Kaarat Review & Rating 2023

Kaarat is an online broker operated by Kaarat Ltd. You can trade over 1200 different products through this broker, including stocks, forex, cryptocurrencies and commodities. Kaarat's goal is to become an online brokerage where both novice and experienced traders can find satisfaction with their trading requirements.

Our evaluation of Kaarat is precise, that this broker kept the safety of its clients in mind when creating its service. The company's reputation is a sign of trust and is also effective in the fight against the influence of hackers and other influences from outside.

Kaarat Products

Kaarat offers 1200+ underlying assets, including currency, commodity, indices, crypto, energies and stocks.  

Currency Pairs

Looking for a foreign currency exchange platform that offers major and exotic currency pairs at low pricing? Kaarat offers them super-fast execution and low pricing.

Commodities

At Kaarat, they offer a wide range of commodities, including gold, silver, coffee, and wheat. 

Global Stocks

At Kaarat, they offer the opportunity to trade over 300 global shares. Traders can tap into some of the world's most popular stocks, including Tesla, Apple, Amazon, Google, and Netflix. 

Indices

Kaarat is a global financial company that provides coverage of top indices from exchanges worldwide. With Kaarat, you can select from 100+ indices products, including the CAC40, FTSE100, and DAX30. 

Cryptocurrencies

At Kaarat, they offer various cryptocurrencies for their clients to choose from. Bitcoin, Ripple, and Ethereum are just a few available options. 

Energies

Kaarat is a leading provider of energy commodities, offering a wide range of products, including Brent and WTI crude oil, natural gas, and ethanol. 

How to open an account with Kaarat?

Account opening on Kaarat is a simple process that can be completed in just a few minutes. 

Visit the website and click the "Sign Up" link. 

Then, enter your personal information, including your name, address, and date of birth. 

Once you've done this, you'll need to create a username and password. Once you've done this, you'll be able to log into your account and start using the Kaarat services. 

Kaarat Pros and Cons 

Now we will talk about the pros and cons of Kaarat. Like any other brokers, Kaarat has also advantages and disadvantages. Let's have a look. 

Pros

√ Different classes of trading products

√ Next-gen trading platform

√ The best performance for trading accounts

√ Costs and margin requirements are low.

√ Make trades on the go using our apps for native devices.

√ Good customer support

Cons

- Kaarat isn't regulated.

- No MT4 or MT5

- They do not accept clients from Iran or the USA, Iraq, and North Korea.

In the next part of our Kaarat review, we'll go over why this broker is considered secure.

Is Kaarat reliable? Let's look at trust first, as it's the hardest to determine when you're just beginning to trade. Many aspects prove that Kaarat is reliable, beginning with its flawless reputation.

While conducting this review, we did not find any Kaarat scams from people who have used the service or credible sources. In addition, the broker has an apparent website that gives clear and concise details about its trading conditions and other services.

Legal documents aren't interesting to read, but they are as easy as legal terminology. This means that Kaarat did not employ the typical shady broker strategy of making vague claims in their clauses. Fraudulent Forex brokers use this tactic to prove their future actions and to prove that Kaarat does not permit us to assume that they don't intend to scam customers.

For safety, Kaarat has solid encryption and account validators, which aid in figuring out the underlying security measures. Although these two functions appear simple, they offer security for customers who consider safety a top priority.

Kaarat is a proprietary platform designed to serve as a valuable instrument for novice and experienced traders. It has full trading capabilities and access to assets. The platform doesn't have the traditional MT4 and MT5.

The platform is highly customizable, which allows more knowledgeable traders to do business the way they want. It also has a user-friendly interface that allows you to learn to use it quickly. Overall it's more fun to use. The learning curve isn't tricky, meaning that even the most novice traders can quickly grasp how the system works.

For trading on the web, Kaarat is the best choice. Kaarat trading system is accessible as a browser version on any device.

It's important to remember that Kaarat has an app for mobile devices. The mobile application is ideal for people who spend most of their time in motion. The other two apps are more robust and perform better because of their increased processing capability.

Overall, it is clear that the Kaarat trading system is above the standard market platforms due to its super-fast execution, easily accessible platform, and helpful market tools.

Kaarat provides seven different accounts for traders of all backgrounds. For beginners, they have Basic, Standard, Premium, and Ultimate accounts. And VIP and Pro traders have Gold, Platinum, and VIP accounts.

Furthermore, Kaarat's accounts are available at the most comfortable and affordable cost range. The account features are optimized and well-organized, so novices won't have to learn the intricate methods from the beginning.

Basic Account 

At Kaarat, they offer a variety of account types to suit the needs of every trader. Their Basic Account is ideal for those just starting on their trading journey. With a minimum deposit of just $250, it provides access to all major instruments and our advanced trading platform and mobile app. Moreover, with a leverage of 1:400 and free educational resources, the Basic Account gives beginner traders everything they need to get started. 

Standard Account 

Kaarat's Standard Account is designed for experienced traders looking for an advanced platform with a wide range of features. The minimum deposit is $15,000, and major instruments include forex, CFDs, and metals. Leverage is up to 1:400, and mobile trading is available. Education is free, and account holders can access a dedicated account manager. Kaarat's Standard Account provides everything traders need to take their trading to the next level.

Premium Account 

Kaarat's Premium account is designed for traders looking for an advanced trading platform with extra instruments and features. The minimum deposit for this account is $50,000, and traders can enjoy the leverage of up to 1:400. Kaarat offers free education to all Premium account holders, helping them stay up-to-date with the latest market developments. Mobile trading is also available, allowing traders to stay connected to the market even when they are on the go. With its competitive terms and conditions, Kaarat's Premium account is an ideal choice for serious traders looking to take their trading to the next level.

Ultimate Account 

If you're looking for an advanced trading platform with plenty of extra features, Kaarat's Ultimate Account is a great option. You'll need a minimum deposit of $100,000 to open an account, but you'll get access to extra instruments, an advanced platform and mobile trading. You'll also be able to take advantage of the leverage of 1:400 and free education from Kaarat. Plus, you'll receive daily signals to help you make the most of your trading. 

Gold Account 

Kaarat's Gold Account is the perfect way to trade financial assets. With a minimum deposit of $500,000, you can leverage your investment at 1:400. You'll also have access to broad analysis and fast execution. Best of all, there are no additional costs associated with the account.

Platinum Account 

At Kaarat, they offer a range of account types to suit every investor. Their Platinum Account is designed for high-net-worth individuals, with a minimum deposit of $1,000,000. This account provides access to custom instruments, comprehensive analysis, fast execution, and leverage of 1:400. It also offers Islamic conditions for Muslim clients. With this account, you'll enjoy all the benefits of being a Kaarat client with no added costs. 

VIP Account 

As a high-net-worth individual, you demand the best for your banking needs. That's why Kaarat offers VIP account, designed specifically for clients with complex financial portfolios. With a minimum deposit of $10 million, this account provides you with exclusive access to custom instruments, world-class analysis, and exclusive events and conferences. Complying with Islamic law, VIP account meets all the necessary conditions for swap free trading. With a leverage of up to 1:400, this account gives you the power to take your finances to the next level.

Many prefer to trade cryptocurrency using CFDs since this option allows you to sell short and earn a profit, even if the price drops. A volatile cryptocurrency market such as this is very suited for CFD trading.

With that in mind, Kaarat offers Bitcoin, Ethereum, and Ripple and a variety of other highly profitable digital currencies, which can be traded in only a few clicks on the platform.

The price you pay for trading is crucial when selecting a broker of your preference. The amount a broker charges you directly affect the amount you earn and, ultimately, your level of success in trading.

This is because your selection of brokers should be those which don't cost a lot for their services.

Kaarat is definitely among these brokers as the trading costs are very low compared to other brokers. We mentioned earlier that Kaarat offers eight types of accounts, each with an initial investment of $25.

This is a fantastic starting point and allows new traders to start their journey without investing too much. But, once you begin trading, the cost of trading isn't as high because the broker finances itself through spreads.

Spread refers to the gap in an investment's purchase and selling prices.

Spreads are popular with customers because they don't cost the same amount as percent or flat fees. They reduce the cost of trading evident, and the experience of trading is more enjoyable and profitable.

Deposit and Withdrawal

Kaarat broker offers a variety of primary and reliable options for funding your account. You can make deposits via Visa/Mastercard, an e-wallet or wire transfer.

It is necessary to use the same process for both the process of funding and withdrawal. The time required to withdraw depends on the method you use. If you're using a credit card, it's quick, and you'll be able to receive the cash within a couple of hours. If you're making an electronic transfer to a bank, the process will take about 5 business days.

Kaarat shows its superiority through its cost-effective services. Kaarat's broker reduces the maximum costs for traders to make their experience more enjoyable. There are no additional charges when withdrawing funds. However, these costs could appear on the bank's side.

A good customer service experience is essential in determining the broker's overall quality. The more professional the support and knowledge of particular issues, the better the positive impression the broker will leave on its clients.

When it comes to Kaarat, their customer service team is available 24/5 through live chat, phone and email. The website is accessible in several different languages, including English, Portuguese, Arabic, Azerbaijan, Turkish, French, Spanish, German, and Thai.

This variety of language support is impressive as newer brokers only offer solutions in English.

The service is quick and helpful. Overall, we're pleased with the speedy and responsive Kaarat customer service.

Phone: +18009428236

Email: support@kaarat.com

Is Kaarat regulated? Unfortunately, this brokerage firm hasn't yet been listed with any regulator. On the other hand, the Kaarat website has legal documents available to all under the Company section. They are located under Legal Docs.

Although the lack of a forex license alone can cause anxiety, it doesn't necessarily mean that Kaarat is a fraud or a shady broker.

What should you consider when choosing Kaarat? Although this online brokerage isn't regulated, some factors that tell us that  Kaarat is good. It begins with the fact that Kaarat is safe as there aren't any fraud reports about Kaarat.

Additionally, there isn't a Kaarat review which addresses the possibility that hidden costs, such as fees, are employed there. So, if you're an investor, you can put your trust in this new online brokerage here.

If you're looking to invest in the stock market, digital currency or indices, Kaarat can be the right spot for you.