Note: For some unknown reason, we cannot open Cryptokartals official site (https://cryptokartal.co) while writing this introduction. Traders need to be careful about this issue.
General Information & Regulation
Cryptokartal, a trading name of Elmond Enterprise LTD, is an unregulated forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with a wide range of tradable financial instruments with a choice of three different live account types on the Leverates Activ8 platform.
Market Instruments
Cryptokartal advertises that it offers a diverse range of trading instruments, which cover currency pairs, CFDs on indices, commodities, precious metals, stocks, ETFs and cryptocurrencies.
Account Types
There are three live trading account types offered by Cryptokartal, namely Micro, Standard and Premium. Opening a Micro account requires the minimum initial deposit amount of $250, while the other two account types have much higher minimum initial capital requirements of $5,000 and $50,000 respectively. However, the broker does not offer free demo accounts.
Trading Platform Available
The platform available for trading at Cryptokartal appears to be Leverates Activ8 platform. The trading software is easy to use and has a nice charting feature. There is also a 'Strategies' category with an array of auto trading bots and external market analysis. The right side of the interface displays three categories: 'Market Analysis', 'News', and 'Calendar'.
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Cryptokartal seems to work with numerous means of deposit and withdrawal choices, consisting of Bitcoin, wire transfer, MasterCard, Visa, OK Pay and Flexepin. The minimum initial deposit requirement is said to be $250. The minimum withdrawal amount for wire transfers is 250, while for any other method is 100.
The broker does charges the withdrawal fee, which differs depending on the withdrawal methods. Specifically, $/€/£50 for wire transfers; $/€/£25 for credit cards plus a processing fee of $10/€7/£5; $/€/£25 for ePayments. A levy of 10% of the withdrawal amount will be charged to any withdrawal from an account that has not executed more than 200 in turnover and/or form accounts that have not been verified.
Bonuses & Fees
Cryptokartal claims to offer a welcome bonus for different account types. For example, a welcome bonus of 10% on the Micro account, 20% on the Standard account and 50% on the Premium account, yet we cannot be sure if the bonus can be withdrawn without any limitation.
The broker also charges a dormant fee. If a client does not log in and trade from his/her account within six months, the account becomes dormant and a Dormant fee of 10 % applies each month.
Customer Support
Cryptokartal‘s customer support can be reached by email: compliance.it@cryptokartal.co. Registered address: Suite 305 Griffith corporate centre PO Box 1510 Beachmont Kingstown, St. Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
