Qartal Markets

Qartal Markets is an online forex and CFD broker registered in Saint Vincent and the Grenadines, with a registered address at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. The broker was founded on August 14, 2025, making it a very new entrant to the financial services industry. It operates via the website qartalmarkets.com and targets both novice and experienced traders, offering leveraged trading across multiple asset classes.

Saint Vincent and the Grenadines is a jurisdiction known for not imposing stringent regulatory requirements on financial companies, and Qartal Markets does not hold any regulatory licence from a major financial authority. This means that traders using the broker lack the protection typically afforded by regulated entities, such as negative balance protection, compensation schemes, or independent dispute resolution. The broker's presence is largely digital, with social media accounts on Facebook, Instagram, and YouTube.

Qartal Markets provides five account types tailored to different trading styles and capital levels. The Micro account is designed for beginners, with a minimum deposit of just $10 and leverage up to 1:1000. The Standard account requires $100 and also offers high leverage and no commission. For more experienced traders, the ECN account starts at $500 with raw spreads and a commission of $5 per lot, while the ECN Pro account requires $5,000 with a lower commission of $3.5 per lot. Additionally, Islamic (swap-free) accounts are available for those who require Sharia-compliant trading.

All account types feature instant execution and no swap charges, according to the broker's website. Leverage varies by account: Micro and Standard accounts offer up to 1:1000, while ECN and ECN Pro accounts offer up to 1:400. The minimum deposit for the Islamic account is not specified on the site but is available for both raw spread and standard categories.

The broker offers forex, commodities (including metals like gold and silver), and global indices. It claims access to over 100 tradable instruments. While the website does not explicitly name the trading platforms (e.g., MetaTrader 4 or 5), it describes providing 'cutting-edge trading platforms' with low latency connectivity and superior liquidity. The broker states that its pricing model was historically available only to institutional players, implying tight spreads and deep liquidity for retail clients.

Qartal Markets also promotes a 50% tradable bonus to new depositors, which is a common marketing tactic among unregulated brokers. The bonus is not a regular cash bonus but rather a credit that can be used for trading, with any profits generated from the bonus being withdrawable subject to trading volume requirements.

Deposits at Qartal Markets are accepted exclusively via cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Tether (USDT), and Tron. There is also a payment agent option. This focus on digital currencies may appeal to traders seeking privacy or speed, but it also limits traditional funding methods like bank transfers or credit cards. The broker claims to provide 24/7 customer support via email (support@qartalmarkets.com) and a phone number (+44 759 968 8379).

The website includes a contact form and lists an additional address in Panama City, Republic of Panama, suggesting a multi-jurisdictional presence. However, the primary registration remains in Saint Vincent and the Grenadines. The broker's FAQ section describes itself as a 'leading online trading company' and highlights the experience of its management team in forex, CFD, and equity markets across Asia, Europe, and North America.

As of this review, Qartal Markets does not hold any licence from a known financial regulator such as the FCA, CySEC, ASIC, or any other major authority. The company is registered as a business entity in Saint Vincent and the Grenadines, which does not require forex brokers to obtain a licence or maintain specific capital requirements. This absence of oversight means that clients have no recourse to a regulatory ombudsman or compensation scheme if disputes arise.

Traders should also note that the broker's claim of being a 'world leading Licensed Broker for over 3 years' is contradictory to its incorporation date of 2025. The website content appears to use generic or recycled text, which is a common red flag among newly created brokers. The elevated FXCanary Scam Risk Score of 60/100 reflects these concerns, particularly the lack of regulation and the broker's recent establishment.

Qartal Markets may appeal to traders who are comfortable with high leverage (up to 1:1000) and low minimum deposits, particularly those using small starting capital. The availability of Islamic accounts also makes it an option for traders seeking swap-free trading. However, the broker's unregulated status means it is NOT suitable for risk-averse traders, those who require strong investor protection, or those who prefer traditional funding methods.

Prospective clients should conduct thorough due diligence before depositing funds. Given the lack of independent reviews and the newness of the broker, caution is strongly advised. As with any unregulated offshore broker, there is a heightened risk of sudden withdrawal restrictions, account freezes, or even closure.