Kama Capital group includes 2 related companies.
Kama Capital UAE - REP office located in the United Arab Emirates, regulated by the Dubai Economic Department (DED).
Kama Capital SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Kama Capital group accepts clients from all over the world, excluding some OFAC sanctioned countries.
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).|
Kama Capital is a forex & CFD broker with its registered head office in Saint Vincent and the Grenadines, an offshore jurisdiction that does not regulate forex brokers. Despite this, the broker writes on its website that it is “authorised and regulated” in Saint Vincent and the Grenadines, which is obviously false.
In addition to the offshore registration, Kama Capital also has a representative office in Dubai in the UAE, which it claims is “regulated by Dubai Economic Department.” It’s worth noting that Dubai’s Department of Economy (DED) does not directly regulate forex brokers, so we therefore find this claim questionable. Instead, DED offers company registration services in Dubai, while the regulators in charge are either the Central Bank of the UAE (CBUAE) or the Dubai Financial Services Authority (DFSA).
In terms of the trading instruments offered, Kama Capital has a fairly basic offering, with around 40 forex pairs, some major stock indices, as well as precious metals and energy commodities. The broker does not offer crypto trading, which is a bit strange since it is based offshore and accepts crypto deposits. Other asset classes that we wish were offered here but are missing are single stocks and bonds.
All of the trading instruments offered by Kama Capital are traded on MetaTrader 5 (MT5), the only trading platform currently supported by this broker. As most traders know, MT5 can be used as a standard downloadable software package for Windows computers, as well as a web-based platform for use on any type of computer. As most brokers, Kama Capital also supports the Apple and Android mobile versions of MetaTrader.
Before signing up with Kama Capital, new clients need to choose what type of trading account they want to use. For this, the choice is between a Classic account with a minimum deposit of $500 and spreads from 10 pips, a Prime account with a minimum deposit of $10,000 and spreads from 5 pips, or an Institutional Prime account with a minimum deposit of $50,000 and spreads from 3 pips.
All of the trading accounts are ECN-style and come with commissions of $2 for spot trading and $5 for futures trading, as well as a max leverage of 1:100. Unlike most other brokers we have reviewed here on FX-List, Kama Capital does not offer typical STP-style accounts with commission-free trading.
All trading accounts can be funded with bank wire transfers, with major payment cards through Stripe, with crypto through Floxypay, or with the e-wallets Payoneer, PayPal, PerfectMoney or Advcash.
To reach Kama Capital’s customer support, clients can use the live chat option on the broker’s website, call its phone number, or reach out via email. We are happy to say that this broker’s support team is available 24 hours a day, five days per week.
In conclusion, we believe it’s safe to say that Kama Capital could do more to provide clarity on how it is regulated in the two jurisdictions where it has registered offices. As it stands now, this is confusing and not reassuring for potential clients. Another thing Kama Capital could do to make itself more attractive would be to add more trading instruments that its clients can choose from. For now, the selection is quite limited, and really only serves the needs of those who mainly trade forex pairs.
If these improvements are made, Kama Capital could certainly be a broker to keep an eye on for the future.