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Qartal Fx

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 2-5 years |
ECN Account Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.qartalfx.com/

Website

Rating Index

Contact

+44 7915651962
https://www.qartalfx.com/
First Floor, First St. Vincent Bank Ltd Building, James Street Kings Town, St. Vincent and the Grenadines

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
2-5 years
Company Name
Qartal FX Limited
Email
info@qartalfx.com
Contact Number
+447915651962
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • qartalfx.com
    209.97.167.168
    Server Location
    Singapore Singapore
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

General Information

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.

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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.

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Market Instrument

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.

Account Types

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.

Account

Leverage

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.

Trading Platform

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.

Customer Support

Traders with any inquiries or any trading-related problems can get access to customer support through the following channels:

Email: info@qartalfx.com

Phone Number: +447915651962

A Contact Form

Online Communication

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.

Risk Warning

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.

Company Profile

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is Qartal Fx safe to trade with?

Qartal FX Limited holds a WikiFX score of 1.46, which reflects an extremely high-risk profile and is associated with a severe risk warning, primarily due to its operation without any credible regulatory oversight.

04-02
United States

What is the regulatory status of Qartal Fx?

Qartal FX Limited operates with 'No Regulation' and holds no verified licenses from major financial authorities, as it is registered in Saint Vincent and the Grenadines, a jurisdiction not known for rigorous financial services supervision.

04-02
United States

When was Qartal Fx established?

The broker has been in operation for 2-5 years, indicating it is a relatively recent entrant to the market.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States
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