Crystal Ball Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crystalballmarkets.com/register, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown. St. Vincent and the Grenadines..
Crystal Ball Markets Forex Broker
Basic Information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License Self-developed Suspicious Scope of Business High potential riskCompany profile
Rating Index
Micro
Standard
Crystal Ball Markets Forex Broker - Complete Information Guide
1. Broker Overview
Crystal Ball Markets is a forex brokerage firm established in 2020. The company is headquartered in Saint Vincent and the Grenadines, with additional operations in Canada. As a privately held entity, Crystal Ball Markets focuses on retail forex trading and provides services to a diverse clientele across the globe.
Since its inception, the broker has aimed to cater to both novice and experienced traders by offering a range of trading instruments and account types. Crystal Ball Markets has made significant strides in the forex market, emphasizing a user-friendly trading environment and advanced technological solutions. The firm operates under the name Crystal Ball Markets LLC and has registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
The business model of Crystal Ball Markets primarily revolves around retail forex trading, offering clients access to various financial markets, including currencies, commodities, indices, and cryptocurrencies. This diverse offering ensures that traders have ample opportunities to engage in the financial markets, regardless of their experience level.
2. Regulation and Compliance Information
Crystal Ball Markets is regulated by two primary authorities: FINTRAC in Canada (MSB number: M21983070) and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (license number: 262 LLC 2020). However, it is important to note that while the firm is registered with these entities, it does not hold a traditional brokerage license, which raises concerns regarding investor protection and regulatory oversight.
The regulatory framework under which Crystal Ball Markets operates does not provide the same level of protection as brokers regulated by top-tier authorities such as the FCA or ASIC. Consequently, clients should be aware of the potential risks associated with trading with an unregulated broker. The company adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that client identities are verified and that transactions are monitored for suspicious activities.
Client funds are held in segregated accounts, which helps protect them in the event of financial difficulties faced by the broker. However, the absence of an investor compensation fund means that traders may not have recourse in case of insolvency.
3. Trading Products and Services
Crystal Ball Markets offers a wide range of trading products, catering to various trader preferences. The broker provides access to over 40 currency pairs, including major, minor, and exotic pairs, making it suitable for forex trading enthusiasts. Additionally, the firm offers a diverse selection of Contracts for Difference (CFDs) on various asset classes, including:
- Indices: Major global indices such as the S&P 500 and NASDAQ.
- Commodities: Precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
- Stocks: CFDs on shares from companies listed on major exchanges in the US, UK, and EU.
- Cryptocurrencies: A selection of popular digital currencies, including Bitcoin, Ethereum, and Litecoin.
The broker continuously updates its product offerings, ensuring that clients have access to the latest market trends and trading opportunities. Retail trading services are complemented by features such as PAMM (Percentage Allocation Management Module) and LAMM (Lot Allocation Management Module) accounts, which allow clients to engage in managed trading strategies.
4. Trading Platform and Technology
Crystal Ball Markets utilizes the Mobius Trader 7 platform, a proprietary trading solution designed to meet the needs of modern traders. This platform supports both desktop and mobile trading, providing users with the flexibility to trade on the go.
The Mobius Trader 7 platform is equipped with advanced features, including:
- Algorithmic Trading: Traders can deploy AI-powered trading algorithms using JavaScript, enhancing their trading strategies.
- Technical Analysis Tools: A comprehensive suite of analytical tools and indicators is available to assist traders in making informed decisions.
- Web-Based Trading: Users can access the platform through web browsers, ensuring that they can trade from any location without the need for software installation.
The platform supports various execution modes, including ECN and STP, allowing for direct market access and competitive pricing. Crystal Ball Markets also offers API integration for automated trading, facilitating seamless connectivity for algorithmic traders.
5. Account Types and Trading Conditions
Crystal Ball Markets provides three main account types tailored to different trading needs:
- Micro Account:
- Minimum Deposit: $50
- Spreads: Starting from 1.9 pips
- Leverage: Up to 1:1000
- Minimum Trade Size: 0.0001 lots
- Standard Account:
- Minimum Deposit: $300
- Spreads: Starting from 1.2 pips
- Leverage: Up to 1:500
- Minimum Trade Size: 0.0001 lots
- Pro ECN Account:
- Minimum Deposit: $1,000
- Spreads: Starting from 0 pips
- Leverage: Up to 1:500
- Minimum Trade Size: 0.0001 lots
- Bank Transfers
- Credit/Debit Cards
- Cryptocurrencies (including Bitcoin, Ethereum, and others)
- E-wallets such as Perfect Money
- Email: Clients can reach out via support@crystalballmarkets.com.
- Phone: A dedicated support line is available at +44 1244 94 1257.
- Live Chat: Instant messaging support is also offered on the broker's website.
- United States
- Canada
- Australia
- United Kingdom
- Iran
- North Korea
Each account type is designed to accommodate different levels of experience and trading strategies. The broker supports various trading styles, including scalping and automated trading, ensuring that clients can implement their preferred trading methods.
6. Fund Management
Crystal Ball Markets offers multiple funding methods to facilitate deposits and withdrawals. Clients can choose from the following options:
The minimum deposit requirement varies by account type, with the Micro Account starting at $50, the Standard Account at $300, and the Pro ECN Account at $1,000. Deposits made through credit cards and e-wallets are typically processed instantly, while bank transfers may take 3-10 business days.
Crystal Ball Markets does not charge fees for deposits; however, there may be withdrawal fees, particularly for bank wire transfers, which are subject to a flat fee of $50. Withdrawals are processed within 24 hours for e-wallets and cryptocurrencies, while bank transfers may take longer.
7. Customer Support and Educational Resources
Crystal Ball Markets is committed to providing robust customer support to its clients. The broker offers multiple support channels, including:
Customer support is available 24/7, ensuring that traders can receive assistance whenever needed. The broker provides support in multiple languages, including English, Spanish, French, and more.
In terms of educational resources, Crystal Ball Markets offers a range of materials, including webinars, video tutorials, and e-books. Traders can access market analysis services, including daily insights and research reports, to enhance their trading knowledge and skills.
8. Regional Coverage and Restrictions
Crystal Ball Markets serves clients from various regions worldwide, with a focus on markets in North America, Europe, and Asia. However, the broker does not accept clients from several countries, including:
This limitation is primarily due to regulatory compliance issues and local laws governing trading activities. It is essential for potential clients to verify their eligibility before opening an account with Crystal Ball Markets.
In summary, Crystal Ball Markets is a forex broker that offers a range of trading products and services. While it provides competitive trading conditions and a user-friendly platform, potential clients should carefully consider the regulatory environment and associated risks before engaging with the broker. The crystal ball markets broker aims to cater to diverse trading needs, making it a viable option for many traders looking to explore the financial markets.
Crystal Ball Markets Similar Brokers
Latest Reviews
Arm1518
Thailand
Being an excellent broker, great investment, plus free bonus giveaways. Thank you
Positive
06-18
FX3297683111
Saudi Arabia
They are growing better and better. Lets be a part of the team🌔
Positive
05-09
Zubb
Indonesia
Simple user interface, good broker for beginner, many promotion and funded account, good broker
Positive
07-07