Score

1.40 /10
Danger

CASHTREE

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

High potential risk

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Regulatory Index0.00

Business Index6.16

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

CASHTREE · Company summary
Aspect Information
Registered Country/Area Saint Vincent and the Grenadines
Founded Year 1-2 years
Company Name CASHTREE
Regulation No Regulation
Minimum Deposit Not specified
Maximum Leverage Up to 1000:1
Spreads From 0.0 pips
Trading Platforms MetaTrader 5, Mobile App, Web Platform
Tradable Assets Forex, Indices CFD, Commodities CFD, Stocks CFD, Cryptocurrency CFD
Account Types Not specified
Customer Support Telephone: +17844856124, Fax: +17844866124, Email: info@cashtree-forex.com, Facebook, Skype, Kakao
Payment Methods VISA, MasterCard, NETELLER, Skrill, STICPAY, PayPal, Bank Wire, UnionPay, Perfect Money, Cryptocurrencies

General Information

CASHTREE presents itself as a forex broker headquartered in Saint Vincent and the Grenadines. However, the broker operates without valid regulatory information, which is crucial for ensuring transparency and security in the financial industry. Traders and investors should be cautious when dealing with unregulated brokers as it exposes them to potential risks. CASHTREE offers a diverse range of market instruments for trading, including forex, indices CFDs, commodities CFDs, stocks CFDs, and cryptocurrency CFDs.

One of the notable features of CASHTREE is the provision of high leverage options, allowing traders to control larger positions in the market with a smaller capital investment. While this can potentially lead to higher gains, it also magnifies the risk of losses. It is important for traders to carefully assess their risk tolerance and understand the implications of using high leverage before engaging in trading activities with CASHTREE.

CASHTREE offers various deposit and withdrawal methods. These methods include popular options such as VISA, MasterCard, NETELLER, Skrill, STICPAY, PayPal, bank wire, UnionPay, Perfect Money, and even cryptocurrency deposits. However, specific fees and processing times may vary for each method, and customers are advised to review the associated costs before proceeding with their transactions.

The broker provides access to the MetaTrader 5 trading platform, a powerful system equipped with advanced features and tools for traders. Alongside the desktop version, CASHTREE offers a mobile app for Android and iOS devices, allowing traders to monitor and trade in the financial markets on-the-go. Additionally, a web-based platform is available for traders who prefer browser-based solutions or need access from different operating systems.

It is essential to note that CASHTREE lacks regulation and has a suspicious regulatory license, raising concerns about its credibility and adherence to established standards. The presence of unrelated addresses mentioned in the information provided further adds to the doubts surrounding CASHTREE. Traders and investors should exercise caution and thoroughly research and consider the risks associated with an unregulated broker before engaging with CASHTREE.

basic-info

Pros and Cons

CASHTREE offers several advantages to traders, including a variety of trading accounts designed to cater to different preferences. This allows traders to choose an account type that suits their individual needs. The availability of popular trading platforms like MetaTrader 5 (MT5) provides access to comprehensive analysis tools and efficient trade execution, enhancing the trading experience. Additionally, CASHTREE supports multiple payment methods, offering convenience for deposits and withdrawals.

However, one significant concern with CASHTREE is the lack of regulation. The absence of regulatory oversight raises questions about the security and transparency of the brokerage. Traders may not have the same level of protection and recourse as they would with regulated brokers, increasing the risk associated with trading. It is crucial for potential traders to carefully consider these pros and cons before deciding to engage with CASHTREE, keeping in mind the potential security and transparency concerns and the limited trader protection.

Pros Cons
Diverse range of trading accounts tailored to different preferences Lack of regulation
Availability of popular trading platforms like MetaTrader 5 (MT5) Potential security and transparency concerns
Support for multiple payment methods for deposits and withdrawals Limited trader protection
Wide range of market instruments for trading
High leverage options for potential gains

Is CASHTREE Legit?

CASHTREE, operating as a forex broker, claims to be incorporated in Saint Vincent and the Grenadines. However, it is important to note that there is currently no valid regulatory information available for this broker. Regulatory oversight is a crucial aspect of the financial industry as it ensures transparency, security, and adherence to established standards. Without proper regulation, there may be an increased risk for traders and investors.

regulation

Market Instruments

1. Foreign Exchange (Forex): CASHTREE provides forex trading in multiple currency pairs. Forex trading involves buying one currency and selling another simultaneously. It is the largest and most liquid market globally, with participants including central banks, financial institutions, and individual traders. CASHTREE allows trading in popular currency pairs such as EUR/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, and GBP/USD.

2. Indices CFD: CASHTREE offers trading in index Contracts for Difference (CFDs). Index CFDs track the performance of a specific stock index and allow traders to speculate on its price movements without owning the underlying assets. CASHTREE provides access to various index CFDs, including Dow (US 30), CAC 40 (FRA40), German Stock Price Index DAX 30 (GER30), FTSE 100 (UK100), Euro Stoxx 50 Future (EUSTX50), NASDAQ 100 (NDX100), S&P/ASX 200 (ASX200), Nikki 225 (JPN225), Hang Seng (HSI) (HK50), and Standard & Poor's 500 (SPX500).

3. Commodities CFD: CASHTREE allows trading in commodity CFDs, which involve speculating on the price movements of various raw materials. Commodities such as gold, silver, oil (Brent and WTI), and other metals are available for trading. Commodity prices are influenced by factors such as supply and demand dynamics, geopolitical events, and economic indicators.

4. Stocks CFD: CASHTREE enables trading in individual stock CFDs. Stock CFDs represent the price movement of specific company stocks without the need to own the underlying shares. Traders can speculate on the price fluctuations of stocks from various markets worldwide. CASHTREE offers a range of stocks for CFD trading, allowing traders to take positions on companies such as Apple, Microsoft, Google, and many others.

5. Cryptocurrency CFD: CASHTREE facilitates trading in cryptocurrency CFDs. Cryptocurrencies are digital currencies that utilize encryption technology for secure transactions. CASHTREE allows traders to speculate on the price movements of popular cryptocurrencies like Bitcoin, Ethereum, and others, without owning the actual digital assets.

market-instruments
Pros Cons
Wide range of market instruments available for trading Potential volatility and risks associated with certain instruments
Opportunity to diversify investment portfolio Lack of guarantees or assurances on investment returns
Access to popular and liquid markets, such as Forex Potential exposure to market manipulation or fraudulent activities
Potential challenges in accurately predicting market movements

Leverage

The maximum leverage ratio provided by CASHTREE is pretty high, up to 1000:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

CASHTREE offers trading platforms, with MetaTrader 5 being one of them. MetaTrader 5 is a powerful and versatile trading system that provides a wide range of features and tools for traders. Here are some details about the trading platforms offered by CASHTREE:

1. MetaTrader 5: CASHTREE provides access to the MetaTrader 5 platform, which offers a robust trading system with advanced features. It supports both netting and hedging order accounting systems, allowing traders to choose their preferred method. The platform supports various order execution modes, including Instant, Request, Market, and Exchange execution, catering to different trading objectives. Traders can use different order types, such as market, pending, stop orders, and trailing stops, enabling them to implement various trading strategies. MetaTrader 5 also offers comprehensive technical analysis tools with over 80 indicators, graphical objects, and 21 available timeframes. Additionally, traders can access news reports and economic indicators directly within the platform, allowing them to stay informed and make informed trading decisions.

trading-platform

2. Mobile App: CASHTREE provides a mobile version of MetaTrader 5 for both Android and iOS devices. Traders can install the mobile app on their smartphones or tablets to access the financial markets on the go. The mobile app offers complete trading functionality, including advanced analytics through technical indicators and graphical objects. Traders can monitor their account status, view trade history, and perform other related functions conveniently from their mobile devices.

image.png

3. Web Platform: CASHTREE offers a web-based platform for traders who cannot install the desktop terminal or use the mobile version. The MetaTrader 5 web platform allows traders to trade on the Forex and exchange markets from any browser and operating system, including Windows, Mac, and Linux. It provides access to advanced features, including market analysis, order placement, and account monitoring. The web platform is suitable for traders who prefer a browser-based solution or those who need to trade while on-the-go.

trading-platform
Pros Cons
Robust trading system with advanced features Learning curve for new users
Supports both netting and hedging order accounting systems Limited customization options
Various order execution modes catering to different trading objectives Relatively high system requirements
Comprehensive technical analysis tools with a wide range of indicators Dependency on internet connectivity for web platform
Mobile app for trading on-the-go Possible compatibility issues with certain devices
Web-based platform accessible from any browser and operating system Less control over server downtime or maintenance

Deposit & Withdrawal

Here is an overview of the deposit and withdrawal process:

Deposit Methods:

1. VISA: Deposits made through VISA cards are typically processed within 1 hour or immediately. The accepted base currencies are EUR, USD, and GBP, and there is no commission fee for deposits using VISA.

2. MasterCard: Similar to VISA, deposits made through MasterCard are processed within 1 hour. The accepted base currencies are EUR, USD, and GBP, and there is no commission fee for deposits using MasterCard.

3. NETELLER: NETELLER offers instant deposits and supports multiple currencies including AUD, GBP, CAD, DKK, EUR, INR, JPY, MXN, NOK, RUB, SGD, SEK, TWD, and USD. There is no commission fee for NETELLER deposits.

4. Skrill: Skrill also provides instant deposits and supports currencies such as EUR, USD, GBP, PLN, and CZK. No commission fee is charged for Skrill deposits.

5. STICPAY: STICPAY enables instant deposits in USD, EUR, and JPY. There are no commission fees associated with STICPAY deposits.

6. PayPal: Deposits through PayPal are processed within 1-2 days and support currencies like USD, EUR, JPY, and CHF. No commission fee is charged for PayPal deposits.

7. Bank Wire: Bank wire deposits typically take 1-2 days to process and support currencies such as USD, EUR, JPY, and CHF. No commission fee is charged for bank wire deposits.

8. UnionPay: UnionPay allows instant deposits in currencies like USD, JPY, and GBP. There is no commission fee for UnionPay deposits.

9. Perfect Money: Perfect Money offers instant deposits in USD and EUR without any commission fees.

10. Cryptocurrencies: CASHTREE supports cryptocurrency deposits, including Bitcoin, Ethereum, and Tether. Cryptocurrency deposits are processed within 24 hours, and there are no commission fees.

deposit-withdrawal

Withdrawal Process:

To initiate a withdrawal, customers can request it through the provided chat consultation links, such as TELEGRAM, KAKAOTALK, or SKYPE. CASHTREE's professional customer service team ensures quick withdrawal procedures.

withdrawal-process

It's important to note that specific fees and processing times may vary for each deposit and withdrawal method. Customers are advised to review and understand the associated fees before proceeding with their transactions. For KRW deposits or account deposits, customers are recommended to contact the CASHTREE customer support center for assistance.

Pros Cons
Support for cryptocurrency deposits with quick processing Specific fees and processing times may vary
Deposits with no commission fees for many methods Some withdrawal methods may have associated fees
Multiple accepted currencies for deposits KRW deposits may require customer support assistance

Customer Support

CASHTREE provides multiple channels for customer support. You can reach their customer support team through the following contact information:

Telephone: +17844856124

Fax: +17844866124

Email: info@cashtree-forex.com

In addition to these communication channels, CASHTREE can also be followed on various social media platforms like Facebook, Skype, and Kakao.

It's important to note that CASHTREE's registered company address is mentioned as “First Floor, First St. Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines.” However, the additional addresses mentioned in the text (e.g., addresses in Switzerland, the United Kingdom, Canada, etc.) seem unrelated to CASHTREE.

customer-support

Conclusion

In conclusion, CASHTREE is an unregulated forex broker based in Saint Vincent and the Grenadines. While it offers a wide range of market instruments for trading, including forex, indices CFDs, commodities CFDs, stocks CFDs, and cryptocurrency CFDs, the lack of regulation raises concerns about transparency and security for traders and investors. CASHTREE provides high leverage options, which can be advantageous for potential gains, but it also amplifies the risk of losses. The broker offers multiple deposit and withdrawal options, along with the MetaTrader 5 trading platform and mobile and web-based solutions. However, the absence of regulatory oversight and suspicious elements, such as a dubious regulatory license and unrelated addresses, are significant disadvantages that should be carefully considered by individuals looking to engage with CASHTREE.

FAQs

Q: Is CASHTREE a regulated forex broker?

A: No, CASHTREE is not regulated by any recognized financial regulatory authority.

Q: What market instruments can I trade with CASHTREE?

A: CASHTREE offers trading in foreign exchange (forex), indices CFDs, commodities CFDs, stocks CFDs, and cryptocurrency CFDs.

Q: What is the maximum leverage offered by CASHTREE?

A: CASHTREE offers a maximum leverage ratio of up to 1000:1.

Q: What are the deposit and withdrawal options provided by CASHTREE?

A: CASHTREE offers various deposit methods, including VISA, MasterCard, NETELLER, Skrill, STICPAY, PayPal, bank wire, UnionPay, Perfect Money, and cryptocurrencies. Withdrawals can be initiated through chat consultation links such as TELEGRAM, KAKAOTALK, or SKYPE.

Q: Which trading platforms are available at CASHTREE?

A: CASHTREE offers the MetaTrader 5 platform, including its desktop version, mobile app for Android and iOS, and a web-based platform.

Q: How can I contact CASHTREE's customer support?

A: You can contact CASHTREE's customer support team via telephone, fax, email, or through social media platforms like Facebook, Skype, and Kakao.

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ifx2022
more than one year
이 업체에 속아서 $30,000 손해 봤습니다. 담당자가 리딩 유도 함
이 업체에 속아서 $30,000 손해 봤습니다. 담당자가 리딩 유도 함
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2023-05-29 17:52
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FX3779458291
more than one year
가장 완벽한 브로커라고 생각합니다 신속한 입출금과 친절한 응대 거래자에게 유리한 스프레드 및 수수료
가장 완벽한 브로커라고 생각합니다 신속한 입출금과 친절한 응대 거래자에게 유리한 스프레드 및 수수료
Translate to English
2023-03-04 12:11
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