Cachecoininvestment – Can You Trust Them?

| Publish date: 06/27/2020 (Last updated: June 27, 2020 02:12 AM)
Share

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

Cachecoininvestment - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Deposit
X

updated 2020

Here are the types of accounts offered by Cachecoininvestment:

  • Startup Account: For this account you need to make a minimum investment of $500.
  • Standard Account: For this account you are requirement to make a minimum investment of $1,500.
  • Premium Account: To use this account, you need to make a minimum investment of $3,000.

There is no information shared with regard to the spreads, leverages or other trading costs by this broker.

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 Review - Regulated broker
Plus500CY Ltdauthorized & regulated by CySEC

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

 

Website URL: www.cachecoininvestment.com

Founded: 2015

Regulations: Unlicensed

Languages: English

Deposit Methods: Not Provided

Minimum Deposit: $500

Free Demo Account: Yes

Number of Assets: 250+

Types of Assets: Cryptocurrencies, Forex

Trading Accounts and Conditions

Here are the types of accounts offered by Cachecoininvestment:

  • Startup Account: For this account you need to make a minimum investment of $500.
  • Standard Account: For this account you are requirement to make a minimum investment of $1,500.
  • Premium Account: To use this account, you need to make a minimum investment of $3,000.

There is no information shared with regard to the spreads, leverages or other trading costs by this broker.

Cachecoininvestment – Advantages

Trading with this broker has no advantages whatsoever. Please read the rest of our review to understand why.

Cachecoininvestment – Disadvantages

Here are all the reasons why we would discourage all traders from contracting with Cachecoininvestmnet:

  • Anonymous and Unregulated Broker

The first big red flag that this broker is not to be trusted is the fact that it is anonymous and unregulated. Cachecoininvestment has not provided any corporate details about the company that runs its operations. We do not know the name of the company or where it is located. We also do not find any contact information on this broker’s website.

Without a license number or corporate information, it is clear that this broker is unregulated.

Just so you know, this broker has lied that it is regulated in the European Union. It doesn’t hold any license to operate from any member country of the EU.

Dealing with an anonymous and unregulated broker is highly risky since you will not know who is it that you’re dealing with and neither will you have protection against being scammed or even broker bankruptcy.

Regulated brokers are required to have processes in place to protect their clients. For example, they are required to ensure that they carry out account segregation so that the broker cannot use your money for their operations. Furthermore, many jurisdictions also insist that brokers participate in compensation schemes (insurance, if you will) where in the event of broker fraud or insolvency, the clients are compensated for their losses.

Plus500
$100
Minimum Deposit

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

 

AvaTrade
$100
Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

 

  • Promises of Unrealistic Returns

If you look at their account information, you are promised massive returns on your investments. For example, if you invest the minimum of $500, you are guaranteed returns of at least $4,250. And if you invest as much as $20,000, you are promised that you can make a profit of at least $500,000!

Such promises are just lies told by the broker to trick more people into giving up their hard-earned money. The forex and cryptocurrency markets are very volatile, which means that more often than not, traders lose money on the market rather than make profits.

Brokers in all regulated markets are required to publish what percentage of their clients actually lose money while trading. And that figure ranges from 75% to 85% for most brokerages. Considering this is the case, no legitimate broker will ever promise you profits. In fact, they will warn you of the risks of trading and that you can lose your money – you entire deposit at times – while speculating on such markets.

  • Lies About Trading Platform and Demo Account

Cachecoininvestment states on its website that it offers its clients a demo account where they can test their trading conditions. But when you click on the demo account button, you are taken to the MetaTrader 5 homepage. This is a tactic that the broker has adopted to promote the thought that they offer the MT5 trading platform to their clients.

The MT5 trading platform is the latest software released by MetaQuotes, the creator of the world’s most popular platform – the MT4 interface. Like its predecessor, the MT5 platform is easy to use and offers fantastic features for advanced trading. You get customizable charts, market data analysis tools as well as automatic trading robots. What you get that the older MT4 platform doesn’t have is partial order filling, a wider range of trading instruments as well as an in-built e-mail service.

However, with Cachecoininvestment, you get none of this. All you get is a sloppily crafted lie that is designed to make you believe that you will get to use the MT5 platform.

  • No Information on Trading Conditions

The first thing you will want to check as a trader is what kind of trading conditions are offered by a broker. You will want to know the leverage ratios, the spreads, commissions (if any) and so on.

Well, Cachecoininvestment offers you none of this information. So, if you do decide to deal with this broker, be warned that you will be investing blindly with them, which is a highly risky thing to do.

  • High Minimum Deposit Requirement

Cachecoininvestment asks you to make a minimum deposit of at least $500, which is about two times the market standard. On average, brokers require you to make a first deposit of between $100 and $250. There are also many reputed brokers that require much less, sometimes as low as $5.

  • No Information on Payment Methods

Here is yet another black hole of information. We have no clue about what payment methods are offered by this broker. Having said that, if you do deposit money with this broker, chances are you will never get a chance to withdraw either your deposit or any of the so-called profits you may see reflecting in your account.

Conclusion 

Cachecoininvestment is clearly a scam broker. It is run anonymously, it is unregulated, and the broker has lied about or withheld information on just about every key aspect of its operations.

We would strongly advise all traders to stay as far away from this broker as possible.

Cachecoininvestment

2.4

User Experience

3.0/10

Payment Options

2.2/10

Security

2.2/10

Support

2.3/10

Reputation

2.4/10

Pros

  • None

Cons

  • Anonymous and Unregulated Broker
  • Promises of Unrealistic Returns
  • Lies About Trading Platform and Demo Account
  • High Minimum Deposit Requirement
  • No Information on Payment Methods

Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:

Plus500
$100
Minimum Deposit

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

 

AvaTrade
$100
Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

eToro
$200
Minimum Deposit

eToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Share

Related Posts

BTSave – Is This Broker Safe?
Website URL: http://btsave.net/ Founded: 2019 Regulations: Unregulated Languages: English…
FNory – Are They Trustworthy?
Website URL: https://fnory.com Founded: 2021 Regulations: Not Licensed Languages:…
Nexvia Invest – It This a Broker...
Website URL: https://nexviainvest.co/ Founded: 2019 Regulations: Not Licensed Languages:…

Leave a Comment