Cymazel
Brief overview of Cymazel
Cymazel is a brokerage company that offers trading opportunities to both individual and legal entities on a single account across various markets. Traders can efficiently manage operations using free trading tools, a variety of options for portfolio diversification, and access educational materials.
Cymazel claims to be one of the most reliable intermediaries for its clients’ investments. The company values honesty, transparency, and clear transactions, continuous business development, a commitment to growth and expansion, an experienced team of trading and investment experts.
Official status and documents of Cymazel
The company provides a Russian version of the website, indicating an interest in clients from Russia. However, as of the end of 2023, Russian users’ access to the broker’s resources is only possible using a VPN. Direct access is restricted, likely due to providing financial services without a license from the Russian financial regulator, the Central Bank.
The company’s website claims to have a regulatory document from the British regulator, the Financial Conduct Authority, but this is unconfirmed. To verify authenticity, it is recommended to refer to the official website of the regulator. However, an FCA license or any other foreign license does not authorize the provision of financial services to Russian residents without approval from the Central Bank.
Trading instruments and platforms of Cymazel
Users have access to leading financial markets, low spreads, instant order management with a minimum trade size.
Offered assets include currencies, stocks, metals, ETFs, commodities, cryptocurrencies, indices. The total number of tradable assets is over 200. Trading is done on a platform adapted for various devices.
Trading accounts in Cymazel
Traditional types of accounts or services with additional conditions are not presented on the website.
After registration, users can choose from 3 types of accounts:
- Minimum account with an initial threshold of $150, recommended for beginners.
- Advanced account with deposits starting from $1,000 for advanced traders.
- Account starting from $5,000 with access to all assets, considered best for experienced clients.
Deposits and withdrawals in Cymazel
Transactions are carried out through cryptocurrency transfers, bank transfers, cards, and electronic payment systems.
Information on withdrawal regulations is not published, and details regarding commissions and other aspects are not disclosed. The broker suggests clarifying such information through the personal account after depositing funds.
Conclusion
Cymazel is a British broker offering trading on various markets with over 200 assets and three-tier education.
Traditional account types are absent on the website.
Information about the organization and project owners, as well as contacts, is presented in a way that communication is conducted straightforwardly and unilaterally.
Additionally, the broker is unlicensed and disclaims responsibility towards clients in the client agreement.