CapitalMarket24 Review – How To Not Throw Your Money Away With a Broker
Generally, when you are searching for a broker, you should always look for transparent ones. If possible, with transparent legal information, founders, contact details, and address. But also with regulations.
Count things you think that you may find out about this broker. If you did, let’s go through a detailed analysis in our unbiased CapitalMarket24 review.
|Is This Company Safe?
|Have Warnings From:
|FMA, CONSOB, Finanstilsynet, CNMV
|Cryptos, forex, indices, commodities, shares
|Free Demo Account:
|How To Withdraw From This Company?
|If you trust fake reviews you will keep believing in withdrawal fairytales. But warnings from regulators tell you that you won’t see any of the funds back. Unless you apply for a chargeback immediately. To get professional guidance and advice, feel free to contact our team.
Legal Info: Is CapitalMarket24 Legit Or A Scam?
Since the company is not revealing any ownership details, there is a very low chance they are legitimate. Primarily because legitimate companies don’t hide such information. In any case, we were looking for the firm trading name in all top-tier registers. Some of those are FCA, BaFin, and CONSOB.
Expectedly, the results were not good. Instead of regulations, the company was blacklisted by four trusted European regulators. Everything started with Austrian FMA. Later, that warning was reposted by CNMV (Spain), Finanstilsynet (Norway), and CONSOB (Italy). Yet, the company claims on its website that security comes first for them.
Who Are CapitalMarket24’s Victims?
Another detail discovered about this investment company is its targeted areas. Mainly, those are European countries with fairly wealthy populations and strict regulations. Those are:
With such good systems, traders should be able to sort all issues out very quickly. Yet, recovering funds might be a bit harder. For that, we suggest you talk to our experts and find out your options. But also, you can find some general advice in our Bitopya.net review.
The biggest pitfall for any trader is fake CapitalMarket24 reviews. As can be seen, only on Sitejabber can we see 70 comments and only one negative. So, why does the company have so many warnings if they are so good? The only conclusion is that it’s all fake.
If you have a negative experience with this firm, let us know. Ultimately, after analyzing your case, our team can offer you adequate guidance.
Investment Costs With CapitalMarket24
Generally speaking, traders can’t trust any bit of detail on the CapitalMarket24 scam platform, starting with trading conditions. Sadly, not all important details are revealed.
Nevertheless, the company claims to provide spreads “FROM” 1.5 pips. What’s the chance for that low spread? Close to zero. On top of that, they provide leverage of up to 1:500 without negative balance protection. A perfect recipe to wipe off your balance.
Another issue is that the company doesn’t reveal the bonus policy. Yet, they are offering a bonus of up to 100%. With this in mind, you should watch out for small print in any contracts.
After all, it’s your money at stake. But to avoid other brokers with the same tricks, you should read our tips from the AAAFund review.
CapitalMarket24 Trading Features
Practically, the company doesn’t offer any relevant advanced features, such as copy trading, social trading, or Expert Advisors. Instead, they will link you with their senior market analyst. An expert at ripping people off. Also, those guys will develop a business plan and help you use TradingCentral for analytics. All to extort more money from you.
Trading Platform Available
The worst thing about this brokerage is its web-based platform. It’s barely a functional platform with only a placing order feature and minimum charting and analytical options. It would be a shame to compare it to top-notch apps like Meta Trader or cTrader.
Available Trading Assets
In general, vast tradeable assets are present on the platform. However, whether the market data is reliable remains a question. In any case, some popular options are:
- Currencies – CAD/CHF, EUR/AUD
- Indices – IBEX35, DOW30
- Commodities – Brent oil, cocoa
- Shares – Lufthansa, Adidas
- Cryptocurrencies – BNB, BCH
The account types with this firm don’t reveal many relevant details. The only trading-related information is about leverage and fairly unattractive spreads. Still, fees and commissions remain unknown.
In addition, the minimum requirement for the lowest account is insanely high. Especially when you know top-tier brokers require only $10 to get started. Anyways, the options are:
- Silver – 5.000 EUR
- Gold – 25.000 EUR
- Platinum – 100.000 EUR
- VIP – 250.000 EUR
Mobile Trading App
Another disadvantage of this company is that the trading platform is not optimized for mobile devices. It would be far better if the company developed apps and listed them in trusted stores. Thus, that’s not the case.
Exploring the platform features is always easiest with virtual funds. Yet, with a few functional options with the company’s platform, a demo account would be an absurd option. Even at first glance, you can see its downsides. Yet, with some more advanced brokers, it can be quite a suitable option to familiarize yourself with software.
One of the biggest issues traders can expect is the CapitalMarket24 withdrawal procedure. Firstly, processing time is not specified; according to them, it may take a few days. Secondly, the company is not disclosing withdrawal fees.
Yet, before all of these problems, you can expect verification issues. Surprisingly, they want to comply with KYC and AML laws. But in reality, it’s just a trick to prolong the withdrawal procedure.
If you were expecting to get adequate support from a CapitalMarket24 broker, forget it. After all, you have only e-mail and web contact forms available as options. Yet, working hours and some other quick-responsive options are not available.
Key Information To Consider About CapitalMarket24
All conditions with CapitalMarket24 Forex company are highly questionable. Starting with withdrawals, bonuses, fees and commissions. On top of that, the company is not regulated anywhere. And don’t forget all the warnings. Therefore, you should apply for a chargeback immediately before they disappear. For step-by-step advice, don’t hesitate to contact us.
What is CapitalMarket24?
CapitalMarket24 is a mystic Forex and CFD investment firm found on the warning list of multiple trusted regulators.
Is CapitalMarket24 a Legit Broker?
Absolutely not. The company is not licensed by any trusted authority nor do they provide transparent services.
What is a Chargeback?
When a consumer successfully disputes the transaction report, the charge is reversed and returned to the payment card. This is known as a chargeback. Contact us and apply for yours.