CaesarTrader (which is a brand name of CTFC limited) is a scam.
They are not registered with its respective regulatory body, the New Zealand Financial Markets' Authority as they claim. CTFC is owned by an Israeli citizen, registered at the address of a New Zealand corporate registered address provider, the website runs on Russian servers.
And the problem is not just a missing seal. Apparently, their equity bonus program's rules does not allow any trader to benefit from the bonus equity they get. They cannot withdraw the bonus money, but they cannot even withdraw the profit gained by this bonus equity (they let you withdraw only 20% of your profit as maximum).
On the other hand all your losses are deducted from your own equity first, so after just a couple of loss-making trades, all your own equity is gone, and only the "inmoveable" bonus equity remains. After that point, you will never get your money back.
I report this scam on behalf of the TradeProofer.com community, we are to benchmark and spot poor broker executions and bring transparency and objective broker performance analysis to the forex industry.
They are not registered with its respective regulatory body, the New Zealand Financial Markets' Authority as they claim. CTFC is owned by an Israeli citizen, registered at the address of a New Zealand corporate registered address provider, the website runs on Russian servers.
And the problem is not just a missing seal. Apparently, their equity bonus program's rules does not allow any trader to benefit from the bonus equity they get. They cannot withdraw the bonus money, but they cannot even withdraw the profit gained by this bonus equity (they let you withdraw only 20% of your profit as maximum).
On the other hand all your losses are deducted from your own equity first, so after just a couple of loss-making trades, all your own equity is gone, and only the "inmoveable" bonus equity remains. After that point, you will never get your money back.
I report this scam on behalf of the TradeProofer.com community, we are to benchmark and spot poor broker executions and bring transparency and objective broker performance analysis to the forex industry.
