Connoisseur Investments Limited revisão

On-line since: 2013
Country of origin: British Virgin Islands
Regulation: BVIFSC - British Virgin Islands Financial Services Commission.
Payment options: Connoisseur Investments Limited offers few options for withdrawing and depositing funds through Neteller or International bank transfer
Minimum account size: 200$
Minimum lot size: 0.01 lots
Leverage: up to 1:500
Spreads: variable

About the company:

Connoisseur Investments Limited (CNS) is a little known offshore broker licensed by the British Virgin Islands Financial Services Commission.

Products and Services

CNS offers just 24 forex pairs with no exotic currencies at all. The broker also offers CFDs on gold, silver, copper, oil, and several major indices, including the Dow Jones Germany Titans 30.  However, there are no CFDs on commodities, stocks or cryptocurrencies.

Asset Security

The company’s official website does not provide any documented information about protection of the clients’ accounts. Also, it is not clear whether clients’ funds are kept in segregated accounts or not. Moreover, no bank partners are mentioned.

Accounts and currencies

Account Currency - USD. Two main types of accounts are available to customers:

Standard Account with a minimum deposit of $200

• Spreads from 1 pip
• Leverage 1: 500
• Minimum transaction 0.01 lots
• Maximum transaction 50 lots
• Personal Manager: not available

Premium Account with a minimum deposit of $500

• Spreads from 1 pip
• Leverage 1: 500
• Minimum transaction 0.01 lots
• Maximum transaction: not limited
• Personal Manager: YES

The broker offers PAMM accounts and Islamic accounts.

Minimum deposit

You can open an account starting at $200. These minimum deposit requirements are rather high compared to other brokers.

Spreads and Commissions

Spreads start at 1 pip. There is no upper limit.

Leverage

Leverage is set up to 1: 500.

Trading platforms

CNS MT4

This is a version of the popular MetaTrader platform by CNS. It features the same intuitive interface and prompt operation. All major indicators are available to traders. The platform is compatible with all major operating systems.

MT4 Multi Terminal

This efficient and user-friendly trading tool enables traders to manage multiple accounts simultaneously from their personal account. It is possible to trade at once from several accounts of the same type.

Both platforms are available for smartphones.

Customer support

Customer support service is available 24/5 via phone or email stated on the broker's website. There is also a Live chat. Please note that all communication is done in English.

Reviews

Judging by the comments of foreign traders, the overall image of the company is quite negative. CNS is an offshore broker with a doubtful regulatory status and rather disappointing trading conditions - uncompetitive spreads and a limited set of trading instruments. Still, the lack of a reliable license remains the biggest drawback of this broker.

Pros:

• High leverage;
• popular MetaTrader platform.

Cons:

• lack of a reliable license;
• no firm security guarantees for client funds;
• high spreads;
• a limited number of currency pairs and trading instruments;
• high minimum deposit requirements;