As a trader looking for a suitable platform for forex trading, you might come across cballu.com. However, before you invest your money in them, it is crucial to conduct some research on the platform to determine its legitimacy. In this review, we’ll take an in-depth look at cballu.com and analyze its features to establish whether it’s a scam or a reliable platform.
Overview
Cballu.com is an online forex broker owned and operated by CB All Universe Ltd. It promises to offer traders access to the best trading conditions in the market, including fast execution, market liquidity, tight spreads, and a wide range of trading instruments. The platform prides itself on providing its clients with a user-friendly interface, as well as a variety of educational resources to help them improve their trading skills.
Is cballu.com Regulated?
Regulation is a crucial component of any forex broker. Regulation ensures that brokers operate transparently and that they adhere to strict safety protocols to protect their clients’ funds. However, cballu.com does not provide any information regarding its regulation status on its website.
Warnings From Financial Regulators
A significant number of financial regulators have issued warnings against cballu.com. For instance, the British Columbia Securities Commission (BCSC) blacklisted the broker in May 2021. The regulator reported that cballu.com has been soliciting Canadians to open trading accounts, despite the fact that it does not have the necessary approvals to operate legally in British Columbia.
Similarly, Italy’s financial regulator CONSOB published a warning against the platform in June 2021, stating that cballu.com is operating in Italy illegally. Other financial watchdogs, including the Australian Securities and Investments Commission (ASIC) have also flagged the platform.
What Currency Pairs Do They Offer?
Cballu.com offers its clients access to a wide range of currency pairs, including major, minor, and exotic pairs. The platform also offers CFDs on commodities, stocks, indices, and cryptocurrencies.
Customer Support
Cballu.com provides its clients with several customer support channels, including email, phone, and live chat. The platform also offers a comprehensive FAQ section where clients can find answers to common questions.
Trading Platform
Cballu.com offers its clients access to the MetaTrader4 trading platform. The platform is renowned for its robustness, user-friendliness, and advanced features, making it a popular choice among forex traders. The platform is available for download on both desktop and mobile devices.
What Do Traders Think About cballu.com?
Several traders have reported negative experiences with cballu.com. The broker has been accused of employing high-pressure sales tactics to persuade clients to make big deposits. Many traders have also reported difficulties withdrawing their funds from the platform, which is a clear indication of a potential scam.
What To Do If You Get Scammed?
If you’ve been scammed by cballu.com, the first step is to file a complaint with the relevant financial regulator. Be sure to provide all the necessary details regarding your case, including your account balance, the amount of money you deposited, and any correspondence you had with the broker.
You should also contact Premiumrecoup for help. We will evaluate your case and will provide you with a free consultation and service recommendations to help you in recovering the fund.
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Final Thoughts
From the evidence presented in this review, cballu.com is not a trustworthy broker. Several financial regulators have issued warnings against the platform, and many traders have reported negative experiences with the broker. Therefore, we advise potential clients to stay away from cballu.com and choose a reputable forex broker instead. When choosing a forex broker, make sure that they are regulated and have a solid reputation among traders. It’s also important to consider the quality of their customer support, the trading platform, and the range of instruments they offer.
