CryptoKartal Review: Scam or Legit Broker? Byjoe mauricePRO INVESTOR Updated: 16 June 2020 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. Robot Rating Properties Trade 1 Free to use 82% claimed win-rate $250 Min Deposit Accepts Debit and Credit Card Trade Now All trading carries risk 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. CryptoKartal Regulation 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. Markets/Instruments 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. Trading Platforms 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 If you are looking for a good broker, you can try CryptoKartal. However, do not open an account through the traditional way but do it Bitcoin Trader. Bitcoin Trader is 100% automatic and claims to have an accuracy level of about 99%. This makes it less risky when trading with high leverage. As mentioned earlier, Bitcoin Trader connects with the Cryptokartal trading platforms. What this means is that you will enjoy the benefits without having to master how the platforms work. With the high leverage offered by CryptoKartal, Bitcoin Trader reports to be able to generate an average profit of $1500 per day. The minimum investment with this robot is $250. Here is a step by step guide to registering with Bitcoin Trader. Step 1: Registration The first step involves filling in personal details in a form provided on their website. We can confirm that the process is simple and takes less than a minute. The details to fill in the way include your name, email address, and phone number. You will be asked to verify your phone number and email. This ensures that people do not register using fake details. When you signup with Bitcoin Trader, this data is passed to CryptoKartal. InsideBitcoins can confirm that this broker has proper data protection measures in place. Step 2: Deposit After registration, you go to the deposit page. Please note that any money you deposit with Bitcoin Trader goes to CryptoKartal. This broker has high regulation and therefore you have an assurance that your deposit is safe. Regulated brokers are required by law to adhere to strict regulatory requirements. CryptoKartal through Bitcoin Trader accepts multiple deposit and withdrawal methods. InsideBitcoins investigation reveals that CryptoKartal offers seamless transactions. All transactions facilitate within 24 hours. Step 3: Demo After making the deposit, you go to a demo trading platform. CryptoKartal provides this platform via Bitcoin Trader. The purpose of the platform is to prepare you for the live trading platform. Remember that Bitcoin Trader is fully automatic. You do not need any specialized skills to trade with this robot. Step 4: Live Trading With CryptoKartal via Bitcoin Trader, users claim you can make an average profit of $1500 per day. This broker requires a minimum deposit of $250. The Bitcoin Trader robot is fully automatic. All you need to do with this robot is to open and close trading sessions. Bitcoin Trader comes with setup guides to help you navigate through the platform. Read our comprehensive Bitcoin Trader review. 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. Robot Rating Properties Trade 1 Free to use 82% claimed win-rate $250 Min Deposit Accepts Debit and Credit Card Trade Now All trading carries risk Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets. FAQ Is CryptoKartal legit? CryptoKartal is a legit broker that suits trading robots. You can also open an account through Bitcoin Trader to start trading with this broker. How much do I need to trade with CryptoKartal? The minimum deposit with this broker is $250. We recommend that you start with this amount and only add capital when conversant with the trading platform. How much can I make with CryptoKartal? With CryptoKartal through Bitcoin Trader, users claim you will make an average daily profit of $1500.