DoubleCapitals Review – Shady Platform, Costs, and Much More Revealed
Surprisingly, this firm has announced itself as a leading provider of forex and financial services. Yet, they forgot to mention the owner of this leading company. But that’s not all of the irregularities with this firm.
Keeping an eye on the right things can keep your funds safe when it’s the most important. That’s why we suggest you read this DoubleCapitals review carefully. But also do not miss out on some extra tips in our Immediate Edge review.
|Is This Company Safe?
|Have Warnings From:
|Cryptos, forex, indices, shares, commodities
|Free Demo Account:
|How To Withdraw From This Company?
|Considering the non-transparent trading platform, shady withdrawal, and bonus policy, you can expect various withdrawal issues. In case you experience any delay or problem during the withdrawal procedure, feel free to send us a message and book your refund consultation.
Legal Info: Is DoubleCapitals Legit Or A Scam?
Since the company doesn’t reveal any legal information, especially addresses, checking their license is not that easy. However, to be fair, they would announce it transparently if they had any. Even though they mention being regulated, the license number is not revealed.
Just in case, we were checking some Tier 1 regulatory databases., such as ASIC, BaFin, FCA, and CFTC. To sum it up, the results were disappointing. Instead of regulations, we found a warning from one of the most rigorous regulators – BaFin. We all know there’s no joking with Germans. Therefore, if you see a warning from this institution, you know it’s not issued without a reason.
Who Are DoubleCapitals’s Victims?
In general, this investment firm is mainly targeting traders on European soil. Luckily, traders are getting more and more informed and hopefully less scammed in the future. Still, traders from the following countries should take extra precautionary measures:
If you are one of those as well, share your experience with us in the comments below. Ultimately, our chargeback experts can analyze your case and present you with solutions.
In case you generally don’t trust negative reviews, here’s proof you should. After all, those negative reviews often lead to investigation and warning. In the case of DoubleCapitals broker, on Trustpilot, we can see only negative comments. In total, 9 of them.
Hopefully, you will avoid similar pitfalls in the future. But if somehow you fall for any of the swindlers’ tricks, reach out to us for advice. In the end, the first consultation is free of charge, and there’s nothing to lose.
Investment Costs With DoubleCapitals
As a huge disappointment, we discovered that traders can get below-average spreads only after they deposit 150k EUR. The starting ones are from 2.8 pips.
In addition to that, the company is not revealing commissions, overnight swaps, or any other fees in any of the DoubleCapitals accounts, which leaves them enough space for manipulation.
On top of that, the leverage of 1:400 is not something regulated brokers would offer to retail traders. That’s one of the easiest ways to recognize scams.
An additional problem with DoubleCapitals broker is the welcome bonus. The catch is that any time you receive a bonus, you have to meet a certain trading volume. That’s the amount accredited as a bonus divided by four (in standard lots). For instance, with a $200 bonus, you have to reach 50 lots or $5M.
DoubleCapitals Trading Features
Generally, the only advanced feature you can use with this brokerage is scalping. But even that is questionable considering their web trader offer.
Besides, if you are looking for copy trading, social trading or EAs, look elsewhere on time. However, we would suggest you read our Monafoli review and check how those same features can trick you.
Trading Platform Available
The most reliable trading software solutions are cTrader and Meta Trader. With these, it’s extremely hard to manipulate any details on the platform. Which is the key issue among scam brokers.
Thus, if the company offers a web trader, such as DoubleCapitals, prepare your nerves. Such platforms are unreliable as brokers can modify anything you see, and your account can get frozen.
Available Trading Assets
Usually, tradeable assets can play a big role in choosing a broker. If the broker is missing some category, they might be losing some potential clients. Yet, DoubleCapitals has got you covered in all fields. They offer:
- Forex – GBP/EUR, AUD/SGD
- Commodities – natural gas, palladium
- Shares – IBM, AMD
- Indices – NASDAQ, DowJones
- Cryptos – BTC, ETH
As mentioned, account types with this company don’t reveal many trading conditions. Thus, deposit requirements are extremely high for such low transparency. Even though they aim for 12.5K for the first deposit, most likely, they will accept something lower than that.
In any case, the options are:
- Bronze – 12.500 EUR
- Silver – 25.000 EUR
- Gold – 75.000 EUR
- VIP Platinum – 150.000 EUR
Mobile Trading App
Unfortunately, iOS and Android apps for the company’s platform are not available. Therefore, mobile users can expect even more trouble trading with this firm.
Another key disadvantage of this broker is demo account unavailability. But also platform transparency. Or lack of it if you like. Therefore, to test the company’s features, you’ll have to deposit some money first.
As can be seen, the company is not charging fees for credit card withdrawals. However, it’s not specified if there will be any other methods, such as crypto.
The shady thing is that the company is processing withdrawals within 30 days of opening the account. Another thing is the bonus that will prolong the DoubleCapitals withdrawal process.
Another reason not to trust this firm is its awful customer support. In fact, only e-mail and web question forms are available without clear operating hours and reply expectancy. So, you can only hope for a response.
Key Information To Consider About DoubleCapitals
The first issue is the non-existent DoubleCapitals regulation. On top of that, the company is hiding trading platform and trading costs. That’s already enough to make it clear they are not genuine. On top of that, there’s poor customer service availability, shady withdrawals, and a warning from BaFin.
Still, some traders might get caught unprepared and fall for the company’s tricks. Don’t worry, if that’s you, you are neither first nor last. But still, it’s the moment to do something about it. Get in touch with our chargeback team and find out your options.
What is DoubleCapitals?
Forex and CFD trading services from unknown location and with unknown owners is something defining DoubleCapitals scam broker.
Is DoubleCapitals a Legit Broker?
Not at all. Even though the company claims to be regulated, its trading name is not found in any regulatory database.
What is a Chargeback?
Chargeback is applied on card transactions once a dispute or fraud complaint has been filed. To get started with your chargeback process, contact our team for assistance.