Cana (canamrs.com) has been flagged by Australian Securities and Investments Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
What really bothers me about Cana (canamrs.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Great customer service|Full transparency|High security standards
Cons: Would like more payment methods|Account statements could be more detailed
The onboarding at Cana (canamrs.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Responsive team|Multi-device support|Fast deposits|Good analytical tools
Cons: Research section could be deeper|Would like more payment methods
The so-called education at Cana (canamrs.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.
Pros: Good analytical tools|Professional team|Social trading features
Cons: Email notifications too frequent|Withdrawal takes 1-2 business days
I had a dispute with Cana (canamrs.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Low minimum deposit|Multi-currency support|Clear documentation
Cons: Charting tools need more indicators|Slow to add new assets
The only good thing about Cana (canamrs.com) is that they remind you why regulation matters. I found them after doing extensive research. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Economic calendar|Risk management tools|Dividend tracking
Cons: Limited social trading features
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Cana (canamrs.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Wide product range|Regular updates|Reliable uptime
Cons: No crypto staking|Minor UI glitches occasionally
Cana (canamrs.com) locked my account without warning and demanded documents I had already submitted. for the past year and a half later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Wide product range|Clean UI|Market news feed
Cons: No fractional shares
Do not use Cana (canamrs.com) for anything serious. I used them for over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Automated trading options|Helpful community forum|Regular updates|Full transparency
Cons: Charting tools need more indicators|Onboarding videos are outdated
Customer support at Cana (canamrs.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Dividend tracking|Quick verification|Competitive fees|Good analytical tools
Cons: No live chat on mobile
The spread at Cana (canamrs.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: Fast execution|Dedicated account manager|Portfolio tracking tools
Cons: Spreads widen during volatile periods|Alert system is basic