Castle Market

WikiFX | 2024-10-30 14:41

Abstract：Castle Market, founded in the United States in 2023, offers forex, crypto CFDs, and gold trading with three account types. It provides high leverage (up to 1:3000) and spreads starting at 0.1 pips. However, the platform lacks regulatory oversight.

Castle Market Review Summary
Registered Country/Area	United States
Founded Year	2023
Regulation	Unregulated
Market Instruments	Forex Trading, Crypto CFDs, and Gold Trading
Account Types	Awesome, Standard, VIP
Minimum Deposit	$20
Maximum Leverage	1:3000
Spreads	Start from 0.1 pips
Trading Platform	MetaTrader 5 (MT5)
Demo Account	/
Customer Support	Email (admin@castle-market.com)
Customer Support	Phone (+842835352630)
Deposit & Withdrawal	Credit/debit cards (Stripe & Payscout), Cryptocurrency (Coinbase)

Note: Castle Market's official website: https://castlemarketventures.com/ is currently inaccessible normally.

Castle Market Information

Castle Market, founded in the United States in 2023, offers forex, crypto CFDs, and gold trading with three account types. It provides high leverage (up to 1:3000) and spreads starting at 0.1 pips. However, the platform lacks regulatory oversight.

Pros and Cons

Pros	Cons
3 Account Options	Unregulated
MetaTrader 5 Platform	Limited Customer Support
Spreads Starting at 0.1 pip
Leverage up to 1:3000

Is Castle Market Legit?

Castle Market is owned and operated under the domain castlemarket.com, which was registered on November 2, 2012, and is set to expire on November 2, 2025. Despite being registered in the United States, it is not regulated by any U.S. financial authorities.

What Can I Trade on Castle Market?

Castle Market provides three financial products, including forex trading, crypto CFDs, and gold trading.

While it provides three trading options, it does not support cryptocurrencies and indices.

Tradable Instruments	Supported
Forex	✔
Crypto CFDs	✔
Gold Trading	✔
Cryptocurrencies	❌
Indices	❌

Account Types

Castle Market offers a total of three types of live trading accounts: Awesome Account, Standard Account, and VIP Account. The platform doesn't provide demo accounts.

Account Type	Minimum Deposit	Leverage	Spreads	Execution	Suitable For
Awesome Account	$20	Up to 1:3000	Starting from 0.1 pips	Instant	Aggressive traders with low initial investment
Standard Account	$3,000	Up to 1:1000			Traders seeking balance between leverage and control
VIP Account	$5,000	Up to 1:500			Experienced traders prioritizing tighter spreads

Leverage

Castle Market offers tiered leverage options, ranging from 1:3000 for the Awesome Account to 1:500 for the VIP Account, with the Standard Account at 1:1000.

Castle Market Spreads

Castle Market offers competitive spreads starting from 0.1 pips across all account types. This tight spread can lower the cost of trades for users.

Trading Platform

Castle Market offers the MT5 trading platform, which is suitable for both mobile and desktop devices (including Windows and macOS). It is more suitable for experienced traders.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Mobile and Desktop（Windows & macOS）	Experienced Trader
MT4	❌	Mobile and Desktop（Windows & macOS）	Beginner

Deposit & Withdrawal

Castle Market does not charge any fees for deposits or withdrawals. The minimum deposit required is $20, and you can fund your trading account using debit or credit cards through Stripe and Payscout, or by depositing cryptocurrencies via Coinbase. Additionally, there is a minimum profit threshold of $1 before you can request a withdrawal.