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CryptoAltum, the CFD Trading Platform With the Lowest Spreads

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Intro To CryptoAltum

CryptoAltum, a commission-free CFD trading platform that only takes deposits in cryptocurrencies, will soon launch a new website showcasing the platform’s most unique differentiators in terms of value propositions. CryptoAltum’s main showcased factors include more than 60 cryptocurrencies that users can bet against in terms of price volatility. In addition, the company offers 1:500 leverage whereas most other competitors in the space such as Plus500 and eToro offer 1:30 leverage and TradeDirect offers 1:200 leverage. These value propositions make CryptoAltum a uniquely positioned platform for users to test out.

A CFD according to the CryptoAltum website, is a “derivative instrument, whereby trading is based purely on price speculation of the underlying instrument, with no physical exchange of an asset taking place.” This allows users to profit off of correct predictions around cryptocurrency prices in a more efficient way.

CryptoAltum, as opposed to competitors such as Plus500 and TradeDirect, is not based in Australia or regulated by ASIC. This can serve as a double-edged sword. Because CryptoAltum does not currently require any KYC, theoretically any person could sign up while protecting their personal identifiable information. This also decreases the barriers to entry for users of other platforms which may need to wait for their KYC to clear. Users will not be limited to only certain platform features unless they submit more personal information similar to a typical cryptocurrency exchange.

Many CFD platforms make money on deposit or withdrawal fees. However, CryptoAltum does not charge any deposit or withdrawal fees although it does charge an overnight financing fee for positions left open overnight. The Company does not charge commissions on trades but maintains competitive, low spreads for traders, some of the lowest spreads available which are lower than CFD spreads on exchanges such as eToro.

Another thing that makes trading on CryptoAltum unique is the fact that CryptoAltum has access to multiple price quotes from different exchanges and has deep liquidity pools. In addition, support wise, CryptoAltum has a 24/7 online support desk and offers instant assistance through the live chat feature on the website, Whatsapp, Telegram, and Messenger and email here.

Additionally, the security of clients’ funds is a huge priority of CryptoAltum. The Company utilizes multi-sig cold storage to custody client funds. Strict internal procedures requiring multi-sig permissions and time-delayed access. Offline Storage is held with three different security techniques- antivirus, anti-malware, and anti-keylogging software. Private Keys are securely backed up and there are also daily backups of all company wallets.

CryptoAltum’s Sign Up Process

The sign-up process for CryptoAltum requires a full name, country of residence, and desired password without any required legal documents. Once users are logged into their client portal, users can select their base currency and default leverage level. After logging in, the user can choose from a demo or live account and then start by depositing their choice of the following cryptocurrencies:  BTC, ETH, LTC, BCH, XRP, and USDT. The minimum deposit limit is 0.0001 units for all coin types, except True USD, where the minimum deposit is 1 unit and there are zero deposit fees.

CryptoAltum also currently offers a 100% deposit bonus up to certain limits including 0.1 BTC, 4,000 XRP, 4 ETH, 2.5 BCH, 15 LTC, and 800 TUSD. CryptoAltum also offers a 50% second time deposit bonus of maximum 0.3 BTC, 10,000 XRP, 11 ETH, 7.5 BCH, 42 LTC, and 2,500 USDT. The amount is credited to the users’ MT5 trading accounts once the transfers have been made.

Once users onboard, CryptoAltum is a commission-free trading platform meaning there is no trading fee on buy and sell trades. The platform is open 24/7 for trades and uses straight-through processing (STP) to execute these trades. The platform also allows users to trade against prices for Forex, Precious Metals, and Indices.

CryptoAltum also utilizes the cutting edge MT5 platform, which they have specifically optimized for cryptocurrency trading. The MT5 platform is often a choice for advanced traders due to lightning-fast order execution, level II market depth, advanced pending order options, superior trading tools, and indicators, and advanced EA coding using MQL5.

Disclaimer: This a paid post, and should not be treated as news/advice.

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Akshay focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
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