Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
||Saint Vincent and the Grenadines
||Forex pairs, commodities, indices, precious metals, cryptocurrencies
||Up to 1:500
||Active, Standard, Premium accounts
|Spreads & Commissions
||Variable spreads, commissions vary by account type
||No deposit or withdrawal fees, inactivity fee after 90 days of no trading activity
||Neteller, Skrill, Paytrust, Perfect Money, Bitcoin, Bank Wire Transfer, Local Transfer
||MT4 and MT5
||24/5 support available, multiple languages supported
||Basic educational contents
*Please note that the information provided in this table is subject to change and should be verified on the official website of Cabana Capital.
Overview of Cabana Capital
Cabana Capital is a forex broker registered in Saint Vincent and the Grenadines. Since its establishment, it has been providing traders with a reliable and efficient platform to trade in forex, commodities, indices, and cryptocurrencies. With its wide range of trading instruments, traders have the flexibility to diversify their portfolio and take advantage of market opportunities.
One of the standout features of Cabana Capital is its high leverage offerings of up to 1:500. This allows traders to potentially maximize their profits, although it's important to remember that higher leverage also comes with higher risks. Nevertheless, the broker provides excellent trading conditions for traders to execute their strategies effectively.
Cabana Capital offers three types of trading accounts: Active, Standard, and Premium accounts. Each account type has its own unique features and requirements, allowing traders to choose the account that best suits their trading needs. For instance, the Active account is ideal for beginners who want to start with a smaller capital, while the Standard and Premium accounts are designed for more experienced traders who are willing to trade with a higher capital.
Furthermore, Cabana Capital provides demo accounts for traders who want to practice their strategies without risking real money. Islamic accounts are also available for traders who adhere to Sharia law.
The broker's 24/5 support team is always available to assist clients with any issues or questions they may have. The trading platform is also available in multiple languages, making it accessible to traders from around the world.
Is Cabana Capital legit or a scam？
Cabana Capital is registered in Saint Vincent and the Grenadines as an International Business Company (IBC). As an IBC, the broker is not subject to the same level of regulatory oversight as brokers that are licensed by major financial authorities such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). Trading with an unregulated broker carries higher risks, as there is no external authority to oversee the broker's operations or ensure that it operates in a fair and transparent manner.
Pros and Cons
Cabana Capital offers a range of pros and cons that traders should consider before choosing to trade with them. On the positive side, the broker offers competitive trading conditions, including tight spreads and high leverage of up to 1:500. Additionally, traders can choose from a variety of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies, allowing them to diversify their trading portfolio.
On the negative side, Cabana Capital is not regulated by any major financial authority, which could be a concern for some traders. Additionally, the broker charges high withdrawal fees, which could eat into profits for frequent withdrawals. Finally, the customer support offered by Cabana Capital could be improved, as some traders have reported slow response times and unhelpful support staff.
|Offers a variety of trading instruments
||Not regulated by a major financial authority
|High leverage offerings up to 1:500
||Limited educational resources and research tools
|Tiered tradiing account types
||No guaranteed negative balance protection
|Low minimum deposit requirement
||Limited payment options for deposits and withdrawals
|Demo and Islamic accounts offered
||Limited market analysis provided by the broker
|Both MT4 and MT5 supported
||No 24/7 customer support available
|Online Chat Supported
Cabana Capital offers traders a diverse range of trading instruments that span across multiple markets, giving clients access to a broad range of options to choose from. With a selection of forex pairs, commodities, indices, precious metals, and cryptocurrencies available for trading.
Forex Pairs: Cabana Capital offers a variety of forex currency pairs, including major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and AUD/USD, as well as minor and exotic currency pairs.
Commodities: The broker offers trading opportunities in various commodities, including precious metals such as gold and silver, energy products such as oil and natural gas, and agricultural products such as coffee and wheat.
Indices: Cabana Capital offers a range of indices from different markets around the world, including the S&P 500, NASDAQ, Nikkei 225, and FTSE 100.
Precious Metals: Traders can access various precious metals such as gold, silver, and platinum, allowing them to take advantage of price movements in these markets.
Cryptocurrencies: Cabana Capital also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, providing traders with exposure to the highly volatile cryptocurrency markets.
Cabana Capital provides traders with a variety of trading account options to choose from, allowing them to select the one that best suits their trading needs. There are two main categories of accounts, the Standard account and the Trader account. The Standard account offers a range of options, including the Active account, which has a minimum deposit requirement of only $10, making it an excellent option for those who are just starting in the world of forex trading. The Standard account also offers the Standard account and the Premium account, with minimum deposit requirements of $50 and $100, respectively. These accounts offer varying features, including different leverage levels and access to different trading instruments.
On the other hand, the Trader account category offers a more advanced set of account options, including the Trader account, Elite account, and Raw ECN account. The Trader account has a minimum deposit requirement of $250, and it offers traders more features, including tighter spreads, higher leverage, and access to more trading instruments. The Elite account, with a minimum deposit of $500, offers traders even more advanced features, including VIP support and exclusive trading tools. Finally, the Raw ECN account, with a minimum deposit requirement of $1,000, is designed for the most experienced traders who demand the best trading conditions and the tightest spreads.
How to open an account？
Opening an account with Cabana Capital is a straightforward process.
Then you will be taken to a registration page where you need to provide some basic information, such as your name, email address, and phone number.
Next, you will be asked to choose an account type and complete the necessary steps to verify your identity. You will also need to provide some additional information, such as your address and date of birth, to comply with the broker's anti-money laundering (AML) and know-your-customer (KYC) policies.
Once you have completed the registration and verification process, you can fund your account and start trading. Cabana Capital offers a variety of deposit and withdrawal options, including bank wire transfers, credit/debit cards, and electronic payment methods, to make it easy for you to add or withdraw funds from your trading account.
Cabana Capital offers leverage of up to 1:500 to its clients, which is considered to be high. The level of leverage offered varies depending on the type of account chosen by the client. It's important to note that higher leverage can amplify potential gains, but it also comes with increased risks. Therefore, it is crucial for traders to fully understand the risks associated with trading on margin and to use appropriate risk management strategies.
Spreads & Commissions (Trading Fees)
Cabana Capital offers competitive spreads and commissions for its various trading accounts. For the Active, Standard, Premium, and Trader accounts, the broker claims to charge no commissions. Instead, traders are subject to spreads, which are the differences between the bid and ask prices of the trading instruments. The minimum spreads start from 2.0 pips, 1.5 pips, 1.0 pips and 0.6 pips, respectively in these trading accounts.
On the other hand, for the Elite and Raw ECN accounts, Cabana Capital provides tight spreads starting from 0.0 pips. These accounts offer direct market access and faster execution. However, it's important to note that there is a commission associated with these account types. Traders using the Elite account are subject to a commission of $7 per lot traded, while those with the Raw ECN account are charged a commission of $5 per lot traded.
Cabana Capital does not charge any deposit or withdrawal fees. However, there are some non-trading fees to be aware of, such as inactivity fees. If an account is inactive for a period of three consecutive months, a fee of $10 per month will be charged. Additionally, there may be fees associated with certain payment methods, such as bank transfers or credit card payments. These fees are typically charged by the payment processor and not by Cabana Capital itself.
It's important to note that the specific fees and charges may vary depending on the payment method and the location of the client. Therefore, it's recommended to check with Cabana Capital's customer support team or review the broker's website for the latest information on non-trading fees. It's also worth noting that some non-trading fees may be waived for clients with higher account balances or more frequent trading activity.
Cabana Capital 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 provides traders with the ability to execute trades quickly and efficiently, monitor market movements in real-time, and access a comprehensive suite of analytical tools.
With the MT4 platform, traders can customize their trading experience by using expert advisors (EAs) for automated trading, implementing various order types, and utilizing advanced risk management tools. The platform is available for desktop download, as well as web-based and mobile versions, allowing traders to access their accounts and trade from anywhere, at any time.
In addition to the MT4 platform, Cabana Capital also offers the MetaTrader 5 (MT5) platform. MT5 is the successor to MT4 and offers enhanced features and functionalities, including more advanced charting tools, additional order types, and an improved programming language for developing custom indicators and trading robots. The MT5 platform is particularly suitable for traders who require advanced analysis and execution capabilities.
Both the MT4 and MT5 platforms provided by Cabana Capital are highly regarded in the industry for their stability, reliability, and extensive range of features. They cater to the needs of both beginner and experienced traders, offering a seamless trading experience and access to a wide range of financial instruments and markets.
To ensure traders get the best out of their trades, the broker provides traders with a range of useful trading tools, including an Economic Calendar, Technical Analysis, and more.
Deposits and Withdrawals
The minimum deposit is $10. Cabana Capital offers a diverse range of payment methods for both deposit and withdrawal transactions, ensuring convenience and flexibility for its clients. Traders can choose from popular e-wallet services such as Neteller, Skrill, Paytrust, and Perfect Money. For those who prefer cryptocurrencies, Cabana Capital accepts Bitcoin as a deposit method, allowing traders to fund their accounts using the decentralized and widely recognized digital currency. Additionally, the broker supports traditional Bank Wire Transfer for both deposits and withdrawals. Cabana Capital also offers local transfer options, which can be beneficial for traders in specific regions. It's important to note that the account currency may vary depending on the chosen payment method, allowing traders to operate in their preferred currency. Cabana Capital does not charge any deposit fees.
Cabana Capital does not charge any fees for deposits and withdrawals. Most deposits and withdrawals can be processed instantly. More details can be found in the below screenshots.
Withdrawal fees and withdrawal timeframes can vary depending on the specific policies and procedures of Cabana Capital. While the broker claims not to charge any withdrawal fees, it is important for traders to review the terms and conditions or contact customer support for the most accurate and up-to-date information. Withdrawal timeframes can also differ based on various factors such as the chosen payment method, account verification requirements, and the volume of withdrawal requests at any given time.
Traders can engage with the customer support team through live chat for instant responses to their queries and concerns. Additionally, email support is available for those who prefer written communication or have detailed inquiries.
In addition to these traditional channels, Cabana Capital also maintains a presence on popular social media platforms such as Facebook, YouTube, and Twitter. Traders can follow the broker's official pages to stay updated with the latest news, educational content, market insights, and announcements.
To ensure that traders have access to basic guidance and answers to commonly asked questions, the broker has prepared a dedicated FAQ section. This carefully curated section serves as a valuable resource for traders, offering them a wealth of information and addressing various aspects of trading, account management, platform usage, and more.
To support traders of different levels, the broker provides a diverse range of educational resources. These resources include educational content tailored to beginners, intermediate traders, and advanced professionals. Additionally, the broker offers analytical tools and indicators that enable traders to analyze market trends, identify trading opportunities, and make data-driven decisions.
In conclusion, Cabana Capital is a forex broker registered in Saint Vincent and the Grenadines, offering a wide range of trading instruments across various markets. With competitive leverage options up to 1：500, traders have the potential to amplify their trading positions. The broker provides different account types to cater to the diverse needs of traders.
However, it is important to note that Cabana Capital is not regulated by any recognized regulatory authority. In this case, traders should exercise caution and carefully consider the potential risks involved when trading with an unregulated broker. Additionally, while Cabana Capital provides educational resources for traders of different levels and access to market analysis, the extent and depth of these resources may be limited compared to some other brokers in the industry.
Frequently Asked Questions (FAQs)
||Is Cabana Capital regulated？
||No. It has been verified that Cabana Capital currently has no valid regulation.
||At Cabana Capital, are there any regional restrictions for traders？
||Yes. Cabana Capital does not provide services for residents of the EU Region, USA, Canada, Belgium, India and FATF Black Listed Countries.
||Does Cabana Capital offer demo accounts？
||Does Cabana Capital offer the industry-standard MT4 & MT5？
||Yes. Both MT4 and MT5 are available at Cabana Capital.
||What is the minimum deposit for Cabana Capital？
||The minimum initial deposit to open an account is $10.
||Is Cabana Capital a good broker for beginners？
||No. Cabana Capital is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations. Take care!