CTE CAP Review: Is This Platform Being Manipulated?
The CTE CAP broker is a virtually anonymous website with dubious content. Traders can easily be fooled by promises of high leverage, tight spreads, and profitable trading, which is why you need to get informed.
Fortunately, our CTE CAP Review is here to reveal the nasty truth about the shady platform and the underlying scheme. Read our analysis to learn how to detect liars such as Gravity Trade and what you can do to recover your funds from cyber fraudsters.
|Unregulated Scam Broker
|Is This Company Safe?
|Have Warnings from:
|Forex, CFDs, Cryptocurrencies
|Free Demo Account:
|How to Withdraw from This Company?
|Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds.
Legal Info: Is CTE Capital Regulated?
CTE CAP is not a regulated platform. The legal background of this trading brand is a complete mystery and the documentation on the website was not helpful at all. A perfect precondition to get real CTE.
Trusting an anonymous website is incredibly risky. We do not recommend you trust unregulated brokers because they are not liable to provide you with a compensation scheme contract. You also won’t be able to count on help from the financial ombudsman service if you have a complaint.
Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the watchful eyes of renowned financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), JFSA (Japan), MAS (Singapore), etc.
Who Are CTE CAP’s Targets?
According to godaddy.com/whois, the Cte-cap.com website domain was created on June 15, 2023. For about half a year now, the financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:
- United Kingdom;
Each of these countries boasts heavy financial regulations and laws to prevent unauthorized phonies from deceiving local traders. One common law stipulates that each financial market participant is required to possess a necessary license or permit and this broker does not.
CTE CAP directly violates European regulations by offering users leverage higher than allowed (1:30) for retail clients. In Singapore, the cap is 1:20.
Trader Reviews – Sharing Experiences
The CTE CAP reviews on trustpilot.com were the first to put us on alert. We read disturbing complaints, stating that “if you have paid a deposit, or invested any money with them, you will NEVER see it again.”
If you swipe the broker’s website through a webparanoid.com check, the result shows a low trust score and suspicious status.
More negative reviews can be found on scamadviser.com. We urge you to read the negative feedback and learn how the scam works and which methods the fraudster uses to trick victims. Avoid unregulated platforms such as CTE CAP or offshore providers like WardenVC.
Which Trading Platform Is Available?
The CTE CAP trading platform is a rudimental web-based trading terminal that supports popular trading instruments such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies.
Contrary to the advertisement on the website, the platform failed to live up to the expectations. The interface is pretty lackluster while the tools are pretty scarce. Beginners may find this terminal easy to comprehend but advanced traders cannot benefit from it.
If you want a pure trading experience, you should stick to licensed providers that support recognized third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.
MT platforms are arguably the best in the industry, enabling traders to utilize cutting-edge tools such as automated & algorithmic trading, advanced charting, live market reports, API integration, 20+ timeframes, EAs, lightning-fast order execution, etc.
Available Live Account Types
Leverage, Spreads, Commissions, Demo Account
Finding information about the trading conditions was challenging as the website was not well organized. The maximum leverage that CTE CAP offers is capped at 1:200, which, as we mentioned, is significantly higher than the legal cap in force in top jurisdictions.
High leverage is a double-edged sword; it can amplify potential profits but also potential losses, making leverage trading a particularly risky activity. As for the trading costs, i.e. spreads and commissions, the broker did not disclose any specific values or figures, which raises concern.
Another big red flag is that there is no demo account. If you are a beginner, you should not be risking real money straight away. That’s why every legitimate broker nowadays offers a free demo account. CTE CAP does not so just avoid the platform.
Deposit and Withdrawal Process
The broker’s website listed three available payment methods that can be used to fund live trading accounts:
- Credit/debit cards (MasterCard, VISA);
- Wire transfers;
The minimum deposit is 250 USD/EUR/GBP. CTE CAP promises to cover all fees for card and electronic wallet payments as well as the deposit fee for wire transfers. However, given the provider’s shady background, you are unlikely to be allowed to withdraw your money.
In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wires can be reversed via a recall but this action can only work for transactions yet to be completed.
Key Facts To Consider About CTE CAP
To sum up our review, CTE CAP is an anonymous fraudster mainly targeting traders from the United Kingdom, Singapore, Portugal, and Norway.
We do not recommend the platform because it is unregulated and not transparent at all. In case you’ve lost money to the CTE CAP scam, you must seek our professional help to recover your funds!
Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.
Book your free consultation here and start the chargeback process.
What is CTE CAP?
CTE CAP is an anonymous trading scam that uses a web platform to steal users’ hard-earned funds.
Is Cte-cap.com Legit?
No, CTE CAP is not a legitimate broker. This platform is unregulated. Many have reported issues.
How Can I Recover Money From a Scam Broker?
Scam Brokers Reviews can help you get your money back via a chargeback so please get in touch with us ASAP!