KAMA CAPITAL REVIEW 2024
COMPANY INFORMATION
Kama Capital Group includes two related companies.
The first is – Kama Capital UAE – REP office, located in the United Arab Emirates, is regulated by the Dubai Economic Department (DED).
Kama Capital SVG is a legally registered entity located in Saint Vincent and the Grenadines but not regulated by any government agency.
AVAILABILITY
All nations are welcome to register as clients of Kama Capital Group, with the exception of those sanctioned by OFAC.
DISTINCTIVE FEATURES
- Simple procedure for registration and verification.
- Clients can open an institutional kind of account.
- operates in jurisdictions in the UAE and overseas.
- tight spreads on the main pairings of currencies.
TRADING INSTRUMENTS
A forex broker offers the following underlying assets for trading:.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 8 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal CFDs | Based on Gold and Silver. |
| 4 Energy CFDs | Based on Crude Oil (WTI, Brent). |
COMPREHENSIVE REVIEW
Kama Capital is a forex and CFD broker based in Saint Vincent and the Grenadines, an offshore state with no forex broker regulation. Despite this, the broker claims to be “authorised and regulated” in Saint Vincent and the Grenadines on its website, which is patently incorrect.
Kama Capital claims to be “regulated by the Dubai Economic Department” and to have a representative office in Dubai, United Arab Emirates, in addition to its offshore registration. We find this assertion doubtful because the Department of Economy (DED) in Dubai does not directly oversee forex brokers. Rather, the Central Bank of the UAE (CBUAE) or the Dubai Financial Services Authority (DFSA) are the regulatory bodies in charge, and DED provides business registration services in Dubai.
PRODUCT OFFERINGS
Kama Capital offers a pretty basic selection of trading products, including over 40 currency pairings, many major stock indexes, precious metals, and energy commodities. Despite being headquartered overseas and accepting cryptocurrency deposits, they don’t provide cryptocurrency trading. Bonds and single stocks are other asset types that we wish were available here but aren’t.
The trading platform that this broker presently supports, MetaTrader 5 (MT5), is where Kama Capital’s trading instruments are traded. As most traders are aware, MT5 is available as both a web-based platform that can be used on any computer type and a regular downloaded software package for Windows systems. Like the majority of brokers, Kama Capital is also compatible with the MetaTrader mobile apps for Apple and Android devices.
REGISTRATION & VERIFICATION
Before registering with Kama Capital, prospective customers must select the kind of trading account they wish to use. There are three options available for this: an Institutional Prime account with a minimum deposit of $50,000 and spreads starting at 3 pips. A Prime account with a minimum deposit of $10,000 and spreads starting at 5 pips. You can also go for a Classic account with a minimum investment of $500 and spreads starting at 10 pips.
With a maximum leverage of 1:100 and charges of $2 for spot trading and $5 for futures trading, all trading accounts are ECN-style. In contrast to other b rokers, Kama Capital does not provide standard commission-free trading accounts in the STP model.
Bank wire transfers, major credit cards processed by Stripe, cryptocurrency processed by Floxypay, or e-wallets like Payoneer, PayPal, PerfectMoney, or Advcash can all be used to fund trading accounts.
Customers may utilize the live chat feature on Kama Capital’s website. They can give it a call, or send an email to get in contact with customer service. We are pleased to announce that the support staff for this broker is accessible five days a week, twenty-four hours a day.
CONCLUSION
In summary, we think it’s fair to state that Kama Capital might have done more to make clear the regulations governing it in the two countries in which it has registered offices. For now, this is unclear and unsettling to prospective customers. Increasing the number of trading instruments available to its clients would be another way Kama Capital might entice them. As of right now, the options are rather restricted and mostly cater to the demands of FX pair traders.
Future attention should be paid to Kama Capital as a broker if these developments are maintained.
