by Conotoxia Holding

Location: Chicago, USA and Warsaw, Poland

Regulation: Cyprus Securities and Exchange Commission CySEC (license number 336/17)

Member of the Investor Compensation Fund in Cyprus (ICF)

Trading instruments: 60 Forex currency pairs, including Major, Minor, and Exotic pairs. . This broker also offers a number of commodities and precious metals including Silver, Gold, and Brent_Oil amongst others and also a few Indices.

Cryptocurrency: cryptocurrencies are available for trading including: BTCUSD, LTCUSD and ETHJPY just to mention a few.

Note: Conotoxia offers its services to customers residing in the European Economic Area only.

Awards

Innovative offer and dynamic development make us highly recognized by our clients and awarded by experts. Here are some of our selected achievements.

Best Trading Experience 2022 – Ultimate FinTech Award

Made in Poland 2022 – Made in Poland Congress

Account Types

This broker offers 4 different accounts which differ slightly from each other. These accounts are the Basic STP, Standard STP, ALGO Trading STP, and Advanced STP.

Here is a breakdown of the main characteristics of all four accounts:

Basic STP

• Minimum Deposit – $100
• Spreads – Start from 0.0 Pips
• Min trade Volume in Lot – 0.01
• Cryptocurrencies – No
• Free Training – No
• Platform – cTrader

Standard STP

• Minimum Deposit – $100
• Spreads – Start from 0.0 Pips
• Min trade Volume in Lot – 0.1
• Cryptocurrencies – Yes
• Free Training – No
• Platform – cTrader

ALGO Trading STP

• Minimum Deposit – $100
• Spreads – Start from 0.0 Pips
• Min trade Volume in Lot – 0.01
• Cryptocurrencies – Yes
• Free Training – No
• Platform – cTrader

Advanced STP

• Minimum Deposit – $100
• Spreads – Start from 0.0 Pips
• Min trade Volume in Lot – 0.5
• Cryptocurrencies – Yes
• Free Training – Yes
• Platform – cTrader

Those wanting to test out trading with this broker can do so by opening a demo account in GBP, USD, EUR or PLN currency. On the demo account, customers can trade Commodities, over 60 currency pairs, Indices, and Crypto CFDs. This broker does not restrict how much trading money is available in the Demo so the customers can adjust this level as they please. If a demo account is not logged into for over 90 days, the account will expire.

Trading Platforms

cTrader

Conotoxia offers the cTrader Platform which is an innovative STP/NDD trading platform that enjoys fair popularity amongst traders worldwide. Although it is not as popular as the MT4 or the MT5 platforms, the cTrader has a number of advantages that one should take note of. With cTrader customers can choose from multiple order types, detachable and advanced charts, an extensive indicator library and level II pricing.

Customers can also make use of this platform on their preferred browser. CTrader WebTrader is the world’s first HTML5 trading platform that works with the latest versions of Chrome, Firefox, and Safari. Another interesting addition that Conotoxia offer is the cAlgo which enables users to create and develop trading cBots and customize all available technical analysis indicators.

Metatrader 5

MetaTrader 5 is a popular choice for those who have built their trading experience on its predecessor, MetaTrader 4. Enjoy trading on Stocks & ETFs DMA (Direct Market Access) with 0 long swaps, along with thousands of other CFDs, including indices, energies, currencies, metals, single shares, ETF, and cryptos. Benefit from one-blink execution and test your trading robots on demo charts.

Trading Conditions and Features

Contonoxia base currencies are: Euro, US Dollar, British Pound Sterling, and Polish Zloty.

Leverage: Retail clients have a maximum leverage of 1:30 whilst professional clients can use leverage of 1:300.

Minimum trading size: Forex pairs is the industry standard of 0.01 Lots

Spreads: floating spreads, swap fees plus commissions

You can find the full list of commission prices one should expect to find on all 4 accounts and on all available instruments .

Payment Methods

All accounts offered by Conotoxia can be opened with a minimum deposit requirement of $100 which is an acceptable range within the trading world.

This broker offers two main types of deposits – Bank Wire transfer and e-wallets such as Conotoxia Pay or thru Dotpay. Keep in mind that these options come with additional commissions. Overall Conotoxia accepts a very wide list of payment methods including EPS, POLI, Visa Checkout, Union Pay, Ideal, and Apple pay just to mention a few.

Conotoxia does not charge any processing fees on withdrawals and the only commission that clients may encounter will be coming from their banks’ side and not the broker. Clients can request to withdraw funds at any time by filling an online form found in the Conotoxia’s Platform.

At the time of this review, the broker did not have promotional offers or bonuses.

Educational Material and Customer Support

Conotoxia has a page dedicated to Forex Education. On this page one can find plenty of useful information that will surely come in handy in the first few days of your trading. Unfortunately, the webinars and e-books that are available seem to be only available in Polish which is a disadvantage for those who do not understand this language.

You can get in touch with this broker via Live chat, through the phone or through email. Polish customers can also chat in Polish as this broker has both English and Polish speaking consultants that are available 24/5.

Frequently Asked Questions

Is Conotoxia a Scam?

Conotoxia is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Conotoxia is not a scam, read our trader reviews and check other popular trading related websites and forums.

What is the Conotoxia minimum deposit?

In order to start trading with Conotoxia, you have to deposit at least 100 USD.

What deposit and withdrawal methods Conotoxia supports?

Conotoxia allows funding your account via Bank transfer, Debit and Credit Cards .

How was the rating of Conotoxia performed compared to other brokers? 

This 2023 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Conotoxia broker performance and features. 

Overall our online Conotoxia review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Conotoxia or you find inaccurate details Conotoxia  broker review please get in touch with us and the changes will be applied.