Overview of Carlton
Carlton, a company established in 2023 and based in Mauritius, operates in the financial sector but is unregulated.
It offers a range of products and services including trading in stocks, indices, commodities, forex, CFDs, and metals. The company provides various account types to meet different trader needs, including Zero, Pro, and Premium accounts, and offers a demo account for potential customers to try out their services.
Payment options are diverse, encompassing credit cards, bank transfers, and digital wallets. Carlton ensures customer support is accessible via phone at +971 4 832 2845 and email at support@carltonfx.com.
Regulatory Status
Carlton currently operates without regulatory oversight. Despite offering a broad array of financial products and services, its unregulated status highlights the potential risks of the safety and protection of investor assets, typically provided by regulatory bodies.
Pros and Cons
Pros:
Diverse Trading Options: Carlton offers a broad spectrum of over 40,000 instruments across various asset classes, including CFDs on FX, commodities, cryptocurrencies, shares, ETFs, and more, meeting a wide range of trading preferences.
Competitive Pricing: The company provides ultra-competitive spreads and commissions, with the promise of even better rates as the client's trading volume increases.
No Hidden Fees: Transparency in pricing is ensured with no hidden fees, which can be particularly appealing for traders concerned about unexpected costs.
Variety of Payment Options: Carlton supports a wide array of payment methods, including credit cards, bank transfers, and digital wallets, ensuring flexibility and convenience for deposits and withdrawals.
Support and Accessibility: Offering 24/7 support alongside a user-friendly platform that includes a risk-free demo account, Carlton aims to attract both novice and experienced traders.
Cons:
Unregulated Status: The most significant concern is Carlton's lack of regulation, which can pose a considerable risk to traders due to the absence of oversight and protection.
Risk of High Leverage: While the company warns of the risks, the availability of high leverage can lead to substantial losses, especially for inexperienced traders who may not fully understand the implications.
Limited Geographic Availability: Certain restrictions on services in countries like the USA, Canada, Israel, and Iran limit the company's global reach and accessibility.
Complexity of Products: The wide range of complex financial products offered, such as CFDs and other derivatives, may not be suitable for all investors, especially those new to trading or with limited risk tolerance.
Risk of Loss: The company clearly states the high level of risk associated with trading CFDs and the potential for investors to lose all their invested capital, highlighting the inherent risks involved in trading with Carlton.
Products & Services
Carlton offers a diverse range of market instruments across various asset classes, enabling clients to trade, hedge, and invest in numerous financial markets. Here are the key market instruments available:
Forex (Foreign Exchange): Carlton provides the opportunity to trade in 70 major, minor, and exotic currency pairs, offering clients a chance to engage in the world's largest financial market.
Metals: Traders can diversify their investment portfolios by trading in precious metals. This typically includes popular options like gold and silver, which are often sought after as safe-haven assets.
Crypto (Cryptocurrencies): The platform enables trading in the dynamic and growing market of cryptocurrencies, offering a new asset class that has gained significant attention over the past decade.
Indices: Investors can trade in global market indices, which represent the performance of a specific section of the stock market and are often used as benchmarks to gauge the health of particular sectors or the overall market.
Shares: Carlton offers trading in a variety of stocks from around the world, allowing clients to invest in individual companies and potentially benefit from their growth and profitability.
Energy: The platform provides opportunities to participate in the energy market, which could include trading in commodities like oil and natural gas.
Account Types
Carlton offers three distinct account types tailored to suit different trading needs and preferences:
Zero Account: This account is ideal for traders looking to start with no minimum deposit requirement. It offers very high leverage options and competitive spreads, primarily focusing on Forex and gold trading. The commission rates are kept low, ensuring cost-effective trading conditions.
Pro Account: Designed for more experienced traders, this account features moderately high leverage and very narrow spreads. It is a swap-free account, appealing to traders looking for Islamic trading conditions. The Pro account is structured to avoid commissions, enhancing the trading experience by minimizing trading costs.
Premium Account: This account attracts retail traders seeking straightforward trading conditions with no commissions and no required minimum deposit. It offers moderate leverage and wider spreads compared to the Pro Account and provides a comprehensive range of trading instruments. This account is also swap-free, suitable for traders who wish to avoid swaps for any reason including religious beliefs.
How to Open an Account？
To open an account with Carlton, you can follow these simplified steps that revolve around setting up and funding your account:
Account Registration and Selection of Transfer Option: Begin by signing up on the Carlton platform and completing the necessary KYC (Know Your Customer) procedures. Once your account is set up, decide on your preferred method for transferring funds. You can choose to make the transfer via an ATM, a bank branch, or through your mobile and online banking platforms.
Execute the Transfer: After choosing your transfer method, proceed to transfer the initial deposit amount to your new Carlton account. You'll need to access your personal area on the Carlton platform to obtain the specific payment details required for the transfer, ensuring the funds are correctly credited to your account.
Notification of Transfer Completion: Once you have completed the transfer, it's crucial to retain any receipts or proof of the transaction. Notify Carlton of the transfer, providing them with the necessary documentation or evidence to confirm the deposit. This step is essential to ensure that your funds are accurately reflected in your trading account and to expedite the process of starting your trading activities.
Spreads & Commissions
Carlton offers differentiated spreads and commission structures across its three main account types:
Zero Account: This account features spreads starting from 0 on Forex and Gold. It operates with low commission rates.
Pro Account: Spreads in the Pro account start from 0.5, offering more competitive pricing in comparison to typical standard accounts. This account operates with no commission, making it attractive for traders who frequently execute trades and are sensitive to cost efficiency.
Premium Account: The Premium account has spreads starting from 1.2, and like the Pro account, it does not charge any commission, which simplifies trading costs for active traders.
Leverage & Minimum deposit
The Carlton Zero Account offers traders an exceptionally high leverage of up to 1:2000 and stands out for requiring no minimum deposit, allowing traders to start with any amount they choose. In contrast, the Pro Account offers a leverage of up to 1:500 and requires a minimum deposit of $100, attracting traders who prefer a balance between high leverage and a modest entry point.
Lastly, the Premium Account also provides a leverage of up to 1:500, mirroring the Pro Account, but like the Zero Account, it does not require a minimum deposit, offering flexibility and accessibility to traders across various levels.
Customer Support
Carlton Financial Limited offers comprehensive customer support, available 24/5, to address any queries or concerns you will have. For immediate assistance, you can reach their support team by calling +971 4 832 2845 or by emailing support@carltonfx.com.
If you prefer to contact them via mail or in person, their registered address is Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and their physical address for more direct inquiries is #1404, 14th Floor, Zone A, Aspect Tower, Executive Tower-D, Business Bay, Dubai, UAE.
This multi-channel support approach ensures that Carlton's clients receive the help they need in a manner that's most convenient for them.
Conclusion
Carlton Financial Limited, a trading platform offering a diverse range of financial instruments, is committed to providing its clients with competitive trading conditions and accessible support.
With accounts tailored to various trader needs, Carlton ensures flexibility in trading options, payment methods, and customer support, making it a noteworthy choice for traders seeking a comprehensive trading platform.
FAQs
Question 1: What types of trading accounts does Carlton offer？
Answer: Carlton offers three main types of accounts: Zero, Pro, and Premium, each designed to meet different trading styles and preferences.
Question 2: Is there a minimum deposit required to open an account with Carlton？
Answer: The Zero and Premium accounts do not require a minimum deposit, whereas the Pro account requires a minimum deposit of $100.
Question 3: What is the maximum leverage available on Carlton's trading accounts？
Answer: The maximum leverage is 1:2000 for the Zero account and 1:500 for both the Pro and Premium accounts.
Question 4: Can I trade cryptocurrencies on Carlton？
Answer: Yes, Carlton offers trading in cryptocurrencies along with other instruments like forex, metals, energies, stocks, and indices.
Question 5: How can I contact Carlton's customer support if I have an issue？
Answer: Carlton provides 24/5 customer support which can be reached by calling +971 4 832 2845 or emailing support@carltonfx.com.
Question 6: Are there any hidden fees I should be aware of when trading with Carlton？
Answer: Carlton claims to have no hidden fees, offering transparency in its trading conditions, though it's always advised for traders to review all terms and conditions.
2024-08-06 18:58
2024-06-28 17:09
