Cambrill Review: Notorious And Fraudulent Broker
If you came across the Cambrill broker while looking for a forex provider, please disregard its bogus offer. It is the trading name of Cambrill Trading Services LLC, a rogue brokerage firm that operates without a license or regulations. Likewise, it is a notorious liar telling fish stories, such as claiming to be the award-winning broker.�
Although Cambrill has not yet been formally banned, it is just a matter of time before financial authorities become aware of its fraudulent trading activities. For the time being, read our Cambrill review to avoid this investment scam.
|Unlicensed Scam Brokerage
|Blacklisted as a Scam by:
|Cambrill Trading Services LLC
|Web trader, mobile trading app
|Yes (Bitcoin, Litecoin, Ripple)
|Types of Assets:
|Forex, crypto, commodities, stocks, indices
|Free Demo Account:
|Accepts US clients:
How Fraudulent Is the Cambrill Broker?
One of the main characteristics of fraudsters is pretending to be a legitimate business. Despite spurious claims, it can quickly be ascertained whether a broker is legit or a scam. The most reliable technique to determine this is to check the registries of the relevant financial market regulator.�
According to the findings of investigations, it can be concluded that Camrill is unlicensed and unregulated. Moreover, it is owned by Cambrill Trading Services LLC, an entity based in Saint Vincent and the Grenadines. This wouldn’t be an issue if the broker were authorized. Otherwise, it raises a red flag because SVG doesn’t control its foreign exchange markets.
Cambrill is the trading name of Cambrill Trading Services LLC, registered in SVG (an offshore safe haven for scam brokers since this jurisdiction doesn’t regulate its forex providers).
In any case, the Cambrill broker is not authorized by any other financial market regulator, operating illegally and violating the law. All in all, everything claimed by this fraudster is a big fat lie.
Why Is Trading On a Licensed Broker’s Platform Preferable?
The safety of funds depends on a broker’s status. Unauthorized entities are not liable for their acts. That is why you should only deal with regulated forex providers. Furthermore, brokerage businesses certified by category-one supervisory agencies such as Australia’s ASIC, the United Kingdom’s FCA, and Germany’s BaFin are considered the most trustworthy.�
This is due to their stringent standards that safeguard traders. Some licensing criteria include minimum operating capital (e.g., the FCA requires 1.5 million GBP), negative balance protection (a trader cannot lose more than the amount deposited), and segregated accounts (your money is kept separate from a broker’s funds). On top of this, you are protected by a compensation plan in the event that a broker ceases operations (e.g., ASIC indemnifies up to 100K AUD).
What Platform Does Cambrill Provide?
When it comes to trading programs, the more quality they are, the more profitable you will be. For this reason, phony brokers falsely promise the latest technology to draw people’s attention. In the same manner, the Cambrill web trader is nothing more than manipulative trading software with insufficient functionality.�
Besides, it is only available as a browser-based platform, limiting your trading. Unlike this, advanced trading systems (e.g., MT4, MT5, cTrader, Sirix) come with cutting-edge tools (e.g., copy trading, stop loss, expert advisors), are user-friendly, and are accessible from all devices (internet-based trading platform, computer software, mobile trading app).
Trade from Mobile Devices
Aside from the web trader, Cambrill reportedly provides a mobile trading application. However, there is no trace of it. So, another dead end. In contrast, as already pointed out, modern programs are available as trading apps for Android and iPhone, enabling trading on the move. In addition, leading brokerage companies have a proprietary mobile trading app genuinely downloadable from Google Play and Apple Store.
Cambrill Awards – Company Achievements
It is difficult to conceive that a dishonest scam broker could win any industry honors. Thus, Cambrill’s awards are just as credible as this broker’s reputation. That is to say, awarding organizations are either bogus or accolades are counterfeited.�
According to the Cambrill website, it holds the Best Crypto and Forex Broker Awards, Best Platform for Margin Trading (ADVFN International Financial Awards), and Best Crypto Trading App (Forex Awards). This pack of lies is outrageous and a clear sign of how this broker is unscrupulous in its attempt to trick you.�
Cambrill Trade Range of Trading Markets
Allegedly, Cambri trading allows trade on various global markets, including the following tradable assets.
- Forex: EUR/USD, GBP/JPY, AUD/CHF;
- Crypto: Bitcoin, Ethereum, Litecoin;
- Commodities: natural gas, gold, crude oil;
- Stocks: Tesla, Ford, Amazon;
- Indices: NASDAQ, ASX200, Hang Seng 50.
Nevertheless, despite the offer of the foregoing trading instruments, Cambrill is still a shady brokerage firm that shouldn’t be trusted. All things considered, with the improper platform, unfavorable conditions, and unlicensed business, Cambrill doesn’t worth your time. For the most out of forex trading, we recommend brokers registered in the UK, Germany, or Australia.���
What Do We Know About Cambrill Account Types?
As for trading accounts, Cambrill provides no info about what account types are available on its platform. So, you can’t know the terms of exchange and minimum deposit in advance, which is unreasonable and a warning sign.�
Considering the status of this company, we are sure that its account offering is based on lies and deception to rip you off. Keep in mind that dealing with fraudsters is smoke and mirrors.
Can a Trader Use a Demo Account?
Regarding a demo account, it isn’t available at Cambrill. While on the subject, this feature allows you to try real trading without risk and costs. It also enables testing strategies, platforms, and conditions. This option is ideal for beginners and is offered by legit brokers. By comparison, scammers usually don’t provide free practice accounts because it can expose their fraudulent intention.
Details About Leverage Spreads and Fees
Speaking of trading conditions provided by Cambrill, as mentioned earlier, there are very few details about that. As a matter of fact, this bogus brokerage company only reveals its leverage ratio, which is 1:100. This is enough to realize that Cambrill doesn’t comply with any legislation.�
Although higher leverage can help you earn more, it must be treated carefully and requires knowledge. So, it is more suitable for professionals. That is why the ratio is capped at 1:30 in the EU and UK while it is 1:50 in the US. As regards other terms of exchange, they are mispresented to entice traders (e.g., ultra-low spreads, zero trading commissions).
Minimum Deposit and Withdrawal Terms
Concerning a starting deposit at Cambrill, as said, this fake broker is not transparent about it. By doing so, this financial swindler can charge for deposits as it pleases (more than is initially agreed). Likewise, the only accepted funding method is through crypto wallets since it is anonymous and hard to reverse.�
Con artists don’t support secure payment methods like credit/debit cards and wire transfers since they can be canceled. As a result, they insist on crypto payments. Other than that, the withdrawal procedure is obscure at Cambrill. In any case, there are no money withdrawal guarantees with scammers.
One of the hallmarks of every trading scam is the offer of incentives, which are prohibited in many jurisdictions like the EU and UK due to misuse. Namely, thieves use generous rewards to attract traders and rope them into investing. In reality, bonus terms can be changed at the whim of a trickster. Similarly, Cambrill offers an affiliate program consisting of the following.
- Revenue: you can earn up to 70% of all tradings made by clients you introduced to Cambrill.
- Referral bonus: if you recommend Cambrill to others, you can make up to 1,250 USD/per person.
- Revenue and referral bonus: the combination thereof.
So, it is less likely that you will be able to redeem or withdraw these bonuses. For the full benefits of awards, trade with legit brokerage companies.
Scammed by Cambrill Broker? – Let Us Hear Your Story
Before moving forward, don’t trust positive Cambrill reviews on the internet. They are fabricated to lure traders. If you are among the victims of this cheater, it is vital to act fast. Notifying the relevant authorities is the first step. Also, don’t forget to warn others by leaving negative reviews about this scammer. Lastly, getting your money back is possible via a chargeback process.�����
But What Is A Chargeback?
With reference to retrieving your misappropriated funds, our chargeback specialists can help you with it. With VISA and Mastercard, cashback is straightforward; you just need to apply for a refund within 540 days. With regard to bank transactions, they can be terminated unless they are confirmed.�
However, crypto payments require professional assistance since they are difficult to be traced. For this reason, get in touch with our company for help with any kind of chargeback.
FAQs About Cambrill
What Is Cambrill?
Cambrill is an unlicensed and unregulated broker full of lies.
Is Cambrill a Scam Broker?
Yes, Cambrill bears all the hallmarks of a broker scam.
Is Cambrill Available in the United States or the UK?
Yes, Cambrill continues to render services despite lacking authorization.
Does Cambrill Offer a Demo Account?
No, Cambrill doesn’t offer a demo account since this option can expose its poor service, unfavorable conditions, and subpar platform.