peaksight

Peaksight Ltd is a Cyprus-based investment firm established in 2024, offering online trading in contracts for difference (CFDs) across multiple asset classes. The broker operates from registered offices in Larnaca and Limassol, with a focus on retail and professional traders. Its official website, peaksightltd.com, presents the company as a regulated entity providing access to forex, indices, commodities, and stock CFDs.

As a relatively new entrant, Peaksight positions itself as a comprehensive solution for traders seeking a regulated environment with a simple WebTrader platform. The firm's incorporation in Cyprus places it under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC), which imposes strict operational standards for investment firms.

Peaksight is authorised by CySEC under license number 440/23, holding a Derivatives Trading License for STP (Straight Through Processing) activities. This regulatory status requires the broker to adhere to capital adequacy, client money segregation, and reporting obligations under MiFID II. The company claims membership in the Investor Compensation Fund (ICF), which can provide coverage up to €20,000 per eligible client if the firm fails.

In FXCanary's assessment, a CySEC-regulated broker with a low scam risk score of 17/100 indicates a relatively safe environment, though the short operational history (since 2024) means no track record of client treatment. The broker's compliance with ESMA leverage limits (1:30 for retail clients) further aligns with regulatory protections for retail traders.

Peaksight offers four account tiers: Classic, Silver, Gold, and VIP. All accounts feature a maximum leverage of 1:30 for retail clients, in line with ESMA rules. The broker does not disclose minimum deposit requirements on its website, but the tiered structure suggests varying spreads, additional services, or support levels. Clients can choose between retail and professional classification, with professional status subject to eligibility criteria allowing higher leverage.

According to the broker's website, each account is designed to cater to different trading volumes and goals, though specific differences in spreads or features are not explicitly listed. The lack of detailed comparison may require prospective clients to contact support for full pricing information.

The primary trading platform is Peaksight's proprietary WebTrader, a browser-based interface requiring no installation. The broker claims it offers advanced charting tools, 128-bit encryption, and access to over 160 CFDs. Instruments cover major, minor, and exotic forex pairs; global indices; commodities such as gold and oil; and stock CFDs. Cryptocurrency CFDs are also listed as a market.

While the platform is web-based and convenient, the lack of MetaTrader or other third-party platforms may limit advanced traders who rely on custom indicators or automated trading. The broker does not mention mobile apps or API access, suggesting a focus on simplicity for less experienced users.

Peaksight does not publicly detail deposit or withdrawal methods on its main pages. A general fees document mentions withdrawal fees but omits specific amounts or payment processors. Clients are directed to contact support for inquiries, with phone and email available Monday to Friday from 09:00 to 18:00 GMT. The website provides separate email addresses for compliance, data protection, and customer support.

The absence of transparent funding information is a common shortcoming among smaller brokers. However, the regulated status implies that client funds must be held in segregated accounts. Traders should verify acceptable payment methods and any associated fees before opening an account.