ARAKKAL MARKETS

Arakkal Markets is an online trading broker established on August 21, 2020, and registered in Saint Vincent and the Grenadines. The company's registered address is Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines. The broker operates the domain arakkalmarkets.com and targets retail traders interested in leveraged CFD trading.

The broker positions itself as a provider of trading in metals, oil, and indices, with a focus on the MetaTrader 5 platform. It maintains a presence on social media platforms including Facebook, Instagram, and YouTube, suggesting an effort to engage with a wider audience.

A critical aspect of Arakkal Markets is its regulatory status: it is not regulated by any known financial authority. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction that does not impose regulatory oversight on forex or CFD brokers. This absence of regulation means that traders do not benefit from investor protection schemes, dispute resolution mechanisms, or capital adequacy requirements that regulated brokers must adhere to.

FXCanary's Scam Risk Score for Arakkal Markets is 46 out of 100, categorized as 'Guarded'. This score reflects the high-risk nature of trading with an unregulated entity, where the potential for disputes or loss of funds is elevated. Traders are advised to exercise extreme caution and conduct thorough due diligence before committing capital.

Arakkal Markets offers a single account type known as the Gold Account, which requires a minimum deposit of $1,000. The account provides access to the MT5 platform with leverage up to 1:300. While leverage of 1:300 is relatively high and can amplify both gains and losses, the specific details of spreads, commissions, and other fees are not publicly disclosed.

The broker does not appear to offer any other account tiers, such as demo accounts or Islamic swap-free accounts, based on available information. The lack of transparent pricing and account options is a notable concern for traders who value flexibility and cost clarity.

The only trading platform advertised by Arakkal Markets is MetaTrader 5 (MT5). MT5 is a popular multi-asset platform known for advanced charting tools, algorithmic trading capabilities, and support for various order types. However, the broker does not specify whether it offers MT5 for desktop, web, or mobile devices, nor does it detail any proprietary platforms or add-ons.

Given the platform's widespread recognition, its provision is a positive aspect, but the lack of information on platform availability and customization may limit traders' ability to assess the trading experience fully.

Arakkal Markets claims to offer CFD trading on metals, oil, and indices. The exact range of instruments within these categories is not specified, nor are the trading hours or contract specifications provided. The absence of a detailed instrument list makes it difficult for traders to evaluate whether the broker meets their diversification needs.

Additionally, the broker does not mention forex pairs, stocks, commodities, or cryptocurrencies, which are common offerings among CFD brokers. This limited product scope may be a drawback for traders seeking a wide variety of markets.

Customer support is stated to be available via phone and email, but no specific phone numbers or email addresses are easily accessible on the broker's website. The support response times and languages supported are unclear. The broker also provides an economic calendar as an educational resource, but no other training materials, webinars, or research tools are mentioned.

The minimal disclosure of support and educational offerings is a red flag, especially for less experienced traders who may rely on these resources. Overall, the broker's informational transparency is poor, which compounds the risk associated with its unregulated status.