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/10

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
Customer Service Email Address
info@qartalfx.com
Contact Number
+447915651962
Account
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • qartalfx.com
    209.97.167.168
    Server Location
    Singapore Singapore
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

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.

wikifx

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.

Keywords

  • 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.

Three days ago
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.

Three days ago
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.

Three days ago
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

Three days ago
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

Three days ago
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

Three days ago
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.

Three days ago
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.

Three days ago
United States
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