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 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 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 push the market as an fresh online broker on the rise, they do provide 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. Simply 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 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.
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 fit is really a bit early to tell but from what we see and what information we received when we talked to them they look and appear to be on the level.
Is Celox legit?
So Celox operates and is established in offshore zone ST Vincent & Grenadines, Even though we never recommend trading with offshore brokers on its own, ,we consider this broker as a one that obliges to international rules and protecting your money. yiou are requires 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 being a very powerful yet dangerous trading tool, since magnifies your trading capital in a certain number of times.
this means that it does offers you great opportunity to gain higher income by the trade of smaller amounts. However, leverage hides higher risks as well, 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 are able to see this in the account table we published Below.
Recognizing its risks, regulatory bodies in various jurisdictions for recent years significantly lower allowed levels or the one 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 sin 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 ?
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 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 , the main difference is the actual leverage you are able to trade with.
What can you Trade with Celox ? Trading Instruments
As for the available markets that you are able to trade, Celox offers trading on CFD basis with availability over4 00 assets including 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 costs and spreads which broker offers for its trading solutions.
These costs are depending on the account type you sing up for, as well as 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, additional charge SWAP or Rollover fee is paid if you use swing strategy or holding positions longer than a day. However, Gold and Platinum traders will enjoy swap discounts, which is definitely great.
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. Also, for your consideration you may check Galore Pro Review .
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, means you can unprecedently transfer fund 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 at some point 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 a EUR250 allowing you to open a Classic account, while Higher grade account will require bigger amounts of money. What is also great, there is no charges for deposits so there is no any commission, however always define it with your payment provider or Bank itself as international laws may vary.
Money withdrawals are also organized in 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 charging 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 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.
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 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 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 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 the 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 that offers an easier, faster and clearer way to trade via your web browser.
Celox Web-Trader Platform, was developed in by one of the top tier software houses for Trading solutions, to better cater for 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.
An Mobile app with a powerful and intuitive interface which 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 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 a full market analyses and market news and report that keeps their traders informed of the latest developments in the industry.
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