Review – Scam Features That Ring The FCA Bells Review – Scam Features That Ring The FCA Bells

As can be seen, brokerage has already been operating through two domains. The old one, was just shut down recently. But before that, there was also, which was operated by AEGION GROUP LTD as well. That one ended up on the FMA warning list and disappeared.  

Now, with all the facts you will find in this review, you will realize it’s just a matter of time when this trading brand will disappear as well. Therefore, we suggest you prepare on time for the refund process and read our recommendations at the end of this review.

Regulated by: No regulations
Is This Company Safe? No
Known Websites:;
Have Warnings from: FCA
Registered in: Saint Vincent and Grenadines
Operating since: 2022
Trading Platforms: WebTrader
Maximum Leverage: 1:500
Minimum Deposit: €5.000
Deposit Bonus: Available
Trading Assets: Cryptocurrencies, indices, shares, commodities, forex
Free Demo Account: No
How to  Withdraw from This Company? Even before the FCA’s warning you could realize that withdrawals are most likely impossible with this brokerage. Now, it’s just a matter of time before the company disappears completely. Before that happens, reach our refund experts for advice about the funds recovery procedure.

Legal info: Is Legit Or a Scam?

If you haven’t realized already that this company is an absolute scam, now you will. Firstly, with offshore registration in SVG, the company can’t have any domestic licenses. Therefore, they should opt for other ones.

Sadly, that’s not the case. Not only do they not have FCA, BaFin, or ASIC licenses, but they also got a warning from one of those—nothing less than the FCA. Therefore, all the company’s fairy tales about protection can be forgotten.

Who are’s Victims?

Since 2022, when was registered, the company has been targeting traders mostly in Europe. In this case, the most popular areas are: 

  • Spain
  • Italy
  • France
  • United Kingdom
  • Germany

With top-notch regulatory oversight in all these countries, we can just wait for all the warnings to pile up soon. But keep in mind not all regulations weigh the same. For that reason, we advise you to read our zForex review. If you don’t have time to waste, simply reach out for refund advice and get started with your refund process today!

Traders Reviews

Without reviews being available, it’s clear that this trading brand has zero reputation. But after you read their reviews for an old domain, you will realize the truth. Some of the basic warning signs were found in the company’s scam book. That’s a withdrawal commission.

In case the broker requires you to pay some money for your profits to be released, don’t do it. If you fall for this trick or any other, contact our experts for detailed advice.

Leverage, Commissions, Spreads, Fees and Taxes

Another sign that the broker is an absolute scam can be seen in their trading conditions, primarily leverage. In Europe, they should offer maximum leverage of 1:30 if they are operating legitimately. Thus, their leverage goes up to 1:500.

When it comes to trading costs, it’s quite strange to see them rise with higher deposits. Spreads starting at 0.1 jump to 1.5 pips. The same is true for commissions: for basic accounts, there are $0 commissions, but at some point, they are between €1.9 and €4.0 per lot.


Of course, all accounts may include bonus offers. Thus, if you accept any of these, prepare for nonsense conditions. 

To withdraw any of the bonus funds or profits generated with it, you need to reach the minimum trading volume of 30 times the bonus amount plus the deposit. In fact, it’s the most common way offshore unregulated brokers trick their customers. Trading Features

One highly promoted feature is related to crypto trading. They even promote safe crypto wallet options. Yet, without trusted regulations and transparency, none of this can be truly trusted. 

Obviously, the company’s goal was to extort cryptos because they think such transfers are unreachable. But that’s changed with the development of the CipherTrace tool.

Trading Platforms Available

For any trading activities, traders have to use the company’s web-based trading software. Apparently, the company offers advanced analytical and planning tools but nothing that advanced like copy trading or social trading. Yet, they present themselves as an award-winning broker for 2021. Or 2020. They couldn’t decide for what year they should lie.

Available Trading Assets

Since the platform access is limited, we have to trust what the company claims about the available instruments. Or we simply choose another, more reputable broker. In either case, their offer remains the same: 

  • Forex – GBP/SEK, AUD/NZD
  • Commodities – natural gas, palladium
  • Shares – Walt Disney, Netflix
  • Indices – ASX200, FTSE100
  • Cryptos – ETH, XRP

Account Types

The company’s account types mainly differ in the mentioned trading costs. Instead of getting better conditions for depositing more money, you get worse. 

Anyway, they require an insanely high €5.000 for a basic account. Yet, some reviews show they would also accept €250 to get started. All options are: 

  • Standard – €5.000
  • Premium – €25.000
  • Business – €100.000

Mobile Trading App

Apparently, the app is optimized for mobile users. But that’s never a good sign. Instead, you should opt for trusted software that’s present in stores like PlayStore or AppStore, such as cTrader.

Demo Account

It’s important to realize that after completing the login procedure, traders don’t have virtual funds for trading. Either you deposit €250 or you find another brokerage. The second option is far more reasonable, considering all the facts. 

For more clarity and tips, check our Axi Financial review as well.


As can be seen, none of the educational packages are available. Yet, once you deposit more than €250, their fake market specialists can offer some kind of education. 

But watch out if they want to use AnyDesk for it. If you accept it, your bank account or crypto wallet balance might be wiped out. Withdrawal

Of course, to process the withdrawal requests, traders will have to wait up to 5 business days. Meanwhile, the company will try to find numerous reasons for declining the request. Starting with verification issues, banking details problems, etc. 

However, the most common problem is the request for withdrawal fees. Non-existent fees, of course. If you get such requests, don’t fall for it.

Customer Support

On the positive side, the company at least offers transparent contact details, such as the UK and Cyprus phone lines, e-mail, and a web contact form. All channels are available from 9 AM to 6 PM on weekdays. Thus, the reliability of support after the FCA warning is highly questionable.

Key Information To Consider About

Primarily, the scam company has been operated by the company found on a warning list. Also, this trading name was found on the FCA warning list. If you need something more as proof, check their platform, trading conditions, and withdrawal policies. 

All lead to the conclusion that you won’t ever see your money again unless you use some refund options. That’s where our chargeback team can advise you properly about all the steps. Most importantly, the first consultation is free of charge. Book yours now before it’s too late.

FAQ Section

What is is an offshore brokerage that has tried to clone an authorized UK-based investment firm without success.

Is SafeCap Broker Legitimate?

Definitely not. Besides fraudulent trading conditions and platforms, the company operates without any regulations. On top of that, they ended up on the FCA warning list.

How to Get Money Back From a Trading Fraud?

With all the possibilities of payment options available, it’s the best option to talk to our refund experts. Book your free meeting today and find out what’s your refund option.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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