ALTMarkets is a European cryptocurrency exchange with headquarters in Tallinn, Estonia. The company was founded in 2016 by a team of experienced blockchain professionals and developers. The exchange offers trading in a wide range of digital assets including Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, and more. ALTMarkets also provides a wallet service and an ICO platform. In this review, we will take a look at the regulations, platforms, pros, cons, and traders ratings for ALTMarkets.
What is ALTMarkets.com?
ALTMarkets.com is an online broker that offers forex and CFD trading on a variety of assets. The company is based in the Seychelles and is regulated by the Financial Services Authority (FSA).
ALTMarkets.com offers two account types: a standard account and a VIP account. The standard account requires a minimum deposit of $250 and offers a leverage of up to 1:400. The VIP account requires a minimum deposit of $50,000 and offers a leverage of up to 1:200.
The broker provides access to the MetaTrader 4 platform as well as its own web-based platform, ALTMarkets WebTrader. Both platforms offer a variety of features, including real-time quotes, charting tools, market news, and economic calendars.
ALTMarkets also offers mobile trading apps for iOS and Android devices.
The company charges commissions on trades placed through its web-based platform but does not charge commissions on trades placed through its MetaTrader 4 platform. It also charges overnight financing fees on positions that are held overnight.
The ALTMarkets.com website is very clear about their regulatory status. They are registered with the Financial Conduct Authority (FCA) in the United Kingdom and are a member of the London Stock Exchange (LSE). They are also registered with the National Futures Association (NFA) in the United States.
This broker is very open about their regulation and this is reassuring for potential clients. It is always good to see a broker that is willing to be upfront about their regulatory status.
There are many online trading platforms available today. Some of the most popular include MetaTrader 4, cTrader, and NinjaTrader. Each platform has its own unique features and benefits.
MetaTrader 4 is the most popular online trading platform. It is user-friendly and offers a wide range of features and tools for traders. cTrader is another popular platform that is known for its user-friendly interface and rich functionality. NinjaTrader is a powerful trading platform that offers advanced features and tools for experienced traders.
ALTMarkets.com offers all three of these platforms to its clients. All three platforms are available for desktop, web, and mobile devices.
Pros and Cons
When it comes to online trading, one of the most important considerations is the regulatory environment. In this regard, ALTMarkets.com is a bit of a mixed bag. The company is registered in St. Vincent and the Grenadines, which is not known for its strict financial regulations. However, the company does have an offshore banking license from the Eastern Caribbean Central Bank.
This means that ALTMarkets.com is subject to some degree of regulation, but not as much as companies that are based in major financial centers like New York or London. This can be seen as a positive or a negative depending on your perspective. On the one hand, it can be seen as a benefit because it allows the company to offer lower fees and spreads than its competitors. On the other hand, it could be seen as a negative because it may make some traders feel less comfortable entrusting their money to a company that is not as heavily regulated.
In terms of platforms, ALTMarkets.com offers both MetaTrader 4 and 5, as well as its own proprietary platform. The proprietary platform is web-based and designed for simplicity and ease of use. It includes all of the basic features that most traders need, but lacks some of the more advanced tools found on MetaTrader 4 and 5. Overall, the platform offerings are decent, but nothing outstanding.
When it comes to pros and cons, ALTMarkets.com has more positives
When it comes to online trading platforms, there are a lot of things to take into account. Regulations, platforms, pros and cons – not to mention the traders ratings. It can all be a bit overwhelming, especially when you’re just starting out.
That’s why we’ve put together this review of ALTMarkets.com. We’ll take a look at all the important aspects of the platform so that you can decide if it’s right for you.
ALTMarkets is a regulated broker with a wide range of tradable assets. The platform itself is user-friendly and offers a variety of features and tools. And, most importantly, traders seem to be happy with the service – giving it an overall rating of 4 stars out of 5.
So, if you’re considering signing up with ALTMarkets, read on for everything you need to know.
All in all, ALTMarkets.com is a good choice for those who are looking for an online broker that is regulated by a reputable authority and offers a wide range of assets to trade. The company has been around for quite some time and has built up a solid reputation among its clients. The only downside is that the spreads on some of the major currency pairs are a bit higher than what you would find with other brokers.