Cinpax Review: Instant Access to Global Stocks or a SCAM?

Cinpax - logo
Rating:
1.3

Would you like instant access to global stocks? That’s precisely what Cinpax promises. Hold on, though. Before diving in, allow us to conduct an investigation to determine if this is a potential scam. Once you’ve read our review, you’ll be better equipped to decide whether opening an account with this company is a wise choice.

Cinpax General Information

Website https://cinpax.com/
Phone Number +18009851351
Email customer.info@cinpax.net
Address Beachmont Business Center, 219, Kingstown, Saint Vincent & the Grenadines
License
Minimum Deposit $250
Assets CFDs
Leverage Up to 1:400
Trading Platform Unknown software

Registration and Client Portal Review

When we first visited the Cinpax website, we thought that there was something wrong with our screen. Seriously, what are those empty frames? We didn’t understand what that design move was. Well, whatever. Overall, this is not a big deal for such a second-rate website. The design is completely templated. Some photos of strange people, background pictures, graphs, and so on. However, at least the information about contacts and trading accounts is fully presented here.

Cinpax - website

The registration process on the Cinpax website looks very impressive. You have to fill out a questionnaire with all your contact information, including your address. However, then disappointment comes. First, it seems that the broker does not verify your contact information. You will not receive confirmation codes to your email or phone. Second, the registration strangely failed. Most likely, it is closed here.

Registration

Closed registration is a bad thing for brokers for several reasons. This can be a red flag that the broker is trying to hide something. Second, closed registration can make it difficult for clients to withdraw their money. If the broker is not transparent about its registration process, it may be more difficult to get your money out if you need to.

Registration failed

Cinpax Trading Conditions

Cinpax, the epitome of mediocrity in the online brokerage world, proudly offers a selection of five trading accounts, each designed to cater to a specific level of trading expertise. Or so they claim.

Account Types Review

In reality, the only thing these accounts have in common is their high minimum deposit requirements.

  • For the bargain-hunting beginner, Cinpax offers the Starter Account, a sad excuse for a trading experience. With a minimum deposit of a measly $250, you’ll gain access to a whopping 0.1 lot order size and leverage of up to 1:400. Just don’t expect much in terms of platform features or customer support. After all, you’re only a beginner, right?
  • If you’re feeling a bit more adventurous, you can upgrade to the Basic Account, a slight step up from the Starter Account’s abysmal offerings. For a minimum deposit of $2,500, you’ll enjoy a maximum order size of 10.00 lots and a dedicated account manager who might actually answer your emails (sometimes).
  • For the experienced traders out there, Cinpax has the Advanced Account, a package that promises much but delivers little. With a minimum deposit of $25,000, you’ll gain access to a personal portfolio, exclusive daily market analysis that’s as useful as a fortune cookie, and research tools that might help you navigate Cinpax’s labyrinthine platform.
  • If you’re a trading guru with a spare $100,000 lying around, then the Professional Account is the perfect choice for you. Well, maybe not. For that hefty sum, you’ll get all the bells and whistles, including hedging, fixed pricing, a personal portfolio, exclusive daily market analysis that might actually be accurate, education resources, and price alerts that might not trigger at all.
  • For the true VIPs of the trading world, Cinpax has the VIP Account, a mysterious entity shrouded in secrecy. To unlock its secrets, you’ll need to contact Cinpax directly, which is like trying to decipher ancient hieroglyphics. But hey, at least you’ll feel exclusive, even if you’re paying top dollar for mediocrity.

Trading Platform

The Cinpax trading platform is a proprietary platform that is not based on any well-known or established software. The platform is available in both web and downloadable versions, but there is very little information available about its development or licensing.

This lack of transparency is a major red flag for potential traders. When a broker uses an unknown or unlicensed trading platform, it is difficult to assess the platform’s security, reliability, and functionality.

If you are considering using Cinpax, it is important to carefully weigh the risks associated with its unknown and unlicensed trading platform.

Cinpax — Deposit and Withdrawal of Funds

The Cinpax website does not provide any information about deposit methods. The only clue is a link to the “Client Portal,” which is a separate website that requires users to log in.

This lack of transparency is a major red flag for potential traders. When a broker does not disclose its deposit methods, it is difficult to assess the broker’s reliability and trustworthiness:

  • Unscrupulous brokers may use unknown or limited deposit methods to make it difficult for traders to withdraw their funds.
  • Besides, companies that only offer a limited number of deposit methods may charge high fees for those methods.
  • Traders may have to go through a lengthy or complicated process to deposit funds.

Verification

The verification process is designed to protect Cinpax and its clients from fraud. It helps to ensure that clients are who they say they are and that they have the funds to support their trading activities.

Clients must provide:

  • Their full name, date of birth, address, and other personal information.
  • Copies of their passport or other government-issued identification document.
  • A copy of a utility bill or other document that proves their address.
  • A copy of a bank statement or other document that proves they have the funds to support their trading activities.

Once the verification process is complete, the broker will review the information and approve or deny the application. If the application is approved, clients can start trading.

Additional Options

The broker has a number of features that could make it a valuable partner for affiliate marketers. However, there is one major drawback to Cinpax as an affiliate partner: the lack of transparency.

The Cinpax website does not provide any information about its partnership program. There is no mention of the program’s terms and conditions, compensation structure, or requirements. It is difficult to assess the value of a partnership program if you do not know the terms and conditions.

We hope that Cinpax will address this issue in the future. A transparent program would make this broker a more attractive option for affiliate marketers.

Is Cinpax a Scam?

Cinpax at the moment seems to us not a very good option. The trading conditions here are standard. There is a lot that is not disclosed. What about the legitimacy of the company? Is it so bad?

Cinpax claims to be a legitimate broker. However, the footer of its website does not provide any legal information, including the company’s registration number. We checked the registry of Saint Vincent and the Grenadines and found no matches for the company number or name. This suggests that the broker is simply deceiving its customers. It is not legitimate and does not have a license. The registration period has probably expired long ago.

Legal data check

Cinpax.com Domain Info

Another problem is the broker’s operating time. Although the domain was registered in 2018, it feels like the project started working later. For example, the registration number is dated 2021. And the web archive also shows that the site was not filled before 2021. In general, as you understand, Cinpax’s operating time leaves much to be desired. They have also apparently lost their official registration in these two years.

Domain info

Contacts Review

The contact information on the website is complete. In addition to the live chat on the website, there is also a phone number and email address. However, the address is fake. It is not a real address, and it is no longer valid. This is because, as we remember, there is no such company on the registry of Saint Vincent and the Grenadines.

Pros and Cons

  • Wide range of trading instruments.
  • Competitive spreads.
  • Cinpax is not regulated by any major financial authority.
  • Short operating history.
  • Fake address.
  • Negative reviews.
  • Limited information.

 

3.2 TOTAL SCORE

Cinpax Summary

Cinpax - favi

Cinpax is a fake broker that is not worth your time or money. The company is unregulated, has a short operating history, and has a fake address. Additionally, the company has a number of negative reviews online. For these reasons, it is not recommended to trade with it.


Website information content 3
Client Portal 3
Trading conditions 4
Trading platform 4
Deposit and withdrawal 4
Verification 4
Extra options 3
Licenses and guarantees 2
Work duration 2
Feedback 3

Frequently Asked Questions (FAQ)

What Does Cinpax Offer?

It is a forex and CFD broker that offers a wide range of trading instruments, including forex, CFDs, stocks, and cryptocurrencies. The company also offers a variety of trading features, such as leverage, margin, and stop-loss orders.

How Much Money Should I Invest With Cinpax?

The minimum deposit is $250. However, the amount of money you should invest with Cinpax depends on your individual financial situation and trading goals.

Is Cinpax Safe?

No, Cinpax is not safe. The company is not regulated by any major financial authority, and it has a short operating history.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Volaha

    Dubious broker

    I asked a question about withdrawing funds, but I cannot get an answer from support. The broker, who is also the specialist I work with, simply does not give a direct answer. I am waiting for further decisions on my question from Cinpax. I understand that I may not be the only one, but when you need to deposit these funds, there are many calls from them!

    Reply
  2. Edna Phillips

    Here you will definitely be robbed

    SCAMMERS!!! Your money does not go to your account, but goes to a crypto exchange in Tallinn! So they steal your money and just add the amount you gifted them through the crypto exchange to the terminal, while providing active trading assistance. They return 15% of the investment amount, like, “see, we are withdrawing everything, okay?”, and then EVERYTHING is over – they do not withdraw money under any pretext and demand to top up further. As long as you trade for $500, you are not interesting to them. They are interested in a big catch. For me, it ended with a chargeback.

    Reply
  3. Shirley Norton

    The worst choice

    I have been trading with Cinpax since April of this year. At first, I worked with an analyst. I withdrew my entire deposit and started trading with a profit. After that, they closed my account according to the terms and conditions. The terms and conditions are just general phrases that say that any account can be closed. I wrote an email and contacted them in chat, but they did not even respond. In my opinion, this is an offshore firm (without a license and regulator) that can close its business at any moment and clients cannot make any claims.

    Reply