CALIBUR Company

Calibur Forex Broker - Complete Information Guide

1. Broker Overview

Calibur, officially known as Calibur Capital Markets (TCM) Limited, is a forex and CFDs broker that has garnered attention in the trading community. The company operates under the trading name "Calibur" and was previously known as Lead Capital Markets Limited. Unfortunately, it is important to note that Calibur does not possess a valid regulatory license, which raises significant concerns about its legitimacy and safety for traders.

The broker claims to offer a range of services aimed at retail traders, including a high standard of account management and investment protection schemes. However, upon further investigation, it has been revealed that Calibur is a "clone firm," which means it uses the details of a well-regulated entity to deceive potential clients. This practice is common among unregulated brokers who aim to mislead traders into believing they are dealing with a legitimate company.

Calibur's headquarters is based in the United Kingdom, but it has no formal registration or licensing with any top-tier regulatory authority. The broker's primary market includes individual retail traders looking for forex and CFD trading opportunities. Unfortunately, the lack of transparency and the presence of multiple complaints against Calibur suggest that it may not be a reliable choice for traders.

In summary, while Calibur presents itself as a forex broker offering various trading services, the absence of regulation and the identification as a clone firm should serve as a major warning to potential clients. It is crucial for traders to be vigilant and conduct thorough research before engaging with any broker, especially those like Calibur that lack proper oversight.

2. Regulatory and Compliance Information

Calibur broker operates without a legitimate regulatory license, which is a significant red flag for potential investors. The broker claims to be authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. However, investigations have revealed that the CySEC license number provided by Calibur actually belongs to another company, Trade Capital Markets (TCM) Ltd. Additionally, the FSCA license cited by Calibur does not exist in the regulator's register, further casting doubt on its compliance claims.

Due to these discrepancies, Calibur has been blacklisted by CySEC, which has publicly stated that the website does not belong to an entity authorized to provide investment services. This lack of regulation means that clients of Calibur do not have access to the investor compensation funds typically provided by regulated brokers, leaving their investments unprotected.

The brokers KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures are also questionable, as there is little information available regarding their implementation. Without proper regulatory oversight, it is likely that these measures are not enforced adequately, increasing the risk of fraudulent activities.

In conclusion, the absence of a valid regulatory license, coupled with the identification as a clone firm, suggests that trading with Calibur broker is not safe. Potential investors should prioritize engaging with brokers that are regulated by reputable authorities such as the FCA in the UK or ASIC in Australia.

3. Trading Products and Services

Calibur broker claims to offer a diverse range of trading products, primarily focusing on forex and CFDs. According to their website, they provide access to numerous currency pairs, allowing traders to engage in the forex market. However, the exact number of available currency pairs has not been disclosed, which raises concerns about the transparency of their offerings.

In terms of CFD products, Calibur reportedly offers a variety of assets, including indices, commodities, stocks, and cryptocurrencies. The broker claims to provide competitive spreads and a selection of popular trading instruments. Nevertheless, the lack of regulatory oversight and the broker's questionable reputation mean that potential clients should approach these claims with skepticism.

Calibur also promotes its retail trading services, which are designed to cater to individual traders looking to access the forex and CFD markets. However, the absence of a well-defined product offering and the potential for misleading information make it challenging for traders to assess the true value of the services provided.

Furthermore, there is no information available regarding any unique trading products or proprietary offerings that distinguish Calibur from other brokers. The lack of transparency regarding product updates and the introduction of new instruments further complicates the assessment of their trading services.

In summary, while Calibur broker claims to offer a range of trading products, the lack of regulatory oversight and transparency raises significant concerns about the validity and reliability of these offerings. Traders are advised to seek brokers with a proven track record and clear product offerings.

4. Trading Platform and Technology

Calibur broker offers its clients access to the popular MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and advanced trading features. The platform supports automated trading through Expert Advisors (EAs) and provides a variety of analytical tools that traders can use to enhance their trading strategies.

However, there is no mention of a proprietary trading platform developed by Calibur, which may limit the customization options available to traders. The broker also claims to provide a web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation. This feature is beneficial for traders who prefer flexibility and accessibility.

In addition to desktop access, Calibur broker offers mobile applications compatible with both iOS and Android devices. These applications enable traders to manage their accounts and execute trades on the go, catering to the needs of modern traders who require mobility and convenience.

Regarding execution modes, Calibur broker reportedly employs a market-making model, which may introduce potential conflicts of interest. The broker's server locations and technical infrastructure details are not disclosed, which raises concerns about the reliability and speed of trade execution.

Moreover, there is no information available on API access or support for automated trading beyond the capabilities offered by the MT4 platform. This lack of information may deter algorithmic traders who rely on advanced trading solutions.

In conclusion, while Calibur broker provides access to the widely used MT4 platform and mobile trading applications, the absence of a proprietary platform and transparency regarding execution practices may limit the overall trading experience for clients.

5. Account Types and Trading Conditions

Calibur broker offers several account types, each with varying trading conditions. The standard account requires a minimum deposit of $1,000, with spreads starting at 1.9 pips for major currency pairs. The broker also offers higher-tier accounts, such as VIP and professional accounts, which typically come with lower spreads and additional benefits, although specific details on these accounts have not been disclosed.

The broker claims to provide Islamic accounts, catering to traders who require Sharia-compliant trading conditions. However, the specifics of these accounts, including any associated fees or restrictions, are not mentioned.

Calibur broker also provides a demo account option, allowing potential clients to practice trading without risking real capital. This feature is essential for new traders looking to familiarize themselves with the trading platform and market dynamics.

Leverage options at Calibur are reportedly flexible, with a maximum leverage ratio of up to 1:500, depending on the account type and asset class. However, this high leverage can increase the risk of significant losses, particularly for inexperienced traders.

Minimum trade sizes are also not clearly defined, which may lead to confusion among potential clients regarding the broker's trading conditions. Additionally, there is limited information on overnight fees or swap rates, which are crucial for traders who hold positions overnight.

In summary, while Calibur broker offers a range of account types and trading conditions, the lack of transparency regarding specific details and the potential risks associated with high leverage should be carefully considered by prospective clients.

6. Fund Management

Calibur broker supports several deposit methods, including bank transfers, credit cards, and electronic wallets. However, the specifics of these methods, including the processing times and any associated fees, are not clearly outlined on their website.

The minimum deposit requirement varies by account type, with standard accounts starting at $1,000. The broker does not provide clear information regarding deposit processing times, which can lead to frustration for clients eager to begin trading.

Withdrawal options are similarly vague, with no detailed information on the methods available or any potential restrictions. The processing times for withdrawals are also not specified, which can be a significant concern for traders who require timely access to their funds.

Moreover, there is little clarity on the fee structure associated with deposits and withdrawals. Without transparent fee disclosures, clients may encounter unexpected costs when managing their accounts.

In conclusion, while Calibur broker offers a variety of funding options, the lack of clear information regarding processing times, fees, and withdrawal methods raises concerns about the overall transparency and reliability of their fund management services.

7. Customer Support and Educational Resources

Calibur broker provides customer support through various channels, including phone, email, and online chat. However, the availability of these support channels and the responsiveness of the support team have not been detailed, which may affect the overall client experience.

The broker claims to operate during standard business hours, but specific time zones and coverage details are not provided. Additionally, the availability of multilingual support is unclear, which could pose challenges for non-English speaking clients.

In terms of educational resources, Calibur offers limited information on the types of training materials available. While the broker may provide webinars, tutorials, and eBooks, the specifics of these resources have not been disclosed, leaving potential clients uncertain about the level of support they can expect.

Market analysis services, such as daily reports, news updates, and research insights, are also mentioned, but details on the frequency and quality of these services are lacking. Traders often rely on timely and accurate market information to make informed decisions, so the absence of clarity in this area may be a drawback.

Calibur broker may offer trading tools, such as calculators and economic calendars, but the specifics of these tools and their functionalities are not detailed on their website.

In summary, while Calibur broker claims to provide customer support and educational resources, the lack of transparency and detailed information regarding these services may leave potential clients with unanswered questions.

8. Geographic Coverage and Restrictions

Calibur broker primarily serves clients in the global market, but specific details regarding its geographical coverage are not clearly defined. The absence of information on regional offices and their locations raises questions about the broker's operational reach.

However, it is important to note that Calibur broker does not accept clients from certain jurisdictions, including the United States and other regions where regulatory restrictions apply. This limitation may affect potential clients who are interested in trading with the broker.

Additionally, special restrictions may apply to clients from countries subject to international sanctions or those with stringent financial regulations. The lack of clear communication regarding these restrictions may lead to confusion for traders seeking to engage with Calibur.

In conclusion, while Calibur broker operates in a global market, the lack of clear information regarding its geographic coverage and restrictions may hinder potential clients' ability to assess the broker's suitability for their trading needs.