Cara Markets

Cara Markets Limited is a forex and CFD broker registered in the United Arab Emirates, with its official domain at caramarkets.com. The company was founded on 2 January 2025, making it a relatively new entrant to the online trading space. Its registered address is 112, Building no. 4, Gold & Diamond Park, Sheikh Zayed Road, Dubai, UAE.

According to our records, the firm holds a licence from the UAE's Capital Markets Authority (CMA), specifically a Forex Trading License (EP) with licence number 20200000244. However, the status of this licence is listed as '—' in our files, and the company reports zero employees. This sparse operational footprint is worth noting for any trader considering the broker.

Cara Markets Limited is regulated by the Capital Markets Authority of the United Arab Emirates, holding a Forex Trading License (EP) with licence number 20200000244. The licence is categorised under the CMA's regulatory framework, which oversees financial services and securities activities in the UAE.

It is important to note that the licence number is not published in our records beyond this entry, and the status field is left blank. Traders should verify the current validity and scope of the licence directly with the CMA, as regulatory oversight is a key factor in assessing broker reliability.

Cara Markets offers three account tiers designed to cater to different levels of traders. The Standard account requires a minimum deposit of $100 and offers a maximum leverage of 1:400, making it accessible to retail traders with smaller capital. The Pro account raises the minimum deposit to $10,000, while the Premium account requires a substantial $25,000 minimum deposit, both also offering leverage up to 1:400.

Spread and commission details are not disclosed in our records for any of the account types. This lack of transparency on trading costs is a point of caution, as traders typically need this information to evaluate the true cost of trading.

The broker supports deposits and withdrawals via VISA and Mastercard, which are widely accepted payment methods. This provides a straightforward funding process for clients who prefer card transactions.

However, the absence of alternative payment methods, such as bank transfers or e-wallets, may limit flexibility for some traders. Additionally, there is no information available on processing times or any associated fees, which traders should clarify with the broker before committing funds.

Our records do not list the specific trading instruments offered by Cara Markets, and the web search results were inconclusive due to potential confusion with other entities. The broker's website may provide details on forex pairs, commodities, indices, and CFDs, but we cannot confirm this independently.

Similarly, information on trading platforms is not available in our known facts. Traders should check the official website for platform options, such as MetaTrader 4 or 5, and ensure they are comfortable with the technology before opening an account.

Cara Markets Limited was founded on 2 January 2025, meaning it has been operational for approximately 19 months as of the time of this review. The company reports zero employees, which is unusual for a brokerage and may indicate a very small operation or a shell entity.

Our FXCanary Scam Risk Score for this broker is 47 out of 100, categorised as 'Guarded'. The primary risk flag is its recent establishment, which raises questions about track record and long-term stability. Independent public information about the broker is limited, and the web search results did not clearly match the official domain and regulator, further complicating verification.

In summary, Cara Markets Limited is a newly established forex broker based in Dubai, UAE, with a CMA licence on file. It offers three account tiers with varying minimum deposits and leverage up to 1:400, and supports card-based funding.

However, the lack of disclosed trading costs, limited operational information, and the guarded risk score suggest that traders should exercise caution. We recommend conducting thorough due diligence, including verifying the licence directly with the CMA and testing the broker's customer support, before depositing any funds.