Arakkal Markets Company Overview
Company Basic Information
Company Name: Arakkal Markets
Year Established: 2020
Country Of Registration: Saint Vincent And The Grenadines
Regulatory Status: Unregulated
Market Instruments: Offers Contracts For Difference (CFDs) Trading In Metals, Oil And Indices
Account Type: Gold Account
Minimum Deposit: $1,000
Maximum Leverage: 1:300
Spread: 0.5 Pips
Trading Platform: MetaTrader 5 (MT5)
Pros And Cons Analysis
Pros:
Diversified CFD Products: Offers Trading Across Multiple Asset Classes Such As Gold, Silver, Platinum, Palladium, Brent Crude Oil, Crude Oil, And Major Global Indices Such As Germany 30, Stoxx 50, France CAC40, UK FTSE 100, Etc.
MetaTrader 5 Platform: Uses The Popular MetaTrader 5 Platform With Powerful Features And Support For Chart Analysis, One-click Trading, And Custom Order Parameters.
High Leverage Ratio: Offers Leverage Of Up To 1:300, Enabling Traders To Amplify Potential Returns.
Convenient Customer Support: Provides Instant Support Via Phone And Email, Making It Convenient For Traders To Resolve Issues.
Cons:
Unregulated Platform: Lack Of Official Regulation, Increasing Latent Risk.
High Minimum Deposit Requirement: $1,000 Minimum Deposit May Pose A Barrier For New Traders
** Potential Huge Losses **: High Leverage Can Significantly Amplify Potential Losses And Should Be Used With Caution.
** Limited Educational Resources **: Economic Calendar Is Provided Only As An Educational Resource And Lacks Comprehensive Training And Market Analysis Tools.
Commission Fee: A Commission Of $5 Per Lot Is Charged, Which May Increase Transaction Costs.
Market Tools
Arakkal Markets Offers Over 800 CFDs Across The Following Asset Classes:
Metals: Gold, Silver, Platinum, Palladium
Oil: Brent Crude Oil, Crude Oil
Indices: Germany 30, Stoxx 50, France CAC 40, UK FTSE 100, US Dow Jones 30, US Technology 100, S & P 500
These Products Allow Traders To Buy In Anticipation Of Market Growth Or Sell In Anticipation Of Market Decline. Gold Is Often Considered A Safe Haven Asset, While Silver Reflects Economic Growth.
Account Type
Gold Account:
Minimum Deposit: $1,000
Spread: 0.5 Pips
Leverage: Maximum 1:300
Commission: $5 Per Lot
Overnight Interest Fee: Applicable To Positions Held Overnight
Mandatory Position Squaring Level: Automatic Position Squaring
Account Opening Process
Registration: Visit The Arakkal Markets Website (https://www.arakkalmarkets.com/) And Click The "Account Opening" Button Fill In The Registration Information And Agree To The Terms And Conditions.
Verification: Verify The Account Via Email And Confirm The Registration Information.
Deposits & Trading: Choose To Deposit A Minimum Of $1,000 By Bank Transfer, Credit Card Or E-wallet And Start Trading Using The MT5 Platform.
Leverage & Risk Management
Leverage: Arakkal Markets Offers Leverage Of Up To 1:300, Allowing Traders To Control Positions Up To 300 Times The Value Of The Deposit.
Risk Management: Amplify The Value Of On-the-go Positions And Significantly Increase Potential Losses. It Is Recommended To Implement A Strict Risk Management Strategy And Only Invest The Risk Capital That Can Be Tolerated.
Spreads And Commissions
Spreads: Arakkal Markets Charges A Spread Of 0.5 Pips, Representing The Difference Between The Bid Price And The Ask Price.
Commission: A Commission Of 5 Dollars Per Lot Is Charged, Which Needs To Be Included In The Transaction Cost Calculation.
Trading Platform
Supported Devices: MetaTrader 5 Supports Desktop (Windows), IOS And Android Mobile End Trading.
Feature Highlights: One-click Trading, Real-time Market Monitoring, Historical Data And Chart Analysis, Custom Order Parameters.
Deposit And Withdrawal
Deposit Methods: Support Bank Transfer, Credit Cards And E-wallets (such As Visa, MasterCard, Skrill, Neteller, Etc.).
Withdrawal Methods: The Same As The Deposit Method. The Time When The Funds Arrive Depends On The Specific Method.
Fees: Spreads And Commission Fees Need To Be Borne By Yourself. Most Of The Access Methods Are Free.
Customer Support
Support Channels: Tel: + 971 4568 1991, Email: Support@arakkalmarkets.com.
Multilingual Support: Not Explicitly Mentioned, But English Support Is Available.
Response Time: 24/5 Service To Ensure Timely Resolution Of Issues.
Educational Resources
Economic Calendar: Helps Traders Understand Upcoming Economic Events And Their Potential Impact On The Market.
Lack Of Comprehensive Education: No Additional Educational Resources Such As Webinars, Tutorials, Or Market Analysis Are Currently Available.
Summary
Arakkal Markets Is A Platform That Offers Trading In A Variety Of Assets. With Its Wealth Of CFD Products, MetaTrader 5 Platform, And High Leverage, It Is Able To Meet The Needs Of A Wide Range Of Traders. However, Factors Such As Unregulated, High Minimum Deposits, And Commission Fees Increase Trading Risk. Before Choosing This Platform, Traders Need To Weigh Its Advantages Against Latent Risks And Consider Seeking A Regulated Broker To Ensure The Safety Of Their Funds. For Traders Looking For High Returns And Willing To Take Risks, Arakkal Markets May Be An Option Worth Considering.
