Kaarat is a new forex and CFD broker established in 2021 that is based from Saint Vincent and the Grenadines. This offshore broker is trying to position itself as an ideal one-stop shop for traders of all levels and experience. While forex is the focus here, there are enough CFD instruments to give traders full advantage of the financial markets. For example, stocks and cryptocurrencies also feature prominently in the broker offerings.
As a modern broker Kaarat is following a path of innovation, which is most immediately apparent in its clean site design and the tech startup art style. It becomes even more apparent once you find that the broker is using a proprietary trading platform. Few brokers go to the trouble of breaking away from the same platforms used nearly everywhere, but Kaarat has taken that step.
The site navigation is clear, making this a good choice for new traders, and the trading platform is intuitive, giving traders’ access to what they need in a simple, yet powerful, package.
One other benefit of the site design is the clear manner in which information is presented. This makes is easier to research the broker offerings and terms. It’s also quite transparent, and keeps everything about the trading experience and the broker in the open.
The following review will go into greater detail regarding what to expect when trading with Kaarat.
· Low minimum deposit
· Supports multiple language
· Clean, intuitive design
· New broker
· No regulation
· Not available to U.S. residents
Being located in Saint Vincent and the Grenadines means Kaarat is not regulated by any third party. The brand is owned by Kaarat Ltd. And is register with operating number 26155BC2021. While the lack of regulation is a red flag to some traders, it is worth noting that many reputable brokers operate in jurisdictions where there is no regulatory presence. Thus it’s in the broker’s best interests to keep their operations clean and without any negative feedback.
Kaarat follows the usual process of offering a number of account tiers, in their case seven, with increasing minimum deposits as well as increasing features. This is a beneficial structure for traders as new traders can begin at the Basic level, which has a small minimum deposit, and increase their tier as they grow their account and increase their knowledge. Advanced traders can jump right in at the higher tiers to take advantage of the more advanced features offered.
This type of setup benefits both traders and the broker by making everything more flexible. The broker says it is committed to “making investments simple and manageable,” and this setup matches that philosophy.
Here are the account tiers and features at Kaarat.com:
· Minimum Deposit $250
· Major Instruments
· Advanced Platform
· Mobile Trading
· Leverage 1:400
· Minimum Deposit $15,000
· Minimum Deposit $50,000
· Extra Instruments Available
· Minimum Deposit $100,000
· Daily Signals
· Minimum Deposit $500,000
· Custom Instruments
· Islamic Accounts
· Wide Analysis
· Fast Execution
· Minimum Deposit $1,000,000
· No Additional Costs
· Minimum Deposit $10,000,000
· Events and Conferences
Kaarat offers all the popular asset classes that traders have come to expect when trading in CFDs. With over 1,200 different individual assets there is certainly something for every trader. The asset classes available are:
· Forex Currency Pairs – All the popular major pairs, plus a good selection of minor pairs.
· Stock Indices – Top global indices such as the S&P 500, NASDAQ, DAX, CAC 40, Nikkei 225 and more.
· Commodities – Popular metals, energies, and agricultural commodities are featured.
· Cryptocurrencies – Bitcoin and Ethereum, plus a number of smaller, but still popular cryptocurrencies.
· Global Shares – Some of the world’s most popular shares as CFDs, such as Apple, Deutsche Bank, Microsoft, and Tesla.
Clients can also take advantage of leverage as high as 1:400 on their currency trades.
Kaarat has its own proprietary trading platform, which matches the spirit of innovation at the broker. This platform is available as a downloadable desktop application, as a mobile application, or as a browser-based web platform. No matter which form chosen, the trading platform is easy to understand, versatile, and features a high degree of modularity for customization.
More experienced traders may balk at learning a new trading platform, but will soon come to appreciate the intuitive interface. New traders will benefit too as the platform is easy to learn quickly. And every trader benefits from the extreme customization available that allows the platform to be configured to match the trading styles and strategies employed by each individual trader.
No matter which terminal is chosen traders can enjoy all these features and more:
· Flexible trading system
· Professional technical analysis
· Supports all types of trade orders
· Four order execution modes
· Reliable data protection
· All types of trading operations
· Full set of trade orders
Kaarat’s website itself offers no more than a basic economic indicators calendar, which is something that can be found at hundreds – if not thousands – of other places on the web.
It is possible the broker has some educational offerings for depositing clients, but we can’t confirm that this is true. So, if you need a broker that also serves as an educational portal, and delivers research on your favorite assets, you’ll need to look elsewhere.
Kaarat offers its multi-lingual customer service on a 24/5 basis, similar to what you’ll find at most other brokers. Customer service can be contacted via an online chat function, through email, or via telephone.
If you’re looking for a broker with a modern look and feel then Kaarat will fit the bill for you nicely. Unfortunately, the same can’t be said for those who want a regulated broker. No doubt the lack of regulation is going to deter some traders from using this broker.
Otherwise, the trading platform and account options are good, as are the assets offered. All the major asset classes are represented and over 1,200 individual assets are enough for any trader to fully diversify.
We do wish there was more in the way of education and research available, however that’s not a deal breaker as both can be found elsewhere.
Overall, the broker is transparent and approachable, and those interested can easily open an account to begin testing the trading conditions at Kaarat.