CryptoAltum is a CFD broker that was founded in 2020 to provide dedicated 24/7 cryptocurrency trading in over 60 crypto pairs, such as Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecin. Monero, Ripple, and many others via the sophisticated MetaTrader 5 trading platform. The broker operates the Straight-Through Processing (STP) execution model with no dealing desk intervention. The broker has competitive online trading conditions on the MetaTrader 5 platform, including spreads from $3 on Bitcoin, leverage of up to 1:500 with volume restrictions in place, and deposits/withdrawals in 6 cryptocurrencies.
CryptoAltum Review Introduction
In this CryptoAltum review, we will take a look at some of the most important factors worth considering when choosing a trading broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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CryptoAltum Platforms & Tools
CryptoAltum provides clients with the sophisticated and powerful MetaTrader 5 (MT5) trading platform, which was developed by the Russian software company, MetaQuotes. This broker’s MT5 platform is specifically programmed for trading cryptocurrencies. The Mt5 is widely known for its user-friendly interface and abundance of built-in trading tools. The platform features rapid order execution speeds, built-in economic calendar, automated trading supported through the use of Expert Advisors (EAs), and the MQL5 programming interface to create customized trading tools, amongst other features. MT5 is available as a desktop platform (Windows and Mac Computers), mobile trading apps that are designed for Android and iOS devices, and a web trading terminal that runs directly on most modern web browsers like Google Chrome, Edge, Safari, and Firefox.
CryptoAltum also has a few additional trading tools on their website to assist traders with their daily trading activities, and they include real-time leverage and margin calculators.
CryptoAltum Research & Education
There is a trading glossary that includes some of the more popular trading terminologies and an explanation for each. Apart from the glossary, the broker’s website has no other educational materials at the moment.
CryptoAltum Trading Accounts
CryptoAltum has one dynamic account type that allows clients to trade all instruments on the MetaTrader 5 platform with competitive spreads and no commission fees. Clients can have up to two BItcoin (BTC) and two Ripple (XRP) accounts, and then one account in each of the other available Crypto base currencies. There are no inactivity fees, but swap fees are charged for holding a position for a certain period.
Demo accounts are also available for traders who wish to test out the broker’s platforms and practice risk-free trading with virtual funds, before opening a real live trading account.
CryptoAltum Account Funding
CryptoAltum accepts deposits and withdrawals in cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and Tether. You can securely fund your account using your crypto wallet and make fast withdrawals or deposits 24/7. The broker does not charge any deposit or withdrawal fees, and the minimum deposit requirement is just $1.
CryptoAltum Customer Service
The broker offers a professional customer support team that is happy to answer any technical, general, or account-related questions that traders may have. They can be reached via email and live chat. They are also available 24/7 via WhatsApp, Messenger, Telegram, and Line.
CryptoAltum is registered in the Marshall Islands. However, they are not regulated by any government agency. Generally, cryptocurrencies are not yet fully regulated in most jurisdictions.
CryptoAltum Review Summary
Overall, CryptoAltum is an online trading broker that provides an online trading service that is geared towards traders who prefer to trade cryptocurrency. They support a large selection of cryptos for trading online via the MetaTrader 5 platform and provide clients with some useful trading tools.
It is worth mentioning that some of the trading products and services in this CryptoAltum review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the CryptoAltum website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.