Abstract：Cabana Capital, a Saint Vincent and the Grenadines-based forex broker, has grabbed headlines for negative reasons. These include numerous complaints traders have made over withdrawal denials/delays and account blocks upon repeated attempts to contact the broker. These alleged trading activities have inevitably frustrated traders who have rightly criticized the broker online. In this Cabana Capital review article, we have mentioned a growing list of complaints against the forex broker. Keep reading!
Cabana Capital, a Saint Vincent and the Grenadines-based forex broker, has grabbed headlines for negative reasons. These include numerous complaints traders have made over withdrawal denials/delays and account blocks upon repeated attempts to contact the broker. These alleged trading activities have inevitably frustrated traders who have rightly criticized the broker online. In this Cabana Capital review article, we have mentioned a growing list of complaints against the forex broker. Keep reading!
Investigating the Top Forex Trading Complaints Against Cabana Capital
Withdrawals Denied for as Long as Six Months
Multiple traders have reported a painful experience when applying for a Cabana Capital withdrawal on the trading platform. In one of the complaints, a trader applied for a withdrawal of $100. However, the broker, as it seems from the review, stopped processing it for six months. Here are multiple Cabana Capital reviews for your reference.
The Profit Disappearance Allegation Against Cabana Capital
While sharing this complaint, the trader admitted to having begun with USD 2,600. Soon, the trader raised the trading volume and generated profits of USD 500 and USD 1,200 the following day. However, the trader saw the profit disappearing on the Cabana Capital within half an hour. Annoyed by the overall experience, the trader sought the exact reason for this move by the broker. Check out the complaint screenshot below.
Cabana Capital Wakes Up Only to Deduct Profits, Not to Assist in Trading, the Trader Alleged
Sharing an explosive Cabana Capital review, a trader exposed the brokers dark face by accusing it of not assisting while trading. However, as profits are added up to the platform, the broker withholds withdrawals by cancelling profits. The trader even highlighted the lack of proper banking channels during both the deposit and withdrawal processes. Finding it all the more suspicious, the trader shared the complaint online through these words.
Poor Customer Support & Illegitimate Trade Closure
A trader pointed out a series of flaws in the way Cabana Capital goes about the forex trading business. During the time of deposits, the broker‘s officials sound friendly and supportive to traders. As they seek withdrawals, their attitude turns negative. While that remains a grave concern, the closure of trades without the trader’s permission made the situation even worse. Here is what the trader said when sharing the Cabana Capital review.
Cabana Capital Review by WikiFX: Investigating the Brokers Regulation Status
A host of complaints concerning withdrawals and profit cancellations made it imperative for the WikiFX team to find answers to: Is Cabana Capital real or fake? The team conducted a thorough inquiry into the Cabana Capital regulation status and found it to be unregulated, answering the question shared above. Yes, it is not a forex broker to open an account for trading. Given the prevailing trading risks, the WikiFX team gave Cabana Capital a low score of 1.57 out of 10.
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