Celox Review Forex Broker |
is Celox a good broker to trade with and do they offer enough to be an options
Celox was founded in 2021. The broker offers access to trading forex, commodities, Stocks, Cryptocurrencies, precious metals, and indices. After a solid start and soft-launch to perfect the companies protocols and working methodology the company developed further and grew stronger by combining years of experience with expertise and the proven development of Celox.Live is slowly becoming well-established within the industry.
Celox provides ultra-fast execution and cooperates with Multiple liquidity providers.
Celox live account types
Does Celox offer Different Account types ?
This broker offers STP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Celox is up to 1:200. Meanwhile, you can open an account with a starting capital of $250
The size of your initial deposit determines which tier your account belongs to, as well as which benefits are available to you
You can shift your account to the next level by increasing your deposit amount.
With Celox.live 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.
If you want to look for further information about this broker’s offered account(s), please take a look at the list below.
Does Celox offer an Islmic Account ?
To cater to their Muslim-clients, they offer Islamic accounts to comply with the Sharia Law.
A Forex Islamic account, also known as a swap-free account, allows our Muslim clients to hold their positions overnight without incurring any swap or rollover interest. They can enjoy the competitive trading conditions of Celox fuss-free. We offer them the same account types – MICRO, STANDARD, GOLD.
Their Islamic accounts function just like our regular account types. The only difference is that Islamic accounts have no swaps.
Opening an Islamic account with Celox.live is a pretty straightforward process. Their dedicated Client Support team will process your account within 1 business day. A confirmation will be sent to your email once done. All succeeding trading accounts opened by you at Celox will be automatically considered swap-free.
How do i open an Account and submit the KYC with Celox ?
Opening an account with Celox is relatively easy and easy. First, clients must register basic details such as name, surname, date of birth, phone number, and email. Then they must authenticate their account. For that, you must submit the following documents:
- An updated utility bill or bank statement
- Government ID, passport, or driver’s license.
- Celox.live will verify the documents quickly and all you will need to do after is just fund your account and you can start trading.
Celox Trading Conditions
Celox spreads and leverage depend on which account you choose, depending on what instrument you choose the leverage will be implemented. example forex and cryptocurrencies have different leverage.
What Payment Methods does Celox.Live offer?
Celox accepts various methods for depositing and withdrawing funds, such as wire transfer (local and international), credit card and debit card, Bitcoin.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don’t have credit cards.
Withdrawal time depends on the method you choose will bank transfers will take 2-3 business days while card withdrawals take 3-5 business days. Withdrawal requests will get processed on the same day( if they are received in the morning. Requests later in the day might not be processed until the next business day.
Deposits and withdrawals must be made from and paid to the same individual as the trading account holder as no third-party payments are allowed
Which Trading Platform does Celox have ?
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.
Hereby, Celox.live offers a innovating trading platform developed by Easytech. this platform is extremely intuitive and easy to work wit while packing some powerful tools .
The platform comes with plenty of analytics tools and multiple timeframes. There is a built-in library with technical indicators.
This is a fantastic platform for new traders as it’s very straightforward and easy-to-use. The interface is sleek and user-friendly; the software is highly compatible and does not overpower the PC when in use.
The platforms are available as downloadable software, on browser and mobile. Celox accepts scalping and hedging.
What can you Trade with Celox ?
Celox offers a large range of financial instruments across five asset classes:
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Celox.live offers various commodities for trading like WTI Oil, Silver, and Gold.
- Indices: Various global indices such as the S&P 500, Dow Jones Industrial Index (DJIA), NASDAQ, Hang Seng, Shanghai Composite Index, Nikkei 225, DAX, CAC, and the ASX 200.
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, and Litecoin are available for trading.
- Share CFDs: Global shares of large public companies for trading as Contracts For Differences.
Trader Education Tools
Celox offers various trading tools for both beginners and experienced traders; the broker offers its clients a full range of educational resources which is powered by a strong educational department that regularly updates their website.
The team publishes regular trade analysis and reviews, industry news, specialized courses as well as a wide range of professional education and research resources.
Market Analysis: Celox offers a detailed assessment of what is happening across financial markets both on a long and short-term basis.
Market Report : Celox.live updates its clients with market news & Report through the site available on their website. The blog is regularly updated with corporate, financial, and political news.
Celox Customer Support
Celox customer support team has shown till now impeccable service. since this is a new brokerage we have to see how this plays out in the future and we will update the review accordingly but at this time everything seems to be running smoothly