Founded in 2020, ARTSMRKTS provides forex, precious metals and so on trading through MT4 trading platform. It offers tow kinds of live accounts and demo accounts with many funding methods. However, there is a concern that it is not regulated well.
Pros and Cons
Is ARTSMRKTS Legit?
ARTSMRKTS has no regulation. Hereto, it do not operate its business activity under the regulation of any institution.
What Can I Trade on ARTSMRKTS?
ARTSMRKTS offers forex, precious metals, indices, cryptos and more to trade.
Account Type
In ARTSMRKTS, you can choose swap free Islamic Forex Account and ECN accounts, and demo accounts. Islamic Forex accounts are also known as swap-free Forex accounts, because, within this kind of account, no swap or roll-over interest will be charged to or incurred on positions that are held overnight.
Leverage
ARTSMRKTSoffers the maximum leverage of 1:50 for ECN accounts.
ARTSMRKTS Fees
In ECN trading, you can get spreads as low as 0.8 pip on all majors. Besides, it also offers a variety of spreads across different categories of trading instruments. For example:
Forex Majors: The spread for major currency pairs, such as USDCHF, GBPUSD, AUDUSD, and EURUSD, is 1.6 pips.
Forex Minors: Minor currency pairs, including NZDUSD, AUDCAD, and EURNZD, have a spread of 1.8 pips.
Indices: For trading indices, the spread is set at 1.0 pips.
Cryptocurrency: The spread for Bitcoin (BTCUSD) comes with a round-turn commission of $30.
More details can be learn about through the link: https://www.artsmrkts.com/forex-trading/spreads_and_swaps.
Trading Platform
ARTSMRKTS offers MT4 trading platform across many devices. The MetaTrader 4 mobile application closely mirrors the functionality of MetaTrader 4 for PC. While it supports most features of the PC terminal—such as all trading functions, execution modes, and advanced technical analysis—it does not include algorithmic trading capabilities. With MT4 available for iPhone, iPad, and iPod Touch, users can trade anywhere and anytime, fully leveraging the capabilities of the MT4 platform.
Deposit and Withdrawal
Deposit and Withdrawal Methods
ARTSMRKTS accepts deposits via various methods, including Visa, MasterCard, Skrill, NETELLER, and Digicert.
Withdrawal Process
- Processing Time: Withdrawal requests are processed within 15 minutes, with the requested amount deducted from your account.
- Profit Withdrawals: Any withdrawal of profit or amounts exceeding the initial deposit must be made via bank transfer.
- Minimum Withdrawal Amounts:
- Bank Wire Transfer: Minimum withdrawal amount is $200.
- Electronic Methods (including credit card payments): Minimum withdrawal amount is $50.
- Restrictions: Withdrawal via debit/credit card and IPAYMENTS is not allowed.
- Fees: ARTSMRKTS does not charge withdrawal fees, but users are responsible for any intermediary bank fees associated with bank wire transfers.
Customer Service
The Bottom Line
In conclusion, ARTSMRKTS offers a regular forex services for their traders. It offers Islamic and ECN accounts through MT4 trading platform. However, they charge withdrawal fees and require the minimum withdrawal amount. Its biggest drawback is that it is not regulated.
FAQs
Is it safe to trade with ARTSMRKTS?
No, due to their regulated status.
What security measures does ARTSMRKTS have in place to protect my funds and personal information?
It claims Clients funds deposited with Artsmrkts are held in segregated bank accounts and separated from the company's funds.
What bonus does ARTSMRKTS offer?
ARTSMRKTS offers two types of bonuses: the Welcome Bonus and the Rebirth Bonus. The Welcome Bonus is a 30% bonus available to all new clients, with a maximum bonus amount of $1500, and provides instant access to the bonus funds. The Rebirth Bonus is a 20% bonus with a maximum amount of $1000, also providing instant access to the bonus.
