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No Regulation
Score
1.21 /10
Danger
FX Cartage
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.72
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| FX CartageReview Summary | |
| Founded | 2023-07-26 |
| Registered Country/Region | Saint Lucia |
| Regulation | Unregulated |
| Market Instruments | Forex/Commodities/Spot indices/Cryptocurrencies/Spot metals/Futures/CDFs |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips |
| Trading Platform | PC/Mac/Mobile(Android/iOS) |
| Min Deposit | $200 |
| Customer Support | Phone: +971 43432219 |
| Phone: +971 561835625 | |
| Email: admin@fxcartage.com | |
| Online Chat | |
| Facebook/Twitter/Instagram/Skype | |
FX Cartage Information
FX Cartage is a broker. Over 200+ tradable instruments with a maximum leverage of 1:500 include forex, commodities, spot indices, cryptocurrencies, spot metals, and futures. The broker also provides four accounts, including Micro, Mini, Premium, and ECN. The minimum spread is from 0.2 pips and the minimum deposit is $200. FX Cartage is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Spread from 0.2 pips | Unregulated |
| Various tradable instruments | MT4/MT5 unavailable |
| Leverage up to 1:500 | No 24/7 customer support |
| Demo account available |
Is FX Cartage Legit?
FX Cartage is not regulated, making it less safe than regulated brokers.
What Can I Trade on FX Cartage?
FX Cartage offers a wide range of market instruments, including CDFs,forex, commodities, spot indices, cryptocurrencies, spot metals, and futures.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Spot Indices | ✔ |
| Cryptocurrencies | ✔ |
| Spot Metals | ✔ |
| Futures | ✔ |
| CDFs | ✔ |
| Shares | ❌ |
| Stocks | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FX Cartage has four account types: Micro, Mini, Premium, and ECN. Traders who want low spreads and low leverage can choose an ECN account, while those with a small budget can open a micro account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Micro | Mini | Premium | ECN |
| Min Deposit | $100 | $500 | $2500 | $5000 |
| Spread | 2 pips | 1.5 pips | 1 pips | 0.2 pips |
| Commission | No | No | No | Yes |
| Leverage | 1:400 | 1:400 | 1:400 | 1:300 |
| EA Allowed | Yes | Yes | Yes | Yes |
| Swap charges | No | Yes | Yes | Yes |
FX Cartage Fees
The spread is from 0.2 pips, the commission is 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
FX Cartage cooperates with the authoritative Mtrade trading platform available in PC, Mac, and mobile (Android and iOS) to trade.
| Trading Platform | Supported | Available Devices |
| Mtrade | ✔ | PC/Mac/Mobile(Android/iOS) |
Deposit and Withdrawal
The minimum deposit is $200. FX Cartage accepts Visa, Skrill, MasterCard, UnionPay, Wire transfer, and Neteller for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
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