Based on my careful review of the available information about Carlyle, I cannot find any evidence that this firm offers ECN or raw spread accounts for forex trading, nor are there any details about commissions per lot or typical account structures you’d associate with retail forex brokers. From my experience, clarity around trading conditions—especially fees and commissions—is essential for making informed decisions. In this case, Carlyle is presented as a global investment management company specializing in private equity, credit, and investment solutions for institutional clients, not as a retail forex broker. Importantly, Carlyle operates without regulation as a retail broker and is not supervised by any financial authority such as the FCA, ASIC, or CySEC. The lack of regulation, combined with the absence of published information on spreads, leverage, minimum deposits, or commission charges, makes it impossible for me—as a trader—to evaluate their costs or compare them to the industry standards set by regulated brokers. My policy is always to exercise extreme caution with any financial entity that does not clearly disclose its trading conditions and regulatory status. For those seeking transparent forex trading accounts with clear commission structures, I would recommend established, fully regulated brokers.