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Castle Market -

Score

2.59 /10
Danger

Castle Market

Comoros

1-2 years

Regulated in United Kingdom

Common Business Registration

MT5 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://castle-market.com

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index1.25

Business Index5.29

Risk Management Index0.00

Software Index7.73

License Index1.25

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Castle Market Co.,Ltd

Company Abbreviation

Castle Market

Platform registered country and region

Comoros

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-31
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15950041)Common Business Registration Non-Forex License. Please be aware of the risk!

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Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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Castle Market · Company summary
Castle Market Review Summary
Founded2022
Registered Country/RegionComoros
RegulationFCA (Exceeded)
Market Instruments1,000+, stocks, bonds, commodities, currencies, options, futures
Demo Account✅
LeverageUp to 1:3000
EUR/USD Spread7 pips (Standard account)
Trading PlatformMT5
Min Deposit$20
Customer Support24/7 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 RestrictionsThe 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).

Castle Market's homepage

Pros and Cons

Pros Cons
Over 1,000+ tradable instrumentsRegional restrictions
Various account typesExceeded FCA license
MT5 trading platformWide spreads
Low minimum depositLimited 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 TypeCommon Business Registration
Licensed Number15950041
Exceeded FCA license

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❌
What Can I Trade on Castle Market?

Account Type

Account TypeMin Deposit
the Ultra low$20
Standard$3,000
VIP$5,000
Account comparison

Leverage

Account TypeMaxLeverage
Ultra Low3000x
Standard1000x
VIP500x

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 TypeMINISTANDARDVIP
EURUSD975
USDCHF1195
GBPUSD171513
USDJPY1086
Spread

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 PlatformSupported Available Devices Suitable for
MT5✔Desktop, mobileExperienced 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.

Payment methods

User Reviews

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User comment

3

Comments

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Wingwing Ng
more than one year
Castle Market is fantastic when it comes to deposits and withdrawals! They have a super low minimum deposit, making it easy for everyone to get started. Plus, their deposit and withdrawal process is quick and hassle-free, which is great for busy traders like me.
Castle Market is fantastic when it comes to deposits and withdrawals! They have a super low minimum deposit, making it easy for everyone to get started. Plus, their deposit and withdrawal process is quick and hassle-free, which is great for busy traders like me.
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2024-07-23 18:28
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FX1704459312
more than one year
Love their tight spreads and the 24/7 support is a lifesaver during late-night trading sessions. The platform's a bit complex for newbies, but once you get the hang of it, it's pretty powerful.
Love their tight spreads and the 24/7 support is a lifesaver during late-night trading sessions. The platform's a bit complex for newbies, but once you get the hang of it, it's pretty powerful.
Translate to English
2024-06-27 15:38
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