Cartelwin is a CFD broker, with its official domain registered on October 15, 2023. The broker primarily offers investment services in trading markets such as forex, cryptocurrency, indices, stocks, energy, and commodities. It does not provide services to countries or regions that may violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on Cartelwin’s official website (cartelwin.live), the broker was established in 2016. It claims that its company entity is VLS and that it is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its company entity's registration information or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) did not find any regulated company named "VLS."
Therefore, Cartelwin (cartelwin.live) is, in fact, a fraudulent broker website with neither a company entity nor any regulation.
Account Opening Process
The process for opening a trading account with Cartelwin is as follows: Visit their official website, click "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to enter the account registration page, fill in personal information such as name and email address, set a login password as required, submit the form, and verify the account to complete the registration successfully.
Trading Instruments:
Cartelwin offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves exchanging different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, diverse trading opportunities can be discovered, using high leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in the price fluctuations of public companies, earning profits based on company performance and dividends, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading provides opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Cartelwin offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: £500
- Minimum Expected Profit: £3,500
- Maximum Expected Profit: £5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profits
CLASSIC ACCOUNT:
- Minimum Deposit: £5,000
- Minimum Expected Profit: £45,000
- Maximum Expected Profit: £50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profits
PLATINUM:
- Minimum Deposit: £10,000
- Minimum Expected Profit: £99,999
- Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profits
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin-Only Payments
- Use with Any Broker
Trading Platform
Cartelwin offers users a proprietary trading platform and claims an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers and more than 12,000 orders executed per second.
Deposits and Withdrawals
Cartelwin only supports deposits and withdrawals via cryptocurrency.
Conclusion:
Traderknows reminds investors that Cartelwin is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
