Company Information

Get to know Cake Financials

Founded in 2006 by Steven Carpenter, Cake Financial was a Web 2.0 financial technology company that provided a platform for investment transparency. The service securely connected to users' existing brokerage accounts (such as E*TRADE, Schwab, and Fidelity) and allowed them to share their portfolio composition and performance with a network of other investors, either publicly or with a trusted circle. The mission was to leverage social networking to help individuals make more informed investment decisions by seeing the aggregated, anonymized trades of successful investors. Cake Financial was acquired by E*TRADE in March 2010 and the service was eventually shut down.

Industry

Financial InvestmentPRIMARY
Financial Other Service

Contact

Social

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Cake Financials

United States

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.