Beware! Cuarto Capital is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Cuarto Capital is a broker we would never invest with. This is nothing more than another fraudulent company that asks you to invest without providing any prove that it is reliable and safe. The trading conditions and environment we encountered were also far from great. Whatever you do, do not fall for this broker’s promises – there is absolutely no truth to them.
Cuarto Capital Regulation and Safety of Funds
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
Cuarto Capital is a broker based in St. Vincent and the Grenadines – which is a huge red flag.
Up until recently, this country had absolutely no requirements for forex brokers and did not monitor their activities at all. This is the reason why so many scam companies chose St. Vincent and the Grenadines as the base for their activities in order to avoid supervision. A recent requirement demands that brokers based in the country are regulated by a financial regulator elsewhere – any financial regulator. This is not hard to achieve – and is hardly the strictest of requirements. This broker did not provide any sort of proof that it is regulated elsewhere which means that they are not legitimate even by St. Vincent and the Grenadines standards.
Cuarto Capital has also managed to attract the attention of the CNMV- the financial authority of Spain. The regulator recently published a warning on the broker stating that they are not a reliable investment solution.
Such a warning is the final nail in this broker’s coffin – it proves that we are definitely dealing with a dangerous scam scheme that is best avoided.
What we would recommend is working with a reliable broker regulated in a strict jurisdiction such as the UK, the EU, or Australia.
Cuarto Capital Trading Software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|Cuarto Capital platform||❌||❌||❌||❌|
|MT4||30+ indicators||✅||✅||Android and iOS|
|MT5||50+ indicators||✅||✅||Android and iOS|
|cTrader||40+ indicators||✅||✅||Android and iOS|
Cuarto Capital offers access to a simple web-based trading platform:
The broker also promised some sort of desktop terminal we were able to download. However, that terminal did not seem to belong to this broker but to another company altogether.
Although Cuarto Capital’s web platform was easy to navigate and intuitive, we cannot recommend starting to trade on such rudimentary software. Many legitimate brokers offer far better, more functional platforms like MetaTrader 4 and MetaTrader 5.
Cuarto Capital Trading instruments
Cuarto Capital offers access to popular markets such as Currencies, Indices, Equities, Commodities, and Crypto. However, the number of instruments was quite limited. Legitimate brokers usually offer hundreds, and often enough thousands, of trading instruments.
Cuarto Capital Spreads and Cost of Trading
Cuarto Capital failed to impress us with its spreads – we got 2.6 pips on EURUSD, 2.4 pips on USDJPY, and as much as 3.2 pips on GBPUSD. Considering that the industry average is 1.5 pips but many brokers try to keep their spreads even lower, turning to these scammers is not worth it.
Cuarto Capital Maximum leverage
|Cuarto Capital broker||200:1||No information||1:5||1:50||1:50|
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
Cuarto Capital allowed us to trade with leverage as high as 1:200 on forex majors. This is far too high. Although it might be tempting with such rates since you could make bigger profits faster, leverage comes with certain risks. The chance of losing far more money very fast is just as bigger – and even bigger if you are an inexperienced new trader or in volatile market conditions.
Always be careful with your leverage settings and avoid taking unnecessary risks.
Cuarto Capital Deposit and withdrawal methods
|Deposit time||Withdrawal time||Fee|
|Bank wire||2-5 business days||2-5 business days||$25+|
|Credit card||Instant||24 hours||Free|
|PayPal||1 hour||24 hours||2%|
|Skrill||1 hour||24 hours||2%|
|Neteller||1 hour||24 hours||2%|
|Crypto||24 hours||24 hours||Fee depends on crypto|
Cuarto Capital would not let us deposit – or even see which deposit methods were available – before we had had our account verified. But no matter the deposit methods, we would not recommend that you deposit with this broker since they are obviously nothing more than a dangerous scam scheme.
Legitimate brokers usually let their clients choose between a wide variety of deposit methods – wire transfer, credit and debit cards such as Visa, MasterCard, and Maestro, e-wallets like Skrill and Neteller, and sometimes even crypto.
Cuarto Capital Minimum deposit
The minimum deposit Cuarto Capital asks for is $250. This is a fairly standard minimum deposit amount – but for most brokers these days, it would be more of an upper limit. There are plenty of companies that would open an account for much less – even for as little as $10.
Cuarto Capital Withdrawal requirements
Cuarto Capital did not provide information about the minimum deposit requirements it has. The problem is that such shady brokers usually do have withdrawal requirements – often enough outrageous ones. You might be asked to reach outrageously high trading volume requirements before being able to withdraw anything from your account, even your own money. Other scammers charge very high withdrawal fees – sometimes as high as 20% of the deposited amount.
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|Cuarto Capital / offshore brokers||No information||No information||No information|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|