Score
Cyprus
|
5-10 years
| https://forex.conotoxia.com/
Website
Rating Index
Influence
C
Influence index NO.1
Brazil 2.99
LicensesLicensed Entity：Conotoxia Ltd
License No. 336/17
Cyprus| ConotoxiaReview Summary | |
| Founded | 2013 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC |
| Market Instruments | CFDs (forex, indices, shares, ETFs, commodities, cryptos, futures) |
| Demo Account | ✅ |
| Leverage | Up to 1:30 (Retail clients) |
| EUR/USDSpread | 0 pips |
| Trading Platform | MT5, cTrader, Conotoxia APP |
| Min Deposit | 400 PLN, 100 EUR, 100 USD or 100 GBP |
| Customer Support | 24/5 support |
| Tel: +357 250 300 46 (Cyprus office) | |
| +48 224 639 988 (Poland branch) | |
| Email: support@cy.conotoxia.com | |
| Social media: Twitter, YouTube | |
Conotoxia is a CFD broker in Cyprus, which was registered in 2013. This company focuses on the CFD markets, and offers trading services related to forex, indices, shares, ETFs, commodities, cryptos, and futures. More importantly, it is regulated by Cyprus Securities and Exchange Commission (CySEC).
| Pros | Cons |
| Regulated well | Single account type |
| Wide range of CFD products | Limited payment options |
| Demo accounts | |
| Flexible leverage ratios | |
| Multiple trading platforms (MT5 included) | |
| No fees for deposits and withdrawals |
Yes, Conotoxia is regulated by Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that Conotoxia operates in compliance with the stringent financial standards and practices set forth by CySEC.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Cyprus Securities and Exchange Commission (CySEC) | Regulated | Cyprus | Market Making (MM) | 336/17 |
WikiFX field survey team visited Conotoxia's regulatory address in Cyprus, and we found the company's physical office.
Conotoxia offers trading services related to CFDs, and customers can trade forex, indices, shares, ETFs, commodities, crypto, and futures on the platforms provided by Conotoxia.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| ETFs | ✔ |
| Futures | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Conotoxia only provides one type of account: Smart Account with the minimum deposit requirement of 400 PLN or 100 EUR/USD/GBP.
The leverage for different types of CFDs is not the same, but on the whole, the leverage can be up to1:30. Customers need to be careful, because high leverage may bring high potential risks.
Conotoxia claims to offer EUR/USD spread from 0 pips.
As for the commissions, different trading instruments have different commission fees.
| Trading Instrument | Commission |
| CFDs Indices | ❌ |
| Single Stocks CFD and Single ETF CFD | 0.5% per trade deal |
| Stocks CFD and ETFs CFD | 0.1% per trade (min $2) |
Conotoxia uses 3 types of platforms, including MT5, cTrader, and Conotoxia APP.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Tablet, Web | Experienced traders |
| cTrader | ✔ | Desktop, Mobile, Tablet, Web | / |
| Conotoxia APP | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| Deposit Options | Base Currencies | Deposit Fee | Deposit Time |
| Bank transfer | EUR, USD, GBP, and PLN | ❌ | 1-5 working days |
| Withdrawal Options | Base Currencies | Withdrawal Fee | Withdrawal Time |
| Wire Transfer | PLN | ❌ | Requests are processed between 8:00–16:00 CET time |
| SEPA Transfer | EUR, USD, GBP | ||
| International Transfer |
Several users have gone as far as to call Conotoxia a “scam” or “Ponzi-style operation,” alleging that the platform ignores refund requests, and many users are also making similar claims. In this Conotoxia Review 2025, we take a closer look at the platform’s user experiences, complaints, and regulatory challenges to determine whether it is legit or not.
CySEC has paused Conotoxia Ltd’s investment license as part of a regulatory review. The firm has one month to meet governance and compliance conditions.
Conotoxia, the retail trading arm of Poland-based fintech Cinkciarz, has launched an investment advisory service with no entry barriers and a low threshold. It is the first company in the forex and contracts for the different industries to offer the product on a large scale. The service is available to retail traders from Europe and will provide individual investment recommendations on selected financial instruments.
Risk‑first: Conotoxia charges no brokerage fees on forex, indices, energies and metals; it applies a fixed commission of ~$40 per $1 million traded on FX instruments. Spreads on EUR/USD reportedly range from ~0.10 pips (under ideal conditions) to typical user‑reported spreads of 5–10 pips under live conditions. Commission and swap rates are not fully disclosed and may vary by account or instrument
Risk‑first: Conotoxia Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 336/17, meaning it operates under EU-level oversight with investor protections such as negative balance protection and client fund segregation. However, CySEC has recently fully suspended its license due to governance and compliance breaches, preventing it from offering investment services until corrections are made
While official timelines are not published, multiple user reviews report severe delays from several days to weeks, with some funds reportedly unreturned at all. Trustpilot feedback includes “transfer … still not processed as of 9th October” and stories of missing money since months ago
Cons include license suspension by CySEC for governance violations, high spreads and commission margins (~40 USD per million traded, or spreads up to ~5–10 pips), limited transparency on fees, and extremely poor user feedback about withdrawal processing and customer service responsiveness
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