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/10

Cryptokartal

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://cryptokartal.co

Website

Rating Index

Contact

https://cryptokartal.co

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
5-10 years
Company Name
Elmond Enterprise LTD
Email
compliance.it@cryptokartal.co
About Us
Wiki Q&A
Comment

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Company Profile

Company Profile

Review summary

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.

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.

deposits
withdrawals

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.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Can Cryptokartal be trusted by traders?

Elmond Enterprise LTD, operating as Cryptokartal, has been active for an estimated 5 to 10 years and is registered in Saint Vincent and the Grenadines, an offshore jurisdiction with a reputation for light-touch financial oversight. Its extremely low WikiFX score of 1.57, combined with its unregulated status and a business scope not typical for mainstream retail forex operations, identifies a high-risk profile that lacks the foundational elements of trust present in licensed brokers.

04-02
United States

Is Cryptokartal regulated?

Cryptokartal operates without any verified licenses from established financial regulators such as the UK's FCA, Australia's ASIC, or Cyprus's CySEC. The entity holds no valid regulatory authorization, categorizing it as an unregulated broker. This status means client funds are not protected by any statutory compensation schemes or regulatory safeguards, representing a severe risk warning for potential traders.

04-02
United States

How can I contact Cryptokartal?

Contact details for Cryptokartal are not currently publicly disclosed or verified through its primary corporate channels. The broker's lack of transparent, accessible contact information is inconsistent with standard industry practices for client communication and support.

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

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 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

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.

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
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