KAMA Capital (kama-capital.com) is a Forex and CFD broker that offers trading opportunities in many financial markets such as Forex, Indices, CFDs, Futures, Commodities, and Precious Metals. KAMA Capital allows its clients to trade on the MT5 trading platform with competitive spreads of 0.0 pips and with a leverage of up to 400x. Nevertheless, KAMA capital has had a somewhat tarnished reputation among traders and finance experts.
Regulation and Safety Concerns
KAMA Capital says it is regulated by the Mauritius Financial Services Commission (FSC) under license number GB 22200704; however, this is an offshore regulation and provides a great deal less protection than that afforded by respected financial regulators such as the FCA or SEC. The second unresolved issue is the domain of the broker, which has not been verified. Traders should think twice before putting any funds in this broker.
Trading Features and Platform
The presence of KAMA Capital on one of the most popular MT5 platforms is another addition to its many advantages. MT5 with its extensive charting tools, multiple order execution methods, and support for automated trading strategies, is what most professional traders will find attractive. KAMA Capital offers other trading facilities: different account types, a demo account, and 24/5 service.
Negative Reviews and Complaints
Negative experiences with KAMA Capital have been reported by a number of traders, especially on sites like Trustpilot and WikiFX. Some of the most common complaints include:
- Fraudulent activities: Clients have blamed the broker for participating in scams and fraudulent practices.
- Account manipulation: Traders accuse KAMA Capital of closing their trades without notice, leading to huge losses.
- Deposit pressure: Clients accuse representatives of pressuring them to make more deposits, only to subsequently face account liquidation.
- Withdrawal problems: Multiple traders have raised complaints that they faced hurdles in withdrawing funds, some claiming that withdrawals were entirely denied.
- Unhelpful customer support: Several reviews mention the non-responsiveness or unhelpfulness of customer care staff, which added to traders’ frustrations.
Key Considerations for Traders
Before opening an account with kama-capital.com, the following precautions should be taken by traders:
- Independent Research: Confirm the broker’s assertions, regulatory status, and customer reviews from various sources.
- Small Deposit: To reduce risk, start trading with a small deposit to gauge the reliability of the platform and withdrawal process.
- Alternative Options: Look into well-established brokers that provide stronger regulatory protection, improved customer support, and a wider variety of trading instruments.
Is KAMA Capital Legit?
While KAMA Capital has a typical list of trading functions, the absence of open regulation, withdrawal complications, and several allegations of scamming make it a risky option for investors. Having an offshore license does not do much to guarantee fund protection, and there are several complaints from users indicating possible red flags.
Take Action Today
Scams Report, an authentic online portal for revealing scams, has reviewed KAMA Capital (kama-capital.com) and deemed it to be a matter of concern. The website is an expert in detecting brokers that show red flags typical of scams, i.e., uncertain regulation, suspicious practices, or concealed policies.
Scams Report also assists victims of internet scams such as forex trading scams, cryptocurrency scams, social media scams, and internet dating scams with free consultation and advice on recovering funds.
If you have experienced difficulties with KAMA Capital or any other broker, our specialists are here to assist you in taking the first step toward recovering your funds.
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