Cac400 Review Scam Complaint
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Cac400 is an offshore forex and CFDs broker. The broker is based in Estonia and owned and operated by Cherry Goose OU. The broker as well as its parent company is not regulated with any of the financial authority. In order to keep one’s money safe, one should invest with a company which is regulated. Cac400’s website also seems to be confusing and lacks a lot of necessary information about the company as well as the trading condition. Let’s look to what details are there about the broker and how authentic it is.
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About the Cac400:
Cac400 is a forex and CFD broker that offers trading in various forex currency pairs as well as CFDs on indices, commodities and stocks. The broker offers three types of accounts to its clients along with a demo account with 10000 virtual currency units. It also offers an Islamic account with no swap and overnight rollover fees. Cac400 also offers free VPS hosting to those clients who has more than $5000 in their trading accounts. The three accounts that the broker provides are Silver, Gold and Platinum with minimum deposit of $250 for its basic silver account and $20,000 for its platinum account. The minimum deposit requirement with this broker is high than the average requirement of the industry.
Cac400 offers the very popular MetaTrader 4 trading platform in web, desktop and mobile versions. MT4 has been in the industry for over a decade and is undoubtedly the most popular trading platform among the brokers as well as traders. It is very user friendly and has many features and functionalities and even offers the options for algorithmic trading and hedging. Cac400 provides a welcome promotion to its clients of up to 100% of the money deposited, depending on the type of trading account. However, there are other conditions and requirements as well that makes this promotional offer little confusing.
Is Cac400 legit or scam?
Cac400 is an Europe based unregulated broker and this gives it a major red signal as nobody wishes to open a trading account with them and handover their money to them. Cac400’s trading conditions are not very clear that lacks the broker with transparency in their working. Even, the initial minimum deposit is also high compared to other regulated brokers in the market and strangely it doesn’t accept payment through bank transfer. All these things don’t seem to have good intentions, hence this broker is not recommended at all.