COMETA is an online contract for differences (CFD) trading platform launched by COMETA GLOBAL LIMITED in September 2024. It primarily offers CFD trading services for assets such as forex, precious metals, crude oil, indices, and cryptocurrencies to investors. The platform does not provide services to regions where it might violate local laws and regulations.
Platform Service Overview
Trading Accounts
The company claims to offer trading accounts with spreads starting from 0 points. However, the platform does not disclose details about trading leverage, minimum deposit requirements, margin calls, or stop loss margins, nor does it specify trading commission fees or other charges.
Trading Platform
COMETA GLOBAL LIMITED offers a self-developed COMETA trading platform that supports desktop and mobile devices, featuring advanced charting tools, over 50 built-in technical indicators, and intraday analysis tools.
However, upon clicking the mobile app download links provided on the official website, the applications in the App Store and Google Play Store are DexCoin Pro and QINPINSQY, not the COMETA self-developed platform as advertised.
Trading Product Information
Forex
The platform offers trading on a variety of forex currency pairs, including major pairs like EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
Precious Metals
Users can trade spot precious metals such as gold (XAUUSD) and silver (XAGUSD).
Crude Oil
The platform supports CFD trading of US Crude Oil (UsOIL).
Indices
Trading covers several major global indices, including the Nikkei 225 (N225), Germany's DAX (GER30), and S&P 500 (US500).
Cryptocurrencies
Includes trading pairs for cryptocurrencies such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
COMETA GLOBAL LIMITED has not disclosed the deposit and withdrawal methods it supports on its website, nor does it clarify whether there are any additional fees during the process of funding and withdrawals.
Contact Information and Social Media
The platform does not provide official communication channels on mainstream social media such as Facebook, Instagram, and Twitter. Users can only contact the platform via the online contact form or email provided on its website.
Company Background and Regulatory Information
Company Background
According to the website information, COMETA GLOBAL LIMITED is headquartered in London, UK, managed by the UK Companies House, and regulated by the US Financial Crimes Enforcement Network (FinCEN). However, the website does not provide any detailed information about company registration or specific regulatory licenses.
In addition, in the introduction on COMETA’s homepage, this broker is also referred to as CTRL FX, and in the “Risk Disclosure” section, the entity is referred to as Hota Crypto Ltd.
Regulatory Information
After verification, there is no registration information for the company found with the UK Companies House. A company with the same name can be found with the US Financial Crimes Enforcement Network (FinCEN), MSB number 31000283715409, registered in Denver, Colorado. However, since the broker doesn't provide its own company registration information and regulatory details on its website, it is unclear if they are related.
Additionally, the Financial Industry Regulatory Authority (FINRA) in the US has no registration information for COMETA GLOBAL LIMITED.
Note: FinCEN does not directly regulate the trading of financial derivatives such as forex, precious metals, or cryptocurrencies. Its primary responsibility is the development and enforcement of anti-money laundering (AML) and combating the financing of terrorism (CTF) regulations and does not directly regulate forex and other financial derivative trading.
Conclusion
COMETA GLOBAL LIMITED is a newly established CFD trading platform as of 2024 but is not directly authorized or regulated by financial regulatory authorities. Moreover, the information provided on its site lacks detail, contains inconsistencies, and presents contradictions.
Risk Warning: CFD trading carries high risk, and market volatility may lead to the loss of investors' capital. Leverage trading magnifies both risk and potential returns. It is recommended for investors to thoroughly understand market volatility and the mechanism of CFD trading, evaluate their risk tolerance, and only proceed with trading when possessing sufficient experience to avoid blind investments.
