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. Its high leverage offerings of up to 1:500, which allows traders to potentially maximize their profits. Cabana Capital offers three types of trading accounts: Active, Standard, and Premium accounts.

Is Cabana Capital Legit or a Scam?

Cabana Capital is regulated by the Financial Services Commission (FSC) in Mauritius with a Retail Forex License and license number GB22200748.

Cabana Capital is a true ECN forex broker that offers forex and CFD trading. They provide desktop, Android, and iOS trading platforms and offer a wide range of trading tools and resources, including market analysis, educational materials, and 24/5 customer support.

Pros and Cons

Market Intruments

Cabana Capital offers traders a diverse range of trading instruments including forex pairs, commodities, indices, precious metals, and cryptocurrencies.

• 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.

Account Types

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.

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.

Leverage

Cabana Capital offers leverage of up to 1:500 to its clients, which is considered to be high.

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.

Non-Trading Fees

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.

Trading Platform

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.

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. 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.

Withdrawals

Withdrawal fees and withdrawal timeframes are different which depend 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 contact customer support for the most accurate information.

Customer Support

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.

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.

Educational Resources

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.

Conclusion

In conclusion, Cabana Capital offers multiple 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, spreads and leverage for different traders.

While this broker is more forthcoming with information and has transparent fee structures, its offshore regulatory status and the inherent risks associated with trading should be carefully evaluated.

Frequently Asked Questions (FAQs)