Cabana Capitals is an online forex CFD broker registered in Saint Vincent and the Grenadines. This broker offers a variety of trading products and services, including forex, stocks, CFDs, and crude oil trading, with its trading software including MT4 and MT5. Cabana Capitals offers leverage up to 1:500, with its spread and commission structures varying according to the type of account selected.
Regulatory and Registration Information:
The official domain of Cabana Capitals was registered on August 10, 2017. Cabana Capitals is registered in Saint Vincent and the Grenadines with the registration number 24185 IBC 2017. Despite Cabana Capitals' claim of being registered with the SVG FSA, the SVG FSA does not license or regulate forex brokers. Therefore, the broker currently lacks effective regulation.
Cabana Capitals claims to be regulated by the Financial Services Commission (FSC) of Mauritius, with the regulatory license number GB22200748. However, Mauritius' regulatory license is considered offshore and may not provide the same level of investor protection as onshore regulation. Investors should be aware of the risks related to offshore regulation and carefully assess its regulatory status to ensure trading safety before using Cabana Capitals' services.
Trading Products:
Traders have access to a diversified set of investment tools, including over 60 currency pairs, precious metals such as gold and silver, commodities like oil and natural gas, and indices from the world's major markets. This diversity allows traders to diversify their investment strategies across different asset classes.
Trading Software:
Cabana Capitals offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, catering to the needs of traders from beginners to those with extensive experience. Cabana Capitals' MT4 and MT5 support desktop, web, and mobile versions.
Spreads and Leverage:
The broker offers competitive spreads and leverage options, with leverage ratios of up to 1:500, providing traders with the potential to magnify their trading positions while simultaneously increasing trading risks. Depending on the chosen account type, the minimum deposit requirements and spreads also vary.
Deposit and Withdrawal Methods:
Cabana Capitals supports a variety of deposit and withdrawal methods, including mainstream credit/debit card payments, e-wallet services such as Neteller and Skrill, as well as cryptocurrencies like Bitcoin. In addition, traditional bank wire transfers and local transfers are also supported. Cabana Capitals charges no fees for deposits or withdrawals.
Account Types:
Cabana Capitals offers several account types to suit the needs of different traders, including real and demo accounts. The minimum deposit requirement for CENT ACCOUNT and STANDARD ACCOUNT is $10, and for ULTRA ACCOUNT, it's $200. Trading platform options include the widely used MT4 and MT5.
Conclusion:
As an online contracts for difference (CFD) broker, Cabana Capitals offers a variety of trading products and services. However, the broker currently does not have effective regulation, and investors should carefully evaluate the associated risks. The broker offers a minimum deposit of $10 and supports leverage ratios of up to 1:500. Currently, Cabana Capitals is marked as "Unregulated" on Traderknows.
