In this CryptoAltum Review, we are going to take a look at the offer that this broker prepared for its traders. CryptoAltum operates on the financial market since 2020. When it comes to trading platforms, the broker features MetaTrader 5. The CryptoAltum minimum deposit is 1 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this CryptoAltum Review
Website address: | https://cryptoaltum.com/ |
Operated by: | Excel Innovations Ltd |
Licensed and authorised by regulatory bodies: | |
Supported languages: | English |
Customer support available via: | E-mail, live-chat |
Contact details: | [email protected] |
Available deposit methods: | Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), and TrueUSD (TUSD). |
Available withdrawal methods: | Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), and TrueUSD (TUSD). |
Minimum deposit: | 1 USD |
Min. trade in lots: | 0.01 |
Spreads: | Minimal spread on the currency pair EUR/USD - 1,4 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (10), indices (3), cryptocurrencies (60) |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | MetaTrader 5 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
Social trading: |
CryptoAltum Fees (minimal spreads)
We have scanned fees (minimal spreads) that CryptoAltum charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 1,4* | 2,0* | * | 1,9* | 1,4* |
*Minimal spreads were recorded on 26.07.2020 at 13:03 for the standard account. CryptoAltum spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: TheTradersDomain, OneFinancialMarkets, ForexTB and GOMarkets
Frequently Asked Questions
🧐 Is CryptoAltum a Scam?
In accordance with our research, CryptoAltum is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that CryptoAltum is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the CryptoAltum minimum deposit?
In order to start trading with CryptoAltum, you have to deposit at least 1 USD (Trading accounts can also be held in BTC | ETH | XRP | LTC | BCH | UST).
📵 What deposit and withdrawal methods CryptoAltum supports?
⚖️ Would you recommend me choosing CryptoAltum?
We don’t have our own personal experience with CryptoAltum. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider. While there is a decent chance that CryptoAltum is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, Australia, Africa and the USA offering similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
This is nothing but a childish and scam broker. If you do profit a handsome amount, they will block your profit in the name of investigation and banned you from their platform in name of bonus abuse. So if you love your money and profit, just stay away from this broker. They just vanished my 1700 usdt profit which I made through oil and bitcoin trading. Is blocked and vanished by them from my account and only my capital is returned!
Also they will not give you any concrete proof of abuse. They will just email you and thats all! All your profit is gone!