Cache coin investment (cachecoininvestment.com) is a Forex brokerage, it claims to be located in Europe but gives no address as to its precise location.
In the review below, we take an in-depth look at the feat Cache coin investment allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made the grandefx.com pro to determine whether it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
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Cache Coin Investment Platform
The site doesn’t broker support neither the MT4 nor the MT5 trading platform. They use a web-based platform to offer assets such as Forex (with leverages up to 1:100) CFDs, Indices, Stocks, and Precious metals.
This broker offers these additional features as reasons to choose them above the others
- Segregated accounts
- Rapid executions with no requotes
- No-dealing desktier-1
- Bank liquidity
- Full range of analytical materials
- Highly Competitive Forex Spreads, spreads start at 0.1 pips
Cache Coin Investment Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has four account types with bogus claims below
Startup Account
$500 to earn a minimum profit of $4,250
$800 to earn a minimum profit of $7,600
$1,000 to earn a minimum profit of $13,300
Standard Account
$1,500 to earn a minimum profit of $17,800
$2,000 to earn a minimum profit of $26,000
$2,500 to earn a minimum profit of $36,500
Premium Account
$3,000 to earn a minimum profit of $45,200
$10,000 to earn a minimum profit of $230,600
$20,000 to earn a minimum profit of $500,000
Cache coin investment Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
This broker does not mention any method that it supports. Normally, a broker would ssupport Visa, MasterCard, Skrill or Neteller for transactions.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Cache Coin Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker claims to be owned by Soleil Rouge Inc.
They don’t give any regulatory body that this company is registered under. So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
So, no, this broker is not a licensed broker
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Cachecoininvestment.com as they don’t give any information concerning if they are a regulated broker.
Cachecoininvestment.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
