Forex Qartal Fx Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

Qartal Fx Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@qartalfx.com

Contact Number +447915651962

Website www.qartalfx.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Access to the advanced MT5 trading platform with multiple device support
High leverage options available, up to 1:1000
Multiple account types tailored to different trading needs
Responsive customer support through various channels

Cons

Not regulated by any recognized financial authority
High risks associated with trading unregulated
Limited educational resources for new traders
Potential withdrawal limits based on deposit amounts
Additional fees may apply for specific payment methods

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Qartal Fx	Anzo Capital	Focus Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Qartal Fx Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Micro Account	Beginners	Low initial deposit, user-friendly	Ideal for small-capital practice
Standard Account	Casual Traders	Competitive spreads, no commissions	Great for regular trading activities
ECN Account	Experienced Traders	Low spreads from 0.0 pips, commission applies	Requires higher trading volume
Raw Spread Account	Professional Traders	Tight spreads with low commission	Recommended for high-frequency trading
Islamic Account	Sharia-compliant Traders	Swap-free trading	Must meet specific eligibility criteria

Account Opening Process

To open an account with Qartal Fx, traders must follow a straightforward process that includes submitting personal, employment, and financial information. Identity verification is crucial, requiring documents such as a government-issued ID and proof of address. Additionally, traders have the flexibility to upgrade their accounts, such as transitioning from a Micro to a Professional Account, depending on their trading needs and experience level.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	From 0.6	$0 (Micro/Standard accounts)	Competitive spreads for beginners
Forex (Minor Pairs)	Varies	$5 (ECN account)	Depends on trading volume
CFDs (Stocks, Indices, Commodities)	Varies	Commission-based on account type	Fees apply for specific instruments
Cryptocurrencies	Varies	Variable commission	Market volatility affects fees

Other Fees

Qartal Fx may apply several additional fees, including deposit and withdrawal fees, which vary by method. Inactivity fees may apply if accounts remain dormant for an extended period. Traders should also be aware of potential overnight interest (swap rates) and any currency conversion fees that might arise during trading activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Qartal Fx User Reviews

2.5

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Saqib Ahmad

Pakistan

★ ★ ★ ★ ★

My experience with Qartal Fx has been extremely disappointing. After initially making a profit, my withdrawal requests were repeatedly denied due to limits tied to my deposit amount. I felt trapped and frustrated as they kept asking for KYC documents. In the end, I could only withdraw my initial deposit, which was heartbreaking. I do not recommend this broker.

Muqadas Shah

Pakistan

★ ★ ★ ★ ★

Qartal Fx has been a reliable platform for me. I faced a minor issue with KYC verification, but their customer support resolved it quickly. The trading experience has been smooth, and the MT5 platform is user-friendly. Overall, I appreciate their services.

Roy Williams

Australia

★ ★ ★ ★ ★

While Qartal Fx offers generous leverage, my experience with withdrawals has been frustrating. They have strict limits based on initial deposits, which made withdrawing my profits difficult. The customer support was not very helpful in addressing my concerns.

Linda Brown

USA

★ ★ ★ ★ ★

Qartal Fx’s trading platform is quite robust, and I enjoy the advanced tools available on MT5. However, I have encountered some issues with responsiveness from customer support. While my trades executed quickly, the withdrawal process could be improved.

Saint Vincent and the Grenadines Market