In this review we compared Celox with competition based on fees, spreads, offer of trading assets and experience of traders.
Our Celox review starts with some additional information of this new forex broker.
Celox, also known as Celox.live was founded in 2021 in Kingston St. Vincent and the Grenadines. Currently, the broker is an STP broker that focuses on commodity and forex trading. They offer their services to both retail and institutional clients. The broker is building a strong reputation in the industry for its transparency, great service, and reliability.
Celox Trading Conditions and Client Fund Protection
Celox offers excellent trading conditions that suit traders with different needs.
Mostly the broker offers commission-free trading with tight spreads t. The broker integrates their fee into the spread.
Scalping and hedging is allowed on all accounts. Celox offers STP execution and one-click trading.
The broker offers a variety of deposit and withdrawal methods which are all very fast:
Wire transfer: The minimum deposit is unlimited, while the maximum deposit is $250. There are no deposit fees, but Celox does not cover any fees that your bank might charge. For withdrawals, the minimum withdrawal is $100 and can take between 2-10 days. Fees depend on the bank.
Credit/Debit cards: You can use Visa, Visa Electron, Mastercard, or Maestro to deposit or withdraw funds.
The maximum deposit is $10000, while the minimum deposit is $250. Processing time is up to ten minutes, and there are no deposit fees. For withdrawals, the minimum amount you can withdraw is as low as $100 and takes between 2-10 days. There are no withdrawal or deposit fees
Bitcoin : Celox offers also the opportunity to deposit and und your account using Bitcoin.
Client Fund Protection & Safety
Celox values the security of their client’s funds. They offer the below measures to keep clients’ funds safe:
Segregated Funds Account
Celox strictly handles client information, accounts and deposited funds by separating them into our segregated bank accounts. These funds are independently kept and separate from the funds of the company. Clients funds will not be used for day to day business operations such as utilities, rent, or employee salaries.
Celox regularly conducts both internal and external audits to ensure our organization has met all the legal requirements that come with operating our business properly and safely. Additionally, we also regularly do KYC & AML reviews, assessments and employ several operational risk controls throughout the business.
Celox is a reliable Forex broker which is trusted by thousands of our loyal clients from different countries. The reliability of the company is an ability to meet the expectations of clients, excellent quality of work and services. Successful work of Celox risk-management team ensures stable work of the company in any situation on the market.
Liquidity of the biggest banks
Liquidity for Celox is provided by biggest world banks. Moreover the clients of the company get only the best prices from the price float which is offered by these banks for the most beneficial orders.
Every client should be sure that his funds and his personal information are kept securely while working with our company.
Measures of security are:
Data Transfer Protection
Data transfer via an SSL security connection with encryption of information helps to prevent the interception of user data by a third party while working with the website, no matter where you are.
Protection from Negative Balance
The Celox company makes compensations of the clients’ losses that exceed the amount of funds on their trading accounts. This means that when negative balance takes place because of a sharp movement on the market, it will be set to zero in order to protect the clients from the unexpected losses.
Multilevel system of servers
Infrastructure, which consists of multiple servers, supports uninterrupted work of the system. And a complex scheme of data backup helps to prevent loss of the clients’ information (personal data, history of commercial transactions, etc.) in any situation.
International security standard
Internal procedures of the company are based on the PCI DSS security standard, which involves a complex approach to information security of the clients’ data.
Data storage protection
Data of users is protected not only while transferring between the company’s website and the browser, we also provide an encryption of all stored information that helps to prevent unauthorized access to the data of our clients.
Why Trade Through Celox?
Quick Account Opening
Setting up your Celox Trading account only takes only a few minutes. Simply sign up, verify your details and you are ready to go!
Benefit from the tight spread, Low commission, fast execution, trading tools, economic calendar and premium support.
Full STP Technology – NO conflict of interests
- Trades are placed with leading liquidity providers, often tier-1 banks and ECN’s to ensure there is no dealing or intervention performed on your trades.
- Accurate real time prices that mirror the global market conditions. You will benefit from more competitive pricing (tighter spreads), no-requotes and price improvements.
- No restrictions or limitations on trading strategies like scalping, hedging and news.