Calibur Review (2023)

Is Calibur a scam or legit broker?

It is not safe to trade with a Forex broker Calibur, as it is an unregulated clone firm. According to the website, CALIBUR is a trade name operated by Calibur Capital Markets (TCM) Limited (ex. Leadcapital Markets Limited), which is authorized and regulated by the Cyprus Securities and Exchange Commission, license number 227/14 and authorized by the FSCA (Learn about FSCA Regulated Forex Broker Avatrade), South Africa (FSP No. 47857). 

Calibur is a Forex and CFDs broker. The broker offers a Compensation Fund that will protect investments, and a high standard of account management service to explain all issues pertaining to trading and risks.

After checking this information, it turned our that CySEC license number provided by the broker belongs to another company Trade Capital Markets (TCM) Ltd. As to the South African license, it simply does not exist and cannot be found in the regulator’s register. There is obviously no Compensation Fund provided to broker’s clients, since the firm is not overseen by any regulator. 

A lot of companies, such as Calibur, purposely use the details of the well-regulated entities to mislead the potential clients. Such companies are called “clone firms” and should be avoided at all costs.

In addition, Calibur has been blacklisted by the Cyprus regulator CySEC, probably, because of the aforementioned false information the broker used to delude its clients. 

“The Cyprus Securities and Exchange Commission wishes to inform investors that the following website does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.”

Conclusion

We advise all investors and traders to avoid Calibur and other unregulated brokers. The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Cyprus and reliable brokers such as FP Markets and Alpari.

You can also share your trading experience with Calibur by commenting on this review.

Calibur website is no longer active.