CryptoKartal is a leading broker offering crypto, forex, and CFDs. This broker is popular with top trading robots such as Bitcoin Trader. But is it legit? InsideBitcoins has carried out in-depth research on this broker and can confirm that they are legit. Furthermore, CryptoKartal scores highly in trading conditions. Their leverage and spreads are among the best in the industry.
In this review, we will look at the key features that make CryptoKartal a good broker. This review will also look at trading robots that use this broker. Keep reading to learn more about this broker or start trading with a robot through CryptoKartal by clicking the trade button below.
What is CryptoKartal?
CryptoKartal is a broker that offers crypto, forex, CFDs, and stocks. As mentioned above, this broker is among the most popular with trading robots. The broker was founded in 2012 in St Vincent and the Grenadines and have operations across the globe. CryptoKartal is owned and operated by Elmond Enterprises LTD, a multinational with headquarters in Beachmont Kingston.
This broker has won various prizes among them the Best Customer Service Award, Forex Broker of the Year Award, and top Customer Service Award. Our tests reveal that CryptoKartal has a generally positive online sentiment. The broker is among the few that offer high-level services at stunningly low prices. This explains why those who use trading bots supported by this broker incur low costs.
You can try this broker by opening an account with Bitcoin Trader, a robot that claims to generate a daily return of $1500. The advantage of trading with robots is that they are allegedly more accurate than human beings. User have reported that a good trading robot should generate at least $1k per day from an investment as little as $500.
A good broker should have proper regulation within its jurisdiction of operation. With a regulated broker, traders have an assurance that their deposits are safe. Regulated brokers such as CryptoKartal are required to adhere to strict deposit protection guidelines. This explains why it is essential always to do a background check on a robot to determine the identity of its partner brokers.
CryptoKartal falls under the regulation of the Financial Conduct Authority (FCA), and the Estonian Financial Supervision Authority (EFS). As mentioned earlier, this broker is a product of Elmond Enterprises LTD. This company has registration in St Vincent and the Grenadines under registration number 24735.
Is CryptoKartal legit or a scam?
InsideBitcoins determines legit brokers through factors such as regulation, transparency, reputability, and customer service. We can confirm that CryptoKartal is well regulated. As mentioned above, they fall under the regulatory mandate of the FCA, which covers most countries worldwide. Furthermore, the Estonian Financial Supervision Authority monitors them. We have also determined that they are GDPR compliant.
Regarding reputability, this broker has a generally positive online sentiment. The majority of reviews we have analyzed report that this broker is trustworthy. This explains why there are a lot of big names in the robo-trading world that depend on this broker.
CryptoKartal provides some of the best trading conditions in the market. These include ultra-thin spreads and high leverage. While high leverage is not always the best option in traditional forms of trading, it is crucial in algorithmic trading. Without high leverage, it would not be possible for robots such as Bitcoin Trader to generate the high returns they make per day.
With CryptoKartal, you can trade cryptos, forex, and CFDs on stocks and precious metals. This robot provides high leverage and is, therefore, best suited for trading bots. Trading robots such as Bitcoin Trader offer the best opportunity for beginner and experienced traders. This is because it is fully automated and applies top high-frequency trading strategies.
When it comes to cryptos, this broker offers Bitcoin, Ethereum, Ripple, Bitcoin Cash, Stellar, Litecoin, and many others. Forex offerings include all the majors, minors and most exotics. Other products include CFDs on shares, commodities, ETFs, and Indices. Traders have an option to trade through manually or through a robot. However, the latter is riskier given the high leverage provided by this broker. With a trading robot such as Bitcoin Trader, all trading decisions are made automatically and with a claimed high accuracy.
CryptoKartal provides the famous MT4 and also the Active 8 platform. MT4 has many advantages, but it requires time to master. For instance, this platform provides access to over 120 markets in currencies, indices, commodities, and vanilla options. As mentioned previously, this broker is best suited for trading robots.
Additionally, the MT4 comes with a lot of features to help traders get the most out of trading. For instance, the platform provides over 50 technical indicators and charting tools. It also easily integrates with other platforms and third-party applications. For example, the Bitcoin Trader robot is linked with this trading platform to allegedly ensure smooth auto trading.
The Active 8 platform, on the other hand, is known for speed and flexibility. It also comes with a lot of features suitable for algorithmic trading. The reliance on these platforms explains why CryptoKartal is the number one choice for top trading robots.
How to Trade on CryptoKartal through Bitcoin Trader
Should I signup with CryptoKartal directly?
We do not recommend that you signup with this broker directly since their trading conditions suits high-frequency trading. This means that you are likely to make lesser profits through traditional trading methods.
As mentioned earlier, CryptoKartal provides high leverage which means that profits and losses magnify to its level. Trading robots such as Bitcoin Trader reportedly have an accuracy level of above 99 percent. If you are a beginner trader, you can sign up with Bitcoin Trader. This trading robot connects directly to CryptoKartal and is set to do all the trading functions automatically. You do not need to master the trading lingo to use this bot.
However, InsideBitcoins recommends that you educate yourself on the working of the crypto industry as you trade. This knowledge will help you master market news and know when to place trades. Click the ‘trade now’ button in the table below to start trading with this bot.