ANSWER Cabana Capitals is an unlicensed broker even though it states offers that look too good to be true.Cabana Capitals claims to be operated by Cabana Capitals Limited incorporated in St. Vincent & the Grenadines with the registration number 24185. But first, it should be noted that the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) does not have the authority to issue forex licenses and regulate forex trading activities. In addition, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. You can check this full warning from here.Regarding your question, Cabana Capitals is not a reliable broker for trading. Letting this broker hold and control investors' funds or trading with it is very risky. There are no safeguards in place to protect investors. Therefore, we would suggest investors stay away from unlicensed brokers like Cabana Capitals and trade with fully regulated brokers.
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