Independent Review - CCI Traders
Introduction and Comments
CCI Traders has been active since 2008, providing training and trading services to clients across the globe. And became a brokerage house in 2019. Offering Trade on commodities such as metals and energy, major global indices, currencies and several CFD products.
The website is owned and operated by CCI Trading Ltd., which is registered in St. Vincent & The Grenadines under FSA with the registration number SVGFSC 185LLC2109. And some IBs and regional representatives.
So, while CCI Traders is a global broker, the core of its dominant clients is from Middle east, Africa, Asia and some other countries.
A Quick Look at CCI Traders
50% bonus on First Deposit.
We were able to register a demo account and Live account on CCI website and access other pages of their website when you signed up. You can have as many accounts as possible under one profile with one-time verification and can make instant deposit, same day withdrawal.
New client with first time deposit receive up to 50% bonus.
The remainder of the review is based on the parts of the website and trading platform we were able to access without issues or errors. Hopefully it will help you decide if CCI Traders is a suitable broker for your own trading needs.
Traders Regulations & Licenses
The company is registered in St. Vincent & The Grenadines under FSA.
The CCI Traders website and trading platform are both offered in English exclusively. Support is also offered in English exclusively.
Traders Account types & MAM Account services
Retail Trader Accounts
CCI Traders has three different account levels, which have increasing minimum deposits, and different conditions. Unlike most brokers who use precious metals as the designations for their account levels CCI Traders calls them the Retail, Professional, and Institutional accounts. They have features as below:
Retail Account: The retail account is the most basic account and it comes with a $50 minimum deposit. It also comes with 500:1 leverage and fixed spreads. We’re not sure what the average spreads are because they aren’t shown on the website home page.
The account gives access to major instruments, but there is no listing on the website of which assets. It also says there are no swaps for the account, and there is negative balance protection.
Professional Account: On a professional account the minimum initial deposit is $10,000, and there are some other changes made to improve the trading conditions. This level account gets access to all of the assets offered by CCI Traders, however the leverage for the account drops to 200:1. Like the Retail Account there are no swaps on the account, and there is negative balance protection on accounts. The professional trading account also comes with variable spreads base on instrument you are trading.
Institutional Account: The Institutional account brings another account type with minimum initial deposit to $100,000. This account also gets access to all available assets, but leverage drops further to 100:1. There are no swaps, there is negative balance protection, and spreads on this account level are fixed.
MAM Account Services: The broker offers Multiple account management system for Fund managers to manage their clients account on one interface, this is an added value services.
We were able to create a demo account at the platform provider’s website, and that has informed us on many of the features available, but not on the actual execution from the broker. That said, it appears the platform provider is also the liquidity provider for CCI Traders, which would mean the execution should be the same.
Fees, Costs & Spreads
The CCI Traders website does not include any information about fees, costs, and spreads. There is a mention of transparent spreads, you can see them as part of the trade ticket in the live platform.
Deposits and Withdrawals
You will access information about CCI Traders deposit and withdrawal when you have fully login to your profile on their site. The cabinet is unique, and transactions are done fast with different options for deposits and same day withdrawals process.
If you register an account you can see deposit options in your client dashboard, and there are no fees shown, probably you can deposit with no extra fees attached.
The deposit methods available to everyone are credit/debit cards, Perfect Money, Bitcoin, Local deposit. There are bank transfers available, but it is on a country by country basis.
All the basic deposit methods indicate that funds are available immediately. International and Local bank transfer options will have varying time frames for deposit availability.
CCI Traders uses xstation trading platform, which has desktop, web-based, and mobile versions. The platforms do look to be quite technologically advanced, offering economic news, advanced charting and dozens of indicators, notifications and alerts, a variety of chart types and time frames, very more transparent and easier to use.
Based on information from the platform solution provider, it has access to over 3,000 assets and uses wither STP or ECN execution.
The desktop version of the trading platform is available for Windows only, while the mobile platforms are available for both Android and iOS devices.
As mentioned above the platform itself has the capability to provide access to over 3,000 assets. The broker says that retail accounts get only limited access but doesn’t specify how limited. The professional and institutional accounts claim full access, so that should mean access to over 3,000 assets. Those do include forex, commodities, indices and stocks, ETFs, and cryptocurrencies.
Traders can choose from five types of orders: limit orders, market orders, pending orders stop loss orders, and take profit orders. Orders can be changed or cancelled at any time before they are filled. It’s all very simple since the platform allows for one click orders right from the chart, or customization through an order form.
Notification and Alerts
There are sections for news, and economic calendar and market analysis, all of which could be useful to traders.
Trading Tools and Analysis
The trading tools and analysis at CCI Traders includes the economic calendar and news included in the charting package, as well as the market analysis tools.s
Education and Training
In addition, the broker puts on live seminars and educational videos online, and from IBs and regional partners, conduct local seminars on a regular basis, where they teach groups of individuals and institutional clients the basics of trading oil, forex and indices. There is a cost for these seminars, but some are offered free to anyone who has $100 or more in their trading account.
We reached out to the customer support team via the online chat facility and they were helpful. They gave us basic information regarding the broker and creating an account. Aside from the online chat option it’s possible to reach out to the support team via email or Skype.
Independent Opinion & Rating
CCI Traders has been in operation since 2008 and has thousands of global clients, with a huge following in its operational countries. We saw some strengths to the platform, namely the focus on training and education for oil and forex trading but would have appreciated more transparency on the broker’s website.
We missed out on information regarding fees and spreads, as well as a detailed listing of what assets are available to trade. We also felt that the broker could include information regarding deposits and withdrawals on the website rather than keeping it locked away in the client dashboard, requiring an actual account to access.
We didn’t find any complaints online about the broker, and with years in operation that can be considered a positive.
We also liked the platform being used and found it to have all the features a trader would need to generate success.
Registered Under FSA SVG.
50% First Time Deposit Bonus or Replenish account Bonus. https://www.ccitraders.net/Client/Bonus