Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Kryptocarts, a trading name of KryptoCarts Trading Services LLC, is allegedly a forex broker established in 2018 and registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and floating spreads from 0 pips on the web-based trading platform via two different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Kryptocarts currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk.
Market Instruments
Kryptocarts advertises that it offers access to 80+ trading markets, including Cryptocurrencies, Stock Indices, Commodities and Forex.
Account Types
Kryptocarts claims to offer two types of trading accounts, namely Margin and Copy-trading. There is no minimum deposit on the Margin account and 0.01 BTC on the Copy-trading account.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Margin account can enjoy the maximum leverage of 1:1000, and the Copy-trading account can experience leverage of 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Kryptocarts claims that the spread starts from 0 pips and the commission is from 0.001%.
Trading Platform Available
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Kryptocarts gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
There seems to be no minimum initial deposit requirement at Kryptocarts. However, the broker says nothing about the deposit and withdrawal methods. But we guess it may only support crypto payments.
Customer Support
Kryptocarts‘ customer support can be reached by email: SUPPORT@KRYPTOCARTS.COM or live chat. You can also follow this broker on social networks such as Twitter, Telegram, Facebook and YouTube. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
