AgKapital Review: A Comprehensive Analysis of the Trading Platform
How can you trust an anonymous shady brokerage? What should you do if you are scammed? There are so many questions and so few answers. We tried our best to do an AgKapital review and answer everything you need to know.
|Regulated by:||No regulation|
|Supported Platforms:||Web trader|
|Cryptocurrencies:||Yes – BTC, ETH, BNB – 9 total|
|Types of Assets:||Forex, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
AgKapital Regulation and Security
AgKapital is an anonymous shady brokerage without an owner or disclosed headquarters. The broker is trying its best to present itself as a trustful company. However, that seems not to be the case. According to the agkapital.com website, the broker says funds are kept in tier-1 banks, yet we discovered those are banks in Estonia. We couldn’t really be calling them reputable, could we?
The broker is not safe nor secure, and there’s nothing good we can say so far about AgKapital forex brokerage.
Fund Withdrawal Issues
After careful examination of the broker’s website, we saw something we didn’t like. The broker states to be working only with digital currencies, and that’s how deposits are made. Now, as you can understand, it’s hard to follow transactions made via cryptocurrencies since money is transferred through several wallets.
Since the broker is not regulated, withdrawing funds is very hard. Once you activate your account with the minimum deposit of $250, some financial adviser will give you a ring. After a brief chat, he will tell you how much you should invest more to profit. And the story will sound logical, so that you might do just that.
The only problem is that you will be declined after you make the transfer and want your money back. Your account manager won’t call you back, and your account will be suspended. According to many AgKapital reviews we’ve seen, this broker has a pattern. Getting friendly until the withdrawal request is submitted. Do not fall for it.
How Does Online Trading Scam Work?
Online trading scams are usually starting from a phone call and an initial investment. In most cases, you are being asked for your credit card details over the phone, which we recommend you avoid. After the deposit is made, a financial adviser is persuading you to invest more. Or, in some cases, if you provided credit card details, the company takes money without your consent.
Now, you may even make some money on trades initially, but you won’t be able to withdraw it. And that is the critical issue with brokers such as AgKapital, which have no regulatory body to control them.
Scammed by AgKapital?
If you were scammed by an AgKapital broker, do not hesitate to report it. This illicit brokerage has scammed many people. You need to file a dispute and request a chargeback.
But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam.
Contact our support via online chat, and you will be provided with all the details necessary to start the chargeback process. Note that the first consultation is free. Let’s get your hard-earned money back now!
What is Ag Kapital?
AgKapital is an online trading brokerage without an owner or headquarters listed anywhere.
Is Ag Kapital a scam?
AgKapital is a broker without regulation or a license that is scamming clients.
Is Ag Kapital regulated?
AgKapital is an online trading brokerage without regulation or license for providing financial services.