Sommario:CamTrade presents itself as a leading provider of online trading services, offering trading in forex pairs and various CFDs. They also claim to be operated by CamTrade PTY LTD which is licensed in Australia, however, the company information provided on the website is quite messy, and this broker has been verified to be a clone one.
General Information & Regulation
CamTrade presents itself as a leading provider of online trading services, offering trading in forex pairs and various CFDs. They also claim to be operated by CamTrade PTY LTD which is licensed in Australia, however, the company information provided on the website is quite messy, and this broker has been verified to be a clone one.
Market Instruments
Tradable financial instruments available on the CamTrade platform include forex currency pairs, commodities, indices and stocks.
Minimum Deposit
The minimum deposit with Camtrade is $250, which is in line with the offshore brokers, but higher than the regulated industry standards- $100 on average.
Inactivity Fees
After 6 months of inactivity, an account becomes dormant and will be subject to a deduction of 10% per month, which is a typical scam clause that can be found in many proven scam brokers.
Leverage
The maximum leverage offered by CAMTRADE is up to 1:200, which is a ratio that‘s too risky for traders, and it’s available to adjust only upon subscription. Such a level may become the cause of lightning-quick losses, so make sure to handle it properly if deployed.
Spreads & Commissions
The EUR/USD spread is 2.3 pips, which isnt the best Bid/Ask difference you can find. It forms part of the trading costs, so lower rates are beneficial and largely determine whether the broker is good or not. Most legit brokers offers the spread on the EUR/USD pair is below 1.5 pips.
Trading Platform Available
Camtrade offers web-based trading software only. In fact, they pretend to provide a Desktop distribution, too, but its available for download exclusively upon a deposit.
Deposit & Withdrawal
Camtrade advertises using bank cards, wires, Skrill, Neteller, and Bitcoin. The withdrawal provisions are thoroughly unfair- a minimum of $100 for Credit/Debit and $250 for Wire Transfers. The charges are monstrous- $25 per bank card transfer plus a $10 processing fee and $50 for wires. There are also trading volume requirements applicable- clients need to trade at least 200 in turnover (whatever this should mean) to avoid paying 10% additionally. Thats definitely a scam!
La bolletta denominata Stablecoin Tethering and Bank Licensing Enforcement Act., proposto da Rashida Tlaib, un democratico del Michigan, insieme ai membri del Congresso, Jesus García e Stephen Lynch, mira a proteggere i consumatori dalle minacce emergenti associate al mercato delle criptovalute e richiederà a chiunque che offre stablecoin l'approvazione della Federal Deposit Insurance Corporation (FDIC) e di altre agenzie governative competenti.
Le autorità cinesi hanno confiscato criptovalute per un valore di oltre 4,2 miliardi di dollari in relazione alla famigerata truffa Plus Token, rivelano i file del tribunale locale.
Matthew Piercey, l'uomo dietro due società di investimento - Zolla e Family Wealth Legacy, è stato arrestato dagli agenti dell'FBI a Sacramento con l'accusa di frode telematica, manomissione di testimoni, frode postale e riciclaggio di denaro, che si è appropriata indebitamente di circa 35 milioni di dollari di fondi degli investitori, come affermato dalla corte degli Stati Uniti.
Salgono a 323 i domini dei servizi finanziari bloccati da Consob.