Crystal Ball Markets review and ratings

Established 2020
Location Saint Vincent and the Grenadines
Regulation FINTRAC
Offices Kingstown
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 50 USD
Spreads low  low
Platforms Web Specific Binary Platform
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Perfect Money Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple

Company information

Crystal Ball Markets is a legally registered forex broker located in the Saint Vincent and the Grenadines, but not regulated by any government agency there.

Still, Crystal Ball Markets LLC is also an entity staying in regulatory compliance with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Availability

Crystal Ball Markets accepts clients from all over the world, excluding some FATF sanctioned countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
10 Crypto Pairs Based on Cardano, Bitcoin, Bitcoin Cash, Dash, Dogecoin, Ethereum, Litecoin, Solana, Monero, XRP.
8 Indice CFDs Based on baskets of different blue-chip stocks.
5 Metal CFDs Based on Gold, Silver and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
40+ Stock CFDs Based on shares of US, UK and EU companies.

The broker offers almost the same trading instruments for binary options trading.

Comprehensive review

Crystal Ball Markets is a forex broker registered in Saint Vincent and the Grenadines, and with an additional entity registered and regulated in Canada under FINTRAC rules. For non-Canadian clients trading with its offshore branch, the broker offers trading leverage as high as 1:1,000, a good selection of trading instruments, and the option to fund accounts with crypto.

According to Crystal Ball Markets’ website, the company has been in business for more than 15 years, mainly dealing with private portfolios and wealth management. In 2020, it opened up its forex brokerage business to the public, the website further said. It added that it is still looking to expand into other jurisdictions beyond Canada and Saint Vincent and the Grenadines.

An interesting thing to note about Crystal Ball Markets is that this broker also offers binary options trading in addition to traditional forex and CFD trading. Due to regulatory crackdowns on binary options in many countries around the world, this is somewhat unusual these days. However, we are happy to see it offered from at least some brokers, as demand for this type of trading clearly still exists.

As far as the regular trading instruments go, Crystal Ball Markets offer all of the commonly traded forex pairs, major stock indices, single stocks listed in the US and Europe, a selection of cryptocurrencies, and popular commodities. All of these assets are traded as CFDs, which makes it easy to take highly leveraged long (betting on higher prices) and short (betting on lower prices) positions.

Notably, most of the assets that are available for regular CFD trading can also be used as the underlying asset for binary options trading with Crystal Ball Markets.

The platform Crystal Ball Markets offers for its traders is a relatively new platform known as Mobius Trader 7 (MT7). The platform supports both regular forex and CFD trading, in addition to binary options trading, and is available as a web trader, in various mobile versions, and in downloadable versions for Windows, Mac and Linux computers.

To get started trading with Crystal Ball Markets, users can either make a payment with bitcoin, bank transfer, Visa, MasterCard, or the e-wallet Perfect Money. All funding methods are processed free of charge by the broker when making deposits. For withdrawals, however, processing fees are still very unclear, with the website simply saying the fee is “TBD” (to be determined).

As nearly all forex brokers, Crystal Ball Markets has several account types that new traders can choose between. The choice here starts with a Micro Account that is available for a minimum deposit of just USD 50, with spreads from 1.9 pips and leverage up to 1:1,000. The next account type is the PRO ECN Account, which is available for a minimum deposit of USD 1,000 and comes with tight spreads from 0 pips. Lastly, the Standard Account is available for a deposit of USD 200, and comes with spreads from 1.2 pips and a maximum leverage of 1:500.

To contact Crystal Ball Markets, clients can use the live chat option on the website, send an email, or call the broker’s local UK phone number. The support team is available 24 hours a day, 7 days per week, the broker promises.

In conclusion, we have the impression that Crystal Ball Markets is a forex and binary options broker in the process of growing and expanding its footprint around the world. Being set up as a forex broker as recently as in 2020, it is likely that we will hear more from this broker in the coming years as it continues to expand. Moreover, the broker also appears to be a good choice for traders who want to try their luck on binary options trading with a whole range of different underlying assets available.

Reviews from traders

5/5
(3 votes)
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