Score
Malaysia
|
2-5 years
| https://www.concordmarkets.com/en/
Website
Rating Index
MT4/5 Identification
Full License
United Kingdom
LicensesLicensed Entity：Concord Markets Limited
License No. MB/20/0047
Malaysia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
cdgmarket.com Hong Kong
VIP is not activated.
Note: Concord Marketss official website: https://www.cdgmarket.com/ is currently inaccessible normally.
| Concord Markets Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Malaysia |
| Regulation | Labuan FSA (License No. MB/20/0047) |
| Market Instruments | Forex, Commodities, Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| Spread | Raw spreads |
| Trading Platform | MetaTrader 5 (MT5) |
| Min Deposit | $100 |
| Customer Support | Email: support@cdgmarket.com |
Established in 2023 and with headquarters in Malaysia, Concord Markets acts as a regulated broker under the Labuan FSA. Using its MetaTrader 5 platform, Concord provides good trading conditions with an eye toward Forex, indices, and commodities.
| Pros | Cons |
| Regulated under Labuan FSA | Offshore regulation |
| Advanced MetaTrader 5 trading platform | Limited account types |
| Competitive raw spreads | Newly established broker |
| Demo account available | Limited customer support options |
Yes, Concord Markets is a legitimate broker. In Malaysia, it is under control by Labuan Financial Services Authority (Labuan FSA). The licensing type is Straight Through Processing (STP), with license number MB/20/0047.
Concord Markets serves different trader tastes by providing a wide spectrum of financial instruments.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| ETFs | ❌ |
Two account forms are offered by Concord Markets: Classic and Pro, each suited for varying degrees of trading experience.
| Account Type | Spread | Leverage | Commission | Min Deposit | Suitable For |
| Classic | Raw spreads | Up to 1:100 | $6 USD | $100 | Beginner and moderate-level traders |
| Pro | Raw spreads | Up to 1:100 | $4 USD | $2,000 | Experienced traders |
Concord Markets lets traders multiply their bets by providing leverage of up to 1:100. Leverage increases possible earnings but also increases risk, hence prudent money management is very important.
Based on the kind of account, Concord Markets charges raw spreads and a set commission.
| Account Type | Spread | Commission |
| Classic | Raw spreads | $6 per trade |
| Pro | Raw spreads | $4 per trade |
| Non-trading Fees | |
| Deposit Fee | Free (Intermediary bank fees may apply) |
| Withdrawal Fee | Not mentioned |
| Inactivity Fee | $500 per inactive quarter (charged after 3 months of inactivity) |
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MetaTrader 5 | ✔ | iOS, Android, Windows, Mac | Traders requiring advanced tools and automation |
Concord Markets lets regular banking channels be used for deposits and withdrawals. The kind of the account determines the minimum deposit required.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $100 | Free | 1-3 Business Days |
| Credit/Debit Card | $100 | Free | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Transfer | Not specified | Not mentioned | 1-3 Business Days |
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