CryptoAltum Review

CryptoAltum Logo

CryptoAltum is a crypto broker that was founded in 2020 to provide dedicated cryptocurrency trading with over 60+ crypto pairs to choose from, including Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, Monero, Ripple, and many others. You can trade cryptos 24/7 via the powerful yet user-friendly MetaTrader 5 trading platforms for desktop, web and mobile devices. CryptoAltum offers some of the highest leverage and the lowest spreads for crypto trading found anywhere. Clients can instantly open an account without needing to go through KYC and can start trading cryptos with a minimum deposit that depends on the currency deposited, generally around the equivalent of $100.

CryptoAltum operates the Straight-Through Processing (STP) execution model with no dealing desk intervention. A straight through processing (STP) broker is a type of online broker. It is connected to one or multiple liquidity providers and forwards the trades of its clients to the liquidity provider that currently offers the best price.

CryptoAltum receive liquidity from over 10 top global exchanges, and through the aggregation engine, they then offer clients the best available price at any given moment. What this means, is that you can get your trades executed quickly at the best available prices, without any conflict of interest between your and the broker.

CryptoAltum has very competitive trading conditions on the MetaTrader 5 platform, including spreads from $3 on BTCUSD, reliable execution speeds, a great choice of cryptos, leverage of up to 1:500, quick and secure deposits/withdrawals in cryptocurrencies (e.g. BTC, USDT, ETH, LTC, BCH, XRP, ADA). They welcome traders from all backgrounds, with no restrictions placed on trading strategies. Thus, traders can use scalping strategies, news trading systems and trading robots.

CryptoAltum Broker Features
CryptoAltum Broker Features

CryptoAltum Platforms

CryptoAltum provides clients with the sophisticated and powerful MetaTrader 5 (MT5) trading platform which they have optimised specifically for trading cryptocurrencies. MT5 was developed by the Russian software company, MetaQuotes who began its business back in 2000 as a software applications developer for financial markets. Over time, they have established themselves as one of the leading developers of IT solutions for brokers, financial markets and banks, whilst they maintain multiple offices all over the world.

CryptoAltum MetaTrader 5 (MT5) Trading Platforms
CryptoAltum MetaTrader 5 (MT5) Trading Platforms

MetaTrader 5 Platform

The MT5 platform is widely known for its user-friendly interface and abundance of built-in trading tools. The trading platform features multiple order types, various chart types, 21 timeframes, rapid order execution speeds, technical indicators, drawing tools, built-in economic calendar, automated trading supported through the use of Expert Advisors (EAs), strategy tester to back test EAs, trading signals, marketplace, community and the MQL5 programming interface to create customized trading tools, amongst many other innovative features.

  • Optimized for Bitcoin and cryptocurrency trading
  • 60+ Crypto Pairs Supported
  • Level II Market Depth
  • Advanced Pending Order Settings
  • Superior Trading Tools and Indicators
  • Advanced EA coding using MQL5

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 Trading Tools

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. That being said, the MT5 platform should have more than enough tools to meet the needs of retail and institutional traders alike. Not to mention, there are thousands of free and paid tools that you can get from the marketplace that is accessible from directly within the CryptoAltum platform.

Forex VPS

CryptoAltum offers a forex VPS with an equivalent minimum deposit of $1,000 USD, and a minimum monthly trading volume of 50 lots BTC or 10 lots FX. Hosting your trading platform on a Virtual Private Server (VPS) allows you to run your automated strategies 24 hours a day, 7 days a week with the fastest possible connection to the CryptoAltum trading servers.

  • Stay connected even when your computer is offline
  • Uninterrupted automated EA trading
  • Reduced latency to less than 5ms
  • Access your VPS from any device
CryptoAltum Trading Calculator
CryptoAltum Trading Calculator

Dynamic Leverage Margin Calculator

You can use the trading calculator on the brokers website to see your total account leverage according to your open positions.

Economic Calendar

The Economic Calendar can be used to monitor and prepare for market moving events, such as economic indicators and monetary policy announcements. This can be a useful way to conduct fundamental analysis as part of an overall trading strategy.

Currency Conversion

You can use the CryptoAltum currency converter to calculate live crypto and FX exchange rates.

CryptoAltum Trading Instruments

CryptoAltum enables you to trade cryptos, forex, gold and indices in one single account. They provide leveraged CFD trading and have a generous selection of more than 60+ cryptos for you to choose from which is more than most brokers I have previously reviewed. What’s more, they allow 24/7 crypto trading which provides great flexibility.

Cryptocurrency CFDs are a way to trade the digital currencies. Just like Forex, you can speculate on the price of major Cryptocurrencies by purchasing a Contract for Difference (CFD). Contracts for differences mean that a trader doesn’t own underlying assets physically. Futures contracts are set between a brokerage company and a trader and settled in payments after a position closure. You can buy and sell CFD instruments enabling you to speculate long or short on the price of an asset.

For instance, a trader wants to open a buy position for the BTC/ETH pair at 13.81 Ethereum. If the price moves higher and a trader closes their position, they will get the difference between the initial and final prices, minus broker fees. If the price falls lower and they close the positions, they will make a loss and have to pay broker fees.

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, you will also find some handy market updates in the form of articles and an education hub. The learning materials are quite basic and could be improved on.

Crypto Glossary

The crypto glossary lets you learn some key crypto and FX terminologies and gain a better understanding of how the cryptocurrency exchange and forex market work.

CryptoAltum Market Updates
CryptoAltum Market Updates

Market Updates

CryptoAltum publish frequent articles that cover technical and fundamental analysis of various financial markets which can be used to help inspire potential trade ideas and keep you up to date with what is going on in the markets.

CryptoAltum Information Hub
CryptoAltum Information Hub

Education Hub

There is a dedicated education hub with articles covering some trading topics such as strategies, technical analysis, money management, trading discipline and psychology and more.

CryptoAltum Trading Accounts

Standard Account

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.

CryptoAltum uses a dynamic leverage model, which automatically adapts to the clients’ trading positions. This allows clients to take advantage of the maximum leverage offered, while still having limits in place. As the client’s trading volume increases, the maximum leverage offered decreases.

All positions left open overnight are subject to financing fees (swap). Swap may be positive or negative, depending on the direction (buy/sell) of the position. The swap rate can be found under specifications on the MT5 platform. The swap will be automatically converted into the base currency of the trading account before being applied.

Demo Account

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. This can be a great way to master your trading strategies, improve your trading skills and boost your confidence. One you feel ready, you may switch over to a real account, at any time.

Islamic Account

CryptoAltum offers swap free accounts on all FX pairs for religious purposes. These accounts comply with Sharia law and thus, make them a Muslim friendly broker.

CryptoAltum Account Funding

CryptoAltum accepts deposits and withdrawals in cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, ADA and Tether. You can quickly and securely fund your account using your crypto wallet and make unrestricted, anonymous blockchain withdrawals or deposits 24/7.

The broker does not charge any deposit or withdrawal fees, and the minimum deposit depends on the currency deposited and it is around $100 equivalent. Keep in mind that you may be charged a blockchain fee when making crypto transactions and the time taken for the transfer to complete can depend on how busy the network is.

CryptoAltum Customer Service

CryptoAltum 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. From my experience, I found them to be very quick to respond and also very helpful.

CryptoAltum Regulation

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. Whilst the lack of regulation may put off some potential clients, it means that CryptoAltum can provide certain crypto trading products and services that a regulated broker would not be able to due to strict regulations.

Security of Funds

Despite the lack of regulation, CryptoAltum state that the security of client’s funds is of paramount importance to them. They use cold storage of client funds, meaning that your funds are held on external storage devices and should not be stolen by hackers. Strict internal procedures requiring multiple signatories and time delayed access to the cold storage help to ensure security of all funds held by the broker.

  • Multi-signatories required for access to all company e-Wallets
  • Offline Storage in four different locations
  • Advanced antivirus, anti-malware and anti-keylogging software
  • Private Keys securely backed up
  • Daily back up of all company e-Wallets

CryptoAltum FAQ

What is the CryptoAltum minimum deposit?

The minimum deposit required by CryptoAltum depends on the currency deposited and it is around $100 equivalent required.

Where is CryptoAltum based?

CryptoAltum is registered in the Marshall Islands.

When was CryptoAltum founded?

CryptoAltum was founded in 2020.

What are the CryptoAltum platforms?

CryptoAltum provides the MetaTrader 5 platforms for web, desktop and mobile.

What trading instruments do CryptoAltum have?

With CryptoAltum, you can trade CFDs on Cryptos, Forex, Stocks, Indices, Commodities, Metals and Energies.

What are the CryptoAltum deposit and withdrawal options?

CryptoAltum accept deposits and withdrawals via cryptocurrency only.

What is the CryptoAltum leverage?

The maximum leverage at CryptoAltum is 1:500 for qualifying clients.

What is the CryptoAltum commission fee?

CryptoAltum do not charge any commission fees.

What are the CryptoAltum spreads?

CryptoAltum have variable spreads that depend on the market conditions, liquidity providers and instrument being traded.

Do CryptoAltum offer demo accounts?

Yes, there is a free CryptoAltum demo account if you would like to practice trading online and test out the brokers services before opening a real account.

Do CryptoAltum offer Islamic accounts?

Yes, the broker has a swap-free Islamic account option for Muslim traders.

Do CryptoAltum allow scalping, hedging, news trading and automated trading?

Yes, CryptoAltum do not have any restrictions on trading strategies.

Do CryptoAltum charge an inactivity fee?

No, CryptoAltum do not charge any inactivity fees.

Is CryptoAltum regulated?

No, the broker is currently not regulated.

CryptoAltum Review Summary

Overall, CryptoAltum is an online brokerage firm that provides a good and diverse range of trading products and services that are geared predominantly towards traders who prefer to trade cryptocurrency. They support a large selection of cryptos for trading with competitive conditions via the popular MetaTrader 5 platforms and provide clients with some useful trading tools to help them plan trades. In addition to cryptos, they have a selection of forex currency pairs, commodities, gold and stock indices.

It is quick and easy to open an account with them, with a minimum deposit requirement of just $1 and no KYC documents required. Blockchain technology ensures unrestricted, anonymous and lightning-fast deposits to your CryptoAltum e-Wallet. They process withdrawals 24 hours a day 7 days a week and will never charge for processing withdrawals. There are also no fees for depositing with CryptoAltum.

CryptoAltum

8.2

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

5.0/10

Features

  • A great selection of over 60 cryptocurrencies
  • The intuitive and powerful MT5 platform
  • Trading calculators and other useful trading tools
  • Instant account opening without KYC
  • Direct funding from your crypto wallet
  • 24/7 cryptocurrency trading
  • Low spreads and no commission fees
  • STP broker with quick execution speeds
  • Trade cryptos, forex, gold and indices in one single account
  • Minimum $1 deposit only