Arkcoin-Some important Details about This Broker

Since Arkcoins official website (https://arkcoin.cc/) is temporarily down, we could only piece together a rough picture of xx as a forex broker by gathering relevant information from other websites.

General Information

Established in 2022, Arkcoin is an online forex broker registered in Saint Vincent and the Grenadines, offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices and more. Investors have the flexibility to choose among Beginner, Intermediate and Expert accounts, with the minimum deposit to start with this broker reaching up to €250.

Arkcoin is the trading brand operated by Flack Consulting LLC, with registration number: 1730 LLC 2022. All Card transactions are processed by Flack Consulting LLC with registered address at First Floor, First St. Vincent Bank Ltd Building, James Street Kingstown, St. Vincent and the Grenadines.

Please note that this forex broker is not subject to any valid regulation.

Market Instruments

Arkcoin only hypes that it offers clients access to more than 200 trading assets, but does not specify its trading asset classes.

Account Types

Arkcoin has designed three trading accounts to suit different traders trading needs, namely Beginner, Intermediate, and Expert accounts.

To open the most basic account, €250 is required, which appears to be much higher than its competitors requirements of less than $100. The Intermediate and the Expert account ask for an initial deposit of €2,500 and €25,000, respectively.

Other account features include over 200 trading assets tradable, scalping allowed, day trading signals, 24 x5 support via email, phone.

Leverage

Trading leverage varies depending on different trading accounts, ranging from 1:200 to 1:600, which is much higher than levels considered appropriate for retail traders by many regulatory authorities. Please note that high leverage is not always the good thing, as it may increase your profits, but more importantly, it can cause serious fund losses, especially to inexperienced traders.

Spreads & Commissions

Spreads and commissions are not mentioned anywhere.

Trading Platform

Arkcoin offers its clients a proprietary trading platform, instead of the industry-leading MT4 or MT5 trading platform. In fact, the webtrader this forex broker offers is just a simples trading platform with some basic designs, far cry from the MT4 or MT5 trading platform.

Deposit & Withdrawal

The minimum deposit is €250. Arkcoin allows its clients to make a deposit and withdrawal through VISA, MasterCard, Maestro, Bank Transfer, Wire Transfer.

Customer Support

Traders with any inquiries or trading-related issues can only get access to Arkcoins customer support through an email it gives: support@arkcoin.cc.

No other more direct or effective contact channels, like telephone, whatsapp, are available.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.