AuctionsCM provides four types of live trading accounts: Mini, Standard, Pro and Premium. Additionally, the Premium account has a swap-free option. There is no free demo account.
The broker offers trading in forex and CFDs, but we could not find further details about the asset portfolio.
The Company. Security of Funds
AuctionsCM is a forex and CFD broker from Hong Kong, but it is not regulated by the local Securities and Futures Commission (SFC). According to a post in a trader forum, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), but our check did not find an entry in the registry.
Generally, trading with unregulated is riskier than with properly supervised ones. The latter are usually abiding by strict regulatory requirements and provide better client fund protection than the former. We recommend that clients sign up with brokers regulated by UK’s FCA or the Australian Securities and Investment Commission (ASIC) – two regulators known for providing robust supervision and client protection.
Trading with AuctionsCM is done on the most popular forex trading platform – MetaTrader 4 (MT4). It has been on the market for over 10 years and is liked both by brokers and traders. MT4 has a user-friendly interface and is rich in features. It offers the options for algorithmic trading and hedging, supports various types of orders, money management accounts and numerous third-party applications.
AuctionsCM offers the MT4 for desktop and Android and iOS mobile devices.
Methods of payment
The broker accepts payments through Visa and MasterCard cards. Additionally, clients can deposit funds through the online payment portals Neteller, Skrill and WebMoney.
AuctionsCM is an unregulated forex and CFD broker with average features and trading conditions. It is worth noting the unusually high leverage of 1:1000 for the Pro and Premium accounts, which brings very high risk of big losses in just a few trades.
AuctionsCM Review Conclusion
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