Connext

Connext Review: Is Connext Broker Good?

Broker overview and general information

Connext Broker is a registered broker inSaint Vincent and the GrenadinesUnder the International Business Companies Act, it focuses on trading Contracts for Difference (CFDs) on a variety of assets, including Forex, precious metals, energies, and cryptocurrencies, totaling over 60 assets.

Broker trading platform supports MetaTrader 5 (MT5)It offers the flexibility of use on both desktop and mobile devices, so traders can conveniently access the markets and trade anytime, anywhere. The advantage of this broker is that it offers: Maximum leverage up to 1:1000And deposit starting at only $10To access the global market

However, there are still restrictions on services for users in some countries, such as the United States, Canada, Hong Kong, Singapore, and high-risk countries according to FATF criteria. Brokers' services are not regulated by local authorities, which may be a caution for those interested.

Broker Licensing and Regulation

If you ask whether Connext broker is good or not, you have to start by considering the registration and license first, which is a broker.Operated by the companyConnext LLCWhich is registered in Saint Vincent and the GrenadinesUnder the International Business Companies Act, registration number 2652 LLC 2022The company is located at Richmond Hill Road, P.O. Box 2897, Kingstown 

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 2652 LLC 2022 under CONNEXT LLC.

⚠️Warning:Although the broker is regulated, many users are concerned about the FSA license because it is a Tier D license, which has less strict supervision. This makes users feel uncertain about the supervision under this agency. Therefore, this factor should be reconsidered before investing.

Broker Products and Services

Trading products

The broker offers 4 main groups of trading assets to choose from:

• Forex: Over 60 currency pairs to trade, covering major pairs (e.g. EUR/USD, USD/JPY), minor pairs (e.g. EUR/GBP, AUD/JPY) and exotic pairs (e.g. USD/TRY, USD/ZAR).

• Precious Metals: There are CFDs on precious metals such as gold and silver, which are safe havens, ideal for investing during volatile markets.

• Energy: CFDs are available on crude oil (e.g. WTI, Brent) and natural gas.

• Cryptocurrency: There are CFDs on cryptocurrencies such as Bitcoin, Ethereum that are available for trading 24 hours a day.
  

Trading Platform

MetaTrader 5 (MT5)

• It is a popular platform developed by MetaQuotes Software.

• There are many technical analysis tools, charts and indicators.

• Supports the use of Expert Advisors (EA) or automatic trading systems.

• Works on Windows, Mac, iOS, and Android.
  

Copy Trade

• A platform for copying trading accounts or traders who are ready to share their trading strategies.

Advantages of Copy Trade on Connext

• Suitable for beginners:No knowledge or experience is required in trading to generate returns from the Forex market.

• Save time:No need to waste time analyzing and following the market.

• Learn from the pros:You can study and learn trading strategies from successful Master Traders.

• Diversify your risk:You can choose to copy multiple Master Traders to spread your risk.

Connext Review: Account Types 

The broker has 4 types of trading accounts as follows:

Promotions and bonuses

Connext Rebate

When the trading volume reaches 1 standard lot* or more, you will be eligible to receive a Rebate. The higher the trading volume, the higher the Rebate per lot, up to$1.5 per lot

Example of Rebate calculation

Suppose your trading volume this month is 170 lots.

• Your refund will be at$1.25 per lot(Because you traded 170 lots)

• So the total cashback you will receive is 170 x $1.25 =$212.5

note:

• 1 standard lot of USD is equal to a trading volume of $100,000.

Customer Service

• Email [email protected]

• Contact us from Monday to Friday 00:00 - 16:00 GMT.

Broker Review Overview Summary

Connext is an interesting Forex broker for beginners and those looking for a broker with a low minimum deposit of only $10 and a wide range of trading instruments covering Forex, precious metals, energies, and Cryptocurrency.

The MT5 platform used by Connext is popular, easy to use, and has a complete set of analytical tools. It also provides services.Copy TradeThat helps beginners to start trading Forex more easily.

However, brokers also haveDisadvantagesThings to consider include:FSA LicenseThat is not as widely accepted as the FCA or ASIC andInformation about deposits and withdrawals is not clear overall.Brokers have potential but also have risks. Investors should study information or invest with a small amount of money first.

Frequently asked questions about Connext

Q - Do brokers offer swap-free Islamic accounts?

A - Yes, there are swap-free accounts.

Q - Can I try trading without a real account?

A - You can open a demo account and practice for free.

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