Trading conditions are where brokerage marketing usually gives way to arithmetic. CGM NEO, the digital platform operated by Continental Global Markets, publishes two of the numbers that matter most to that arithmetic: a maximum leverage of 1:200, and ECN spreads from 1.5 pips.
Leverage of 1:200 is a ceiling, not a recommendation. It defines the largest position an eligible client can control relative to the margin allocated to it, which in turn determines how much of an adverse move an account can absorb before margin becomes an issue. Higher advertised ceilings are common across the industry; a lower cap narrows the distance between a market move and a margin event, in both directions. Leverage magnifies losses exactly as it magnifies exposure, and no leverage setting changes the risk carried by the underlying position.
The second figure describes pricing. An ECN model passes client orders to the firm’s liquidity relationships rather than filling them against a wider internal retail price, and the spread is the visible cost of doing so. Publishing a starting figure of 1.5 pips gives a prospective client something to test against a competitor’s published number rather than against an adjective.
That distinction is the reason both numbers appear at all. Terms such as competitive pricing, deep liquidity or efficient execution carry no fixed meaning and cannot be compared between two brokerages. A leverage cap and a spread floor can be. They are also verifiable: a client can open a Standard account, watch live pricing and see whether the published conditions match the ones on screen.
Neither number should be read in isolation. Spread is only one component of trading cost, sitting alongside commission structure, swap treatment and the quality of fills during volatile sessions. Leverage interacts with position sizing and margin policy. A brokerage is the combination of all of these, not any single line from a comparison table.
Full trading conditions across account types are published by Continental Global Markets.
What the published figures do is move the conversation onto ground where a client can make an informed comparison. For CGM NEO, stating a 1:200 ceiling and a 1.5 pip starting spread is less a marketing position than a commitment to being measured on terms that can actually be checked.
Trading forex, CFDs and digital assets carries a high level of risk and may not be suitable for all investors. Losses can exceed initial deposits in some circumstances.