Celox Review | What Do you need to know about this broker?
Broker Type: STP
Min. Deposit: US$250
- Platforms: Proprietary Web-Trader
Found in: 2021
Celox Social Channels
What is Celox.Live?
Celox is a fresh new player in the Forex business and a company established under the laws of St Vincent and grenadines.
Celox is a young force in the Forex and CFD markets, committed to delivering a robust, accessible and fair-trading Experience. Led by a team of professionals with years of experience in the field, we have always put innovation, speed and agility at the core of our business.
They push the market as a fresh online broker on the rise, providing their clients with the right tools and services to assist their trading needs.
Why Trade Through Celox?
Quick Account Opening
Setting up your Celox Trading account only takes only a few minutes. Sign up, verify your details, and you are ready to go!
Benefit from the tight spread, Low commission, fast execution, trading tools, economic calendar and premium support.
Full STP Technology – NO conflict of interests
- Trades are placed with leading liquidity providers, often tier-1 banks and ECN’s to ensure no dealing or intervention is performed on your trades.
- Accurate real-time prices that mirror the global market conditions. You will benefit from more competitive pricing (tighter spreads), no-requotes and price improvements.
- No restrictions or limitations on trading strategies like scalping, hedging and news.
Is Celox safe or a scam?
Indeed, the most important and first question to ask is whether the broker is a scam or not, If you can trust your money and trading activity with a particular company. At this stage, the fit is a bit early to tell, but from what we see and what we received when we talked to them, they look and appear on the level.
Is Celox legit?
So Celox operates and is established in the offshore zone St Vincent & Grenadines. Even though we never recommend trading with offshore brokers on its own, we consider this broker as one that obliges to international rules and protects your money. You are required to go through the entire KYC process as they do uphold the AML ( Anti Money Laundering ) Protocols.
What Leverage does Celox offer to its Traders?
Leverage is a potent yet dangerous trading tool since it magnifies your trading capital a certain number of times.
this means that it offers you an excellent opportunity to gain higher income by trading more small amounts. However, Leverage hides higher risks, so you should always learn how to use it correctly on which instrument to apply it or on which one not.
The Leverage that Celox offers depends on the account type that you have. You can see this in the account table we published Below.
Recognizing its risks, regulatory bodies in various jurisdictions significantly lower allowed levels or the ones that retail traders may use. Yet, since Celox is not limited here, they offer more options. They keep their Leverage realistic and max it out on 1:300 for the forex pairs. other financial assets have, of course, different leverage levels with cryptocurrencies in general being the lowest,
- leverage of up to 1:300
- Professional traders may access high Leverage, but this is something for VIP clients only.
What Accounts does Celox Offer?
The next point to check within Celox Review is a range of account types that you may choose and specify conditions more suitable for your trading need or experience.
Moreover, Celox supports traders following Sharia belief, so Islamic Account is available for every account type offered with tailored conditions according to restrictions.
Types of Accounts
There are four account types available at Celox– Mini, Standard, Gold and VIP traders.
The accounts are pretty similar, and the main difference is the actual Leverage you can trade with.
What can you Trade with Celox? Trading Instruments
As for the available markets that you can trade, Celox offers trading on a CFD basis with the availability of over 400 assets.
This includes popular Currency Pairs( majors, minors and exotics), Cryptocurrencies ( BTC, ETH, XRP and more), Indicates, Energies, Metals, Stocks while its range continues growing.
While the main of it is a simplified way of trading, where you don’t need to worry about contract rollovers or connection to a particular exchange, simply through the selection of trading instruments in Celox platform you open chart and start trading, which is definitely a benefit.
What are the Fees at Celox.Live Forex Broker?
Of course one of the most interesting points for you in Celox review is the costs and spreads which broker offers for its trading solutions.
These costs depend on the account type you sign up for and what trading size you operate.
Our find on Forex fees
Simplifying an answer, Celox does not charge a commission but base its costs on a spread only.
This means all you have to pay for provided trading service and capabilities is a spread, or a difference between the sell and buy price charged for every position you make. Spread is also defined by the account type you use, thus.
Besides, an additional SWAP or Rollover fee charge is paid if you use the swing strategy or hold positions longer than a day. However, Gold and Platinum traders will enjoy swap discounts, which is excellent.
Also, see below the comparison table with a typical Celox Spread and compare brokers to other CFD Brokers consistent of fees, commission or inactivity fee.
What Deposits and Withdrawals Options does Celox Provide.
Celox operates automatically under the money management rules (AML), which means clients’ funds are always kept under protective measures and segregated at all times. Also, the broker enables safe transactions, which means you can unprecedently transfer funds to or from your trading account.
Deposit fees and Options
Celox offers to deposit funds through the most common payment methods through the use of popular providers. It may seem like a limited choice, yet those methods are the most convenient and safe.
- Bank Wire Transfer
- Credit Card, Debit Card
Minimum deposit requirement
Typically, the very minimum deposit is set to EUR250, allowing you to open a Classic account, while a Higher grade account will require more significant amounts of money. Also, there are no charges for deposits, so there is no commission. However, always define it with your payment provider or Bank itself as international laws may vary.
Money withdrawals are also organized in a customer-friendly way, as all transactions are requested and managed through your online account area. Celox also adheres to good standards and review, confirm withdrawals quite quickly, also charges no commission.
Are my Funds secure with Celox? ~ Celox Security of Funds
Segregated Funds Account
Celox strictly handles client information, accounts and deposited funds by separating them into our segregated bank accounts. These funds are independently kept and separate from the funds of the company. Clients funds will not be used for day to day business operations such as utilities, rent, or employee salaries.
Celox regularly conducts internal and external audits to ensure our organization has met all the legal requirements of operating our business correctly and safely. Additionally, we also regularly do KYC & AML reviews, assessments and employ several operational risk controls throughout the business.
Celox is a reliable Forex broker which is trusted by thousands of our loyal clients from different countries. The reliability of the company is an ability to meet the expectations of clients, excellent quality of work and services. Successful work of Celox risk-management team ensures stable work of the company in any situation on the market.
Liquidity of the biggest banks
Liquidity for Celox is provided by the biggest world banks. Moreover, the clients of the company get only the best prices from the price float which is offered by these banks for the most beneficial orders.
Celox staff members are high-level professionals with more than 10 years of experience in the financial area who are always ready to help and to provide qualified support to the clients.
What Trading Platforms does Celox Offer?
The Celox trading platform combines simplicity with sophistication to connect you to the world’s most volatile financial markets.
their dashboard display delivers one-click order execution and is equipped with the latest trading tools.
Your trading is backed up by live charts in multiple timeframes and a real-time data feed.
Trade on over 400 global assets drawn from the world’s forex, cryptocurrencies, stocks and commodities markets, as well as a range of major indices and enjoy:
- Fixed & Variable Low-cost spreads
- Flexible Leverage up to x300
- Free demo account for practice trading
- Full customization to your trading habits
- One-click trading.
- High-Speed Execution
- Automatic Stop Loss/Take Profit functions
- Multi-lingual support
One-Click Order Execution
In a volatile market situation, fast order execution can make a big difference to your performance as an investor – particularly when you are managing multiple open positions. Celox one-click trading feature helps you to exploit changes to the market in just seconds.
The automatic stop loss, take profit and order entry tools to allow you to maximize your profit potential while reducing your risk of loss. The ‘set and forget’ tools will run in the background, relieving you from the need to monitor open trades.
Due to the collaborations between traders and developers, you will feel that the intuitive interface makes it one of the easiest trading platforms to understand while housing an extremely powerful action suite that offers everything you might need to trade online fast, easy, secure
Celox Web Trader
The trading platform offers an easier, faster and clearer way to trade via your web browser.
Celox Web-Trader Platform was developed by one of the top tier software houses for Trading solutions, to better cater to the needs of their traders base.
Focusing on simplicity, reliability and speed, the new Celox Webtrader delivers a solid trading experience accessible from all browsers and operating systems.
The Celox Web Trader does not require downloading and it is fully synchronized to the downloadable versions of the trading platform, allowing for live price monitoring via the best liquidity providers. Translated in multiple languages, the Celox Webtrader is designed to accommodate the needs of all traders around the globe.
Celox Mobile App
Stay connected to your trading account and the global markets with Celox’s Mobile App.
A Mobile app with a powerful and intuitive interface that allows you to buy and sell CFDs on Currencies, Indices, Commodities, Stocks and Cryptocurrencies.
Assets such as Tesla, Amazon, Coca Cola, major, minor and exotic currency pairs, Dow Jones, CAC 40 and NASDAQ and Hundreds of additional financial assets across all categories are available for trading directly from the convenience of your mobile device.
Overall, Celox Review shows us a broker on the right track that offers a good package for the traders, if you are a high volume trader then there might be some parts where you find them somewhat light. on the other hand, they have full market analyses and market news and report that keeps their traders informed of the latest developments in the industry.
What funding methods do Celox.live accept?
offer you various ways to fund your Trading account. The most commonly used methods credit cards, wire transfers, as well as some of the larger online money transfer services like cashu, moneynet and neteller. Credit Cards - Credit cards are considered the easiest and fastest method for funding payments. Specify the amount of funding you want to add and then start trading. Wire Transfer - Funds can also be deposited via wire transfer - between the trader’s financial institution and our Brokerage. In order to execute the wire transfer, investors should contact their financial institution with the relevant information. You can trade with unlimited amounts of money with wire transfers, which is not the case with credit cards. However, wire transfers can take up to 2 days (although most take 24 hours). When requested, withdrawals are placed back into this account.
Is Celox.live safe?
Celox strictly handles client information, accounts and deposited funds by separating them into our segregated bank accounts. These funds are independently kept and separate from the funds of the company. Clients funds will not be used for day to day business operations such as utilities, rent, or employee salaries. Celox regularly conducts both internal and external audits to ensure our organization has met all the legal requirements that come with operating our business properly and safely. Additionally, we also regularly do KYC & AML reviews, assessments and employ several operational risk controls throughout the business.
How can I start trading with Celox.live ?
It is very simple. You can do it by clicking on the following link: Sign up For personal live accounts, they require 2 documents to prove your identity (colored scans), plus a proof of residence document which are no older than 6 months (PDF of your bank statement, print screens are not acceptable). Those who prefer to register by phone can contact one of their account managers to open an account.
Is Celox.live trading Legit?
yes, this sis a legfit brokerage at the time fo this review. this might ofcourse change over time so always do your own due diligence
Is Celox.live trustworthy broker?
from what we could tell and what we received in information from Celox they are a trustworthy forex broker. now we know they are not regulated and this might put some people off, often for good reason. but learn more about the broker and do your own due diligence
Is Celox.live a market maker?
no, they are a STP Brokerage
Is my money safe with Celox.live ?
Data Transfer Protection Data transfer via an SSL security connection with encryption of information helps to prevent the interception of user data by a third party while working with the website, no matter where you are. Protection from Negative Balance Celox company makes compensations of the clients’ losses that exceed the amount of funds on their trading accounts. This means that when negative balance takes place because of a sharp movement on the market, it will be set to zero in order to protect the clients from the unexpected losses. Multilevel system of servers Infrastructure, which consists of multiple servers, supports uninterrupted work of the system. And a complex scheme of data backup helps to prevent loss of the clients’ information (personal data, history of commercial transactions, etc.) in any situation. International security standard Internal procedures of the company are based on the PCI DSS security standard, which involves a complex approach to information security of the clients’ data. Data storage protection Data of users is protected not only while transferring between the company’s website and the browser, we also provide an encryption of all stored information that helps to prevent unauthorized access to the data of our clients.
When was Celox.live founded?
celox was founded in 2020 n went live around the beginning of 2021
Can you make money with Celox.live ?
yes you can make money using the celox trading platform
What is Celox.live Headquarters country?
St Vincent and the Grenadines
Does Celox.live allow hedging?
yes. celox allows hedging and other stradingstrategies that are banned by some other brokers
Is Celox.live an ECN broker?
no , they are and Full STP Technology brokerage – NO conflict of interests Trades are placed with leading liquidity providers, often tier-1 banks and ECN’s to ensure there is no dealing or intervention performed on your trades. Accurate real time prices that mirror the global market conditions. You will benefit from more competitive pricing (tighter spreads), no-requotes and price improvements. No restrictions or limitations on trading strategies like scalping, hedging and news.
What is the minimum deposit for Celox.live ?
for those who are new or just beginning Trading the Forex market , they can open an account for €250. The size of your initial deposit determines which tier your account belongs to, as well as which benefits are available to you With Celox you can choose from 4 account types designed with you in mind. Examine their major components and requirements, consider all the pros and cons, and select the one that meets all your investment goals.
Is Celox.live a con?
no celox is no a con at the time of this review, they are a legit brokerage for trading CFD's. they are not regulated by n European entity but are operating in accordance with them
What are the advantages of trading with Celox ?
It has always been our top priority to provide you with the best service as per international standards. Our goal is making you as an expert trader with trading experience. The Trading tools, Trading Platform and customer support is there to make that happen.
What types of accounts does celox offer?
Celox offers a wide range of trading accounts those are suitable for any trading strategy and any level of your trading experience. You can choose from their 4 account types: Mini, Standard, Gold, VIP and Islamic see the Trading accounts for more Information!
Yet, it is always great to hear your personal opinion about Celox. So you may share your experience or thoughts or discuss them below or ask us for additional information.
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Celox Forex Broker
Celox is a young force in the Forex and CFD markets, committed to delivering a powerful, accessible and fair-trading Experience. Led by a team of professionals with years of experience in the field, we have always put innovation, speed and agility at the core of our business. they are new in the market so it will take some time to get a more in-depth view on the brand. The trading platform The trading platform is flexible enough to accommodate traders of all experience levels and budgets, from absolute beginners to expert investors. Information is clearly displayed with instant access to four basic instruments and four different financial markets. There is a wide range of assets to invest in and the platform layout makes it easy to monitor multiple investments simultaneously.
- Multiple account types offered
- No hidden fees, no commission
- No limitations on strategies
- Forex and CFDs trading
- Demo and Islamic Account available
- User friendly design
- Web, Mobile and Desktop versions
- not regulated
- Limited deposit and withdrawal options
- not a lot of educational materials
- No Metatrader 4 or metatrader 5 platforms
assets available for trading