CtiEX
Honest Review
Official Website: www.ctiex.com
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If you are familiar with Daweda Exchange, this review will look very similar to it, as they are both exchange services and not Binary Options brokers. CtiEX is a new platform that is becoming very popular in an outstanding time. The reason is because of their lack of mystery. They are being 110% honest with that they do. Even though we like transparency, we cannot determine whether a product is good or not by just checking their honesty. The real question is, does the platform work?
Is this Daweda Exchange?The first thing that called our attention is the fact that they are using a white label from Daweda Exchange with very slight differences. Using White Label does not mean that they are not legit whatsoever. Although they are using the same interface, we could find out that CtiEX is allowing several other countries to open an account with. We need to also take in consideration that this is not a Binary Options broker, but an exchange platform instead.
While the Binary Options brokers will allow you to trade against them, and you will either profit from them or they will profit from you, CtiEX will allow you to trade against other traders. The way it works is that you will buy orders and not options as with Binary Options. Those orders will be purchased predicting what direction will the asset take. In the other hand, another trader will be purchasing orders for the opposite direction. The winner takes all. Each order is $10 and just as with Daweda Exchange, CtiEX allows you to change your entry level on an order, if the level has not been touched, by simply using plus or minus buttons (+ or -). What is the payout?Since this is not a Binary Options broker, you can make 100% of each winning trade. This means that if your prediction is accurate, you will double up your initial transaction amount. The exchange service, meaning CtiEX, will take a 5% commission on each transaction, either won or lost.
CtiEX Order BookThe CtiEX Order Book is a real time report that is being shown on each asset you are trading with, and showing you what other traders are doing at the same time. You can see what orders they are taking for both sides, Buy or Sell. This feature will help you as well to see how the transparency of CtiEX is working, as you will see how you either predict accurately or the other traders in the Order Book predicted accurately against you.
CtiEX ATS (Automatic Trading System)?Indeed, CtiEX is offering and automated trading system (ATS) that allows traders to use a fully auto trader on the CtiEX platform. In addition, the same website offers a clear explanation as to how doing it. Nevertheless, you have to understand that setting up an auto trader will always involve risks and you may lose your total investment. Even with this feature, CtiEX is not that different from Daweda Exchange.
CtiEX Demo AccountThankfully, CtiEX is offering a free Demo Account to all new members. That way you can review all the platform with zero risks. The great thing about CtiEX is that the Demo Account will perform in the same exact platform that your real account will. Therefore, you will avoid all of the issues we have to face when the Demo Account has a lot of good benefits that the real account does not.
Minimum Deposit and WithdrawalCtiEX is requesting now one of the lowest deposits on the market. The minimum deposit is $100. Given the fact that the contract's price is $10, we find the $100 minimum deposit very fair and appropriate. The methods to deposit are the most common ones, such as Credit Card, Debit Card, Skrill, Neteller and others.
When it comes to withdrawal, there is no limit and there is no fee. However, the withdrawal can only be made to the same payment method you used when you deposited. The amount won't make a difference, but this is their policy when it comes to the withdrawal method. Does BLW trust CtiEX?We trust the platform CtiEX is using. The reason is simply because we trust Daweda Exchange 100%. The CtiEX platform is a White Label from Daweda, so we have to say that it is indeed a working system. However, CtiEX is fairly new in the market, which is why we would recommend you to go with a trusted broker instead, or go to Daweda Exchange, to be working with a trusted and recommended broker.
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