FX Cartage Review
8
Fast Facts
Contact Info and Support
Traffic information
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About FX Cartage
FX Cartage (operating via fxcartage.com) is not regulated by any recognized financial authority. It claims to be registered in Saint Lucia (as FX Cartage Limited, registration number 2023‑00411, located at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros‑Islet, Saint Lucia) and also to operate from the UAE; however, there is no record of authorization by the Saint Lucia Financial Services Regulatory Authority (FSRA) or by key UAE regulators such as the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), or the Central Bank of the UAE (CBUAE) ().
The broker offers six asset classes—forex, cryptocurrencies, spot metals, spot indices, commodities, and futures—across more than 200 instruments. It supports trading platforms including a proprietary “Mtrade” platform and MetaTrader (MT4/MT5) on PC, Mac, Android, and iOS devices ().
Four account types are provided: Micro (minimum deposit $100; spreads from 2 pips; no commission; leverage 1:400; EA allowed; swap‑free), Mini ($500; spread 1.5 pips; no commission; leverage 1:400; EA allowed; swap charged), Premium ($2,500; spread 1 pip; no commission; leverage 1:400; EA allowed; swap charged), and ECN ($5,000; spread 0.2 pips; commission charged; leverage 1:300; EA allowed; swap charged) (). Other sources report spreads “from 0.2 pips,” leverage up to 1:500, and a minimum deposit as low as $200 or even $100 depending on the source ().
Deposit and withdrawal methods reportedly include Visa, Skrill, MasterCard, UnionPay, Wire transfer, and Neteller, though details on fees and processing times are unspecified. The broker offers ECN, Premium, Mini, and Micro accounts, with leverage up to 1:500, spreads from 0.2 pips, and a minimum deposit as low as $200 depending on the report ().
Alerts from multiple broker monitoring platforms classify FX Cartage as unregulated and potentially high‑risk. BrokersView labels it a scam and unregulated, citing lack of records with SCA, DFSA, and CBUAE (). WikiFX assigns a low trust score and warns of "no valid regulation" and "high potential risk" ().
Pros and cons
Pros
- Offers multiple asset classes (forex, cryptocurrencies, spot metals, indices, commodities, futures) across 200+ instruments.
- Supports MetaTrader 4/5 and a proprietary Mtrade platform on various devices.
- Multiple account types with varying deposit levels, spreads, and leverage options.
Cons
- No regulation from recognized financial authorities, with no listing in FSRA (Saint Lucia) or credible UAE regulators.
- High leverage (up to 1:500) combined with unregulated status increases risk to client funds.
- Deposit/withdrawal conditions and fees lack transparency.
- Monitoring platforms classify FX Cartage as high‑risk or potentially scam.
