CB Capital Ltd is an offshore broker and it is an unreliable one. Please read CB Capital Ltd review before investing.
Website – cbcapital.eu
Official Address – Cyprus
Warned by regulating authority – Monetary Authority of Singapore (Singapore)
CB Capital Ltd Review: Introduction
CB Capital Limited is a financial advisory firm. It provides financial planning services to US citizens. A financial advisor helps you achieve your financial goals in life, like managing your investments (shares, bonds, mutual funds, EFTs, etc.), saving for retirement, marriage, children’s education, etc. To know more, read our review about CB Capital Limited review. In short draws up a financial plan for you that also includes estate planning, tax planning, purchasing home planning, paying debt planning, etc.
CB Capital Limited: Location
CB Capital Limited’s headquarter is at North Smithfield, Rhode Island. It also serves Massachusetts State. The company is supposed to be established on 14th June 2016. It is a private limited company by shares.
CB Capital Ltd Review: Regulation Status
CB Capital Limited is a brand of CB Capital Business Ltd It claims that it is regulated by CySEC (Cyprus). They offer trading in equities, currency pairs, commodities, and indices.
Cyprus is at present one of the most known forex trading hubs. Its financial regulation is well-balanced. It has a developed technology sector and a favorable tax regime. It is a part of the European Union. Therefore CySEC regulated brokers, under MiFID rules, are eligible to offer cross-border services to all member states.
Because of its regulated status, investors/traders are compensated by Investor Compensation Fund in case the broker goes bankrupt or the company is dissolved or becomes insolvent. The compensation is 20,000 Euros per person. The broker is required to maintain segregated accounts, maintain the capital of 730,000 Euros, and report transactions regularly to the commission.
CB Capital Ltd Review: Accounts Type
Account types offered by CB Capital Ltd are Classic (minimum deposit is $500, leverage 1:200), Pro (minimum deposit is $2,000, leverage 1:200), and Prime (minimum deposit is $25,000, leverage 1:50). Spreads are from 1.6 pips to 0 pips.
The minimum initial deposit for a basic trading account i.e. Classic is $500 which is too high. For mostly Cyprus-based brokers, the initial amount is very low, as low as $5. The spreads offered are very tempting.
Every regulated company should not have a leverage ratio of more than 1:30. CB Capital Limited has found a way out. For its Prime account, it has kept low leverage (Prime account) but for the other two account type, it is high (1:200).
There is no demo account to test the services of CB Capital Limited. In other words, to test the functionality of the platform, you will have to open an account, first pay then use.
CB Capital Ltd Review: Trading Platform
CB Capital claims to support MetaTrader4 and MetaTrader5 trading software. But on their website, we found we could only download only MetaTrader5. MetaTrader5 is newer version of MetaTrader4. MetaTrader5 is mostly used nowadays.
Why not open an account with CB Capital Limited?
- Its website is not working at present and is down.
- The leverage is too high.
- Spreads are comparatively high.
- No demo account to test the functionality of the platform (software).
- Their primary goal is how much the trader/investor is ready to invest. They do not talk about big-picture goals.
- No clear picture of how they approach risk factors.
- The qualifications and profiles of people handling traders’ or investors’ money are not known. Even their experience is not mentioned.
- Security of website not mentioned.
CB Capital Ltd Review: Conclusion
If you are scammed by a financial advisor, we at Scams Report help you get your money back in a legal way.
Do reach our site and get a free consultation from us for the fund recovery process. Let us know your side of the story. We are committed to fighting frauds/scams. Get your stolen/lost money from the broker. Act immediately, the earlier the better.
We hope this CB Capital Ltd Review is helpful for you.
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