CASHTREE Forex Broker provides real users with 2 positive reviews, * neutral reviews and * exposure review!
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I think it is the most complete broker. Spreads and commissions favorable to traders with fast deposit and withdrawal and friendly response.
Recommended Brokerage for trading. Good spread and instant deposit & withdrawal with many deposit and withdraw option. Having nice platfrom, and warm costumer service. Like it!
Summary: Cashtree is an unregulated forex broker operating out of Saint Vincent and the Grenadines, offering a wide array of trading instruments, including forex, CFDs, commodities, and cryptocurrencies. While it provides high leverage options and access to the popular MetaTrader 5 platform, the lack of regulatory oversight raises significant concerns regarding user security and transparency.
Note: It's important to highlight that Cashtree operates under multiple entities across different regions, which adds a layer of complexity to its legitimacy. Users are advised to conduct thorough research and proceed with caution.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding account conditions, trading platforms, and overall trustworthiness.
Founded in 2021, Cashtree is a forex brokerage based in Saint Vincent and the Grenadines. The broker claims to provide its clients with access to the MetaTrader 5 trading platform, known for its advanced features and user-friendly interface. Cashtree offers a diverse range of tradable assets, including forex pairs, CFDs on indices, commodities, stocks, and cryptocurrencies. However, it operates without valid regulatory oversight, which is a significant red flag for potential traders.
Regulatory Regions: Cashtree operates without regulation, raising concerns about its credibility and adherence to industry standards. The absence of a regulatory authority means that traders may not have the same level of protection as they would with regulated brokers.
Deposit/Withdrawal Currencies/Cryptocurrencies: Cashtree supports various payment methods, including Visa, Mastercard, Neteller, Skrill, PayPal, bank wire, and cryptocurrencies. However, specific fees and processing times can vary, and users are advised to review these costs before making any transactions.
Minimum Deposit: The minimum deposit requirement is not explicitly stated, which can be a point of concern for potential traders looking for transparency.
Bonuses/Promotions: There are currently no bonuses or promotional offers available from Cashtree, which is a common practice among unregulated brokers.
Tradable Asset Classes: Cashtree offers a wide range of trading instruments, including forex, CFDs on indices, commodities, stocks, and cryptocurrencies. This diversity allows traders to explore various markets and diversify their investment portfolios.
Costs (Spreads, Fees, Commissions): Spreads start from 0.0 pips, which is competitive; however, the lack of transparency regarding additional fees or commissions can be a disadvantage for traders looking for clarity.
Leverage: Cashtree offers high leverage of up to 1000:1, which can be appealing for experienced traders looking to maximize their potential gains. However, it also significantly increases the risk of losses, particularly for inexperienced traders.
Allowed Trading Platforms: The primary trading platform offered by Cashtree is MetaTrader 5, which is widely regarded for its robust features and capabilities. Additionally, the broker provides a mobile app and a web-based platform for trading on the go.
Restricted Regions: While specific restricted regions are not mentioned, the lack of regulation may imply that the broker does not accept clients from certain jurisdictions.
Available Customer Service Languages: Cashtree offers customer support in multiple languages, including English, which is essential for catering to a diverse clientele.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
Account Conditions (4/10): The absence of clear information regarding minimum deposits and account types raises concerns about the overall account conditions offered by Cashtree. The lack of regulation further exacerbates this issue.
Tools and Resources (6/10): While Cashtree provides access to the MetaTrader 5 platform, which is equipped with advanced analytical tools, the overall resource offerings could be more extensive to enhance user experience.
Customer Service and Support (5/10): Cashtree offers customer support through various channels, including phone and email. However, the effectiveness and responsiveness of this support are not well-documented, leading to a moderate rating.
Trading Setup (Experience) (6/10): The trading experience on the MetaTrader 5 platform is generally positive, with advanced features available. However, the lack of regulatory backing can lead to uncertainties during the trading process.
Trustworthiness (3/10): The absence of regulation is a significant concern, as it raises questions about the credibility and safety of trading with Cashtree. Users should be cautious and conduct thorough research before engaging with the broker.
User Experience (5/10): While the platform is user-friendly, the overall experience is marred by the lack of regulatory oversight and transparency regarding account conditions and fees.
In conclusion, Cashtree presents itself as a potentially appealing option for traders seeking a diverse range of instruments and high leverage. However, the significant drawbacks related to its unregulated status and lack of transparency should not be overlooked. Potential users are advised to carefully weigh the pros and cons before deciding to engage with Cashtree.
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