Kama Capital has a pretty solid website design; we’ll give them that. However, the website is not everything. In order for a brokerage house to provide you with a safe trading experience, they need to offer fund insurance, legitimate business procedures, etc.
Read on to learn more about this particular broker in our Kama Capital review. And if you cannot get a withdrawal, we’ll suggest a solution.
The first question of our readers would be, “Is Kama Capital legit?” And the first answer that comes to mind is it depends. The company has an offshore regulation, meaning it does operate according to certain laws. However, an offshore license is not accepted in most Tier 1 jurisdictions, where you need to be registered with local authorities such as FCA, ASIC, BaFin, and CONSOB.
Kama Capital was first registered offshore in Saint Vincent and the Grenadines, trading as Kama Capital LLC. However, this country has no official regulator in charge of Forex trading. The Financial Services Authority registers companies and instructs them to obtain a license in the country of service. Just like with Exteom broker, no luck with a license there.
Finally, the brokerage claims to be registered as Kama Capital LLC in Dubai with the Dubai Economic Department. Yet, the official regulator in charge of Forex and CFD trading is DFSA, and they’ve never had any records of such a firm. As a matter of fact, we found another company there operating under the domain of kamacapital.ae. This is a banking consultant business, and we were unable to relate it to a Kama Capital broker.
Different companies have different marketing strategies. However, most brokers publish social media ads, such as Facebook, Instagram, and YouTube. Once you leave your details, you can expect a call from the Kama Capital support department to sell you various stories and promise whatever you want. As an offshore broker, this firm rarely has any restrictions on its marketing tricks.
However, reviews indicate that getting a payout is quite a hassle. Namely, your account manager will be your best friend; keep in touch via phone, WhatsApp, Telegram, and similar apps. This is for as long as you’re willing to invest more. When you ask for money back, you can expect various problems.
Kama Capital website was registered in March 2022. Ever since, the company has been running social media campaigns and offering partnership programs so their investors could bring new ones.
The majority of customers come from the following countries:
Note that offshore license doesn’t apply in countries where strict regulation is necessary, such as the UK or the US.
If there’s one good thing to point out, that would be the trading platform. Kama Capital offers its clients a distribution of MT5. MetaTrader 5 is one of the best trading software out there, with the most significant number of indicators and charts. It supports various add-ons for in-depth market analysis.
However, this proves that a good platform doesn’t necessarily mean a good broker. While Kama Capital is registered offshore, it’s missing some fund safety tools you’d get with regulated brokers.
You can find links for MT5 download for Android and iOS on the website. Kama Capital login is enabled from any mobile device, which is quite convenient. You can access your trades quickly and don’t miss any opportunities.
You can trade four asset classes through CFDs or contracts for difference. The classes are:
Sadly, this broker doesn’t offer crypto trading. In addition, you won’t find ETFs or any other specific assets. Plain and boring.
We’re quite unsure when it comes to leverage. Namely, the account types on the main page show 1:200, while when you open the Account Comparison page, you will find 1:100 for all types. Whatever the case, you should know that ESMA imposed a limit in the EU and the UK of 1:30 for retail traders due to high risks.
As per fees, each account has a commission of $2 per lot for spot trading and $5 for futures. The spread starts with 1 pip, lowering to 0.3 pips for the Institutional Prime account.
Since we’ve mentioned account types several times so far, let’s show a bit more.
Besides the initial deposit, the only visible difference is the spread, lowering with each account type. Other than that, you won’t get any special perks.
A demo account is available upon account registration. You can contact Kama Capital employees and request them to enable a risk-free account. This is good, but not enough to convince us to invest with an offshore broker.
There are only two available Kama Capital withdrawal options:
It takes two business days for the company to process your request and additional time for the money to land in your account. However, there are no further specifications.
Based on the user feedback, we wouldn’t say that getting your money back is as easy. Many had to seek legal aid to recover their hard-earned money.
Our chargeback experts are at your service. They will evaluate your case and find the best solution for your situation. With years of experience, we know what to do. Share your story, book a free, non-obligatory consultation, and leave the rest to us!
Kama Capital is an online trading brokerage regulated offshore. In case of any issues, allow us to assist you with fund recovery.
Kama Capital requires a pretty high minimum deposit of $500 for the Classic account.
Kama Capital offers trading in CFDs, such as commodities and indices, but not crypto trading.
Kama Capital is an online trading brokerage regulated offshore. In case of any issues, allow us to assist you with fund recovery.
Kama Capital requires a pretty high minimum deposit of $500 for the Classic account.
Kama Capital offers trading in CFDs, such as commodities and indices, but not crypto trading.
The post Kama Capital Review: All We Know About Offshore Trading Brokers appeared first on Global Fraud Protection.
