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Global Broker Regulation & Inquiry App
No Regulation
Score
0123456789
.
0123456789
0123456789
/10
CAMTRADE
Australia|2-5 years| White label MT4|Regional Brokers|High potential risk|
https://camtrade.io/?lang=en
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
CamTrade-Demo MT4
Server Location 
United States
United StatesContact
+442031505124
info@CamTrade.io
https://camtrade.io/?lang=en
80 Fulham Rd, London, England
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
English
+442031505124
Broker Information
More
Company Name
CAMTRADE PTY LTD
Company Abbreviation
CAMTRADE
Platform registered country and region
Australia
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
Previous Detection :
2024-07-03
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | 20000$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | 2500$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | 250$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
Platform Capital Ratio
--% 
-- --
100%--% 100%
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Meta Trader 4
White LabelAverage
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Exposure
1 pieces of exposure in total Pyramid scheme complaint
ExposeCAMTRADE · Company Summary
General Information & Regulation
CamTrade presents itself as a leading provider of online trading services, offering trading in forex pairs and various CFDs. They also claim to be operated by CamTrade PTY LTD which is licensed in Australia, however, the company information provided on the website is quite messy, and this broker has been verified to be a clone one.
Market Instruments
Tradable financial instruments available on the CamTrade platform include forex currency pairs, commodities, indices and stocks.
Minimum Deposit
The minimum deposit with Camtrade is $250, which is in line with the offshore brokers, but higher than the regulated industry standards- $100 on average.
Inactivity Fees
After 6 months of inactivity, an account becomes dormant and will be subject to a deduction of 10% per month, which is a typical scam clause that can be found in many proven scam brokers.
Leverage
The maximum leverage offered by CAMTRADE is up to 1:200, which is a ratio that‘s too risky for traders, and it’s available to adjust only upon subscription. Such a level may become the cause of lightning-quick losses, so make sure to handle it properly if deployed.
Spreads & Commissions
The EUR/USD spread is 2.3 pips, which isnt the best Bid/Ask difference you can find. It forms part of the trading costs, so lower rates are beneficial and largely determine whether the broker is good or not. Most legit brokers offers the spread on the EUR/USD pair is below 1.5 pips.
Trading Platform Available
Camtrade offers web-based trading software only. In fact, they pretend to provide a Desktop distribution, too, but its available for download exclusively upon a deposit.
Deposit & Withdrawal
Camtrade advertises using bank cards, wires, Skrill, Neteller, and Bitcoin. The withdrawal provisions are thoroughly unfair- a minimum of $100 for Credit/Debit and $250 for Wire Transfers. The charges are monstrous- $25 per bank card transfer plus a $10 processing fee and $50 for wires. There are also trading volume requirements applicable- clients need to trade at least 200 in turnover (whatever this should mean) to avoid paying 10% additionally. Thats definitely a scam!
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