What is CKRTY?
CKRTY is a platform offering CFD (Contract for Difference) trading on various financial instruments like currencies, commodities, and indices. They advertise themselves as a global brokerage with a focus on client needs and superior trading experience. With leverage options of up to 1:100 and competitive spreads starting from 0.0 pips, CKRTY aims to provide an attractive trading environment for both novice and experienced traders alike.
Pros & Cons
Pros:
Diverse Market Instruments: CKRTY offers a wide range of financial instruments including Forex, Commodities, and Indices, providing traders with diverse opportunities for investment.
Competitive Spreads and Leverage: The platform boasts competitive spreads starting from 0.0 pips and offers leverage of up to 1:100, allowing traders to potentially maximize their returns.
Demo Account: CKRTY provides a demo account feature, enabling users to practice trading strategies in a risk-free environment before committing to real funds.
MetaTrader 4 Platform: By utilizing the MetaTrader 4 platform, CKRTY ensures reliability, stability, and access to a wide range of trading tools and resources.
Cons:
Uncertain Customer Support: While CKRTY claims to offer 24/7 live support, there is no information about the details of contact methods.
Is CKRTY Legit or a Scam?
CKRTY is regulated by the NFA with current status being general registration and the license number is 16488165.
Market Instruments
CKRTY offers a diverse range of market instruments, aiming to provide traders with opportunities to capitalize on various market conditions and investment strategies, from currency speculation to commodity trading and index investing.
Forex: Traders can engage in currency trading, taking advantage of fluctuations in exchange rates between different currency pairs, such as EUR/USD, GBP/USD, USD/JPY, and more.
Commodities: CKRTY provides access to commodity trading, allowing traders to speculate on the price movements of commodities such as gold, silver, oil, natural gas, and agricultural products.
Indices: The platform offers trading opportunities in indices, enabling traders to invest in the performance of a basket of stocks representing a particular market or sector, such as the S&P 500, NASDAQ, Dow Jones Industrial Average, and FTSE 100.
Account Types
CKRTY offers two distinct account types tailored to meet the diverse needs of traders: the Standard Account and the ECN Account. Both require a minimum deposit of $200.
Standard Account: Advertised as commission-free with ultra-fast execution and low spreads, this account is attractive to new traders.
ECN Account: Promoted as having institutional-grade liquidity and spreads as low as 0 pip with a $6 commission per round trip trade, the ECN account is beneficial for experienced traders.
Leverage
Leverage plays a significant role in the trading world, allowing traders to control larger positions in the market with a smaller amount of capital.
In both account types, CKRTY offers leverage of up to 1:500, enabling traders to amplify their trading positions significantly. This means that for every $1 of the trader's capital, they can control up to $500 worth of assets in the market. While leverage can magnify profits, it also increases the potential risk of losses, as losses are also amplified in proportion to the leverage used.
Spreads & Commissions
Spreads and commissions are crucial aspects of trading that directly impact a trader's profitability and cost of trading. CKRTY offers competitive spreads and commission structures across its Standard Account and ECN Account options.
In the Standard Account, traders benefit from commission-free trading. This means that CKRTY does not charge any commissions on trades executed through this account type. Instead, traders pay only the spread, which is the difference between the bid and ask price of a financial instrument. The minimum spread in the Standard Account starts from 1.0 pips, providing traders with transparent pricing and cost-effective trading.
On the other hand, the ECN Account offers traders access to even tighter spreads, starting from 0.0 pips. While the spreads are lower in the ECN Account, CKRTY charges a commission of $6 per round trade. This commission-based structure ensures that traders receive the best available pricing in the market, with CKRTY passing on the raw spreads directly from liquidity providers.
Trading Platform
CKRTY uses MetaTrader 4 (MT4) as the trading platform, which is a highly customizable and widely-used trading platform in retail trading. It offers both desktop and mobile versions, providing traders with access to over 250 trading instruments, ultra-fast executions, support for Expert Advisors (EA), built-in indicators for market analysis, and easy-to-customize charts. With its user-friendly interface and extensive features, MT4 empowers traders to tailor their trading strategies and make informed decisions while navigating the financial markets with efficiency and precision.
Deposits & Withdrawals
CKRTY facilitates seamless deposits and withdrawals, ensuring a hassle-free experience for traders. With a variety of payment methods available, traders can conveniently fund their accounts and withdraw profits with ease.
CKRTY accepts major credit/debit cards such as Mastercard and Visa, providing a convenient and secure way for traders to fund their accounts instantly. Additionally, the platform supports popular online payment systems like Neteller and Skrill, offering traders flexibility in choosing their preferred deposit method. For those preferring traditional banking methods, CKRTY also accepts bank transfers, providing a reliable option for depositing funds into trading accounts.
Conclusion
CKRTY presents itself as a platform for trading Contracts for Difference (CFDs) on various financial instruments like currencies, commodities, and stock indexes. They claim to be a global brokerage focused on client needs and superior trading experience.
Frequently Asked Questions (FAQs)
Q: What is the minimum deposit required to open an account on CKRTY?
A: The minimum deposit required to open an account on CKRTY is $200.
Q: Does CKRTY offer a demo account?
A: Yes.
Q: What trading platform does CKRTY use?
A: CKRTY operates on the MetaTrader 4 platform.
