- Types of accounts
- Reviews (0)
CryptoAltum is a legally registered Forex broker located in the Marshall Islands, but not regulated by any government agency. CryptoAltum broker accepts clients from all over the world, with the exception of the USA and other countries where restrictions apply.
CryptoAltum – regulated broker?
CryptoAltum is a relatively new CFD broker founded in 2020 and based in an offshore jurisdiction known as the Marshall Islands. As is often the case with offshore brokers, CryptoAltum is not regulated and therefore can offer high leverage and a simple registration process.
What types of accounts does CryptoAltum offer?
Trading accounts in CryptoAltum can be opened in various cryptocurrencies. At the time of writing this review, the available base currencies were Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Litecoin (LTC) and stablecoin pegged to the US dollar Tether (USDT).
CryptoAltum pays great attention to trading CFDs on cryptocurrencies with a high leverage of up to 1:500. The selection includes more than 60 different cryptocurrencies traded against fiat currencies such as the US dollar, Japanese yen and euro, as well as against other cryptocurrencies.
However, CryptoAltum also offers many other assets for those who prefer less volatile traditional financial markets. This includes more than 10 currency pairs, major stock indexes and gold.
As well as on the basesTrading in all CFDs on cryptocurrencies is available around the clock and seven days a week, while trading in currencies, commodities and stock indices is carried out 24 hours a day from Monday to Friday.
Spreads and commissions
All assets are offered with floating spreads, which are usually quite narrow, although sometimes they can expand to a higher level. The broker's own margins are included in the spreads, which means that no transaction fees are charged at the moment.
Another feature of CryptoAltum is that all trading is carried out on the popular MT5 platform, which is available both in the classic desktop interface for Windows computers and in the web version, as well as in the form of mobile applications for Android and Apple devices.
What is the minimum deposit in CryptoAltum?
The minimum deposit in CryptoAltum is $1 or 0.0001 BTC. Unlike most other Forex brokers, CryptoAltum is a broker that works exclusively with cryptocurrencies and does not accept deposits in traditional fiat currencies. However, you can top up your deposit using a debit/credit card through the Instacoins service.
CryptoAltum is trying to position itself as one of the leading brokers in the field of cryptocurrency contracts for difference. However, the broker is still relatively new, and therefore has not yet had time to prove itself in front of a large number of traders. However, we believe that over time CryptoAltum may become one of the leading players in CFD trading on cryptocurrency and Forex.
Before choosing a broker, we recommend that you read the reviews of CryptoAltum, as well as see our rating of Forex brokers.
|General Information CryptoAltum|
|Year of foundation||2020|
|BTCUSD Spread||1.75 pips|
|Base currencies||BTC, BCH, ETH, LTC, XRP, USDT|
|Assets||Currency pairs, indices, metals, cryptocurrencies|
|Deposit replenishment||BTC, BCH, ETH, LTC, XRP, USDT|
|Payment for inaction||—|
- The year of Foundation 2020
- Head office address Trust Company Complex, Ajeltake Road Majuro, Ajeltake Island Republic of the Marshall Island, MH96960
- Maximum leverage 1:500
- Min. Deposit $1
- Trading platform
- Payment system to enter BitCoin
- Payment system for withdrawal BitCoin
- Number of trading instruments 18
- The number of CFD instruments 60
- The number of metals 1