Cashel Finance is a CFD broker with a domain registered on June 7, 2024. It primarily offers investment services in trading markets such as forex, digital currencies, precious metals, commodities, and funds to retail and institutional clients. However, it does not provide services to countries and regions where it could violate local laws or regulations.
Company Registration and Regulatory Status
Public information on the Cashel Finance (cashelfinance.org) website indicates that its services are regulated by financial regulatory authorities under U.S. jurisdiction. However, its terms of service page states that "any litigation arising from these terms must be filed in courts located in New Zealand, and can only be filed in courts in New Zealand." Clicking the "Legal" link at the bottom of the homepage redirects to the New Zealand Companies Register, showing that the company registered in New Zealand is CASHEL FINANCE LIMITED with a Company Number 8157465.
Upon verification, none of the U.S. financial regulatory bodies, including the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA), have any registration information for a company named "Cashel Finance." Additionally, the New Zealand Financial Service Providers Register does not list regulatory information for CASHEL FINANCE LIMITED.
Therefore, Cashel Finance (cashelfinance.org) is essentially an unregulated fraudulent broker website.
Account Opening Process
To open a trading account with Cashel Finance, visit their official website and click "REGISTER NOW" or "Join Now" at the top right corner to access the account registration page. Fill in personal information such as name, email address, and set a login password as required, then submit. After account verification, the registration process is complete.
Investment Plans
Cashel Finance offers users five investment plans: Starter Plan, Index Plan, Income Plan, Premium Plan, and Ambassadorship Plan.
Starter Plan:
- Trading period: 4 days
- Minimum deposit: $100
- Maximum deposit: $1,999
- Referral bonus: 10%
- Enhanced security
- 24/7 dedicated support
- Daily return rate: 1.5%
Index Plan:
- Trading period: 7 days
- Minimum deposit: $2,000
- Maximum deposit: $4,999
- Referral bonus: 10%
- Enhanced security
- 24/7 dedicated support
- Daily return rate: 2.5%
Income Plan:
- Trading period: 10 days
- Minimum deposit: $5,000
- Maximum deposit: $9,999
- Referral bonus: 10%
- Enhanced security
- 24/7 dedicated support
- Daily return rate: 3.3%
Premium Plan:
- Trading period: 14 days
- Minimum deposit: $10,000
- Maximum deposit: $19,999
- Referral bonus: 10%
- Enhanced security
- 24/7 dedicated support
- Daily return rate: 3.5%
Ambassadorship Plan:
- Trading period: 20 days
- Minimum deposit: $20,000
- Maximum deposit: No limit
- Referral bonus: 10%
- Enhanced security
- 24/7 dedicated support
- Daily return rate: 4%
Trading Platform
Cashel Finance offers a proprietary trading platform but provides no detailed introduction. It is only accessible via the web.
Deposits and Withdrawals
Cashel Finance supports deposits and withdrawals through various cryptocurrencies.
Conclusion
Traderknows reminds investors that Cashel Finance is a fraudulent broker luring investors with promises of high returns, but in reality, it lacks any regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
