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Saint Vincent and the Grenadines1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
|Risk Management Index||0.00|
No valid regulatory information, please be aware of the risk!
Qartal FX Limited
Platform registered country and region
Saint Vincent and the Grenadines
Pyramid scheme complaint
Qartal FX presents itself as an online trading company registered in Australia, offering a series of trading solutions for day traders and scalpers as well as novices. Qartal FX says it offers clients over 99 instruments, leverage up to 1:1000, and spreads as low as 0.0 pips.
Please note that it has been verified that Qartal FX is not authorized or regulated by any regulatory authorities, and it got a low score of 1.26 (with the full mark up to 10 points) on WikiFX.
Qartal FX offers a bulk of 120 trading instruments for its clients to get access to. Four classes of trading assets including Foreign Exchange, Indices, Commodities, and Bonds are available through this brokerage platform.
Four trading accounts are available with the Qartal FX platform, mainly categorized by the minimum initial deposit requirement for each account, namely Micro, Standard, ECN, Raw Spread, and Islamic accounts.
Trading leverage varies depending on trading accounts, and the maximum leverage offered by Qartal FX is quite high, up to 1:1000, the preferable choice for professional traders and scalpers. However, since leverage can amplify gains as well as losses, it is advisable that traders should choose the proper amount that they feel most at ease.
Spreads & Commissions
Spreads and commissions are determined by trading accounts you are holding. The Micro account and the Standard account offer a zero-commission trading environment, with a spread from 1 pip and 0.6 pips, respectively. The ECN account offers competitive spreads from 0.0 pips, accompanied by a commission of $5 per lot. With the Raw Spread account, the average spread on the EUR/USD is 0.1 pips, with a small commission of $3.5.
Qartal FX offers its clients access to the leading MT5 trading platform, which can be accessed on any device, IOS, Android, Web, and PC Terminals.
With the MT5 trading platform, you can get access to trade in the forex, CFDs, and futures markets. MT5 enables you to build and use automated trading strategies in addition to providing you with a broad range of resources. More than this, you can access a variety of industry-standard charts and analytical tools that offer powerful insights into how an asset or a financial market is performing.
Deposit & Withdrawal
Qartal FX says it does not charge any additional fees for deposits and withdrawal. This broker allows its clients to make a deposit and withdrawal through Credit Cards (VISA, MasterCard), Wire Transfer, PayPal, Neteller, Skrill.
The withdrawal request cut-off is 12:00 AEST/AEDT, if your withdrawal is submitted before this time, it will be processed on the day of receipt. If the withdrawal is submitted after this time, it will be processed on the following business day.
Credit Card withdrawals are processed free of charge. Once processed, Credit/Debit Card withdrawal may take 3-5 business days to reach your credit card. For withdrawal via International Bank Wire Transfers, a processing fee of 20 AUD or currency equivalent is charged by the banking institution.
Traders with any inquiries or any trading-related problems can get access to customer support through the following channels:
Phone Number: +447915651962
A Contact Form
Company Address: First Floor, First St. Vincent Bank Ltd Building, James Street Kings Town, St. Vincent, and the Grenadines
Or you can also follow this brokerage on some social media platforms through Facebook, Twitter, Linkedin, and more.
Trading derivatives and leveraged products carry a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone.
Please note that the information contained in this article is for general information purposes only.
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