WELCOME TO THE BEST BROKER COMPANY
Our proprietary price discovery and risk management technologies offer individual traders liquidity, consistency, and execution stability in the fast-growing category of Forex.
Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is Castle Market？
Castle Market is a broker with a low minimum deposit required and MT5-supported. It lacks information on key trading features such as the margin rates and commissions.
Pros & Cons
Pros
MT5 Supported: Castle Market supports MetaTrader 5 (MT5), which is one of the most advanced and widely used trading platforms available.
Low Account Minimum: With an account opening minimum of just $20, Castle Market makes trading accessible to a broader audience, including beginners and those with limited capital.
Cons
No Cryptos and Mutual Funds Trading: Castle Market does not offer trading in cryptocurrencies or mutual funds.
Lack Info on Key Features (Margin Rates, Commission & Fees): A lack of detailed information on important trading conditions such as margin requirements, commission structures, and other fees can make it challenging for traders to understand the costs and rules associated fully.
No Regulations: The absence of regulatory oversight is a significant drawback. Trading with an unregulated broker can expose traders to numerous risks including lack of protection in financial and operational practices, potential for manipulation, and fewer mechanisms for dispute resolution.
Is Castle Market Safe？
Regulation
Castle Market is currently a non-regulated broker. The absence of regulatory oversight will raise concerns about the security and reliability of the broker, as regulations can provide a level of protection and standards for financial service providers.
Funds Safety
Castle Market does not provide extra insurance for its users. In this case, the risks users encounter in investing will not be covered.
Safety Measures
So far we haven't found any information about the security measures for this broker.
What Securities Can You Trade with Castle Market？
Castle Market offers a certain range of securities. These include:
Forex: The Forex market is the largest and most liquid financial market in the world, where currencies are traded against each other.
CFDs on Stocks: Stock CFDs allow traders to speculate on the price movement of individual stocks without the need to own the underlying shares.
CFDs on Bonds: Bond CFDs provide an opportunity to trade on the price movements of different government or corporate bonds.
CFDs on Commodities: Commodities trading involves raw or primary products like gold, silver, oil, and agricultural products.
CFDs on Currencies: Similar to Forex, but structured as CFDs, this allows traders to speculate on currency movements without taking physical delivery of the currencies.
Options: Options provide the right, but not the obligation, to buy (call option) or sell (put option) a particular asset at a predetermined price within a specific time frame.
Futures: Futures contracts are standardized agreements to buy or sell a particular commodity or financial instrument at a pre-agreed price on a specific date in the future.
Castle Market Accounts Review
Castle Market provides 3 different account types for users. These are Ultra Low, Standard, and VIP. The minimum deposit required is 20$, which makes it accessible to users with smaller capital, too. The spread for all account types starts from 0.1 pips and the stop out level is 0. The maximum leverage provided by Castle Market is up to 1:3000.
Customer Service
Castle Market provides users with 24/7 customer service:
Telephone Support: It provides support via phone line at +84 2835352630, so clients can contact Castle Market directly via phone for immediate assistance.
Email Support: Its email address isadmin@castle-market.comwhich allows clients to send detailed queries or documents. It is suitable for non-urgent issues or when a record of the communication is needed.
Company Address: Its physical office is located at Park 7, Vinhomes Central Park, 720 Dien Bien Phu, Ward 22, Binh Thanh District, Ho Chi Minh City, Vietnam. This address can be used for official correspondence or for in-person inquiries.
Conclusion
As a broker, Castle Market supports MT5 and charges low account minimum. However, it holds no regulations and lacks informational transparency.
FAQs
What is the minimum deposit requirement for Castle Market？
The minimum deposit required is $20.
What platform does Castle Market support for trading？
Castle Market supports trading on MT5.
Is Castle Market regulated or not？
No, it is not regulated.
Is my money safe with Castle Market？
Not at all. Castle Market is non-regulated and it does not apply extra security protocols.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
Thailand
Vietnam
