Review – Scam Unraveled Upon Closer Scrutiny Review – Scam Unraveled Upon Closer Scrutiny

Boiler room operations are an ever concerning phenomenon. Fraudulent brokerage firms partner up with them to promote their unscrupulous services easier. As unsuspecting individuals fall prey to the promises of quick gains, they lose thousands of dollars worth investments. Read this review in order to avoid such pitfalls. 

Regulated by: Unregulated Broker
Is This Company Safe? No, this company targets unwary investors and has no functional Forex license!
Known Websites:
Have Warnings from: N/A
Registered in: N/A
Operating since: 2022
Trading Platforms: Web Trader
Maximum Leverage: 1:500
Minimum Deposit: € 5.000
Deposit Bonus: Hinted, undisclosed
Trading Assets: Forex, Crypto, Futures, Stocks, Indices, Energies, Metals
Free Demo Account: No
How to  Withdraw from This Company? Since no payouts happen without professional legal help, contact us immediately!

Nothing Legal About Them

The broker is so anonymous and secretive about their corporate information that you won’t be able to find a single piece of data about their business. There’s no phone numbers, physical address or any jurisdictional court mentioned in charge of the legal matters and solving disputes.

As it also appears, the conduct is not overseen by any Tier 1 authority or any other entity, including FCA, BaFin, NFA, ASIC, CySEC and others.

That right there is proof enough that this malicious campaign only aims to steal clients’ deposits. Considering that DeCapitals operates in the same manner, please also stay away from this fraudulent website.

Who is Victimized

With the domain creation date being November 2022, it’s hard to believe this company’s words about being in the business for over a decade. What is quite obvious, however, is the con’s preference to pester EEA investors for cash and these countries are especially affected:

  • Netherlands
  • Belgium
  • Germany
  • Sweden

Through the works of notorious boiler room agents, these miscreants are prepared to ruthlessly call their targets for days. Some victims report about being constantly contacted for over a year. 

This strategy is employed in order to lead targets to think that they won’t be having another shot at fortune and riches unless they immediately invest in this scheme. Of course, all particularities of the offer are a complete lie.

Traders Say “People Deceivers”

Nothing reveals the true state of matters and how a company conducts business better than user feedback. The amount of outraged customers grows by the day. 

As reviews on Trustpilot show, customers are terrorized by constant cold-calling and inability to take back their investments. Other popular review sites feature no ratings for this firm which speaks about their popularity.

Trading Terms Only Half Revealed

Different parts of the site provide entirely opposite info about the trading conditions. In account types, leverage given ranges from 1:10 to 1:50, while legal docs say it’s 1:400. Lastly, the Forex instruments page claims that currencies are traded under leverage of 1:500. Other fake brokerage platforms like EliomFX are also known to come up with these malicious strategies.

The situation is the same with spreads and commissions. To impress future clients, these cons claim that starting spreads are 0.0 pips and no commission is charged. That is not possible in any scenario. 

Hidden Bonus Conditions

Only after creating a new login and depositing first money to their account, the victims of the sham will be introduced bonus incentives. It isn’t clarified how much these bonus sums amount to. 

In order to withdraw them, traders have 60 days to reach the trading volume requirement. The number of lots you need to trade is: bonus amount divided by 4.

Deposits Required to Access Tools

A quite obvious reason why anonymous platforms shouldn’t be trusted is the fact that they always try to extort money one way or another. These fraudsters demand deposits to be made before they allow access to any features. That should tell you enough about their real goals.

WebTrader of Questionable Existence

The entrance to the trading room is denied so you’re forced to contact the support center. Alleged account managers that work there are nothing but scam operators that want to pressure you into depositing, in order to allow you to use the advertised web trader. 

There are also download options for the alleged proprietary app, but we don’t recommend you download any suspicious file and end up infecting your machine with malware.

Affinity for Crypto Assets crypto trading takes a central part of the unscrupulous scheme. Here’s a list of other tradable products groups included:

  • Currency Pairs – EUR/USD, EUR/GBP, USD/CHF
  • Crypto Currencies – BTC, ETH, XRP, SOL
  • Indices – NASDAQ, DOW, CAC
  • Metals – Gold, Silver
  • Energies – Oil, Coal, Natural Gas
  • Futures – Commodities and stock futures
  • Shares – Tesla, Meta, Disney

Packages With Unrealistic Options

Trading signals, around the clock connection to support, free learning materials and an abundance of other fictitious tools are featured with each account type. Of course, some accounts include even more attractive features to justify the insane pricing:

  • Beginner – € 5.000
  • Trader – € 10.000
  • Expert – € 25.000
  • VIP – € 50.000
  • Exclusive – € 100.000

Payment Processing

Scammers sure have a way with words. This charlatan assures their clients that all withdrawal requests are processed and completed the same day. As a special advantage of investing here, fast crypto to crypto transactions are mentioned. 

This is nothing to boast about, as almost every swindler only enables crypto transactions to remain anonymous and effectively prevent victims from tracing them. Such a strategy allows cyber criminality to flourish and avoid legal repercussions. Without proper legal support, you won’t be able to get your stolen investment back.

No Form of User Support

Clients that are struggling with denied payouts or other difficulties (and there’s plenty with scam portals) can’t count on adequate customer service. The only two ways to contact this platform are:

  • Online form
  • Email

Neither of these guarantees fast and comprehensive answers. As a matter of fact, nothing guarantees you’ll get an answer at all.

Get Help With Fund Recovery

As proven by the information provided through our investigation, this online trading firm is nothing but another unscrupulous attempt to rob retail traders. 

If you too have been trying to withdraw your stuck investment but to no avail, you should immediately get the legal support you need. Our chargeback assistants can guide you through the process and help you restore control over your capital.

FAQ Section

What is is a website meant to lead inexperienced Forex traders into a financial trap.

Is Legit?

Surely not because they lack any evidence of being registered and regulated by a prominent authority.

How to Get Money Back From a Scam Broker?

To succeed in claiming your lost funds, you should have efficient legal support. Our chargeback specialists are always at your disposal so book a free consultation today.

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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