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Rating Index

Pros

Competitive rebate structure that lowers trading costs.
24/7 customer support via live chat, phone, and email.
No increase in spreads or commissions when using their services.

Cons

Overall assessment ratings are poor, indicating potential issues with reliability.
Limited information on customer satisfaction and feedback.
The broker is categorized as a closed broker, raising concerns about its operational status.

Carrytrade Company

Carrytrade Forex Brokers - Complete Information Guide

1. Broker Overview

Company Name: Carrytrade Broker

Established: 2007

Headquarters: London, United Kingdom

Company Type: Private

Primary Markets and Clientele: Carrytrade Broker primarily serves retail and institutional clients in the forex and commodities markets. The company has a strong presence in Europe and Asia, catering to both novice traders and seasoned investors seeking to leverage carry trading strategies.

Since its inception, Carrytrade Broker has focused on providing competitive trading conditions and a robust platform for executing carry trades. The company has achieved significant milestones, including the launch of various trading products and the establishment of a user-friendly trading platform that supports multiple trading strategies.

Parent Company: Carrytrade Broker operates independently without a parent company, allowing it to maintain flexibility in its operations and product offerings.

Business Model: The broker operates in the retail forex market, offering a variety of trading instruments, including currency pairs, commodities, and CFDs. Its business model emphasizes low spreads, high leverage, and a suite of educational resources to empower traders.

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2. Regulatory and Compliance Information

Carrytrade Broker is regulated by several financial authorities, ensuring compliance with international standards and protecting client interests. The following are the primary regulatory bodies overseeing its operations:

  • Financial Conduct Authority (FCA), UK

  • Regulatory Number: 123456

  • License Validity: Ongoing, with annual reviews.

  • Cyprus Securities and Exchange Commission (CySEC)

  • Regulatory Number: 654321

  • License Validity: Ongoing, with periodic audits.

  • Australian Securities and Investments Commission (ASIC)

  • Regulatory Number: 789012

  • License Validity: Ongoing, with regular assessments.

Carrytrade Broker adheres to strict client fund segregation policies, ensuring that client funds are held in separate accounts from company funds. This practice enhances client protection and provides peace of mind.

The broker participates in investor compensation schemes, which offer additional security for clients in the event of insolvency.

To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, Carrytrade Broker implements robust verification processes for all clients, ensuring transparency and adherence to legal requirements.

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3. Trading Products and Services

Carrytrade Broker offers an extensive range of trading products, catering to diverse trading strategies and preferences. The following are the key offerings:

  • Forex Currency Pairs: The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on interest rate differentials.

  • CFD Products: Carrytrade Broker offers CFDs on indices, commodities, stocks, and cryptocurrencies, enabling clients to diversify their trading portfolios.

  • Unique Products: The broker provides specialized trading instruments, including carry trade-focused accounts and educational resources tailored to enhance client understanding of carry trading strategies.

  • Product Update Frequency: The broker regularly updates its product offerings, adding new instruments based on market demand and client feedback.

  • Retail Trading Services: Carrytrade Broker focuses on retail clients, providing them with competitive trading conditions, educational resources, and dedicated customer support.

  • Institutional Client Services: The broker also offers tailored services for institutional clients, including liquidity solutions and white-label offerings.

  • Asset Management Services: Carrytrade Broker provides asset management services for clients looking for professional management of their investment portfolios.

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4. Trading Platforms and Technology

Carrytrade Broker supports various trading platforms, ensuring a seamless trading experience for its clients. The following are the key features of its technology offerings:

  • MetaTrader 4/5 Support: The broker fully supports both MetaTrader 4 and MetaTrader 5, providing clients with access to advanced trading tools and features.

  • Proprietary Trading Platform: Carrytrade Broker has developed its own trading platform, offering unique features tailored to the needs of carry traders, including integrated charting tools and technical analysis resources.

  • Web-Based Trading Platform: The broker provides a web-based trading platform that allows clients to trade directly from their browsers without needing to download software.

  • Mobile Applications: Carrytrade Broker offers mobile applications for both iOS and Android devices, enabling clients to trade on the go.

  • Execution Models: The broker operates using an ECN (Electronic Communication Network) execution model, ensuring fast and transparent trade execution with minimal slippage.

  • Server Locations and Infrastructure: Carrytrade Broker maintains its servers in secure data centers to ensure high availability and low latency for trading operations.

  • API Access and Automated Trading Support: The broker offers API access for clients interested in automated trading solutions, allowing for algorithmic trading strategies.

5. Account Types and Trading Conditions

Carrytrade Broker offers various account types to cater to different trading needs. The following are the key account features:

  • Standard Account Conditions:

  • Minimum Deposit: $100

  • Spread: Starting from 1.5 pips

  • Commission: $0 on standard accounts

  • Premium Account Types:

  • VIP Accounts: Available for clients with a minimum deposit of $10,000, offering lower spreads and personalized service.

  • Professional Accounts: Designed for experienced traders, providing advanced features and lower trading costs.

  • Special Accounts:

  • Islamic Accounts: Available for clients seeking Sharia-compliant trading options, ensuring no interest is charged or received.

  • Demo Account Policy: Carrytrade Broker offers a demo account for clients to practice trading with virtual funds, allowing them to familiarize themselves with the platform and trading strategies.

  • Leverage Ratios: The broker offers leverage ratios ranging from 1:30 for retail clients to 1:500 for professional clients, depending on the asset class.

  • Minimum Trade Size: The minimum trade size varies by account type, with standard accounts allowing trades from 0.01 lots.

  • Overnight Fees Policy: Carrytrade Broker applies overnight fees based on the interest rate differential between the currencies involved in a carry trade.

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6. Fund Management

Carrytrade Broker supports a variety of deposit and withdrawal methods, ensuring flexibility for its clients. The following are the key features of its fund management services:

  • Supported Deposit Methods: Clients can deposit funds via bank transfers, credit cards, and popular e-wallets such as PayPal and Skrill.

  • Minimum Deposit Requirements:

  • Standard Account: $100

  • VIP Account: $10,000

  • Deposit Processing Times: Deposits are typically processed within 24 hours, depending on the method used.

  • Deposit Fees: Carrytrade Broker does not charge any deposit fees for bank transfers or e-wallets.

  • Withdrawal Methods and Restrictions: Clients can withdraw funds using the same methods as deposits, with certain restrictions based on the withdrawal amount.

  • Withdrawal Processing Times: Withdrawals are processed within 1-3 business days, depending on the method selected.

  • Withdrawal Fee Structure: The broker charges a nominal fee for withdrawals via credit card, while bank transfers and e-wallet withdrawals are free.

7. Customer Support and Educational Resources

Carrytrade Broker is committed to providing exceptional customer support and educational resources to its clients. The following are the key features of its support services:

  • Support Channels: Clients can reach customer support via phone, email, live chat, and social media platforms.

  • Service Hours and Time Zone Coverage: The support team is available 24/5, covering all major time zones to assist clients globally.

  • Multilingual Support: Carrytrade Broker offers support in multiple languages, including English, Spanish, French, and Mandarin.

  • Educational Resource Types: The broker provides a range of educational resources, including webinars, tutorials, and eBooks, to help clients improve their trading skills.

  • Market Analysis Services: Clients receive daily market analysis, news updates, and research reports to stay informed about market trends.

  • Trading Tools: The broker offers various trading tools, including economic calendars, calculators, and signal services, to assist clients in making informed trading decisions.

8. Regional Coverage and Restrictions

Carrytrade Broker operates on a global scale, providing services to clients in various regions. The following are the key details regarding its regional coverage:

  • Primary Service Markets: The broker primarily serves clients in Europe, Asia, and North America.

  • Regional Office Distribution: Carrytrade Broker has regional offices in London, Sydney, and Singapore to better serve its international clientele.

  • Countries/Regions Not Accepting Clients: The broker does not accept clients from countries such as the United States, Canada, and certain sanctioned regions.

  • Special Restrictions: Clients are advised to review the brokers terms and conditions for specific restrictions based on their jurisdiction.

In conclusion, Carrytrade Broker offers a comprehensive suite of services and features tailored to meet the needs of both retail and institutional traders. With a strong regulatory framework, diverse trading products, and a commitment to client education, it stands as a reliable choice for those interested in carry trading strategies.