About Cabana Capital
Cabana Capital states it is a forex trading broker, located in Saint Vincent and the Grenadines, which is a common location for such financial service companies that prefer to conceal their actual nature from the clients. It purports to be incorporated as the SVG Financial Services Authority (FSA). So this registration may seem official at first, but it’s worth understanding what it does and does not show.
Cabana Capital Overview
- Company Name: Cabana Capital
- Website: https://www.cabanacapitals.com/
- Address: NA
- Regulation Status: Not Regulated
- Operating Since: 2017-08-10
- Warned By: Comisión Nacional del Mercado de Valores (Spain)
No Real Regulation – Just a Registration
A further look shows that SVG FSA is not a forex broker regulator. It operates a role as a corporation registrar, but not a business register. In other words, Cabana Capital is not regulated by any financial regulatory body, investor protection concept, or compliance rule.
What is even more alarming is that the Spanish financial regulator CNMV has warned the public against Cabana Capital, because the broker does not have the necessary authorization to offer investment services in Spain. And it immediately begs questions around the legitimacy and safety of the platform.
Customer Complaints and Trust Issues
The Cabana Capital scam warnings are not limited to regulatory alarms, however. Many verified reviews from independent forums like ForexPeaceArmy suggest a rather ugly scenario:
- Already, one user has spoken of how their profits disappeared overnight one day, and got no response from the broker as to why.
- Another said withdrawal requests just kept getting delayed, and the account manager was hardly ever reachable.
- In numerous instances, users reported they had been told to pay money into local individuals’ accounts instead of using regulated payment gateways. It is not only unethical, but it may also be illegal.
Unusual Fund Transfers and Withdrawal Delays
One of the most alarming things about them is the way they handle deposits and withdrawals, most concerning in Cabana Capital’s review. Some users said they were instructed to:
- Send funds not to the broker, but to a local.
- Accept withdrawals from non-corporate bank accounts, further complicating the question of where the money goes or how to hold the company responsible.
Manipulated Trades and Vanishing Profits
Some users also say their accounts have been inexplicably messed with once they began to win money:
I won 500 dollars and 1200 dollars with two trades. I lost everything in an hour for no reason at all. The support team never explained what happened.
These reports suggest a lack of transparency, potential falsification of trade figures, and violation of trading ethics.
Online Reputation and TrustScore
Cabana Capital has a low reputation (TrustScore) of 10/100 on review websites, with a high negativity from the community. Many negative reviews with a lack of support, irresponsible practices, and withdrawal problems to vent about.
Given this and the fact that regulators have warned about them and user feedback, we know that Cabana Capital is not safe.
Been Misled by Cabana Capital? We Can Help
If you have been a victim of Cabana Capital, you don’t have to remain silent. At BrokersReviewer.com, we target scam brokers and assist you in properly preventing them.
Our platform offers:
- In-depth broker reviews explaining the risks cuntly
- Immediate notifications about flagged or unlicensed sites
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Let’s expose the wrongdoers together and create a safer trading environment for all.
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