Capital Whale Review – Is This Broker Reliable And Safe?
Capital Whale Review – Is This Broker Reliable And Safe?

Here’s one possible scenario – you’ve been sailing the sea of trading in search of a trustworthy broker. The waves were relentless, the current made change course and you crossed paths with a provider known as Capital Whale. 

It seems like the answer you were looking for but there’s doubt in your mind. On these stranger tides, the Capital Whale Review will be your 1st mate and outline the dangers.

What is more, we strongly advise you not to invest in Gain Trade, Forex Treasures and Fin Art Media fraudulent brokers.

Regulated by: Unregulated Scam Broker
Scammers Websites:
Blacklisted as a Scam by: FSMA
Owner: N/A
Headquarters Country: Cyprus
Foundation year: 2022
Supported Platforms: Web
Minimum Deposit: EUR 5,000
Cryptocurrencies: Yes
Types of Assets: Forex, Stocks, Commodities, Crypto, Indices
Maximum Leverage: 1:500
Free Demo Account: Unavailable
Accepts US clients: Yes

Capital Whale Is an Authorized And Regulated Broker?

The goal of this review is to prevent you from becoming like Captain Ahab and spending your years in bitterness seeking revenge on this Moby Dick of a fraudster. Our first move at the helm will be to check the regulatory status of this shady broker.

Capital Whale says it is based in Cyprus. Accordingly, we checked whether it possesses a license issued by the Cyprus Securities and Exchange Commission (CySEC), the local financial market regulator. There’s nothing on the financial swindler.

Steady, lad. We’re not there yet. What’s this European Financial Security mentioned at the bottom of the website? An obvious trick, that one. It’s fake, fictional! Now we’ve got the wind in our sails on the way to exposing this con artist so let’s fire one final cannonball – Capital Whale has been blacklisted by the Belgium Financial Services and Markets Authority (FSMA)!

Why Is Trading On a Licensed Broker’s Platform Preferable?

If you want transparency, you should rely on regulated and licensed brokers. This one, however, is not one. Trust us, we checked the websites of top-tier regulators like the FCA, ASIC, and BaFin and found nothing. Even the regulator of the fraudster’s alleged homeland of Cyprus has no files on it.

So Is Capital Whale a Decent Broker or a Scam?

Capital Whale is not a regulated broker firm. In fact, the company has been blacklisted in Belgium for providing unlicensed trading services.

Fraud Warning From Belgium’s FSMA

We think that the regulatory status of Capital Whale has been covered. There’s enough evidence indicating that this is a scam. All that’s left is to provide the link to the warning issued by FSMA. This is our final chanty for the financial swindler:

Capital Whale Warning

What Platforms Does Capital Whale Offer? – Available Trade Software

Capital Whale claims to offer an “award-winning online trading platform” for trailblazers that would give them the ultimate trading experience. We all know this is not true but let’s take a closer look and explain why.

First of all, a web-based platform cannot hold all the advanced tools necessary for great trading. In most cases, it’s unpolished and cheap-looking. One more thing to point out here is that upon accessing the platform, trading is not available, only making a deposit is. Don’t fall for this cunning trap.

Mobile Trading

Same thing here. It doesn’t matter on which device you access the platform. All versions are susceptible to manipulation and will surely loot your wallet. Capital Whale is just chasing clout.

AnyDesk, Team Viewer and Aeroadmin

We’ve arrived at the core of deception. Although these programs are legit per se, they can be abused by the scammer to gain insight into your personal information. Thus, this will put in jeopardy all the info you have on your PC. Capital Whale will use all means to persuade you to allow access but you must never do it.

Capital Whale – Countries Of Service

From what we’ve gathered, the scam broker targets people from the Netherlands, Belgium, and Sweden. It may have avoided the Flying Dutchman but the Belgium fleet managed to catch it. If you happen to reside in any of these countries, avoid the high seas.

Capital Whale Trade Range of Trading Markets

Capital Whale claims to offer the following trading instruments:

  • Forex pairs
  • Stocks
  • Commodities 
  • Crypto
  • Indices

As you may have guessed, it’s all fake. The scammer simply listed it all to appear legit. The trading platform will not allow you to trade anything.

What Do We Know About Capital Whale Account Types?

Capital Whale Account Types

Here we have five account types:

  • Bronze – EUR 5,000, leverage 1:20;
  • Silver – EUR 25,000, 1:50;
  • Gold – EUR 100,000, 1:100;
  • Platinum – EUR 250,000, 1:200;
  • Whale – EUR 500,000, 1:500.

Insane, right? EUR 5,000 just to start? Capital Whale is way over its head. The unscrupulous broker is more dangerous than we thought.

Also, we recommend you not to invest in the fraudulent brokers Cloxyields, Pibexa and Winvestock.

Negative Balance Protection

Negative balance protection means that even if markets move rapidly against you, your account will not be negative. However, for this to work, you have to first trade. As mentioned, it’s impossible to do so with this phony broker. Therefore, it’s another malicious lie.

Details About Leverage and Spreads

The leverage of 1:20 for the Bronze account is fine. It’s within the regulatory limit of 1:30. Other accounts, not so much. However, it’s irrelevant due to the broker’s unregulated status. Precise spread values were not disclosed.

Minimum Deposit, Withdrawal Terms and Fees

The minimum deposit is EUR 5,000. That’s pretty absurd if you ask us. There’s no legitimate broker that would demand that much from beginners. Fees range from 3.5% to 30%, again, it’s preposterous. The acceptable methods include credit/debit cards, wire transfers, and crypto.

The withdrawal section is made up of confusing clauses that set condition upon condition. In the end, it’s highly unlikely you’ll withdraw anything.

Bonuses – Terms & Conditions

As soon as you see that a broker is offering bonuses, know it’s an outrageous scam. Bonuses are banned by top regulators. Want to know why? Just read this sentence from the T&C that indicates a bottomless pit:

“In order to withdraw funds from an account that has been credited with a trading bonus, the trader will be required to execute a minimum trading volume of (bonus amount + Deposit) x25.” Tough luck withdrawing money.

Scammed by Capital Whale Broker? – Let Us Hear Your Story

During the terrible encounter with this scammer, your wallet was severely damaged. No worries, it might be a long shot but it’s worth a try. Let us tell you about the ways you can get your money back. There’s a chargeback, a recall and crypto tracing.

Chargeback, Recall, Crypto Tracing?

Go to your bank and request a chargeback for card transactions. Do so within 540 days. That’s it. The same goes for wire transfers, provided that the transaction hasn’t gone through. Crypto payments can be traced to a wallet. Only then can you request a refund.

What Is Capital Whale?

Capital Whale claims to be a legit broker operating in Cyprus.

Is Capital Whale a Scam Broker?

Capital Whale is a scam broker since it is anonymous and blacklisted.

Is Capital Whale Available in the United States or the UK?

This broker is available in the United States as well as in the United Kingdom.

Does Capital Whale Offer a Demo Account?

Capital Whale does not offer a demo account on its website.

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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