General Information About the Broker
Cabal Wealth (cabalwealth.com) presents itself as a reliable trading platform offering access to forex, stocks, commodities, and cryptocurrencies. However, closer inspection reveals several warning signs suggesting that this broker may not be legitimate.
A WHOIS check shows that cabalwealth.com was registered recently, contradicting any claims of long-term market experience. Scam brokers often create new websites, operate for a short period, and then disappear with investors’ money.
Claimed Licenses and Regulation
Regulation is one of the most important factors when evaluating a broker. Cabal Wealth (cabalwealth.com) does not provide any valid licensing information on its website. A search in major regulatory databases such as FCA, CySEC, and ASIC does not show this broker as a registered entity.
Operating without regulation means there are no legal protections for traders. This increases the risk of withdrawal restrictions, account manipulation, and loss of funds.
Trading Conditions
While Cabal Wealth (cabalwealth.com) advertises attractive trading conditions, there are several major concerns:
- Hidden fees – The broker provides little information about spreads, commissions, and withdrawal costs.
- High leverage – Reports suggest leverage up to 1:500, which is far riskier than what regulated brokers offer.
- No clear withdrawal policy – Scam brokers often impose excessive fees or conditions that make withdrawals impossible.
The lack of transparent trading conditions is a major red flag, as traders may face unexpected charges or find themselves unable to access their funds.
Trading Platform and Technology
Legitimate brokers offer industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). However, Cabal Wealth (cabalwealth.com) appears to use a proprietary web-based platform, which raises concerns.
Many scam brokers use manipulated platforms to create artificial losses, prevent withdrawals, or delay executions to the trader’s disadvantage. Some users have already reported technical issues, price discrepancies, and suspicious platform behavior.
Client Reviews and Feedback
Numerous negative reviews indicate that Cabal Wealth (cabalwealth.com) may be engaging in fraudulent activities. Common complaints include:
- Blocked withdrawals – Users report being unable to withdraw their funds.
- Aggressive tactics – The broker pressures clients to deposit more money.
- Unresponsive customer support – Once funds are deposited, support becomes difficult to reach.
Multiple complaint boards and trading forums confirm that traders have faced serious issues with this broker.
Potential Scam Strategies
Based on multiple warning signs, Cabal Wealth (cabalwealth.com) may use the following scam tactics:
- Fake investment opportunities – Luring traders with promises of guaranteed profits.
- Withdrawal restrictions – Delaying or outright refusing to process withdrawals.
- Platform manipulation – Using a rigged platform to generate false trading losses.
These deceptive practices are typical of unregulated brokers operating with fraudulent intentions.
Expert Opinion
Given the lack of regulation, negative user reviews, and hidden trading conditions, Cabal Wealth (cabalwealth.com) appears to be an unreliable broker. Traders should avoid dealing with this platform, as the risks of financial loss and withdrawal issues are extremely high.
It is always recommended to choose a regulated broker that offers transparency, legal protection, and reliable trading conditions.
Conclusion
Cabal Wealth (cabalwealth.com) exhibits multiple signs of a scam broker, including a lack of regulation, unclear trading conditions, and numerous withdrawal complaints. Traders should avoid this broker and instead opt for a trusted, licensed trading platform to ensure security and fair trading practices.
