Updated: 11/08/2023

Kaarat

Kaarat Review

4 / 5
102 ratings
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.22 Apr 2023
author avatar image Chad Smith

Table of Contents

Overview

Kaarat Main Features
Feature Title Feature Value
🗺️ Year Founded 2021
🏢 Headquarters Marshall Islands
⚖️ Tier-3 Licenses Yes
Minimum Initial Deposit $250
Demo Trading Yes
Leverage (EU Clients) 1 : 500
Leverage(Non-EU-Clients) 1 : 500
Average Spread EURUSD 1.2 pips
💰 Withdrawal fee No
Withdrawal Time Within 24 hours
💰 Inactivity Fee No

Kaarat is an online forex and CFD broker founded in 2021 and based in St. Vincent and the Grenadines. The broker aims to empower traders with a wide range of opportunities in the global market, offering over 1000+ tradable assets across forex, commodities, metals, shares, and cryptocurrencies.

Key Features & Benefits

  • Next-gen Trading Platform: Kaarat provides a proprietary web-based platform equipped with advanced tools and features, offering a seamless trading experience.
  • Broad Product Portfolio: Traders can access major indices such as DAX, Dow Jones, FTSE, and S&P, as well as energy markets, commodities, and global stock companies.
  • Execution Transparency: Kaarat ensures the transparent execution of trades, providing traders with confidence and trust in their trading activities.
  • Dedicated Support: The broker offers dedicated customer support, assisting traders with their queries and concerns.

What Did We Like about the Broker

Kaarat impressed us with its next-gen trading platform, which offers a user-friendly interface and advanced technical analysis tools. The broker’s broad product portfolio provides diverse trading opportunities across various asset classes, catering to different trading strategies. The transparency in trade execution is commendable, promoting a fair trading environment. Additionally, the availability of dedicated customer support ensures that traders receive timely assistance.

Account Types & Pricing

Kaarat offers four different trading accounts, each with its own set of features and benefits:

  1. Basic Account: Ideal for beginners, with a minimum deposit of $250 and access to major instruments.
  2. Standard Account: Requires a minimum deposit of $15,000 and provides access to additional instruments.
  3. Premium Account: Designed for experienced traders, with a minimum deposit of $50,000 and advanced market analysis tools.
  4. Ultimate Account: Tailored for high-end investors, with a minimum deposit of $100,000 and personalized portfolio management.

It is important to note that the minimum deposit requirements increase as you move up to higher-tier accounts, providing access to more features and benefits. However, Kaarat’s trading fees are relatively high, and the fee structure may not be transparent enough for easy cost calculation.

Trading Platforms

Kaarat distinguishes itself by offering a proprietary web-based trading platform. This platform is user-friendly, providing a seamless trading experience for both desktop and mobile users. It offers advanced charting tools, technical analysis indicators, and a variety of order types. However, it is worth noting that the platform is accessible only via a web browser and does not offer a standalone desktop or mobile application.

Customer Support & Education

Kaarat ensures that its customers receive reliable support through various communication channels, including live chat, email support, and phone support. The customer support team is well-trained and responsive, catering to the needs of traders at all experience levels.

Furthermore, Kaarat places a strong emphasis on client education. Once the minimum deposit requirement is met, traders gain access to the broker’s education center and resources. These educational materials provide valuable insights, strategies, and tools to enhance traders’ skills and knowledge.

Kaarat vs. Competitors

To make an informed decision, it is essential to compare Kaarat with its competitors in terms of safety, regulations, account types, trading platforms, fees, and customer support. While Kaarat is regulated by St. Vincent and the Grenadines Financial Services Authority (SVGFSA), it lacks major licenses from top-tier regulators. Traders should consider their own risk tolerance and preferences when evaluating the regulatory aspect.

Compared to some competitors, Kaarat may have higher CFD fees, a high minimum deposit requirement, and limited 24/7 support availability. However, its proprietary trading platform, extensive product portfolio, execution transparency, and dedicated support are notable advantages.

Conclusion

Kaarat is a legitimate online broker that offers a wide range of trading opportunities in the forex and CFD markets. With its next-gen trading platform, broad product portfolio, and dedicated support, Kaarat provides a compelling trading experience for traders of all levels.

While traders should consider the higher trading fees, minimum deposit requirements, and limited support availability, Kaarat’s commitment to transparency, education, and customer-oriented services make it a broker worth considering.

FAQs

Is Kaarat regulated?

Kaarat is regulated by St. Vincent and the Grenadines Financial Services Authority (SVGFSA).

What is the minimum deposit requirement for Kaarat?

The minimum deposit requirement for Kaarat is $250, but it increases for higher-tier accounts.

Does Kaarat offer a demo account?

Yes, Kaarat provides a demo account for traders to practice and familiarize themselves with the platform.

Sources & External Links

author avatar image
Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

Kaarat

4 / 5
102 ratings
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