CryptoAltum Review 2025
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Updated:
Reason to avoid: No license
Listed Date: March 28, 2024
Top 3 Forex Brokers
Beware CryptoAltum is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: No license
Listed Date: March 28, 2024
Beware CryptoAltum is a Non-Regulated Broker. It is NOT SAFE to trade
No CryptoAltum is not considered a reliable company. The broker is registered in the Marshall Islands. However, the broker doesn't have a reliable license from a top-tier authority. This means that engaging in trading with them could jeopardize investors' funds.
🏢 Registered in | Marshall Islands |
🗺️ Type of License | No license |
🛡️ Is CryptoAltum safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
CryptoAltum, a relatively recent CFD broker, operates from the well-known offshore jurisdiction of the Marshall Islands. The broker places significant emphasis on trading cryptocurrency CFDs, offering exceptionally high leverage of up to 1:500. Their selection comprises over 60 pairs of various cryptocurrencies traded against major fiat currencies like the US dollar, Japanese yen, and euro, as well as against other cryptocurrencies. However, traders have also access to other assets, such as foreign currency pairs, major stock indices, and gold.
Further research has revealed further insights into CryptoAltum's operations, providing a more comprehensive understanding of the broker.
After conducting a comprehensive investigation, we have uncovered significant concerns regarding CryptoAltum's trustworthiness and commitment to regulatory compliance. Consequently, we are unable to provide a positive rating for CryptoAltum at this time. Traders should exercise caution and consider exploring alternative options that prioritize transparency, regulatory adherence, and the protection of client interests.
Ranking | CryptoAltum | Trading 212 | Eightcap |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Our Ranking | No | Yes | Yes |
Advantages | None | Education | Trading Environment |
Due to the safety issues associated with CryptoAltum, we highly recommend exploring alternative options that prioritize strict regulatory measures and improved trading conditions. Below is a list of reputable brokers offering trustworthy choices and a secure trading atmosphere for your evaluation:
CryptoAltum only accepts deposits in cryptocurrencies. The broker accepts deposits in Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT) - [ERC-20 & TRC-20], Bitcoin Cash (BCH), Litecoin (LTC) and TrueUSD (TUSD). The minimum deposit requirement is $100 or its equivalent in cryptocurrency. CryptoAltum does not charge any deposit fees.
CryptoAltum provides traders with two account types: CryptoAltum ECN and CryptoAltum Standard. The minimum deposit for both account types is $100. The broker also offers high leverage for both options, with ratios reaching up to 1:500. Commissions for the ECN account is $35 per $1M (Forex) and $350 per $1M (Crypto). Standard accounts do not impose any commissions. There are no deposit or withdrawal fees. The base currencies for CryptoAltum ECN and Standard accounts are BTC, and JPY.
Considering the information collected about CryptoAltum, it is evident that this broker offers enticing advantages with favorable features and trading conditions. However, it is crucial to address significant concerns regarding the broker's trustworthiness and credibility. The fact that CryptoAltum is registered in an offshore jurisdiction, namely the Marshall Islands, and lacks any license from a reputable authority raises substantial red flags. Therefore, traders are strongly advised to exercise caution when contemplating this broker as their choice.
Traders should prioritize brokers that hold licenses from reputable authorities such as FCA, ASIC, or CySEC. Numerous regulated brokers provide favorable terms and conditions that adhere to the standards established by top-tier regulations, ensuring a safer and more secure trading environment. Some of the options are Fortrade, HFM, and Interactive Brokers.
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