Castle Market Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-26 11:45

Abstract：Castle Market, founded in 2022, offers trading in stocks, bonds, commodities, currencies, options, and futures with leverage up to 1:3000 and EUR/USD spread from 7 pips on the Standard account via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is just 20 USD. However, it operates without regulatory authorization from the National Futures Association (NFA).

Castle Market Review Summary
Founded	2022
Registered Country/Region	Comoros
Regulation	FCA (Exceeded)
Market Instruments	1,000+, stocks, bonds, commodities, currencies, options, futures
Demo Account	✅
Leverage	Up to 1:3000
EUR/USD Spread	7 pips (Standard account)
Trading Platform	MT5
Min Deposit	$20
Customer Support	24/7 support
	Contact form
	Tel: +84 2835352630
	Email: admin@castle-market.com
	Facebook, Twitter, Linkedin, Instagram
	Address: Park 7, Vinhomes Central Park, 720 Dien Bien Phu, ward 22, Binh Thanh District, Ho Chi Minh City, Viet Nam
Regional Restrictions	The USA, Canada, Haiti, Suriname, the Democratic Republic of Korea, Japan and Belgium

　　Castle Market, founded in 2022, offers trading in stocks, bonds, commodities, currencies, options, and futures with leverage up to 1:3000 and EUR/USD spread from 7 pips on the Standard account via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is just 20 USD. However, it operates without regulatory authorization from the National Futures Association (NFA).

Pros and Cons

Pros	Cons
Over 1,000+ tradable instruments	Regional restrictions
Various account types	Exceeded FCA license
MT5 trading platform	Wide spreads
Low minimum deposit	Limited payment methods
24/7 support

Is Castle Market Legit?

　　Castle Market claims that it is regulated by the Financial Conduct Authority (FCA), holding Common Business Registration License with No. 15950041. However, this license has been exceeded.

Regulatory Status	Exceeded
Regulated by	Financial Conduct Authority (FCA)
Licensed Institution	CASTLE MARKET GROUP LTD
Licensed Type	Common Business Registration
Licensed Number	15950041

What Can I Trade on Castle Market?

　　Castle Market offers over 60 currency pairs, stocks, bonds, commodities, options, and futures.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Bonds	✔
Options	✔
Futures	✔
Cryptocurrencies	❌
Indices	❌
ETFs	❌

Account Type

Account Type	Min Deposit
the Ultra low	$20
Standard	$3,000
VIP	$5,000

Leverage

Account Type	MaxLeverage
Ultra Low	3000x
Standard	1000x
VIP	500x

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Castle Market Fees

Account Type	MINI	STANDARD	VIP
EURUSD	9	7	5
USDCHF	11	9	5
GBPUSD	17	15	13
USDJPY	10	8	6

Trading Platform

　　Castle Market offers MT5 desktop and mobile application. MT5 offers a more advanced charting package compared to its predecessor. It supports up to 21 timeframes (compared to 9 in MT4) and provides more graphical objects and technical indicators, facilitating more precise market analysis.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　Castle Market accepts debit/credit card through the Stripe and Payscout platforms. It also accepts cryptocurrency through the Coinbase platform.