Cabana Capitals ReviewCategory: Reviews | Author: Trading Brokers | Date: September 15, 2023
If you are interested in trading forex and CFDs online, you need to find a broker that suits your needs and preferences. Cabana Capitals is an online broker that operates globally and is regulated by the Financial Services Commission (FSC) of Mauritius. It offers various trading platforms, tools, education, markets, and account types for traders of different levels and preferences. However, not all brokers are honest and fair, and some may have hidden fees, poor customer service, or limited accessibility. Therefore, it is vital to conduct a thorough and unbiased review of any broker before deciding to trade with them. In this article, we will review Cabana Capitals and provide our verdict on whether it is a reliable and reputable broker to trade with.
Pros & Cons
- Offers local transfer options for traders in specific regions, such as Nigeria, Ghana, Kenya, Tanzania, Uganda, and South Africa
- Does not charge any fees for deposits and withdrawals
- Supports the popular MetaTrader 4 and MetaTrader 5 platforms, which are reliable and user-friendly
- Offers free trading signals, social trading, PAMM services, promotions, and contests for its clients
- Accepts Bitcoin as a deposit method, allowing traders to fund their accounts using the decentralized and widely recognized digital currency
- Has received some negative feedback from customers who have experienced issues with withdrawals, customer service, and geographic restrictions
- Lacks transparency and information on the website about the trading conditions, fees, and policies
- Has an offshore registration that may pose a higher risk of fraud or scam
Cabana Capitals positions itself as a forex broker, touting its status as a genuine ECN broker. It asserts to provide traders with access to an extensive array of trading instruments, multiple trading platforms, and what it claims to be the best trading conditions in the market. The company highlights its commitment to offering low spreads, zero swaps, and no commissions, aiming to create a competitive edge in the trading industry.
Cabana Capitals takes pride in its multi-regulated status, holding licenses in South Africa under the name of Gao Financial Services (Pty) Ltd, along with a Financial Service Provider (FSP) license number. However, the regulatory status of Cabana Capitals has been a subject of contention, with conflicting reports casting doubt on whether it is genuinely regulated. More on that later.
Traders considering Cabana Capitals can access the popular MT4, MT5, and MT Mobile forex trading platforms, providing them with versatile options for their trading activities. The broker offers an impressive range of over 50 forex trading instruments, further enhancing its appeal to traders seeking diverse trading opportunities.
To address concerns about data security, Cabana Capitals places a strong emphasis on safeguarding clients’ personal information. It follows stringent security standards and employs the latest security technologies to ensure the protection of clients’ data.
It’s important to note that Cabana Capitals refrains from offering its services to residents of the EU Region, USA, Canada, Belgium, India, and FATF Black Listed Countries, raising potential compliance issues in these regions.
Cabana Capitals presents itself as a forex broker regulated in South Africa under the name of Gao Financial Services (Pty) Ltd, holding a Financial Service Provider (FSP) license number. The company places significant emphasis on the safety and security of its client’s funds, asserting that it adheres to global practice and international regulation standards to ensure the protection and exclusivity of clients’ assets. Cabana Capitals is equally dedicated to safeguarding clients’ personal data by implementing stringent security standards and utilizing state-of-the-art security technologies.
However, it’s crucial to note that Cabana Capitals does not extend its services to residents of the EU Region, USA, Canada, Belgium, India, and FATF Black Listed Countries. This exclusion raises concerns as it suggests that the broker might not be in compliance with the regulatory requirements of these jurisdictions, potentially posing increased risks for traders within these areas.
Adding to the complexity, there are conflicting reports regarding Cabana Capitals’ regulatory status. While some sources affirm the company’s regulation in South Africa, others contend that it lacks regulation by any financial authority. This disparity leads to confusion and uncertainty for potential customers seeking to validate the broker’s legitimacy and reputation. Consequently, it prompts questions about the transparency and integrity of the company and its offered services.
In light of these factors, it is of utmost importance for traders to conduct their own thorough research and due diligence before considering an investment with Cabana Capitals or any other forex broker.
Platforms & Tools
Cabana Capitals offers its clients the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are popular choices among traders worldwide. The MT4 platform is known for its user-friendly interface, advanced charting capabilities, and a wide range of trading tools and indicators. It also allows traders to use Expert Advisors (EAs) for automated trading strategies. The MT4 platform can be accessed through desktop, web browser, or mobile devices, and supports six different account types with varying spreads, leverage, and minimum deposits. The MT4 platform is suitable for trading in forex, metals, commodities, and indices CFDs.
The MT5 platform is an upgraded version of MT4, with more features and functionalities. It enables trading in forex, metals, commodities, indices, and stocks CFDs. It also offers more order types, timeframes, indicators, and graphical objects. Moreover, the MT5 platform has a built-in economic calendar, market-depth insights, and a strategy tester. The MT5 platform can also be accessed through desktop, web browser, or mobile devices.
In addition to these platforms, Cabana Capitals provides some useful tools and resources on its website, such as:
- Social Trading: Cabana Capitals offers social trading services through Myfxbook, which is a platform that connects traders and allows them to share their trading strategies and performance. Traders can copy the trades of successful traders or offer their own trades for others to follow. Social trading can help traders to learn from each other and improve their trading skills.
- Trading Signals: Cabana Capitals offers free trading signals from the MQL5 Community, which is a network of professional traders that share their trading ideas and strategies. Traders can access these signals through the MT4 and MT5 platforms and follow them to enhance their trading performance.
- Market News: Cabana Capitals provides the latest market news and analysis from reputable sources like Reuters and Trading Central. This wealth of information helps traders to understand market movements and the factors influencing their trades.
- Economic Calendar: A comprehensive economic calendar displayed on the Cabana Capitals website shows upcoming economic events and indicators that might affect trading. The calendar allows traders to filter by date, country, currency, impact, and category to refine their insights.
- Trading Calculators: Cabana Capitals offers a range of calculators on its website, catering to different trading needs. These include margin calculators, pip value estimators, swap calculators, profit calculators, and currency converters. These tools help traders to calculate trading costs and potential profits accurately.
Cabana Capitals has a comprehensive education section on its website, which covers various topics related to forex and CFD trading. The education section includes:
- Articles: These are informative and concise articles that explain the basic concepts and terms of forex and CFD trading, such as currency pairs, pips, lots, leverage, margin, spreads, commissions, swaps, rollovers, and more. The articles also introduce the different types of trading orders, analysis methods, strategies, and risk management techniques.
- Videos: These are short and easy-to-understand videos that demonstrate how to use the MT4 and MT5 platforms for trading. The videos show how to install, log, customize, and navigate the platforms, as well as how to place, modify, and close orders, use indicators and EAs, analyze charts, and access trading signals.
- Webinars: These are live and interactive sessions that are conducted by experienced traders and educators. The webinars cover various topics related to forex and CFD trading, such as market trends, technical analysis, fundamental analysis, trading psychology, and more. The webinars also allow the participants to ask questions and get feedback from the experts.
- E-books: These are downloadable and printable books that provide in-depth knowledge and guidance on forex and CFD trading. The e-books cover topics such as the history of the forex market, the advantages of forex trading, the factors that influence the currency prices, the different types of trading styles and strategies, the common mistakes and pitfalls to avoid, and more.
Cabana Capitals’ education section and webinars aim to help traders of all levels and preferences to learn more about forex and CFD trading and improve their skills and confidence in the market.
Cabana Capitals is an online broker that offers a variety of trading instruments to its clients. According to its website, Cabana Capitals allows traders to trade in the following markets:
- Forex: Cabana Capitals offers over 60 currency pairs, including major, minor, and exotic pairs. Forex trading involves buying and selling currencies based on their exchange rates. Forex is the largest and most liquid market in the world, with daily trading volume exceeding $6 trillion.
- Metals: Cabana Capitals offers CFDs on four precious metals: gold, silver, platinum, and palladium. CFDs are contracts that allow traders to speculate on the price movements of an underlying asset without owning it. Metals are considered safe-haven assets that can hedge against inflation and market volatility.
- Commodities: Cabana Capitals offers CFDs on six commodities: crude oil, natural gas, Brent oil, coffee, sugar, and cocoa. Commodities are raw materials that are traded on physical or futures markets. Commodities are influenced by supply and demand factors, as well as geopolitical and environmental events.
- Indices: Cabana Capitals offers CFDs on 15 global stock indices, such as the S&P 500, the Dow Jones, the Nasdaq 100, the FTSE 100, the DAX 30, and the Nikkei 225. Indices are baskets of stocks that represent the performance of a specific market or sector. Indices are popular among traders because they offer exposure to a diversified portfolio of companies with a single trade.
Cabana capitals is a forex broker that offers a variety of trading account options to suit the needs and preferences of different traders. Whether you are a beginner or an expert, you can find an account that matches your trading style and goals. Cabana capitals has two main categories of accounts: Standard and Trader. Each category has different subtypes of accounts, with different features and benefits. Let’s take a look at each category and its subtypes in more detail.
The Standard account category is ideal for those who are new to forex trading or who want to trade with low risk and minimal investment. The Standard account category has three subtypes of accounts: Active, Standard, and Premium.
- Active account: The Active account is the most affordable option in the Standard account category, with a minimum deposit requirement of only $10. This account offers a leverage of up to 1:500 and access to over 50 trading instruments, including forex, metals, indices, and commodities. The Active account has variable spreads starting from 1.5 pips.
- Standard account: The Standard account is the next option in the Standard account category, with a minimum deposit requirement of $50. This account offers a leverage of up to 1:400 and access to over 70 trading instruments, including forex, metals, indices, commodities, and cryptocurrencies. The Standard account has variable spreads starting from 1.2 pips.
- Premium account: The Premium account is the most advanced option in the Standard account category, with a minimum deposit requirement of $100. This account offers a leverage of up to 1:300 and access to over 100 trading instruments, including forex, metals, indices, commodities, cryptocurrencies, and stocks. The Premium account has variable spreads starting from 0.9 pips.
The Trader account category is designed for those who are more experienced in forex trading or who want to trade with higher risk and potentially higher returns. The Trader account category has three subtypes of accounts: Trader, Elite, and Raw ECN.
- Trader account: The Trader account is the basic option in the Trader account category, with a minimum deposit requirement of $250. This account offers a leverage of up to 1:200 and access to over 150 trading instruments, including forex, metals, indices, commodities, cryptocurrencies, stocks, and futures. The Trader account has variable spreads starting from 0.6 pips.
- Elite account: The Elite account is the intermediate option in the Trader account category, with a minimum deposit requirement of $500. This account offers a leverage of up to 1:100 and access to over 200 trading instruments, including forex, metals, indices, commodities, cryptocurrencies, stocks, futures, and options. The Elite account has variable spreads starting from 0.4 pips. Additionally, this account offers VIP support and exclusive trading tools.
- Raw ECN account: The Raw ECN account is the most advanced option in the Trader account category, with a minimum deposit requirement of $1,000. This account offers a leverage of up to 1:50 and access to over 250 trading instruments, including forex, metals, indices, commodities, cryptocurrencies, stocks, futures, options, and bonds. The Raw ECN account has variable spreads starting from 0.0 pips. Moreover, this account offers the best trading conditions and the tightest spreads available on the market.
Cabana Capitals offers a diverse range of payment methods for both deposit and withdrawal transactions, ensuring convenience and flexibility for its clients. Traders can choose from the following methods:
- E-wallets: Cabana Capitals supports popular e-wallet services such as Neteller, Skrill, Paytrust, and Perfect Money. These methods are fast, secure, and easy to use. The minimum deposit and withdrawal amount for e-wallets is $10, and there are no fees charged by the broker. However, traders should be aware of the possible fees charged by the e-wallet providers.
- Cryptocurrencies: Cabana Capitals accepts Bitcoin as a deposit method, allowing traders to fund their accounts using the decentralized and widely recognized digital currency. Bitcoin transactions are anonymous, transparent, and irreversible. The minimum deposit amount for Bitcoin is $10, and there are no fees charged by the broker. However, traders should be aware of the possible fees charged by the Bitcoin network and the volatility of the cryptocurrency market.
- Bank wire transfer: Cabana Capitals supports traditional bank wire transfers for both deposits and withdrawals. This method is reliable and secure, but it may take longer to process than other methods. The minimum deposit and withdrawal amount for a bank wire transfer is $10, and there are no fees charged by the broker. However, traders should be aware of the possible fees charged by their banks or intermediary banks.
- Local transfer option: Cabana Capitals offers local transfer options for traders in specific regions, such as Nigeria, Ghana, Kenya, Tanzania, Uganda, and South Africa. This method allows traders to fund their accounts using their local currency and local payment methods. The minimum deposit amount for the local transfer option is $10, and there are no fees charged by the broker. However, traders should be aware of the possible fees charged by their local payment providers.
To initiate transactions, log in to your Cabana Capital account and visit the “Deposit/Withdrawal” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and bank involved.
Cabana Capitals is an online broker that offers a variety of trading account options, payment methods, trading instruments, and educational resources to its clients. It supports the popular MetaTrader 4 and MetaTrader 5 platforms, which are reliable and user-friendly. It also offers free trading signals, social trading, PAMM services, promotions, and contests for its clients. However, it is important to note that Cabana Capitals is not a regulated broker, and trading with it involves a high level of risk and uncertainty. Therefore, traders should exercise caution and due diligence before opening an account with Cabana Capitals. For more choices, we recommend you to check out our trading broker reviews, where you can find other brokers with longer track records and better regulation.