Score

1.45 /10
Danger

Kryptocarts

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.51

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
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

open now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Kryptocarts · Company summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Cryptocurrencies, Stock Indices, Commodities and Forex
Account Type Margin and Copy-trading
Demo Account N/A
Maximum Leverage 1:1000
Spread From 0 pips
Commission From 0.001%
Trading Platform web
Minimum Deposit no
Deposit & Withdrawal Method N/A

Kryptocarts, a trading name of KryptoCarts Trading Services LLC, is allegedly a forex broker established in 2018 and registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and floating spreads from 0 pips on the web-based trading platform via two different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Kryptocarts currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

Kryptocarts advertises that it offers access to 80+ trading markets, including Cryptocurrencies, Stock Indices, Commodities and Forex.

Market Instruments

Account Types

Kryptocarts claims to offer two types of trading accounts, namely Margin and Copy-trading. There is no minimum deposit on the Margin account and 0.01 BTC on the Copy-trading account.

Account Types

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Margin account can enjoy the maximum leverage of 1:1000, and the Copy-trading account can experience leverage of 1:100. 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.

Spreads & Commissions

Kryptocarts claims that the spread starts from 0 pips and the commission is from 0.001%.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Kryptocarts gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

There seems to be no minimum initial deposit requirement at Kryptocarts. However, the broker says nothing about the deposit and withdrawal methods. But we guess it may only support crypto payments.

Customer Support

Kryptocarts‘ customer support can be reached by email: SUPPORT@KRYPTOCARTS.COM or live chat. You can also follow this broker on social networks such as Twitter, Telegram, Facebook and YouTube. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple tradable assets • No regulation
• Competitive trading condition • No information on payment methods
• No minimum initial deposit

Frequently Asked Questions (FAQs)

Q 1: Is Kryptocarts regulated?
A 1: No. It has been verified that Kryptocarts currently has no valid regulation.
Q 2: What is the minimum deposit for Kryptocarts
A 2: There seems to be no minimum initial deposit requirement at Kryptocarts.
Q 3: Is Kryptocarts a good broker for beginners?
A 3: No. Kryptocarts is not a good choice for beginners. Although this broker advertises very well, everything may be fake because it is not regulated by any regulators.

User Reviews

More

User comment

1

Comments

Write a review

阿牛
more than one year
One of the most prominent features of Kryptocarts is their rich trading tools. They are a great help for novices and seasoned traders alike. I tried this broker out of curiosity but now this is my main trading platform.
One of the most prominent features of Kryptocarts is their rich trading tools. They are a great help for novices and seasoned traders alike. I tried this broker out of curiosity but now this is my main trading platform.
Translate to English
2022-12-19 17:31
Reply
0
0