Brokers  /  CA

CA

Severe riskForex / CFD broker
🇺🇸 United States · 5-10 years · since 2020-04-03 · COVENANT ADVISORS LLC
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.56/10
Trustpilot/5
Forex Peace Army/5
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No sign that CA actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • 10 user exposure/complaint reports filed
  • Withdrawal complaints in ~30% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameCOVENANT ADVISORS LLC
Headquarters🇺🇸 United States
Founded2020-04-03
Years operating5-10 years
Employees0
Official websitemember.cahyfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

CA is an unregulated forex broker with a severe scam risk score of 75/100. The complete lack of regulatory oversight and verifiable operational information makes it a high-risk choice unsuitable for any prudent trader.

Best for
  • None, due to severe risk warning
Not for
  • Traders seeking regulated brokers
  • Conservative investors
  • Anyone requiring fund safety
Period:
What users complain about
Where reviewers are from
Hong Kong7
Malaysia2
Mexico1

Real user reviews

Where CA operates

Based on its licenses and complaint records.

🇭🇰 Hong Kong 7 complaints
🇲🇾 Malaysia 2 complaints
🇲🇽 Mexico 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About CA

Overview

CA is a forex and CFD broker that claims to operate through its website cahyfx.com. According to our records, the entity was registered in the United States on 2020-04-03. However, independent public information about the broker is extremely limited, and no official company details or operational history beyond the registration date are readily available.

Given the lack of transparent information, traders should approach this broker with extreme caution. The absence of verifiable operational details is itself a significant red flag in the forex industry, where reputable brokers typically provide comprehensive company information.

Regulation and Safety

Our records indicate that CA holds no regulatory licences from any known financial authority. The broker's regulatory status is listed as 'NONE', meaning it is not supervised by any reputable regulator such as the CFTC, FCA, or ASIC.

Operating without regulation exposes traders to substantial risks, including potential mismanagement of funds, lack of dispute resolution mechanisms, and no guarantee of fair trading practices. The FXCanary Scam Risk Score of 75/100 (Severe) reflects this critical lack of oversight.

Account Types and Trading Platforms

Due to the absence of official information from the broker's website in our analysis, we cannot confirm the specific account types or trading platforms offered by CA. Typically, brokers provide standard, mini, or Islamic accounts, but no such details are publicly verifiable for this entity.

Traders are advised to exercise extreme caution if considering any deposit, as the lack of platform information may indicate an unprofessional or even fraudulent operation.

Instruments and Funding

Similarly, the specific trading instruments and funding methods available through CA are not documented in public sources. While brokers commonly offer forex pairs, indices, commodities, and cryptocurrencies, these cannot be confirmed for CA.

Without verifiable information on deposit and withdrawal methods, traders cannot assess the liquidity or reliability of fund transfers. This opacity further elevates the risk profile of this broker.

Target Audience

Given the severe risk warning and lack of regulation, CA is not suitable for any category of trader, particularly retail investors who require regulatory protection. The broker may target inexperienced traders who are unaware of the dangers of unregulated entities.

Professional traders with sophisticated risk management capabilities would also find it imprudent to engage with an unregulated broker of this nature. The only conceivable audience would be those willing to accept extreme risk for potentially high returns, a speculative approach not aligned with standard investment practices.

Overview compiled by FXCanary from regulatory records and public data. full CA review