CA Trade Capital Review – Unfathomable Risk To Investments
CA Trade Capital Review – Unfathomable Risk To Investments

A fully virtually anonymous website has little value to offer, like CA Trade Capital. At the time being they do not even accept new clients. Apparently, the fraudster prefers to sort their victims and choose them personally. There’s no location given on the site or a physical address at all. 

The US phone number may as well be fake. Not to mention there’s no word about any license at all for the service they offer. Hence the blacklists by Canadian authorities. But let’s start from the beginning. Read this CA Trade Capital review and be fully informed of the risks you take with this stranger.

Broker status:  Unregulated Broker
Regulated by:  Unlicensed Scam Brokerage
Scammers Websites: www.catradecapital.com
Blacklisted as a Scam by: FCAA, CSA
Owned by: CA Trade Capital
Headquarters Country: N/A
Foundation year: 2022
Supported Platforms: Web Trader
Minimum Deposit: $500
Cryptocurrencies: Yes (BTC, DOGE, DOT, LTC)
Types of Assets: Forex, Commodities, Crypto, Stocks, Indices
Maximum Leverage: 1:100
Free Demo Account: Not available
Accepts US clients: No

 

Is CA Trade Capital a Scam Broker?

The unimpressive website and absence of crucial data very easily point at the fact that this company is not legit. Because a license is not easily obtainable (and by this we mean the Tier 1 license) every reputable broker brags about it. The anonymous ones like this firm and, for example, offshore brokers like The Traders Domain remain silent.

Another solid proof of CA Trade Capital not being licensed is the public alerts, issued by the jurisdictional financial authorities in Canada. We’ll list them for you in the next section of this review. All in all, both of the warnings make it clear that this broker is not licensed and never was licensed by the regulators issuing the alerts. Yet, as it seems, CA Trade Capital does offer their questionable services to Canadian traders. And many others, for that matter. 

That’s why we’ve checked the registers of most influential regulators like FCA, CySEC, ASIC, BaFin and CNMV. CA Trade Capital appears nowhere. 

 In short, the company is not a company you can trust. Nothing on the website points at the possible existence of a license. Even worse, the firm gives away no reliable address and is blacklisted in Canada. Staying away is a priority.

To even think of applying for a license, a firm has to bring proof of having a certain amount of operational capital. Then they need to implement the highest security measures, among which the segregated bank accounts stand out. 

Following that, leverage is restricted to 1:30 or 1:50 for CA and US. With negative balance insurance and compensation funds, traders can invest with a piece of mind, knowing their capital is not at risk. Ultimately, transparency is crucial and CA Trade Capital shows none. They do not even respect the leverage ratio and offer it at 1:100. So think well before getting involved in this sham. 

Warnings Issued by Financial Authorities 

Our research sources show this company as most active in the Canadian areas. Alas, since they operate without an authorisation, they’ve caught the attention of the local financial institutions. For now, the two jurisdictional regulators have issued warnings against CA Trade Capital. Read all the details here:

The Opinions of Traders On CA Trade Capital 

Interestingly, if you go to the TrustPilot page for CA Trade Capital, you will find an alert. It says that the TrustPilot crew has detected a number of fake reviews on this site and has removed them. Thus, after the removal of fabricated statements, not many are left. The ones remaining clearly show the amount of discontent from the customers. Some of them say:

‘’DO NOT TRADE HERE ! DO NOT EVEN SPEAK TO ANYONE FROM HERE !’’

‘’This is a trap. First you put small amount and they will show couple positive trades to convince you to invest more. After they drain your bank by making bad decision.’’

‘’Any 5 stars are fake review. They ask for small money, they show you you can make lots of money, then they ask for a lot more money, then it is impossible to withdraw your money. Big big scam. It’s a no no’’

CA Trade Capital Platforms – A Software Comparison

What this company refers to as their trading platform is nothing more than a chart preview borrowed from the TradingView. It isn’t the first time we see an attempt one such scam makes in order to fake the existence of a terminal. Obviously, CA Trade Capital only wants to create an illusion of trading. No true buying and selling of financial instruments is happening at all. 

To avoid getting involved in such schemes, we highly recommend choosing a brokerage platform that includes premium software, like MT4, MT5 and cTrader.

What Financial Instruments Does The Platform Include?

Previewing the CA Trade Capital distribution implied the next financial instruments to be available for trading:

  • Forex (EUR/USD, GBP/AUD, NZD/CHF, USD/JPY)
  • Stocks (Bayer, Siemens, Volkswagen, Amazon, Tesla)
  • Indices (UK100, DE40, FR40, ES35)
  • Commodities (Aluminium, Copper, Cotton, Crude Oil)
  • Crypto (ADA, BCH, CAKE, ETH, ETC)

CA Trade Capital Countries Of Service

On the market for just a bit less than a year and CA Trade Capital already has their preferred areas. It seems like the swindler mostly targets English speaking clientele. However, they do not limit their victims only to that group. As the number of complaints show, there are targets from other countries, as well. So far, most of the victims come from:

  • Canada
  • Germany
  • United States

Account Options Offered by CA Trade Capital

Although perhaps fake, the offer of accounts at CA Trade Capital is still advertised as premium service. 

The packages are overly pricey compared to the industry average. And the conditions coming with buying them are unspecified and too vague to describe here. For example, spreads and leverage are only depicted as ‘’most competitive’’. The concrete numbers aren’t given, except the maximum leverage being 1:100. Either way, here are the profile types and their prices:

  • Basic – $500
  • Pro – $5 000
  • Premium – $25 000
  • Elite – $50 000

 Can a Trader Use a Demo Account?

While looking for the options to register, we’ve found no such feature that allows Demo account opening. As a matter of fact, opening any kind of account with CA Capital Trade was disabled at the time being. It implies the brokers preference to filter their victims first. 

Usually, traders should be able to get the Demo package and trade for free, while using virtual funds. Not with many fake brokers, though. Trade Capital is another fraud with a similar name and principles. They have too much to hide to allow you to be nosey with their features, so no Demo here, sir.  

Terms of Service for CA Trade Capital 

Anything remotely relating to the legal docs and perspective at the website is the short and uninformative Client Agreement doc. It doesn’t even stand as a separate document, but in the form of a short web presentation. 

It says that the company promises to protect your privacy and rights on one hand, while not allowing automated trading and using bots from your side. Nothing on the concrete conditions, obligations and processing steps. The company has left itself enough room to manipulate data and later renounce the blame completely.

Leverage, Spreads and Fees

As mentioned before while discussing the transparency problem, CA Trade Capital reveals little to no details about costs. Trading costs, maintenance fees and other charges are what every trader demands the broker to be clear about. That isn’t possible with this site. When the circumstances are such, you can expect all kinds of surprise fees and charges. It’s another way this type of fraudsters earn in the first place. 

We’ve already mentioned the leverage ratio being 1:100. The so-called CA Trade Capital platform is just a chart borrowed from TradingView. It’s a question if the parameters given there are truthful. Beginning spreads at EUR/USD are currently set at 0.00020 pips, which is unrealistic. 

What Should I Do If I Have a CA Trade Capital Problem?

The moment you start suspecting your broker of choice is working against you, take the necessary steps to secure your funds. There’s always a chance the criminal has already disappeared into thin air, so it’s crucial to react fast. 

Our dedicated team can organize a free consultation for you and offer support in taking action against scam. Use whichever way you prefer to contact us and book your free consultation today. We don’t judge and we don’t think being scammed is embarrassing. It happens to anyone and on a daily basis. That’s why reacting against such deeds can help many in the future. 

What Is CA Trade Capital?

CA Trade Capital is a fake brokerage firm without a license and completely anonymous. 

Is CA Trade Capital a Regulated Broker?

As the alerts by financial institutions suggest, this broker is not licensed. They offer their services to traders worldwide without any authorization. 

Does CA Trade Capital Have a Referral Program?

The site doesn’t explicitly say if they have this program or not, but the broker does occasionally organize bonuses, promotions and similar programs. 

Does CA Trade Capital Offer a Demo Account?

No, opening a Demo account and trading risk-free with virtual funds for a limited time isn’t available at CA Trade Capital. 

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