Score
Crystal Ball Markets
Saint Vincent and the Grenadines|2-5 years| https://crystalballmarkets.com/
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Rating Index
Influence
Influence
D
Influence index NO.1
Bangladesh 2.61Surpassed 14.80% brokers
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 1244 94 1257
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Broker Information
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Crystal Ball Markets LLC
Crystal Ball Markets
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $300 |
| Minimum Spread | from 1.2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | (3+) BTC Bank transfer |
| Withdrawal Method | (3+) BTC Bank transfer |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $1,000 |
| Minimum Spread | from 0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | (3+) BTC Bank transfer |
| Withdrawal Method | (3+) BTC Bank transfer |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1,000 |
| Minimum Deposit | $50 |
| Minimum Spread | from 1.9 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | (3+) BTC Bank transfer |
| Withdrawal Method | (3+) Bank transfer BTC |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Crystal Ball Markets · Company Summary
| Aspect | Information |
| Registered Country/Area | Saint Vincent and the Grenadines |
| Founded year | 2-5 years |
| Company Name | Crystal Ball Markets |
| Regulation | No Regulation |
| Minimum Deposit | $50 (Micro Account), $300 (Standard Account), $1,000 (Pro ECN Account) |
| Maximum Leverage | Up to 1:1000 (Micro Account), Up to 1:500 (Standard and Pro ECN Accounts) |
| Spreads | Micro Account: Starting from 1.9 pips |
| Trading Platforms | Mobius Trader 7 |
| Tradable Assets | Currencies, Stocks/Shares, Energy, Indices, Agricultural Commodities, Metals, Cryptocurrencies |
| Account Types | Micro Account, Standard Account, Pro ECN Account |
| Demo Account | Not specified |
| Islamic Account | Not specified |
| Customer Support | 24/7 support available via email (support@crystalballmarkets.com) and phone (+44 1244 94 1257) |
| Payment Methods | Visa, MasterCard, Perfect Money, Bitcoin, Bank Transfers |
| Educational Tools | Economic Calendar, Trading Conditions, Social/Copy Trading, Market Insights |
General Information
Crystal Ball Markets is an online broker that operates in the financial markets. However, it is important to note that there is no information available regarding Crystal Ball Markets being regulated by any recognized financial authority. This lack of regulatory oversight is a significant concern as it means that the broker may not adhere to the necessary rules and regulations designed to protect investors and ensure fair market practices.
Traders can access a variety of market instruments through Crystal Ball Markets, including currencies, stocks, energy commodities, indices, agricultural commodities, metals, and cryptocurrencies. This provides a diverse range of options for traders to participate in different markets.
Crystal Ball Markets offers three live trading account types: Micro, Standard, and Pro ECN. Each account type has its own minimum initial deposit requirement and offers different leverage and spreads. Traders can choose the account type that suits their trading needs and preferences.
Crystal Ball Markets imposes certain fees, including an inactivity fee for accounts without trading activity for at least 6 months. The broker also reserves the right to charge banking fees or 10% of the withdrawal amount when a client requests to withdraw funds after a period of no trading activity. These fees should be taken into consideration when managing trading accounts and making withdrawal requests.
Deposits and withdrawals can be made through various methods, including Visa, MasterCard, Perfect Money, Bitcoin, and bank transfers.
The trading platform offered by Crystal Ball Markets is the Mobius Trader 7, which is described as a modern alternative to outdated platforms. It supports trading in various assets and offers advanced features such as AI-powered algorithmic trading. Traders can access a range of trading tools and resources, including an economic calendar, trading conditions, social/copy trading, and market insights, to enhance their trading experience and decision-making process.
Customer support is available 24/7 through email and phone. Traders can reach out to Crystal Ball Markets with their inquiries and concerns, ensuring that assistance is accessible at any time. The broker aims to provide responsive and helpful customer support to prioritize the satisfaction and assistance of their clients.
Pros and Cons
Crystal Ball Markets has its advantages and disadvantages. On the positive side, the broker offers a diverse range of market instruments for trading, including currencies, stocks/shares, energy commodities, indices, agricultural commodities, metals, and cryptocurrencies. They provide three live trading account types with varying minimum deposit requirements, leverage options.The availability of the Mobius Trader 7 platform, with its advanced features such as AI-powered trading algorithms and comprehensive technical analysis tools, adds to the appeal. Crystal Ball Markets also offers multiple deposit and withdrawal options, with support for various payment methods. Additionally, they provide customer support that is available 24/7, allowing traders to seek assistance at any time.
However, there are notable concerns regarding Crystal Ball Markets. The most significant drawback is the lack of regulation. The broker does not have valid regulatory information, which raises concerns about investor protection and fair market practices. Traders should be cautious and aware of the potential risks associated with trading on an unregulated platform. Another point of consideration is the possibility of fees, including an inactivity fee and withdrawal fees, which traders need to factor into their account management. It's important for traders to thoroughly research and assess the risks before deciding to trade with Crystal Ball Markets.
| Pros | Cons |
| Diverse range of market instruments | Lack of regulation and regulatory compliance |
| Three live trading account types | Potential fees, including inactivity and withdrawal fees |
| Mobius Trader 7 platform with advanced features | Higher risk of fraudulent activities or unethical practices |
| Multiple deposit and withdrawal options | Limited information and transparency about the company |
| 24/7 customer support | No regulatory protection for investors |
Is Crystal Ball Markets Legit？
Crystal Ball Markets is an online broker that operates in the financial markets. However, it is important to note that there is no information available regarding Crystal Ball Markets being regulated by any recognized financial authority. This lack of regulatory oversight is a significant concern as it means that the broker may not adhere to the necessary rules and regulations designed to protect investors and ensure fair market practices.
Market Instruments
Crystal Ball Markets offers a range of market instruments for trading. Here are some of the main categories:
1. Currencies: Crystal Ball Markets provides trading opportunities for major currency pairs such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, and more.
2. Stocks/Shares: The broker offers trading in stocks or shares of more than 40 companies, allowing investors to participate in the equity markets.
3. Energy: Crystal Ball Markets allows trading in energy commodities such as Brent Crude, WTI (West Texas Intermediate), Natural Gas, and more.
4. Indices: Major stock market indices like S&P500, US100, DE30 (DAX), and others are available for trading, enabling investors to speculate on the overall performance of the stock market.
5. Agricultural Commodities: Crystal Ball Markets offers trading in agricultural commodities like Cocoa, Cotton, Coffee, Sugar, and more, allowing investors to access the agricultural market.
6. Metals: Precious metals such as Gold, Silver, Copper, and others are available for trading, providing opportunities to participate in the metal market.
7. Cryptocurrencies: Crystal Ball Markets offers Contracts for Difference (CFDs) on popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Cardano, and more, enabling investors to trade the price movements of these digital assets.
| Pros | Cons |
| Diverse range of market instruments | Lack of regulatory oversight and potential risk |
| Access to major currency pairs and cryptocurrencies | Limited information about the company's background and transparency |
| Trading opportunities in stocks, energy, and indices | Potential challenges in accessing funds due to withdrawal fees |
| Participation in agricultural and metal markets | Higher risk of fraudulent activities or unethical practices |
| Trading CFDs on popular cryptocurrencies | No regulatory protection for investors |
Account Types
Apart from demo accounts with virtual cash of $50,000, there are three live trading accounts offered by Crystal Ball, namely Micro (best for learners), Standard (best for professionals) and Pro ECN (best for self-starters). Opening a Micro account requires the minimum initial deposit amount of $50, while the other two account types have much higher minimum initial capital requirements of $300 and $1,000 respectively.
1. Micro Account: This account type is suitable for learners and has a minimum initial deposit requirement of $50. Traders on the Micro account can enjoy maximum leverage of up to 1:1000. The account offers spreads starting from 1.9 pips. Market execution is used, and traders can utilize expert advisors, engage in scalping, and participate in news trading. 24/7 customer support is available for Micro account holders.
2. Standard Account: The Standard account is designed for professionals and requires a minimum initial deposit of $300. Traders on this account type can enjoy maximum leverage of up to 1:500. The account offers spreads starting from 1.2 pips. Market execution is used, and traders can utilize expert advisors, engage in scalping, and participate in news trading. 24/7 customer support is available for Standard account holders.
3. Pro ECN Account: The Pro ECN account is targeted towards self-starters and has a higher minimum initial deposit requirement of $1,000. Traders on this account can experience maximum leverage of up to 1:500. The Pro ECN account offers spreads starting from 0 pips. Market execution is used, and traders can utilize expert advisors, engage in scalping, and participate in news trading. Crystal Ball Markets also offers bespoke VIP account packages for deposits above $20,000. 24/7 customer support is available for Pro ECN account holders.
| Pros | Cons |
| Multiple account types catering to different traders | Higher minimum initial deposit requirements for some accounts |
| Wide range of leverage options | Limited information on additional benefits for VIP accounts |
| Ability to use expert advisors and engage in various trading strategies | No information on account-specific features or tools |
How to Open an Account？
To open an account with Crystal Ball Markets, follow these simple steps:
1. Visit the Crystal Ball Markets website.
2. Click on the “Register” button.
3. Fill in the required information, including your name, email address, phone number (including country code), password, and confirm the password.
4. Read and accept all the terms of the Client Agreement.
5. Click on the “Open a trading Account” button to complete the registration process.
Once you have completed these steps, your account with Crystal Ball Markets will be created, and you can proceed with funding your account and start trading.
Leverage
Crystal Ball Markets offers different maximum leverage ratios based on the account types. The Micro account allows for a maximum leverage of 1:1000, while the Standard and Pro ECN accounts offer a leverage of 1:500. Traders should exercise caution and avoid excessive leverage, as it magnifies both gains and losses. Crystal Ball Markets offers different maximum leverage ratios based on the account types. The Micro account allows for a maximum leverage of 1:1000, while the Standard and Pro ECN accounts offer a leverage of 1:500. Traders should exercise caution and avoid excessive leverage, as it magnifies both gains and losses.
Spreads
Crystal Ball Markets offers different spreads for its account types. The Micro account has spreads starting from 1.9 pips, the Standard account starts from 1.2 pips, and the Pro ECN account enjoys raw spreads from 0 pips. These spreads represent the difference between buying and selling prices and can impact trading costs and potential profits.
Other Fees
Crystal Ball Markets imposes certain fees to cover administrative and operational costs associated with the provision of their services. One of the fees is an inactivity fee, which is charged when there has been no trading activity on an account for a period of at least 6 months. In such cases, an inactivity fee of $5 will be applied. This fee serves as an incentive for traders to maintain an active presence and engagement with their trading accounts.
Additionally, if a client requests to withdraw funds from their account after a period of no trading activity, Crystal Ball Markets reserves the right to charge fees related to any banking transactions incurred. The specific amount will be equivalent to the banking fees associated with the withdrawal. Moreover, there is also a possibility of the broker charging a fee of 10% of the total withdrawal amount. It's important for traders to be aware of these potential fees and consider them when managing their accounts and making withdrawal requests.
Deposit & Withdrawal
Crystal Ball Markets provides various options for deposits and withdrawals to ensure a seamless trading experience. The broker accepts deposits and withdrawals through various channels, including Visa, MasterCard, Perfect Money, Bitcoin, and bank transfers.
There is no commission charged for deposits, and the minimum initial deposit requirement is $50. Deposits made through Visa, MasterCard, and Perfect Money are processed instantly, allowing traders to start trading immediately. Bitcoin deposits require approximately 24 hours for processing, while bank transfer deposits take 3-5 business days.
When it comes to withdrawals, Crystal Ball Markets charges a flat fee of $50 for each withdrawal made through Visa, MasterCard, Perfect Money, or Bitcoin. Withdrawals through these methods are processed within 24 hours or take 3-10 business days, depending on the chosen channel.Bank wire transfers are also available for withdrawals, with a flat fee of $50 and a processing time of3-10 business days.
The broker offers a range of currency options for both deposits and withdrawals, including USD and various cryptocurrencies like BTC, USDT, BCH, LTC, DASH, XRP, and ETH.
Pros and Cons
| Pros | Cons |
| Various options for deposits and withdrawals | Flat fee of $50 for most withdrawal methods |
| No commission charged for deposits | Withdrawal processing time can take 3-10 business days |
| Instant processing for Visa, MasterCard, and Perfect Money deposits | Flat fee of $50 for bank wire transfer withdrawals |
| Multiple currency options for deposits and withdrawals |
Trading Platform Available
Crystal Ball Markets offers the Mobius Trader 7 as its trading platform, which is described as the trading platform of the future. It is positioned as a modern alternative to the outdated platforms commonly used by losing traders. The platform is available for various devices, including Windows, Mac, Linux, WebTrader, iPad, iPhone, Android, and Android Tablet.
The Mobius Trader 7 platform supports trading in a wide range of assets, including Currencies, Agricultural Commodities, Metals, Energy, Stocks/Shares, Indices, Cryptocurrencies, and Options. It provides a comprehensive set of trading orders for these instruments.
One of the platform's notable features is the ability to deploy Artificial Intelligence-powered trading algorithms using JavaScript. This allows traders to automate their strategies and take advantage of algorithmic trading applications. The platform also offers a full set of technical analysis tools and indicators for comprehensive price analysis.
Other benefits of the Mobius Trader 7 platform include the ability to reverse, lock, and fix an order into quoted currency, zero slippage, an economic events calendar displayed on charts, preliminary calculation of margin requirements and tick price before placing an order, partial closure of open positions, and currency exchange between trading accounts. Additionally, the platform supports accounts in multiple base currencies, including cryptocurrencies.
| Pros | Cons |
| Modern and advanced trading platform | Lack of transparency about the platform's development and features |
| Wide range of supported devices | Potential technical issues or bugs in the platform |
| Diverse asset classes for trading | Limited educational resources or tutorials for platform usage |
| Deployment of AI-powered trading algorithms | Reliance on JavaScript programming language for automation |
| Full set of technical analysis tools and indicators | Limited customization options for user interface |
| Various order types and trading functionalities | Limited community or social trading features |
| Economic events calendar for informed trading | Possible learning curve for new users of the platform |
| Currency exchange between trading accounts | Lack of third-party platform audits or certifications |
Trading Tools
Crystal Ball Markets offers a range of trading tools and resources to enhance the trading experience of its clients.
ECONOMIC CALENDAR: Crystal Ball Markets provides an economic calendar, which is a valuable tool for traders to stay informed about upcoming economic events and announcements that can impact the financial markets. The economic calendar includes key indicators, economic releases, and important events that can influence trading decisions.
TRADING CONDITIONS: Crystal Ball Markets offers trading conditions, including leverage options, low spreads, and fast execution. These favorable trading conditions aim to provide traders with optimal opportunities to enter and exit trades efficiently.
SOCIAL/COPY TRADING: Crystal Ball Markets enables social and copy trading, allowing investors to observe and replicate the trading strategies of expert traders. This feature is beneficial for both experienced traders looking to share their strategies and beginners seeking to learn from successful traders. The platform provides tools like Multi Account Manager (MAM) and Percentage Allocation Master Module (PAMM), allowing money managers and followers to manage and copy trades easily.
MARKET INSIGHTS: Crystal Ball Markets provides market insights to help traders make informed trading decisions. These insights can include technical analysis, market commentary, trade ideas, and research reports. By accessing these insights, traders can gain valuable information and perspectives on various financial markets, assisting them in formulating their trading strategies.
These trading tools and resources offered by Crystal Ball Markets aim to empower traders with the necessary information and tools to make informed decisions and enhance their trading performance.
| Pros | Cons |
| Provides access to an economic calendar to stay informed about upcoming economic events | Lack of information about the accuracy and reliability of the economic calendar |
| Provides market insights, including technical analysis and research reports | Potential reliance on social and copy trading strategies without thorough understanding |
| Enables social/copy trading, allowing observation and replication of expert traders' strategies | Possible risk of blindly following strategies without proper assessment |
Customer Support
Crystal Ball Markets is committed to providing customer support to assist traders with their inquiries and concerns. The broker offers customer service that is available 24/7, ensuring that assistance is accessible at any time.
Traders can reach out to Crystal Ball Markets through email at support@crystalballmarkets.com. This email address serves as a direct communication channel for customers to express their questions or seek assistance from the broker's support team.
For those who prefer direct communication, Crystal Ball Markets provides a phone number, +44 1244 94 1257, which can be used to contact their customer support representatives. This allows traders to have real-time conversations and receive immediate assistance for their queries.
The company's physical address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. This information provides traders with a means to contact Crystal Ball Markets through traditional mail or visit their physical location if necessary.
Additionally, Crystal Ball Markets offers a message option on their website, where traders can leave their contact details, including their name, email address, country code, and phone number, along with their message. This allows customers to communicate their concerns or questions and receive a prompt response from one of the broker's customer care representatives.
By offering multiple contact channels and ensuring 24/7 availability, Crystal Ball Markets aims to provide responsive and helpful customer support, prioritizing the satisfaction and assistance of their clients.
Conclusion
Crystal Ball Markets is an online broker that operates in the financial markets, offering a range of trading instruments and account types. However, a significant disadvantage of Crystal Ball Markets is the lack of regulation, which raises concerns about investor protection and adherence to industry standards. On the positive side, Crystal Ball Markets provides multiple deposit and withdrawal options, a variety of trading tools and resources, and a user-friendly trading platform. Traders can access a wide range of market instruments and leverage options, but they should exercise caution due to the potential risks associated with an unregulated broker.
FAQs
Q: Is Crystal Ball Markets a regulated broker？
A: Crystal Ball Markets does not have any valid regulatory information, raising concerns about its legitimacy and investor protection.
Q: What instruments can I trade with Crystal Ball Markets？
A: Crystal Ball Markets offers trading opportunities in currencies, stocks/shares, energy commodities, indices, agricultural commodities, metals, and cryptocurrencies.
Q: What types of live trading accounts does Crystal Ball Markets offer？
A: Crystal Ball Markets provides Micro, Standard, and Pro ECN accounts, each with different minimum deposit requirements and trading conditions.
Q: How can I open an account with Crystal Ball Markets？
A: To open an account, visit the Crystal Ball Markets website, click on the “Register” button, fill in the required information, and accept the terms of the Client Agreement.
Q: What leverage is available with Crystal Ball Markets？
A: Leverage varies based on the account type, with maximum leverage of 1:1000 for Micro accounts and 1:500 for Standard and Pro ECN accounts.
Q: What are the spreads offered by Crystal Ball Markets？
A: Spreads start from 1.9 pips for Micro accounts, 1.2 pips for Standard accounts, and 0 pips for Pro ECN accounts.
Q: Are there any other fees charged by Crystal Ball Markets？
A: Crystal Ball Markets imposes an inactivity fee of $5 for accounts with no trading activity for at least 6 months. Banking fees or 10% of the total withdrawal amount may be charged for withdrawals after no trading activity.
Q: What are the deposit and withdrawal options with Crystal Ball Markets？
A: Crystal Ball Markets accepts deposits and withdrawals through Visa, MasterCard, Perfect Money, Bitcoin, and bank transfers. Different fees and processing times apply to each method.
Q: What trading platform does Crystal Ball Markets offer？
A: Crystal Ball Markets provides the Mobius Trader 7 platform, which supports trading across various devices and offers advanced features such as AI-powered trading algorithms and technical analysis tools.
Q: What trading tools and resources are available with Crystal Ball Markets？
A: Crystal Ball Markets offers an economic calendar, trading conditions, social/copy trading features, and market insights to assist traders in their decision-making process.
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