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Altum group includes 2 related companies.
Altum LC - located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
Altum SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
Altum group accepts clients from all over the world, excluding USA, Canada, Iran, Syria, North Korea and some other countries blacklisted by the FATF.
Forex broker offers the following underlying assets for trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 4 Crypto Pairs | Based on Bitcoin, Ethereum, Litecoin, Ripple. |
| 16 Indice CFDs | Based on baskets of different blue-chip stocks and US Dollar Index. |
| 6 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 50+ Stock CFDs | Based on shares of top-rated US companies. |
Altum is a forex broker based offshore in Saint Lucia and the Seychelles, where it is registered and licensed by the local financial regulators. The broker has operated since 2020, and accepts clients from nearly all countries, except the US, Canada, and a few sanctioned countries.
The broker's relatively short history and offshore structure mean that Altum should be viewed as a more speculative broker than the long-established, top-tier names in the industry. That does not necessarily make it unsafe, but it does mean that traders should approach it with the usual caution that applies to offshore brokers.
The main benefit of trading with Altum is the combination of high leverage and broad market access. The broker offers leverage of up to 1:2000, a very low minimum deposit of 5 USD, and low spreads, which makes it especially attractive to traders who want a low-cost venue to begin their trading journey without needing a lot of capital.
In addition to currencies, Altum also offers CFDs on crypto, indices, metals, energies, and stocks. In total, the broker provides access to 40+ currency pairs, 4 crypto pairs, 16 index CFDs, 6 metal CFDs, 3 energy CFDs, and more than 50 stock CFDs, giving traders a fairly broad selection of instruments for a broker in this category.
All assets can be traded on either one of the three account types Altum offers:
– PRO Account, with a $5 minimum deposit, spreads from 1 pip and no commissions.
– EDGE Account, with a $5 minimum deposit, spreads from 0 pips and commissions of $2.5 per side.
– APEX Account, with a $10,000 minimum deposit, spreads from 0 pips and commissions of $1.5 per side.
Altum also offers a decent selection of trading platforms, with both MetaTrader 4 and MetaTrader 5 supported, along with the web versions of the same legendary platforms. Despite being originally released in the early 2000s, the MetaTrader suite remains very popular to this day, largely due to the unmatched selection of custom technical indicators and trading strategies (Expert Advisors) available on the platforms.
A notable feature is Altum's own copy-trading service, which allows traders to auto-mirror strategies from top-performing traders. For newer traders, or for those who want to diversify part of their capital into a follower strategy, this can be both useful and profitable. At the same time, it also allows more experienced traders to earn a side income from sharing their trades with others.
Another positive point is that cryptocurrency funding is accepted, which may be convenient for traders who prefer faster transfers or already keep part of their trading capital in crypto. Besides crypto, the broker accepts popular funding methods such as bank transfer, credit and debit cards, as well as the e-wallets Skrill and Neteller.
For any questions or concerns, Altum's customer service team can be reached via phone, live chat or email. Unfortunately, there is no information available about the support team's working hours, which usually means that 24 hour support isn't available.
All in all, we believe Altum is best suited to traders who value high leverage, a low minimum deposit, and a broad enough product range for active forex and CFD trading. The copy-trading feature and crypto funding add extra convenience, but the broker's offshore setup means that it also comes with some additional risk that should be taken into consideration.
