FX Cartage Information
FX Cartage is an unregulated brokerage company registered in Saint Lucia. This firm provides trading in forex, CFDs, futures, commodities, metals, cryptocurrencies, and indices with the popular MT5 platform. It offers five live trading accounts and one demo account. However, these accounts charge a much higher fee at the lower tier and there are no managed portfolios available. Furthermore, there is limited information about trading fees on most investments.
Pros and Cons
Is FX Cartage Legit?
FX Cartage operates without regulation from any recognized financial authority. Engaging with an unregulated broker like FX Cartage carries substantial risks, and investors should be aware of the potential consequences before depositing funds.
What Can I Trade on FX Cartage?
Every online brokerage is different in terms of what you can invest in. FX Cartage gives you plenty of ways to diversify your portfolio. With this firm, you can get access to more than 200 trading instruments in 6 asset classes, including forex, CFDs, futures, commodities, metals, cryptocurrencies, and indices. That makes it easier to shape your portfolio to fit your risk tolerance and goals. But if you're looking for stocks, bonds, or ETFs, you won't find them here.
Account Types
Some online brokerages tier their accounts. Tiers can be based on your balance or features and benefits you enjoy. Whether it is a pro or con depends on what you're looking for in an online brokerage. FX Cartage tiers its accounts with four options based on your deposit amount: Micro, Mini, Premium, and ECN.
All account types support EA, commission-free trades are available for all account types except ECN, and swap-free trading is only available with Micro. If you invest at least $5,000, you'll get the best trading condition with spreads from 0.2 pips and a modest commission. The minimum deposit of the Micro account is $100.
Besides, FX Cartage also offers a demo account for beginners. However, there is no information available for other products such as futures, commodities, and cryptocurrencies.
Trading Platform
MT5 (MetaTrader 5) is available with FX Cartage. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to FX Cartage's 24/5 customer support. You have multiple choices, including phone (+971 43432219), email (admin@fxcartage.com), and an online chat feature.
The Bottom Line
All brokerages aren't created equally. Most excellent brokerages not only give you more investment choices but also present you with more routes to achieve your goals. FX Cartage puts you fully in control of your portfolio. If you'd rather get a little help from a pro when picking instruments, you may want to think about researching another brokerage instead. Furthermore, the regulatory hurdles and lack of transparency on trading fees are drawbacks investors can not ignore.
FAQs
Is FX Cartage safe?
FX Cartage al is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Is FX Cartage good for beginners?
No, potential investors should be aware that this firm has no valid regulatory certificates.
Does FX Cartage offer leveraged trading?Yes, FX Cartage provides a leverage option, which is up to 1:500.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
