CAC400 Review

CAC400 fancies itself as a “forward-facing”, cutting-edge brokerage, which offers its traders an “intelligent” trading platform, suiting the needs of beginners and advanced, high-volume traders alike. Fancy talk aside though, the main selling points of the operation are – as stated on its website – its outstanding customer service and its unrelenting focus on client satisfaction.

The educational package offered by the brokerage is pretty impressive as well – and indeed a must, when it comes to easing beginners into the flow of trading, without scaring them from the get-go. The brokerage also offers a rather unique algo trading program, to which traders can sign up at the official site.

Overview

Be it as cutting edge as it may be, CAC400 just does not carry this “cutting edge” approach over to offering would-be traders enough information on the background of the brokerage. As a matter of fact, the official site of the operation has hidden all such information away (or has not made it available at all – that’s a possibility too).

The corporate entity behind the CAC400 brand is a certain Cherry Goose OU – based in Estonia. The company does not seem to be licensed and regulated in any way.

Furthermore, according to the trading grapevine, CAC400 may be linked to a couple of other corporate entities: Black Parrot Limited and Blonde Bear OU (no, we are not kidding, these are apparently company names too, well in line with “Cherry Goose” no less). The group maintains a number of other online brokerages, such as tradex1.com and tradesprime.com, not to mention wix500.com.

Despite the lack of regulation, the broker keeps the funds deposited by its clients in segregated bank accounts, with some high-profile financial institutions, so in that regard, it would indeed meet regulatory requirements.

Account Types

Before we go into the real money accounts offered by the broker, it is worth noting that CAC400 does indeed feature a Demo Account, with the goal of letting its traders whet their trading appetites in a risk-free environment.

As far as real money accounts go, there are three options.

The Silver Account features:

– a minimum deposit of $250

– access to a daily market analysis segment

– 27/7 support

– special offers (bonus)

– a training course

– maximum leverage of 1:200

– minimum order size of 0.01

– avg. spread: 3 pips

 

The Gold Account ups the stakes in every way. It requires/offers:

– a minimum deposit of $5,000

– daily and weekly market analysis

– market news

– maximum leverage of 1:400

– access to webinars and video lessons

– larger bonus

– a training course

– avg. spread: 2 pips

 

The Platinum Account is obviously the VIP option.

– it calls for a minimum deposit of $20,000

– it offers a superb bonus

– the maximum available leverage on this account is 1:800

– weekly and daily market analysis is available

– contact with Trading Rooms

– market news, training videos, webinars etc.

– avg. spread: 1.5 pips

 

The broker offers bonuses to those who register real money accounts with it.

The bonus amount is 40% on the Silver Account, 60% on the Gold one and 100% on the Platinum one.

Obviously, the trading conditions are better on the higher-tier accounts than on the $250 Silver one. 

 

Trading Platform/Software

In regards to trading platforms, the broker offers three options: the Web Terminal, a fully-featured version of MT4 and a Mobile Trader. Knowing MT4, it is safe to say that there will most likely not be any kind of problems with the trading platforms of this broker. The broker does offer guides and educational material on every aspect of its operation. 

Deposit Options

The broker has elected to keep things simple in this regard. Aiming for speed, security and convenience, it has decided to make Credit Cards the backbone of its deposit/withdrawal option selection.

Traders who use credit cards, can make their deposits in 4 different currencies: USD, GBP, EUR and JPY.  The accepted credit cards are VISA, MasterCard, Maestro and Union Pay.

The minimum deposit in every case is $200. Union Pay transfers take 24hrs to settle in accounts. In all other cases, payments are instant. All fees are supported by the broker.

Western Union is accepted as an alternative payment method. In this instance, the fees are covered by the trader though. The minimums are USD/GBP/EUR 100 and JPY 1,000. Western Union transfers take 24hrs to settle as well.

Markets

The market coverage of the broker is rather standard. Forex, Commodities,

Stocks and Indices are the main categories and neither of them surprises in any way.

The Forex section includes 52 currency pairs. As far as Commodities are concerned, the broker supports gold, silver, oil and a handful of other tradable assets.

The Stocks cover 12 currency pairs (which is a little peculiar, but this is what the broker says), and there are some 120 global indices available in the Indices category.

Customer Support

CAC400 customer support can be contacted through an email form. The response times on this channel are decent and the support staff seems knowledgeable.

Those looking for instant help can call a phone number: +442031500921 where they can request a callback.

Safety

As far as the safety of traders’ funds is concerned, theoretically, there should be no problems. It has to be pointed out again though that the broker is not regulated.

Final Thoughts

CAC400 looks good at first glance, but it is not regulated and its reputation is at least a little questionable.

CAC400 Overview
Regulation: N/A