Forex Capital Gain Review: What Is Wrong With This Platform?
Do not take this platform as a transparent tool for making money. On the contrary, this shady provider is hiding behind an anonymous website while the authorities are hot on his tail.
Our Forex Capital Gain Review focuses on exposing the lies behind this investment hoax and how it promises lucrative returns to entice potential victims. Please read our analysis to learn how to identify trading scams such as Forex Capital Gain and BW.com.
|Regulated by:||Unregulated Scam Broker|
|Is This Company Safe?||No|
|Have Warnings from:||CFTC|
|Registered in:||US (allegedly)|
|Minimum Deposit:||300 USD|
|Trading Assets:||Forex, Binary Options|
|Free Demo Account:||Unavailable|
|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 ForexCapitalGain Regulated?
Forex Capital Gain LTD claims to be a legitimate American trading company but there is no data about this entity anywhere on the internet besides the broker’s website. We did some more research and managed to find a regulatory warning against this platform.
On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) put Forex Capital Gain on its RED List and flagged the broker as unauthorized. “If an unregistered entity solicits you, exercise extreme caution,” says the CFTC so please heed this warning.
Instead of trusting unlicensed providers, you should stick to regulated brokers operating under the supervision of a reputable financial authority such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.
Who Are Forex Capital Gain’s Targets?
According to godaddy.com/whois, the forexcapitalgain.com website domain was created on May 21, 2020. Since then, the financial swindler has been targeting mainly unsuspecting traders who reside in the following countries:
All these countries are heavily regulated in terms of the financial market. To reiterate, the US CFTC clearly and unambiguously stated that this brokerage firm is not licensed. All of Forex Capital Gain’s services are illicit.
Trader Reviews – Sharing Experiences
If you need more proof that this is a scam, simply check out the trader reviews on trustpilot.com. At the time of this writing, the brokerage firm received eight negative reviews. Frustrated traders explained how the scam works.
Please avoid trading on unregulated and blacklisted platforms such as Forex Capital Gain or TimBullman and instead stick to transparent brokerage firms with safe trading conditions. In case you experience withdrawal issues with this broker, or any other shady provider for that matter, please contact us for help because we can help you recover your funds.
Which Trading Platform Is Available?
Forex Capital Gain offers an oversimplified and rudimental web trading platform, which supports popular Forex currency pairs and binary options trading.
We were unable to check out the platform because there was no demo account option. Nevertheless, browser-based platforms are generally lackluster and can easily be manipulated to create an illusion of trading profits.
For that reason, you should not trade on web terminals. if you want a pure trading experience, you should stick to licensed providers that support recognized third-party trading software such as MetaTrader 4, MetaTrader 5, or cTrader.
Available Investment Plans
|Minimum Deposit||300 USD||700 USD||1,000 USD||1,500 USD|
|Return on Investment||2,778 USD||4,289 USD||7,167 USD||9,556 USD|
Leverage, Spreads, Commissions, Demo Account
The maximum leverage that Forex Capital Gain offers was not disclosed. In general, high leverage can amplify potential profits, but it also significantly increases the risk of potential losses, hence the regulatory limit of 1:50 for retail clients in the US.
Spreads and commissions, i.e. trading costs were not disclosed either, which raises concern. Such a lack of transparency is alarming. As for the ROI listed on the website, it’s impossible to guarantee such precise profits in such short periods of time.
If you are a beginner, you should not be risking real money straight away. Unfortunately, Forex Capital Gain doesn’t support a free demo account. Every legitimate brokerage firm nowadays offers a demo account so be sure to choose the right provider.
Deposit and Withdrawal Process
Forex Capital Gain states that there are several available payment methods that can be used to fund live trading accounts:
- Credit/debit cards;
- Wire transfers;
The minimum deposit requirement is 300 USD and there are allegedly no deposit and withdrawal fees. Regardless, it’s unlikely that you’ll be able to withdraw funds from this platform so please consider a chargeback.
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. Wire transfers can be reversed via a recall but this action can only work for transactions yet to be completed.
Key Facts To Consider About Forex Capital Gain
To sum up, Forex Capital Gain is a fraudulent broker with no valid license. The cyber con artist is mainly targeting traders from the United States, United Kingdom, Canada, India, and Malaysia.
We do not recommend this platform because it is unregulated, plus listed on the US CFTC regulator’s RED List. In case you are a victim of the Forex Capital Gain scam, you must seek our professional help to recover your money!
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 chargeback process and assist you every step of the way.
Book your consultation with us today and start the chargeback process.
What is Forex Capital Gain Broker?
Forex Capital Gain is an anonymous Forex and binary options trading scam that operates with no license and scams traders.
Is My Money Safe With ForexCapitalGain.com?
Absolutely not. Several traders have been defrauded by this unscrupulous scammer over the past three years.
What to Do If I Was Scammed By An Online Broker?
You should book a free consultation with our team so we can go through your case together and come up with a proper solution to get your money back!