Cambridge Capital Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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The loading speed of the Cambridge Capital website is too slow. I am worried that the actual transaction speed will be very slow, causing me to miss the good opportunity.
Summary: Cambridge Capital has garnered significant negative attention in recent reviews, with many sources labeling it as an unregulated and potentially fraudulent broker. Key findings highlight the lack of regulation, questionable withdrawal practices, and a general lack of transparency that raises serious concerns for potential investors.
Note: It's crucial to understand that various entities under the name "Cambridge Capital" operate in different regions, which can affect regulatory oversight. This review aims to provide a fair and accurate assessment based on the available information from multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding the broker's operations.
Cambridge Capital is a forex broker that has been operating since at least 2022, as indicated by its domain registration. The broker claims to offer trading services across various asset classes, including forex, cryptocurrencies, commodities, and indices. It promotes the use of the popular MetaTrader 4 (MT4) platform, which is widely recognized in the trading community. However, the most critical concern is the absence of regulation by any authoritative body, which is a significant red flag for potential investors.
Cambridge Capital operates without any regulatory oversight, which is a major concern highlighted across multiple sources. According to Valforex, the broker falsely claims to be based in London, which is a heavily regulated jurisdiction. The UKs Financial Conduct Authority (FCA) does not list Cambridge Capital as a licensed broker, raising alarms about its legitimacy. The broker is actually registered in St. Vincent and the Grenadines, a known haven for unregulated brokers, further complicating its credibility.
The broker claims to accept a variety of payment methods, including credit cards, bank wire transfers, and cryptocurrencies. However, the use of cryptocurrencies for deposits is particularly concerning, as it makes transactions irreversible, leaving clients vulnerable to scams. According to ForexBrokerz, customers have reported excessive withdrawal fees and delays, making it difficult to access their funds. This aligns with the experiences shared by users who have raised alarms about being unable to withdraw their money after making deposits.
Cambridge Capital offers multiple account types, with the minimum deposit for the standard account unspecified, while higher-tier accounts require deposits of $10,000 or more. The lack of clear information regarding minimum deposits and the absence of a transparent bonus structure are concerning. As noted by Valforex, many unregulated brokers use enticing bonus offers as a tactic to lure clients into making substantial deposits, only to impose stringent withdrawal conditions later.
The broker advertises spreads starting from 1 pip, which may seem attractive at first glance. However, many regulated brokers offer tighter spreads, making Cambridge Capital's conditions less competitive. The leverage offered is also questionable, as it exceeds the limits set by most regulatory bodies, potentially exposing traders to significant risks. The lack of transparency regarding trading costs, including hidden fees or commissions, further complicates the trading experience.
Customer support appears to be limited, with reports of unresponsive service and difficulty in reaching out for assistance. Many users have expressed frustration over the lack of timely communication, which is critical in the fast-paced trading environment. As highlighted by Broker Complaint Alert, the inability to contact support can leave traders feeling isolated and unsupported.
Overall user experiences shared across different platforms indicate a general dissatisfaction with Cambridge Capital. Many reviewers have referred to it as a scam broker, citing issues with account freezing, withdrawal delays, and unfulfilled promises of returns. According to PremiumRecoup, users should be cautious and consider the high likelihood of losing their investments with this broker.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions: The lack of clear minimum deposit requirements and high entry thresholds for certain accounts make this a less favorable option for new traders.
Tools and Resources: While the MT4 platform is a strong point, the overall lack of educational resources and market analysis tools diminishes its appeal.
Customer Service and Support: Poor customer service experiences reported by users indicate a significant area for improvement.
Trading Setup (Experience): The trading environment is marred by reports of issues with withdrawals and account management.
Trustworthiness: The absence of regulation and multiple reports of scams contribute to a very low trust rating.
User Experience: Overall negative feedback from users paints a concerning picture of the broker's operations and reliability.
In conclusion, the Cambridge Capital review indicates a broker that poses significant risks to potential investors. The absence of regulation, coupled with troubling user experiences, suggests that traders should exercise extreme caution and consider alternative, regulated options for their trading activities.
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