Overview of CRYPTO ALTUM
CRYPTO ALTUM is a cryptocurrency and forex trading platform based in the Marshall Islands. Established within the past 2-5 years, it operates without regulatory oversight, which may raise concerns about transparency and security for potential users. The minimum deposit requirement stands at $100 or its equivalent in other currencies. CRYPTO ALTUM offers a maximum leverage of 1:500, allowing traders to potentially amplify their positions.
Traders on CRYPTO ALTUM have access to a diverse range of tradable assets, including cryptocurrencies, forex pairs, gold, and various stock market indices. The platform offers two main account types: CRYPTO ALTUM ECN and CRYPTO ALTUM Standard, catering to different trading preferences and styles. While the ECN account charges commissions, the Standard account does not.
Is CRYPTO ALTUM legit or a scam？
CRYPTO ALTUM operates without regulation by any governing authority, a factor that could potentially raise apprehensions regarding the transparency and supervision of the exchange. Unregulated exchanges lack the oversight and legal safeguards provided by regulatory bodies, thereby exposing users to elevated risks such as fraud, market manipulation, and security breaches. The absence of regulatory oversight may also create difficulties for users in addressing grievances or resolving disputes. Furthermore, the absence of regulation can contribute to an environment where transparency is limited, making it challenging for users to ascertain the authenticity and dependability of the exchange.
Pros and Cons
Pros:
Competitive Leverage Ratios: CRYPTO ALTUM offers competitive leverage ratios, allowing traders to potentially amplify their positions. A leverage ratio of 1:500 provides traders with the opportunity to control larger positions with a relatively small amount of capital. This can enhance profit potential but also carries higher risk, so it's essential for traders to use leverage responsibly.
User-Friendly Trading Platform: CRYPTO ALTUM provides a user-friendly trading platform that is accessible to traders of all experience levels. The platform's intuitive design and ease of use make it suitable for both beginners and experienced traders. User-friendly interfaces can enhance the overall trading experience by simplifying order placement and analysis.
Lowest Trading Fees: CRYPTO ALTUM boasts low trading fees, which can benefit traders by reducing their overall trading costs. Low fees mean that a smaller portion of profits is consumed by transaction costs, allowing traders to retain more of their earnings. However, it's crucial to consider other factors, such as spreads and commissions, when evaluating the actual cost of trading.
Fast Withdrawals: CRYPTO ALTUM offers fast withdrawal processing, ensuring that traders can access their funds promptly when needed. Fast withdrawals can be particularly important for traders who wish to manage their finances efficiently or take advantage of other investment opportunities.
Instant Account Opening: CRYPTO ALTUM allows for instant account opening, streamlining the onboarding process for new traders. This quick account setup can be convenient, as traders can swiftly access the platform and start trading without unnecessary delays.
Cons:
Lack of Regulatory Oversight: One notable drawback of CRYPTO ALTUM is the lack of regulatory oversight. Regulatory oversight provides traders with a level of protection and assurance that their funds are being handled responsibly. In the absence of regulatory supervision, traders should exercise caution and thoroughly research the platform before trading.
Relatively New Brokerage: CRYPTO ALTUM is described as a relatively new brokerage. Newer brokerages may not have an established track record, which can make it challenging for traders to assess their reliability and performance over time. It's advisable to conduct due diligence and consider the platform's reputation and customer feedback.
Not Available in Some Countries or Regions: CRYPTO ALTUM may not be available to traders in certain countries or regions due to regulatory restrictions or other factors. Traders should check the platform's availability in their location before attempting to open an account.
Limited Market Analysis and Insights: The platform's limited market analysis and insights could be a disadvantage for traders who rely heavily on research and analysis to make informed decisions. Comprehensive market analysis tools and resources can be essential for traders looking to stay updated on market trends and make strategic trading choices.
Market Instruments
CRYPTO ALTUM offers a diverse range of trading assets across multiple markets, catering to the preferences of various traders. Here's a concrete description of the trading assets available:
Cryptocurrencies: CRYPTO ALTUM provides a comprehensive selection of cryptocurrencies for trading. This includes popular digital currencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others. Traders can engage in cryptocurrency trading pairs, allowing them to capitalize on the price movements of these digital assets.
Forex: CRYPTO ALTUM also offers a wide array of forex trading pairs. These pairs involve major, minor, and exotic currency pairs, providing ample opportunities for forex traders to participate in the foreign exchange market. Examples of major pairs include EUR/USD, GBP/USD, and USD/JPY, while minor and exotic pairs offer diverse trading options.
Commodity: CRYPTO ALTUM offers the opportunity to trade various commodities, including precious metals like gold and silver, as well as energy resources such as crude oil. Commodities are essential assets in global markets, and their prices can be influenced by factors like supply and demand, geopolitical events, and economic indicators.
Indices: CRYPTO ALTUM extends its trading offerings to stock market indices. Traders can access CFDs (Contracts for Difference) on various major indices such as the S&P 500, Dow Jones Industrial Average, NASDAQ, and more. These indices represent the performance of specific segments of the global financial markets, allowing traders to speculate on their movements.
With this diversified range of trading assets, CRYPTO ALTUM provides traders with the flexibility to explore different markets and build diversified portfolios based on their trading strategies and risk appetites. Whether it's cryptocurrencies, forex, gold, or indices, CRYPTO ALTUM offers ample opportunities for traders to participate in various financial markets.
Account Types
CRYPTO ALTUM offers two distinct account types: the CRYPTO ALTUM ECN account and the CRYPTO ALTUM Standard account, each tailored to suit the preferences and needs of different traders.
The CRYPTO ALTUM ECN account is designed for traders seeking optimal trading conditions and access to a wide range of financial instruments. The ECN account operates with a maximum leverage of 1:500, offering traders substantial flexibility in managing their positions. Traders can enjoy the advantages of straight-through processing (STP) execution. While there is a commission associated with this account type, it varies depending on the traded asset, with $35 per $1 million for forex and $350 per $1 million for cryptocurrencies.
On the other hand, the CRYPTO ALTUM Standard account offers a more straightforward and accessible option for traders. The account operates with the same leverage of 1:500 as the ECN account, allowing traders to make the most of their capital. One notable feature of the Standard account is its zero-commission structure, making it cost-effective for traders who prefer fee-free trading. With a minimum deposit requirement of $100 equivalent, this account is accessible to a wide range of traders.
How to Open an Account？
Opening an account with CRYPTO ALTUM is a straightforward process that can be completed in three easy steps:
Register for an Instant Account:
Begin by visiting the CRYPTO ALTUM website and locating the registration section.
You'll be pleased to know that CRYPTO ALTUM does not require Know Your Customer (KYC) documents for registration, making the process quicker and more convenient.
Fill in the necessary information to create your account, which typically includes your email address, password, and other basic details.
After completing the registration form, submit it to create your account.
Fund Your Account:
Once your account is registered and ready, you can proceed to fund it.
CRYPTO ALTUM supports a variety of cryptocurrencies for deposits, including BTC (Bitcoin), ETH (Ethereum), USDC (USD Coin), USDT (Tether), BCH (Bitcoin Cash), LTC (Litecoin), and TUSC.
Choose the cryptocurrency you prefer to fund your account with and follow the provided instructions.
Ensure you transfer the desired amount to your CRYPTO ALTUM account to have the necessary trading capital.
Start Trading with High Leverage:
With your account funded, you're now ready to start trading.
CRYPTO ALTUM offers a range of trading options, including Bitcoin, cryptocurrencies, Forex, commodities, and indices.
You can take advantage of the high leverage provided by CRYPTO ALTUM, with leverage ratios of up to 1:500, to amplify your trading positions and potential returns.
Access the trading platform, select your preferred assets, set your trading parameters, and execute your trades.
Leverage
CRYPTO ALTUM offers a maximum leverage of 1:500 for both its account types, which are CRYPTO ALTUM ECN and CRYPTO ALTUM Standard.
Leverage is a tool that allows traders to control a larger position size than their initial capital. In this case, with a maximum leverage of 1:500, for every $1 in your trading account, you can open a position worth up to $500.
While high leverage can amplify potential profits, it also increases the risk of significant losses. Traders should exercise caution when using high leverage and consider their risk tolerance and risk management strategies. It's crucial to be aware that while leverage can magnify gains, it can also magnify losses, so it should be used judiciously and with a clear understanding of the associated risks.
Spreads & Commissions
CRYPTO ALTUM offers different spreads and commission structures based on the account types it provides:
CRYPTO ALTUM ECN:
Spreads: The spread for CRYPTO ALTUM ECN can vary depending on market conditions and the specific cryptocurrency or forex pair you're trading. ECN accounts typically have variable spreads, which means they can become narrower or wider based on market liquidity and volatility. However, specific spread values for different assets are not provided in the information provided.
Commission: CRYPTO ALTUM ECN charges a commission of $35 per $1 million for forex trading and $350 per $1 million for cryptocurrency trading. This commission is applied on a per-lot basis.
CRYPTO ALTUM Standard:
Spreads: The information provided does not specify the exact spread values for CRYPTO ALTUM Standard accounts. Typically, standard accounts have variable spreads that may vary based on market conditions and the asset being traded.
Commission: Unlike CRYPTO ALTUM ECN, CRYPTO ALTUM Standard accounts have zero commission charges. Instead, the cost of trading is usually incorporated into the spread.
It's important to note that spreads and commissions can significantly impact a trader's overall trading costs. Generally, ECN accounts tend to have lower spreads but charge a separate commission, while standard accounts may have wider spreads but no commission fees. Traders should consider their trading style and preferences when choosing between these account types, keeping in mind that lower spreads and commissions can lead to reduced trading costs, especially for frequent traders.
Trading Platform
CRYPTO ALTUM offers a Virtual Private Server (VPS) service to traders who meet specific requirements, including a minimum deposit of $1,000 USD and a minimum monthly trading volume of 50 lots in BTC or 10 lots in FX. Utilizing a VPS for hosting your trading platform provides several advantages for traders.
One significant advantage is the ability to maintain a continuous connection to the CRYPTO ALTUM trading servers even when your desktop, mobile, or tablet is offline. This ensures that your automated trading strategies can operate 24 hours a day, 7 days a week without interruption.
Additionally, a VPS setup significantly reduces latency, with connection speeds typically less than 5 milliseconds. This low latency is crucial for ensuring timely order execution and minimizing delays in transmitting trading signals.
Furthermore, a VPS hosted by CRYPTO ALTUM can be accessed from various devices, enhancing flexibility and convenience for traders. This accessibility allows traders to monitor and manage their trading activities from virtually anywhere.
Overall, CRYPTO ALTUM's VPS service offers traders the advantage of uninterrupted automated trading, low latency, and accessibility from multiple devices, making it a valuable tool for those who meet the specified requirements.
Deposit & Withdrawal
CRYPTO ALTUM provides its users with a range of cryptocurrency payment methods for funding and withdrawing from their accounts. Here's a detailed description of these payment methods, including minimum deposit requirements and processing fees:
Payment Methods:
Minimum Deposit:
Deposit Fees:
Withdrawal Process:
Withdrawal Fees:
Customer Support
CRYPTO ALTUM offers customer support to assist users with their inquiries and concerns. Here's a description of their customer support services:
Customer Support Channels:
Availability:
Educational Resources
CRYPTO ALTUM offers a variety of educational resources to help traders enhance their knowledge and skills in the world of cryptocurrency and forex trading. Here's a description of their educational resources:
Webinars:
CRYPTO ALTUM provides webinars that cover a range of topics related to trading, technical analysis, risk management, and market insights. These live online seminars allow users to learn from experienced traders and industry experts. Webinars are an interactive way to gain knowledge and can include Q&A sessions for participants to get their questions answered.
Ebooks:
The platform offers a selection of ebooks covering different aspects of trading, including forex trading, cryptocurrency trading, and strategies for success. Ebooks provide in-depth knowledge on specific topics and can serve as comprehensive guides for traders looking to expand their expertise.
Video Tutorials:
CRYPTO ALTUM features video tutorials that cover various aspects of trading, including how to use the trading platform effectively, technical analysis techniques, and tips for successful trading. Video tutorials provide visual and practical insights, making it easier for users to grasp complex concepts.
Conclusion
In conclusion, CRYPTO ALTUM offers competitive advantages in the cryptocurrency and forex trading space, including competitive leverage ratios, a user-friendly trading platform, low trading fees, fast withdrawals, and instant account opening.
However, it's important to note some potential drawbacks, such as the lack of regulatory oversight, being a relatively new brokerage, limited availability in certain regions, and the platform's limited market analysis and insights. Traders should weigh these factors carefully when considering CRYPTO ALTUM as their trading platform of choice, ensuring they align with their trading goals and risk tolerance.
FAQs
Q1: What is CRYPTO ALTUM, and what services does it offer？
A1: CRYPTO ALTUM is a cryptocurrency and forex trading platform that provides a range of trading services, including access to various financial instruments like cryptocurrencies, forex pairs, commodities, and indices. It offers both standard and ECN account types to cater to different trading preferences.
Q2: What leverage is available on CRYPTO ALTUM？
A2: CRYPTO ALTUM offers a maximum leverage of 1:500 for both CRYPTO ALTUM ECN and CRYPTO ALTUM Standard accounts. This leverage allows traders to potentially amplify their positions, but it also involves higher risk.
Q3: Are there any fees or commissions for trading on CRYPTO ALTUM？
A3: CRYPTO ALTUM charges a commission on certain types of trading. For example, there is a commission of $35 per $1 million traded for forex pairs and $350 per $1 million traded for cryptocurrencies on the CRYPTO ALTUM ECN account. However, there are zero commissions on CRYPTO ALTUM Standard accounts.
Q4: What cryptocurrencies can I use for deposits and withdrawals on CRYPTO ALTUM？
A4: CRYPTO ALTUM supports several cryptocurrencies for deposits and withdrawals, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), and True USD (TUSD).
Q5: Does CRYPTO ALTUM provide educational resources for traders？
A5: Yes, CRYPTO ALTUM offers a range of educational resources to help traders improve their skills. These resources include webinars, ebooks, and video tutorials covering various trading topics such as technical analysis, risk management, and market insights. These resources aim to support traders of all experience levels.
2023-04-06 10:28
2023-02-27 14:12
