20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Conotoxia Review 2024
Minimum
deposit:
deposit:
- PLN 400.
Trading platform:
- cTrader
- MetaTrader5
Regulation:
- KNF
- CySEC
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- PLN 400.
Trading platform:
- cTrader
- MetaTrader5
Regulation:
- KNF
- CySEC
Bonus for deposit:
- 0%
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Summary of Conotoxia Trading Company
Conotoxia is a broker with higher-than-average risk and the TU Overall Score of 3.21 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Conotoxia clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Conotoxia ranks 294 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Conotoxia is a regulated Forex and CFD broker with an excellent range of trading assets, a proprietary payment system, and loyal initial deposit requirements. However, its spreads are not the lowest in the market.
Conotoxia is a part of Conotoxia Holding Group. It was established more than 10 years ago and shows an impressive annual trading volume of over $1 billion. The Conotoxia payment representative office is regulated by the Polish KNF (Financial Supervision Commission) and the broker for trading Forex and CFDs is regulated by CySEC (Cyprus Securities and Exchange Commission). Traders have access to trading over 5,000 financial instruments on MetaTrader 5 and cTrader. Available Forex assets include 110 currency pairs. Conotoxia provides its services to traders from the European Economic Area (EEA), including Poland.
| 💰 Account currency: | EUR, PLN, GBP, and USD |
|---|---|
| 🚀 Minimum deposit: | EUR 100, PLN 400, GBP 100, and USD 100 |
| ⚖️ Leverage: |
1:1-1:30 — for Retail clients; 1:1-1:100 — for Experienced clients; 1:1-1:300 — for Professional clients |
| 💱 Spread: | From 0 pips |
| 🔧 Instruments: | CFDs on 110 currency pairs, cryptocurrencies, stocks, ETFs, indices, energies, metals, futures, and commodities |
| 💹 Margin Call / Stop Out: | 100%/50% |
👍 Advantages of trading with Conotoxia:
- The company is regulated by two financial supervisory commissions of the EU and participates in the Investor Compensation Fund (ICF);
- Over 5,000 financial instruments, including CFDs on 110 currency pairs and 140 cryptocurrencies are available;
- Accessible technical support provided by phone and email;
- No brokerage fees for trading currencies, metals, indices, and energies;
- Risk management tools and features, such as stop loss and take profit, help traders control their positions;
- Trading on MetaTrader 5 and cTrader;
- Investment consulting services are provided to help traders build their own asset portfolios.
👎 Disadvantages of Conotoxia:
- Higher standard spreads than those of the broker’s competitors;
- No choice of account types with different pricing models and a range of additional options;
- Bank transfers imply additional fees and take more time as compared to more up-to-date and efficient transaction methods.
Evaluation of the most influential parameters of Conotoxia
Geographic Distribution of Conotoxia Traders
Popularity in
20.3%
PL
14.7%
US
8.9%
NL
4.8%
IN
3.5%
GB
26.8%
Others
User Satisfaction i
3 comments
Total score:
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8 weeks ago
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5 weeks ago
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Expert Review of Conotoxia
Conotoxia focuses on attracting clients by reliable high-quality services with competitive fees, and not by bonuses or promotions. Loyal initial deposit requirements allow a wide range of traders to start trading without large investments.
The broker is licensed by CySEC, which imposes restrictions on the availability of bonuses and access to certain markets and trading instruments. At the same time, Conotoxia provides up-to-date trading platforms, thus offering traders quick and convenient access to markets, which is important for efficient trading. Conotoxia clients can easily switch between devices subject to their preferences and current trading conditions. This provides greater flexibility and real-time opportunity to react to market changes, which is especially important in today’s dynamic trading world.
Supervision by KNF ensures additional security and regulation since the broker complies with standards and requirements set by the national financial authority. However, this results in bigger prices for services, that is greater expenses for its clients.
Dynamics of Conotoxia’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Conotoxia clients can use different passive income options, but all of them require the participation of investors and correctly setting controls and functions. Options below don’t guarantee 100% profit, so the company recommends investors use amounts they can afford to lose without worsening their overall financial situation.
Passive income options for Conotoxia clients:
Conotoxia doesn’t provide services for managing capital, investment portfolios, or client accounts. However, the broker offers the following passive income options:
-
Investment consulting. The company’s managers can help investors build their personalized asset portfolios subject to their goals and financial opportunities. Conotoxia offers three tariff plans with monthly payments from EUR 39 to EUR 499. Experts provide advice, but they don’t participate in trades on real markets.
-
Copy trading. This is a standard option of MetaTrader 5 and cTrader that allows the broker’s clients to automatically copy trades of experienced traders. The subscriber’s task is to choose an efficient signal provider and to set copying parameters. If the copied position is successful, a part of the profit is transferred to the experienced trader who executed the trade.
-
Algorithmic trading. This implies trading through special trading tools, such as robots, advisors, ready-made scripts, plug-ins, etc. Algorithmic traders can buy trading advisors in e-stores or use free models. Not all advisors are completely automatic. Some only analyze the market and give forecasts, while traders execute trades themselves.
Conotoxia experts provide investment advice only to clients who pay a subscription to one of the packages, such as Smart Start, Classic, or Premium. Clients themselves decide on signal providers or advisors for algorithmic trading.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from Conotoxia:
Conotoxia doesn’t offer any partnership programs that allow traders to earn rewards for attracting new clients, which can be either a one-time payment for each referral or a percentage from their trading volume.
Trading Conditions for Conotoxia Users
Conotoxia offers a wide range of currency pairs and CFDs on various asset classes. If traders work with currencies, indices, and commodities, they pay only spreads. Fees for stocks and ETFs are 0.5%-0.1% subject to the CFD type. Trading CFDs on cryptocurrencies costs 0.0225% of the position size. Trading conditions can be tested on a demo account on MT5 or cTrader.
PLN 400.
Minimum
deposit
1:300
Leverage
24/5
Support
| 💻 Trading platform: | MetaTrader 5 and cTrader |
|---|---|
| 📊 Accounts: | Demo MT5, Demo cTrader, Smart MT5, and Smart cTrader |
| 💰 Account currency: | EUR, PLN, GBP, and USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, Przelewy24, the ConotoxiaPay wallet, and SEPA |
| 🚀 Minimum deposit: | EUR 100, PLN 400, GBP 100, and USD 100 |
| ⚖️ Leverage: |
1:1-1:30 — for Retail clients; 1:1-1:100 — for Experienced clients; 1:1-1:300 — for Professional clients |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0 pips |
| 🔧 Instruments: | CFDs on 110 currency pairs, cryptocurrencies, stocks, ETFs, indices, energies, metals, futures, and commodities |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | No brokerage fees for trading currencies, metals, indices, and energies |
| 🎁 Contests and bonuses: | No |
Comparison of Conotoxia with other Brokers
| Conotoxia | RoboForex | Pocket Option | Exness | Eightcap | IC Markets | |
| Trading platform |
cTrader, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, cTrader, MT5, TradingView |
| Min deposit | $400 | $10 | $5 | $10 | $100 | $200 |
| Leverage |
From 1:1 to 1:300 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 80% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
| Conotoxia | RoboForex | Pocket Option | Exness | Eightcap | IC Markets | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | No | No | No | No |
| Options | No | No | No | No | No | No |
Conotoxia Commissions & Fees
Information
Conotoxia’s spreads are floating and depend on many factors, including market volatility, time of the day, and liquidity of certain currency pairs. The minimum spread for EUR/USD is 0 pips, and the average is 0.6 pips. Also, swaps are charged if positions are transferred overnight. Swaps can be positive, which means that traders receive profits, not losses. Conotoxia doesn’t charge deposit and withdrawal fees. However, third-party payment providers can withhold fees for conducting transactions. For example, the fee for deposits made through Przelewy24 is 0.75% of the transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
| Smart MT5 | $0 | Can be charged by banks |
| Smart cTrader | $0 | Can be charged by banks |
The company doesn’t charge fees for the opening and maintenance of accounts. The inactivity fee is PLN 40 or 10 units of the base currency for accounts opened in EUR, USD, or GBP.
When choosing an intermediary for Forex trading, it is important to compare the spreads of brokers regulated in different countries. Low spreads are more attractive for traders since they decrease total trader expenses and increase their potential profit. The table below shows the difference between the average spreads of Conotoxia and leaders of the industry.
| Broker | Average commission | Level |
| Conotoxia | $6 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed review of Conotoxia
Conotoxia strictly complies with the rules of EU regulators and offers conditions customized for traders with different levels of experience. The broker is a Cyprus investment company that provides its services to EU traders directly or through an expanded network of representative offices in different countries. The company has developed its proprietary system of fast online payments that allows traders to transfer 27 currencies without additional fees.
Conotoxia by the numbers:
-
The company was incorporated 7 years ago;
-
2 EU regulatory licenses;
-
Investment protection up to EUR 20,000;
-
5,000+ financial instruments are available.
Conotoxia is a broker for retail and professional CFD trading
A comprehensive version of MetaTrader 5 and cTrader with advanced functionality convenient for more professional traders is available for traditional PCs. This provides for a larger scale of price charts and the opportunity to use advanced market analysis tools. A customized version of trading platforms with a convenient interface and small screen optimization is available for mobile devices. This allows traders to work on the move, thus providing access to markets at any time and in any place.
According to KNF requirements, all traders in Poland are divided into Retail, Experienced, and Professional. Trading conditions and risk management tools differ subject to the status of the asset. Leverage for Retail clients is up to 1:30; for Experienced clients, it’s up to 1:100, and for Professional clients, it’s up to 1:300. Negative balance protection applies to accounts of Retail and Experienced traders.
Useful services offered by Conotoxia:
-
Analytical reports, market forecasts, and research that can help traders be more informed and make well-considered decisions.
-
Economic calendar with the latest news, events, and financial indicators.
-
Proprietary currency wallet that can be funded through bank cards and transfers, as well as through BLIK, Google Pay, Apple Pay, and over 15 more electronic and online banking systems.
-
Multi-currency bank cards, bank transfers, including international, and loans that are processed directly in the Conotoxia mobile app are available.
Advantages:
1
24/7 cryptocurrency trading with minimal fees and variable spreads.
2
Wide choice of currency pairs with leverage up to 1:30, 1:100, or 1:300 subject to the trader’s status and the instrument traded.
3
One-click trading and access to 6 pending order types on any of the platforms.
4
Educational materials that include video tutorials, webinars, articles, and guides are available to help traders develop their trading skills and understand financial markets.
5
High-quality 24/5 technical support that assists with technical issues, accounts, fees, and other aspects of trading.
Conotoxia provides the cross-platform option, which means that trading platforms are compatible with different operating systems, such as Windows, macOS, Android, and iOS, which ensures a single trading experience regardless of the device.
Guide on how traders can start earning profits
Currency and CFD trading with Conotoxia is available upon opening a brokerage account on cTrader or MetaTrader 5. When choosing a platform, consider that the range of trading instruments is more diverse on MT5. You can open several accounts, but not more than three. Yet, not more than two accounts in one currency are possible.
Account types:
Account Type
Description
Smart MT5
This account type can be used for trading Forex and CFDs on stocks, ETFs, indices, futures, cryptocurrencies, and commodities.
Smart cTrader
Stocks and ETFs are not available. Traders can work with CFDs on currencies, cryptocurrencies, stock indices, metals, futures, and energies.
Demo accounts provide access to real market conditions and asset prices without making deposits. This account type is available with Conotoxia on any of the offered platforms. The virtual deposit is PLN 150,000.
Conotoxia offers advanced platforms popular among traders for trading currencies and CFDs.
Bonuses from Conotoxia
The broker strives to win clients’ loyalty through long-term relations by providing them with stable and profitable trading conditions, and not through short-term bonuses.
Investment Education Online
Information
The section with market reviews on the Conotoxia website contains educational materials. All information is free, however, the library with video tutorials is available only to registered traders.
Information available with Conotoxia
Information not available on the Conotoxia website
Recordings of past webinars
How to work with risks when trading derivatives
eBooks on trading
How to analyze the market with technical indicators
Video tutorials on Forex in Polish
Why it is important to monitor fundamental data and news
What is the difference between scalping, intraday, and swing trading is
Examples of trades with leverage
How negative balance protection, margin call, and stop out work
A demo account can be used to learn how to trade efficiently. It provides real market data and conditions but doesn’t require making deposits. This account type allows novice traders to get experience before trading on a real market.
Security (Protection for Investors)
Information
Conotoxia is a part of Conotoxia Holding Group that includes companies in Poland, Cyprus, and the U.S. Conotoxia Ltd provides access to Forex, and CFD trading is licensed by CySEC under number 336/17. As a result of CySEC regulations, client investments are protected by ICF. It covers losses of clients of financially insolvent investment companies with up to EUR 20,000 per trader.
Conotoxia Sp. z o.o. is responsible for payment transactions and is regulated by KNF. It was assigned license number 30/2015 in 2015. Conotoxia Inc. (its U.S. entity) is registered in the Nationwide Multistate Licensing System & Registry under number 1504617.
👍 Advantages
- Conotoxia is regulated in Poland and Cyprus
- Loss limitation for retail clients is ensured by negative balance protection
- The broker participates in ICF
👎 Disadvantages
- Non-professional traders can’t use leverage over 1:30
- It isn’t allowed to deposit or withdraw cryptocurrencies
- No bonus programs
Withdrawal Options and Fees
-
Deposits are transferred from client bank accounts and profits are withdrawn through various methods. Traders can use the ConotoxiaPay currency wallet that provides for withdrawing funds to bank cards and electronic payment systems.
-
Transfers via ConotoxiaPay take several minutes. Funds sent by bank transfers arrive within 5 business days.
-
Withdrawal requests are processed from 8:00 to 18:00 (GMT+2) Monday through Friday, except for public holidays in Cyprus.
-
Conotoxia doesn’t charge withdrawal fees, but banks can withhold their fees.
Customer Support
Information
Client service is available 24/5.
👍 Advantages
- Separate phone line for Polish residents
- Communication is possible in Polish and English
👎 Disadvantages
- No 24/7 support on non-crypto trades
- Support isn’t available in a live chat or popular instant messengers
The following communication channels are available:
-
Telephones in Cyprus and Poland;
-
Email.
When traders become Conotoxia clients, personal managers are attached to their accounts. Traders can also contact them when having technical problems or questions regarding trading.
Contacts
| Registration address |
Conotoxia Ltd, Chrysorroiatissis 11, 3032 Limassol, Cyprus Conotoxia Sp. z o.o., 17B Wroclawska Street, 65-427 Zielona Góra, Poland |
| Regulation |
KNF, CySEC |
| Official site | https://conotoxia.com/ |
| Contacts |
Email:
contact@conotoxia.com,
Phone: +48 68 410 99 50 Skype: cinkciarz.pl_cc |
Review of the Personal Cabinet of Conotoxia
To create a user account on the Conotoxia website, register with the broker. The procedure is as follows:
1
To start registration, click the “Open an account for free” button.
2
Choose an individual account type and fill in the registration form.
3
Confirm your email.
4
Download the Conotoxia mobile app to manage your funds and accounts.
Upon creation of the user account, upload documents that confirm your identity and residency. When the company’s managers check the information and approve the account opening, deposit PLN 400 and start trading.
Disclaimer:
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Conotoxia and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
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FAQs
Do reviews by traders influence the Conotoxia rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Conotoxia you need to go to the broker's profile.
How to leave a review about Conotoxia on the Traders Union website?
To leave a review about Conotoxia, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Conotoxia on a non-Traders Union client?
Anyone can leave feedback about Conotoxia on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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