WikiFX Review: Is Qartal Fx worthy to invest in?

About QARTAL FX

Qartal Fx claims to be an Australias top online trading company, offering trading solutions for active day traders and scalpers as well as traders that are new to the market. Qartal Fx Trading consists of specialized team that have immense experience in currency trading and other commodities such as gold, oil, bonds and so on.

Accounts & Leverage

Qartal Fx offers 3 different accounts – ECN, Micro and Standard. And it offers leverage as high as 1:1000. Please take a moment and compare these leverages with the leverages that registered and regulated brokers in EU and US can have. In Europe, legitimate brokers cannot exceed a leverage higher than 1:30 and in the US, higher than 1:50.

Trading Platform

On the website, although Qartal Fx has a section on trading platforms, it only jumps to the MetaTrader5 related introduction or download page. Therefore, we cannot confirm which trading platform Qartal Fx actually offers. That being the case, youd better go for regulated MetaTrader4 brokers or MetaTrader5 brokers, and we recommend them because the two MTs are currently the leading Forex platforms and actually the best choice you can make.

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Regulatory Status of QARTAL FX

On the website, we found no regulatory information about QARTAL FX. However, QARTAL FX claims to be a top broker in Australia, but we found its contact address in St. Vincent and the Grenadines. There is already a bit of contradiction here. Also, there are no regulatory standards governing the forex industry in St. Vincent and the Grenadines.

According to WikiFX‘s investigation, QARTAL FX is not a regulated broker, it doesn’t hold a regulatory license, which means that your money is very likely to be out of your control if something goes wrong. Thus WikiFX has given this broker a low rating of 1.06/10. It should be noted whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.

Is QARTAL FX dependable to invest in？

As an unregulated brokerage firm, QARTAL FX may blow your account and take your money away without your permission. It is difficult for you to hold them accountable for your loss of money. The lack of significant information makes this broker more questionable.

Conclusion

All in all, when you look for a broker to conduct your trading activities with, the thing you need to do is to identify the brokers certification. Unfortunately, QARTAL FX is a broker that lacks such information. WikiFX does not advise traders to invest in QARTAL FX. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.