FX Cartage Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-11 15:17

Abstract：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.

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.