CASTLE MARKET

According to WikiFX data, Castle Market holds an active license from the Comoros Mwali International Services Authority (MISA) but does not possess a valid license from any major financial regulatory authority such as the FCA or ASIC. The broker has a low WikiFX score of 1.92, and a prior NFA license in the United States has been revoked. User exposure reports highlight issues with unfulfilled bonus conditions. While the broker offers competitive trading conditions, the lack of mainstream regulatory oversight increases risk, and traders should approach with caution.

Castle Market holds an active Forex Trading License (EP) from the Mwali International Services Authority (MISA) in Comoros (license number T2023323). However, it does not hold a valid license from any major financial regulatory authority. A previous Deriv Investment Advisory License from the U.S. National Futures Association (NFA) has been revoked. Therefore, the broker is not regulated by a top-tier regulator.

The minimum deposit depends on the account type. The Ultra Low account requires only $1, the Standard account requires $3,000, and the VIP account requires $5,000. Thus, the overall minimum deposit to start trading is $1.

Castle Market provides a genuine full license MT5 platform. It does not support MT4. The MT5 platform offers an average execution speed of 79.5 ms, according to WikiFX data.

Pro: Offers competitive trading conditions with spreads from 0.3 pips, high leverage up to 1:3000, and support for EA, scalping, and hedged positions. Cons: 1. The broker is not regulated by any major financial regulatory authority, lacking oversight from entities like the FCA or ASIC. 2. A prior NFA license in the United States has been revoked, indicating regulatory issues. 3. WikiFX data shows a low overall score of 1.92 and one user exposure regarding unfulfilled bonus conditions.

According to WikiFX data, there is one user exposure report regarding unfulfilled bonus conditions. However, there are also several positive reviews praising the broker's low spreads, fast withdrawals, and customer support. While the single complaint warrants attention, the overall feedback is mixed.

Based on WikiFX data, the broker's NFA license has been revoked, and it does not hold a valid license from any US regulator. Therefore, it is not authorized to operate in the United States and likely does not accept US clients.

Castle Market offers an Ultra Low account with a $1 minimum deposit, which is accessible for beginners. However, the high leverage of up to 1:3000 can amplify losses, and the absence of regulation by a major authority means no external investor protection. The platform may be complex for newcomers, and the broker does not explicitly mention demo accounts. Beginners should weigh these risks carefully and consider starting with a regulated broker that offers lower leverage and educational resources.

Castle Market offers three account types: Standard (min deposit $3,000, leverage 1:3000), VIP (min deposit $5,000, leverage 1:500), and Ultra Low (min deposit $1, leverage 1:3000). All accounts feature spreads from 0.3 pips and support EA, scalping, and hedged positions. The broker provides a genuine full license MT5 platform with an average execution speed of 79.5 ms.

The broker offers leverage up to 1:3000 on the Standard and Ultra Low accounts, and 1:500 on the VIP account. High leverage magnifies both potential profits and losses. Without negative balance protection explicitly mentioned, traders could lose more than their deposit. The risk is significant, particularly for inexperienced traders, and the lack of major regulatory oversight adds to the overall risk profile.

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

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