CARLTON Forex Broker

CARLTON Review SummaryFounded2022Registered Country/RegionSaint LuciaRegulationNo regulationMarket InstrumentsCFDs on forex, stocks, commodities, indices, cryptocurrencies, ETFs, etc.Demo Account✅Leverage Up to 1:500Spread40-50 points for forex (Standard account)Trading PlatformMT5Minimum Deposit$10Customer SupportContact form, WhatsAppTel: +971 4 832 2845Email: support@carltonfx.comFacebook, Twitter, Instagram, LinkedInRegistered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint LuciaPhysical Address: #1404, 14th Floor, Zone A, Aspect Tower, Executive Tower-D, Business Bay, Dubai, UAERestricted AreasUnited States of America, Canada, Israel and the Islamic Republic of IranCARLTON Information Registered in Saint Lucia while physically operating in Dubai, UAE, CARLTON is a brokerage company who offers more than 1,200 trading instruments to both retail and institutional traders. Their business mainly fall into categories like CFDs on forex, stocks, commodities, indices, cryptocurrencies, ETFs, etc. It provides a demo account for practicing before actual trading and 5 tiered accounts, with a minimum deposit of $10 only, which is affordable to most traders. Trades are excuted on the most popular and advance MetaTrader 5 platform. However, one of the facts that cannot be neglected is that the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.Pros and ConsPros Cons Demo accounts availableNo regulationMT5 platformTiered accountsLow minimum depositIs CARLTON Legit? The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. CARLTON is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose CARLTON with caution.What Can I Trade on CARLTON? CARLTON offers 1,200+ trading instruments 24 hours a day, 7 days a week. These mainly include:Tradable Instruments Supported CFDs✔Forex✔Stocks✔Commodities✔Indices✔Cryptocurrencies✔ETFs✔Bonds❌Options❌Account Type & Fees Except for a demo account with virtual money to practice before commiting real money, CARLTON offers a 5 tiered live accounts for clients to choose from. Minimum deposit is only $10, affordable to most traders, even beginners. While for spreads, the higher level the account is, the wider the spread will be for metals and forex. No trading commissions will be charged except for the Zero account with the tightest spread. The commission will be 25 dollars per trade.Account TypeMinimum DepositSpread (Forex)Spread (Metals)CommissionZero$10Under 10 points0 points25 dollarsPro30-40 points40 points❌Premium25-35 points35 points❌Standard40-50 points50 points❌Cent25-50 points35 points❌Leverage Leverage will be up to 1:500 for all account types for this broker, which means your profits can be maximized to 500 times of your initial deposit. However, be cautious with leverage since it amplifies your losses at the same time.Trading Platform Clients of CARLTON can enjoy the industry recognized MetaTrader 5 platform with robust functions and friendly user interface. You can access the platform on both mobile and Windows devices.Trading PlatformSupported Available Devices Suitable for MT5✔Mobile/WindowsExperienced tradersMT4❌/BeginnersDeposit and Withdrawal The broker claims to accept all payment methods, including MasterCard, Razorpay, Skrill, Neteller, Ethereum, Tether, Tron, and Wire Transfer.