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CONNOISSEURINVESTMENTS_LIMITED

CONNOISSEURINVESTMENTS_LIMITED
About 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 trading in only 24 currency pairs, completely excluding exotic currencies. There are also CFDs on gold, silver, copper, oil and several major indices including the Dow Jones and Germany Titans 30. However, there are no CFDs on commodities, stocks or cryptocurrencies.

 

Asset security

On the official website, it was not possible to find documented information about the insurance of client accounts. Also, the broker does not say whether the clients' money is kept separately or not. Partner banks are not specified.

 

Accounts and currencies

Account currency USD. There are two main types of accounts available to clients:

 

Standard Account

Spreads from 1 pip Leverage 1: 500 Minimum trade size 0.01 lot Maximum trade size 50 lots Personal manager: NO

 

Premium Account

Spreads from 1 pip Leverage 1: 500 Minimum trade size 0.01 lot Maximum trade size not limited Personal manager: YES

 

The broker also opens PAMM accounts and an Islamic account type.

 

Minimum deposit

The deposit starts from $ 200. It is worth noting that this is a very high entry threshold for this broker.

 

Spreads and commissions

Spreads start from 1 pip. The upper limit is not indicated.

 

Leverage

Leverage is set up to 1: 500.

 

Trading PlatformsCNS MT4

CNS's version of the popular Meta Trader platform. Same clean interface and fast execution. All major indicators are available to traders, the platform is supported by all major operating systems.

 

MT4 Multi Terminal

A practical and very convenient tool for simultaneously managing multiple accounts from one personal account. Traders get the opportunity to trade from several accounts of the same type at once.

 

Both platforms are available on mobile.

 

Support service

You can contact the support service 24/5 by phone or email indicated on the broker's page. Live chat also works. Please note that the language of communication is English.

 

Reviews of traders

The broker is not known in the Russian-speaking segment of the market. If we focus on the comments of foreign traders, then in general there is a negative image of the company. CNS is an offshore broker with dubious regulatory status that offers rather disadvantageous trading conditions - uncompetitive spreads and a limited set of trading instruments. However, the most serious problem remains the lack of a reliable license.

 

Pros:

 

high leverage; popular Meta Trader platform.

 

Minuses:

 

lack of a reliable license; dubious guarantees of the safety of client funds; high spreads; a limited number of currency pairs and trading instruments in general; high entry threshold; communication only in English.

 

 

CONNOISSEURINVESTMENTS_LIMITED is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.

In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.

The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.

What is the benefit of a broker?  

 

The broker CONNOISSEURINVESTMENTS_LIMITED makes profit from traders' transactions, as a rule, in two main ways.

The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.

The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.

Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.

 

Ways to cheat customers  

 

We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.

The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.

Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.

In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where are brokerage companies registered?

 

One of the key points is the place of registration and regulation of the company's activities.

Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.

However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.

But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization,   considering disputes between its members - brokers and their clients.

If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to pay attention to?

 

When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.

It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.

Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.

Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.

Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.

FAQ - broker questions

  • 1. Do the trader reviews impact on a rating of CONNOISSEURINVESTMENTS_LIMITED ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker.

  • 2. How to leave a comment about CONNOISSEURINVESTMENTS_LIMITED on the website 4ex.review ?

    In order to leave a review about the broker, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the broker CONNOISSEURINVESTMENTS_LIMITED decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. CONNOISSEURINVESTMENTS_LIMITED received a score of 1 of 5 on our resource.

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