Do you want to trade with Chart Consultings FX? Is chartconsultings.com another scam broker? See complete Chart Consultings review to know about this platform whether to trade here.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Chart Consultings FX?
Chart Consultings located at Chartconsultings.com is an offshore brokerage company owned and operated by MARKETGUILD LTD with a lot of promises for forex traders. The company is based in Marshall Islands.
In addition, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. More so, it presents a zero spread difference in Buy/Sell.
See section below—
Deposit and Withdrawal
Chart Consultings Minimum Deposit:
There is no information on Chart Consultings deposit. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
The broker lacks clear and detailed information on available payment methods and fees. The deposit menu is not available if the account is not approved.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Chart Consultings withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Chart Consultings Platform:
Chart Consultings claims to offer an unnamed trading platform available in Windows, Android and web versions. The link for the web version on the website’s dashboard is blank, and the installation files for the other versions of the software lack adequate certification.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
As for Chart Consultings leverage, nothing is said. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Things You Should Know about Chartconsultings.com Regulation
First of, Chart Consultings is the Marshall Islands-based company Marketguild Ltd. The Marshall Islands are an offshore zone where there is not even a financial regulator. Moreover, local laws allow companies to incorporate entirely through the Internet. This makes this offshore zone a very convenient base for financial fraudsters.
The Chart Consultings has been blacklisted by the local Financial Market Authority (FMA). See yourself —
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
If you intend to invest in financial instruments, you should beware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences.
Chart Consultings Regulation and Licensing
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Chart Consultings FX located at Chartconsultings.com disguising to be a trustworthy trading company, however, that cannot be ascertained. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Did you find this post helpful? Please share with us your experience in the comment section below.