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CaesarTrade Review - Is it scam or safe?

CaesarTrade Review - is caesartrade.com scam or good forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz CaesarTrade
CaesarTrade is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

 

Account type   Minimum deposit  Minimum trade size Maximum leverage Spreads (& Commission)    
Standard $25 0.01 1:500 0.5 pips mark-up

 

 

 

CaesarTrade offers its clients a single live account type with variable spreads, micro tradeable lots and leverage up to 1:500. Besides, it provides account management services.

 

The Company. Security of Funds

 

Company

Country

Regulation

Caesar Trade International Limited (?)

Seychelles

N/A

 

According to the information on its website, CaesarTrade operates since 2012 and offers trading in Forex, CFDs, and Binary Options on the MetaTrader 4 platform.

 

The company behind the brand, Caesar Trade International Limited, is based in the Seychelles and is registered as a Financial Services Provider and for dispute resolution under FSPL. FSPL is an Independent Company that issues registration for Financial Service Providers based on internal criteria.  It is not a real financial regulator and is not affiliated with any government.

 

We decided to test the services of this broker via demo account and were rather unpleasantly surprised: the link on CaesarTrade website for downloading the MetaTrader 4 resulted in downloading the MT5 and the name of the company appeared to be Halifax Investment Services Pty. Ltd. Then, we downloaded the MT4 through the link provided in the broker’s email and it was indeed MT4, however the name of the company was again a surprise: TFB limited. What is more, the email contains yet another company name - CTFC Ltd. Quite confusing, right?

 

Besides, when we checked this brokerage in the famous forex forum forexpeacearmy, we found out that there are there FPA Traders Court guilty verdicts against CaesarTrade, and accordingly it is deemed as a scam.

 

Considering the above said, whatever the trading conditions offered by this broker and whatever the name of the company behind the brand CaesarTrade, we do not recommend doing business with it. You’d better select a broker with decent regulation, such as those licensed by the UK’s FCA or Australia’s ASIC, for example.

 

Trading Platforms

 

Like most brokers, this one also supports the MetaTrader 4 (MT4) platform, available as PC and mobile downloadable versions.

 

Methods of Payment

 

CaesarTrade offers its clients only credit cards as a payment method.

 

Conclusion

 

CaesarTrade is an offshore brokerage, that is obviously engaged in fraudulent practices. It is not recommended.

 

Pros Cons
MT4 available Not regulated
  Scam broker

 

Latest news about CaesarTrade
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Traders` reviews for CaesarTrade

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Caesar Trade is scam and can - be careful!!!

I enclose my last letter to Eric "CaesarTrade.com":

"Eric Hi
This is my last email to you
I would like to offer you a fair polite solution
Before I make my online war against you
I deposit to you 4200 $ in 2014
I Earned a little as 200 $ and after that only losses
When you block my account it was 3850 dollars
This is the amount you owe me.
Your poor excuse that I was a partner of Yossi from GogoBorsa Ltd
Does not make any sense
I have proved in the past that I have not traded like him
As: my Stop loss was Caught & I lost about 60 dollars
I trade ones with Lot 1 and I had lost $ 35
Anyone can see that I was a Newbe. No partner of Yosi only a student
This is a poor excuse only to steal my money.
I wish I was his partner
So my money was deposited to him and not to you,
(Here it is easier to sue him in court)
True, I was wrong I have chose the wrong teacher that chose the wrong broker.

If you want to succeed in your business, my suggestion : Don’t leave
Customers not satisfied ... traces of complaints.
If someone wins the market: his buyer is pays the high price so
It is arbitrage - not you. you should earn from the commissions
(It's true that you also worry abaut the all pool) so you can decide
That You do not work with someone but do not keep his left money in maintenance in your pocket - it's stealing (don’t call it in another name).
I'm giving you a Opportunity to correct before I will start advertise you negatively all over the internet
your business does not need more negative reviews
Meanwhile I have complained at some Facebook traders groups in Israel (In Hebrew). Not something that will bothers you ... but if you do not return my money: I will do to you more damage over the time until you will have hard to find new customers…
to hold my money it as you bought a negative traffic reviews
my suggest to you - give me back my money ($3850)
And I will not act against you ... I hope you decide wisely
If not: I'll take care that you'll regret for this wrong stupid decision.

Yosef from Israel


yosef 06/15/2017
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