CARLTON Review - Is It a Reliable Forex Broker? - WikiFX

WikiFX | 2025-05-09 10:47

Abstract：Registered in Saint Lucia while physically operating in Dubai, UAE, CARLTON is an unregulated broker offering trading in forex, stocks, cryptocurrencies, etc.

CARLTON Review Summary
Founded	2022
Registered Country/Region	Saint Lucia
Regulation	No regulation
Market Instruments	CFDs on forex, stocks, commodities, indices, cryptocurrencies, ETFs, etc.
Demo Account	✅
Leverage	Up to 1:500
Spread	40-50 points for forex (Standard account)
Trading Platform	MT5
Minimum Deposit	$10
Customer Support	Contact form, WhatsApp
	Tel: +971 4 832 2845
	Email: support@carltonfx.com
	Facebook, Twitter, Instagram, LinkedIn
	Registered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
	Physical Address: #1404, 14th Floor, Zone A, Aspect Tower, Executive Tower-D, Business Bay, Dubai, UAE
Restricted Areas	United States of America, Canada, Israel and the Islamic Republic of Iran

CARLTON Information

Registered in Saint Lucia while physically operating in Dubai, UAE, CARLTON is a brokerage company who offers more than 1,200 trading instruments to both retail and institutional traders. Their business mainly fall into categories like CFDs on forex, stocks, commodities, indices, cryptocurrencies, ETFs, etc.

It provides a demo account for practicing before actual trading and 5 tiered accounts, with a minimum deposit of $10 only, which is affordable to most traders. Trades are excuted on the most popular and advance MetaTrader 5 platform.

However, one of the facts that cannot be neglected is that the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.

Pros and Cons

Pros	Cons
Demo accounts available	No regulation
MT5 platform
Tiered accounts
Low minimum deposit

Is CARLTON Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. CARLTON is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose CARLTON with caution.

What Can I Trade on CARLTON?

CARLTON offers 1,200+ trading instruments 24 hours a day, 7 days a week. These mainly include:

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Stocks	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
ETFs	✔
Bonds	❌
Options	❌

Account Type & Fees

Except for a demo account with virtual money to practice before commiting real money, CARLTON offers a 5 tiered live accounts for clients to choose from.

Minimum deposit is only $10, affordable to most traders, even beginners.

While for spreads, the higher level the account is, the wider the spread will be for metals and forex.

No trading commissions will be charged except for the Zero account with the tightest spread. The commission will be 25 dollars per trade.

Account Type	Minimum Deposit	Spread (Forex)	Spread (Metals)	Commission
Zero	$10	Under 10 points	0 points	25 dollars
Pro		30-40 points	40 points	❌
Premium		25-35 points	35 points	❌
Standard		40-50 points	50 points	❌
Cent		25-50 points	35 points	❌

Leverage

Leverage will be up to 1:500 for all account types for this broker, which means your profits can be maximized to 500 times of your initial deposit. However, be cautious with leverage since it amplifies your losses at the same time.