Chart Consultings

Chart Consultings is a brokerage firm registered in the Marshall Islands, a jurisdiction often associated with offshore financial entities. The company was established on 10 February 2023, making it a relatively new entrant in the forex and CFD market. Its official domain is chartconsultings.com, and its registered address is at the Trust Company Complex in Majuro.

Despite its name suggesting consulting services, Chart Consultings presents itself as a trading platform for retail clients. However, independent public information about the broker is scarce, and our review found no reliable web sources detailing its operations, trading conditions, or service quality.

Chart Consultings operates without any known regulatory licence from a recognised financial authority. Our records show no regulators on file for this entity. The Marshall Islands is not a major regulatory hub for forex brokers, and firms based there often fall outside the oversight of stringent financial watchdogs.

This lack of regulation is a significant concern for traders. Without independent oversight, there is no guarantee of client fund segregation, fair trading practices, or recourse in the event of a dispute. The absence of a licence should be weighed heavily when considering whether to engage with this broker.

From available information, it is unclear which trading platforms Chart Consultings offers. The broker’s website does not appear to specify platforms such as MetaTrader 4 or 5, nor does it disclose the range of instruments available for trading. This lack of transparency is common among newly established, unregulated brokers.

Potential clients are advised to proceed with caution, as the absence of platform details may indicate a limited or substandard offering. Without verified information, it is impossible to assess the quality of execution, charting tools, or order types available.

Chart Consultings has not publicly detailed its account types, minimum deposit requirements, or fee structures. There is no evidence of standard offerings such as micro, standard, or ECN accounts. Similarly, spreads, commissions, and swap rates are not disclosed.

This opacity prevents traders from making informed decisions about cost competitiveness. In the forex brokerage industry, transparency on fees is a hallmark of trustworthy operators. The broker’s silence on these matters raises further red flags.

The broker has not provided clear information about funding methods or withdrawal procedures. Common payment options like bank transfers, credit cards, and e-wallets are not listed on any accessible public page. This omission is concerning, as it suggests potential difficulties in moving funds in and out of trading accounts.

Without defined processes, traders may face unexpected delays or barriers when attempting to withdraw profits or deposited capital. In the absence of regulatory protection, such scenarios could result in financial loss.

Chart Consultings appears to target retail traders seeking leveraged forex and CFD exposure, but its suitability is severely undermined by its regulatory status. The broker is not recommended for novice traders who require a regulated environment for safety. Experienced traders may also find the lack of information and oversight unpalatable.

The elevated risk score of 55/100 assigned by FXCanary reflects these concerns. Traders with a low risk tolerance or those prioritising fund security should look for alternatives with verifiable regulation from bodies such as the FCA, CySEC, or ASIC.

Chart Consultings is an unregulated broker based in the Marshall Islands with a short operational history. Publicly available information is minimal, and the broker does not disclose essential trading details. The lack of regulatory oversight is a critical drawback.

While the broker may offer trading services, the risks are substantial. Traders are strongly advised to conduct thorough due diligence and consider the potential for non-compliance with industry standards. In FXCanary’s view, this broker warrants a cautious approach.