What is CryptoAltum?
CryptoAltum is a recently created CFD broker, born in 2020 offers traders the possibility of being able to invest in cryptocurrencies 24/7, having a wide list of constantly updated crypto instruments consisting of over 100 cryptocurrency pairs, through the use of MT5, one of the most famous and used platforms in the world.
One of its main characteristics, synonymous with efficiency, concerns the use of the STP (straight-through processing) brokerage model by which every financial transaction (each one of which is carried out with market execution) is carried out instantly and automatically without any intervention of the dealing desk.
Liquidity comes from a multitude of global exchanges and by making use of various liquidity providers CryptoAltum offers its traders the best prices available in the market.
Comparison of CryptoAltum’s account types
CryptoAltum has 2 account types. Both account types utilizes the MT5 platform.
See the table below to see the comparison of CryptoAltum’s Crypto Pro and Combined Plus account types.
|Account Type||Crypto Pro||Combined Plus|
|Trading Platform||MT5 (MetaTrader5)||MT5 (MetaTrader5)|
|Available Markets||Cryptocurrency||Forex, Cryptocurrency, Gold, Stock Indices|
|Account Base Currency||BTC, ETH, XRP, LTC, BCH, USDT||BTC, ETH, XRP, LTC, BCH, USDT|
|Required Minimum Deposit||$100||$500|
|Micro Lot Trading||Available||Available|
|NBP (Negative Balance Protection)||Supported||Supported|
|Margin Call Level||100%||100%|
|Stop Out Level||50%||80%|
|Max Number of Simultaneous Pending Orders||200||200|
|Max Number of Simultaneous Orders||200||200|
|Bonus Promotion||100% Welcome Bonus
25% Anytime Deposit
|25% Anytime Deposit|
What are the merits of CryptoAltum’s service?
The broker, in addition to having a wide range of tools, offers extremely competitive and advantageous online trading conditions on cryptocurrencies.
- A maximum leverage of 1:500, the highest ever offered worldwide for crypto investments
- Totally free crypto conversions
- Fees for trading almost non-existent equal to half of many other crypto trading platforms in the world, each trader will pay a small commission only when opening the chosen position and never closing
- No identification required for immediate opening of a real account
- Maximum security for loans made directly from your crypto wallet by cold storage of client funds
- Extremely fast collections, 24/7
- Tight spreads
In a nutshell, the broker offers extremely competitive trading conditions with extremely low spreads starting from $ 3, deposit and withdrawal operations available in 6 different cryptocurrencies and maximum leverage with volume restrictions.
Any trader, whether experienced or novice, will be able to carry out any trading strategy and style, including scalping, hedging and the use of expert advisors.
When a trader decides to open an account with the broker, he will not be asked for identification documents unless CryptoAltum suspects a possible abuse of the promotions offered.
The minimum deposit required for opening an account is only one dollar and any trader who wishes to try the features of trading with CryptoAltum without losing his or her funds can opt for opening a demo account.
Although the broker is registered with the Marshall Islands, it does not have registration with any government control body, but in order to meet the safety of its clients’ capital it guarantees the use of cold storage of funds, through which these funds will be registered and stored offline on external storage devices divided into four distinct sectors to avoid pitfalls by criminals.
In addition, as regards the structure inherent to the protection of customer funds, CryptoAltum makes use of extremely demanding internal control procedures, in order to be able to access the funds in cold storage, more signatories will be required and the backups of private keys are guaranteed, by the use of extremely advanced software such as antivirus, antimalware and anti-keylogging software.
- Multi-signatories required for access to all corporate e-Wallets.
- Offline storage in four different sectors.
- Advanced anti-virus, anti-malware and anti-keylogging software.
- Private keys that are constantly backed up securely.
- Backups performed every day for all existing corporate e-Wallets.
Obviously, it is clear that a lack of regulation, which guarantees protection in the event of problems of any kind, can make traders doubt.
But it must be remembered that a regulated broker cannot afford to offer its clients certain services due to the rules set up by the control body.
(Excel Innovations Ltd)
|Rating Traders Rating|
|Regulations Regulations & Licenses||None|
|Founded Founded in||2019 (4 years)|
|USA clients||Not Accepted|
|Country Base||Republic of the Marshall Island|
|Headquaters||Majuro, Ajeltake Island Republic of the Marshall Island, MH96960|