In this detailed Cabana Capitals Review, we will review each aspect of the Cabana Capitals broker to see if this broker is a legit broker. Below is the summary of the Cabana Capitals Broker.
Summary
| Assets Available | 5 Asset Classes – Forex, Precious Metals, Commodities , CFD Indices and Cryptocurrencies |
| Regulated by | Financial Services Commission of Mauritius (FSC) |
| No. of Trading Platforms | 2 main trading platforms – MetaTrader 4 and MetaTrader 5 |
| Leverage | Up to 1:500 |
| Spreads | Starting at 0.0 pips depending on the account type |
| Commission | Zero commissions |
| Min Deposit | $10 minimum deposit |
| Demo Account | Yes |
| Education Provided | Basic trading education provided |
| Methods of Payment | Neteller, Skrill, Paytrust, Perfect Money, Bitcoin, Bank Wire Transfer, Local Transfer |
Top Forex Brokers
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Broker Background
Cabana Capitals is a trading brokerage provider that has clients across 79 countries. Canbana Capitals was started in 2017 and has grown rapidly. This broker is incorporated in St. Vincent & the Grenadines as an International Broker Company with the registration number 24185 IBC 2017.
Trading Platforms
Cabana Capitals provides traders with 2 main trading platforms based on the MetaTrader 4 and MetaTrader 5 trading platforms. These are great platforms for trading. These trading platforms supports windows, mac, android and IOS. Both these trading platforms provides all the necessary tools to analyse the market and execute trades. It also supports algorithmic trading as well.
Instruments Available For Trading
Cabana Capitals provides traders with 4 asset classes, Forex, Precious Metals, Commodities , CFD Indices. There are over 80 instruments among these asset classes that you can trade with Cabana Capitals.
Forex
Cabana Capitals provides you with a range of forex currency pairs that you can trade with. These include, majors, crosses and exotics.
Precious Metals
With Cabana Capitals you can trade precious metals such as gold and silver.
Commodities
There are 3 commodities that you can trade with Cabana Capitals. These are UK Brent Oil (spot), US crude Oil (spot) and US natural gas (spot).
CFD Indices
With Cabana Capitals you can trade 13 CFD pairs.
Cryptocurrencies
There are 15 cryptocurrencies that you can trade with Cabana Capitals, these include Bitcoin, Litecoin, Ethereum, Bitcoin Cash and etc.
Regulations
Cabana Capitals is regulated by Financial Services Commission of Mauritius (FSC). FSC of Mauritius is not a top tier regulator. We recommend traders to trade with broker regulated by top tier regulators such as Australian Securities and investment commission (ASIC) or Financial Conduct Authority (FCA).
Account Types
Cabana Capitals provides you with 3 different account types, these are
- Cent Account
- Standard Account
- Ultra Account
The following table shows the difference between these accounts.
| CENT ACCOUNT | STANDARD ACCOUNT | ULTRA ACCOUNT |
|---|---|---|
| Minimum Deposit – $10 | Minimum Deposit – $10 | Minimum Deposit – $200 |
| Trading Platforms – MT4/MT5 | Trading Platforms – MT4/MT5 | Trading Platforms – MT4/MT5 |
| Spreads – From 2.0 pips | Spreads – From 1.8 pips | Spreads – From 0.9 |
| Commissions – Nil | Commissions – Nil | Commissions – Nil |
| Leverage – Fixed 1:1000 | Leverage – Fixed 1:1000 | Leverage – Fixed 1:1000 |
| Instruments – Majors, Minors, Metals, Energy, US30, SP | Instruments – Majors, Minors, Metals, Energy, US30, SP | Instruments – Majors, Minors, Metals, Energy, US30, SP |
| Min/Max Volume – 0.01/100 | Min/Max Volume – 0.01/100 | Min/Max Volume – 0.01/100 |
| Order Execution – Market Execution | Order Execution – Market Execution | Order Execution – Market Execution |
| Margin call/Stop out level – 80%/50% | Margin call/Stop out level – 80%/50% | Margin call/Stop out level – 80%/50% |
| Contract Size – 1000 | Contract Size – 100000 | Contract Size – 100000 |
| Scalping – No | Scalping – No | Scalping – No |
| Expert Advisor – No | Expert Advisor – No | Expert Advisor – No |
| Maximum Trades – 100 | Maximum Trades – 100 | Maximum Trades – 100 |
Commissions And Spreads
The spreads depends on the account type. Canbana Capitals do not charge commissions. For cent account, the spreads starts from 2.0 pips. For standard account, the spreads starts from 1.8 pips and for ultra account, the spreads starts from 0.9. These spreads are high compared to other brokers. The able below shows a table comparing spreads of brokers for zero commission accounts.
| Cabana Capitals | XM | IC Markets |
|---|---|---|
| Spreads – starts from 0.9 | Spreads – starts from 0.6 | Spreads – starts from 0.8 |
Leverage
Cabana Capital provides you with a leverage of up to 1:500. This is high leverage but it can be beneficial if you are a profitable trader to have access to this amount of leverage.
Education Provided
Cabana Capitals provides you with basic forex trading education and market analysis. The following image shows some of the market analysis provided by Cabana Capitals. If you are interested in learning how to trade the forex market, check out our complete guide here.
Minimum Deposit
The minimum deposit required depends on the account type. For cent account, the minimum deposit required is $10. For standard account the minimum deposit required is $10 and for ultra account the minimum deposit required is $200.
Awards
Cabana Capitals is not an award winning broker.
Methods Of Payment (Deposit and Withdrawal)
Cabana Capitals provides a range of payment methods for both depositing and withdrawals. These include Neteller, Skrill, Paytrust, Perfect Money, Bitcoin, Bank Wire Transfer, Local Transfer.
Customer Service
Cabana Capitals provides trader with 24/5 customer support. You can contact the support mainly through phone and email.
Demo Accounts
Cabana Capitals provides you with a demo account to practice your trading.
Pros & Cons
The table below shows the pros and cons of using the Cabana Capitals broker.
| Pros | Cons |
|---|---|
| Zero Commissions | Comparatively high spreads |
| Low minimum deposit | No tier 1 regulations |
| Range of payment methods | No Awards won |
Is this broker legit?
Cabana Capitals is not regulated by a tier 1 regulator such as ASIC therefore it is hard to trust this broker. It is recommend that you trade with a broker who is regulated by a tier 1 regulator. Also, if you want a broker with lower spreads, Cabana Capital might not be the ideal choice.
Cabana Capitals Alternative Brokers
Below are some of the alternative brokers to Cabana Capitals who are regulated by top tier regulators. These brokers are more trustworthy and have a good standing reputation in the industry.
- XM Broker – Regulated by ASIC and an award winning broker
- AvaTrade – Regulated by 7 different regulators
- eToro – Regulated broker, best known for copy trading
Conclusion
In this detailed Cabana Capitals review, we reviewed each of the critical aspects of this broker. Cabana Capitals provides you with zero commission accounts but due to lack of tier 1 regulations it cannot be trusted. It is always wise to trade with a broker who is regulated by a top tier regulator, so that you can be sure that your funds are in safe hands.
