CTmatador Review: Who Are They and What Do They Do?
CTmatador is a trading platform owned by Wind Holdings Ltd, that offers users the to invest in Forex, cryptocurrencies, shares, commodities, and indices.
On their website is stated that they have offices at multiple locations, but after some research, we came to find that they are based in St. Vincent and Grenadines.
Since this location is quite known for its lack of financial regulations, investing your funds with this firm is not recommended.
|Company||Wind Holdings LTD|
|Address||Amstelplein 1, Amsterdam Netherlands / 80 Raffles Pl, Singapore 048624 / Grosspeteranlage 29 Grosspeter Tower, 4052 Basel, Switzerland / 110 Bishopsgate, London EC2N 4AY, the United Kingdom / Suite 305, Griffith Corporate Center Kingstown St. Vincent and Grenadines|
|[email protected], [email protected], [email protected]|
|Phone||44 203 514 0074, +41 2250 13182, +31 2030 82066, +46 84 200 2388|
Is CTmatador a Legit Broker? Regulation and Fund Security
Even though they say that they have offices in the UK, Switzerland, the Netherlands, and Singapore, it’s all just a big facade to make them look like a big international corporation.
The reality is that CTmatador is an offshore company based in St. Vincent and Grenadines. In terms of regulation, we couldn’t find any information. After browsing their website, there is no mention of funds security.
Of course, scam brokers have no obligation of keeping your funds in segregated accounts, so we were not surprised to learn that CTmatador doesn’t prioritize fund safety.
Overview of the CTmatador Trading Platform
Once you open a live account, you will be able to see their trading platform. After some inspection, we saw that it’s a basic WebTrader without any special features.
A lot of tools that you have with MT4 and MT5 are missing, and it might look like it’s made for beginners, but truth told, they are just using manipulative trading software.
With this type of trading platform, the broker has the possibility to change your positions, open and close them, and even make it look like you made some huge amounts of money. In reality, it’s all a scam to make you invest more.
CTmatador Deposit and Withdrawal Methods
Options for depositing funds include
- Visa and MasterCard
- Crypto Wallet (Coinsbase, Kraken, and Bifinex)
On the other hand, there is no mention of withdrawal options. We went through CTMatador reviews and saw that a lot of people are stating that they are unable to withdraw their money.
They said that upon their request to withdraw, someone gave them a call asking for a reason they are looking to do so.
You will be asked to provide documents, like your ID or driver’s license, the name of your bank, and your credit card. Once they have all of that information, the broker employees will say that the money will be back in your bank account in 5 to 7 business days.
The reality is that they will simply just disappear, and you will not see your money ever again.
Trading Account Available at CTmatador
CTMatador didn’t state anywhere what types of accounts they have besides a risk-free demo account. When you click to open a live account, it will ask you to leave your details, but with an incredibly high minimum deposit of $2,500.
Furthermore, it seems that there’s only one available option – a generic account. Again, this insinuates that they are hiding something from their clients.
How Do These Broker Trading Scams Work?
Like with other scam companies, you will see an ad that shows how you can make money overnight and that a lot of people are getting rich fast this way. It might look interesting and promising, so you leave your details.
After that, you are going to get bombarded with calls and emails asking you to activate your account. Agents will give you a call, and they will sound so charming and persuasive, promising you skies, but in reality, they are only after your money.
If you have fallen victim to a scam, don’t feel ashamed. Brokers like CTmatador are trained to drain you out of all your money.
CTmatador is an offshore scheme firm owned by Wing Holdings Ltd. The broker has been active since 2021 without any sort of financial authorization. This per se should be enough for you to avoid it.
Additionally, the minimum deposit is incredibly high, starting at $2,500, while other trading terms, such as spread and leverage, are not disclosed.
The company provides access to a basic WebTrader, instead of offering an advanced platform. All in all, you have no reason to involve yourself with this or any other bogus firm.
FAQs About CTmatador Broker
What Is The CTmatador Minimum Deposit Amount?
What Is The CTmatador Minimum Deposit Amount?
CTmatador requires a minimum deposit of $2,500 for the basic account.
What Are The Trading Instruments Available at CTmatador?
The firm enables trading in all five major markets – Forex, commodities, indices, shares, and cryptocurrencies.
What Account Types Does CTmatador Offer?
There are no specified account types. Clients can choose either a Live or a Demo account.