GTS Capital Review – Key Problems The Result Of Missing Regulations
One of the first things you notice is that the company doesn’t have an option for registration. This is an indication of how they operate, and we’ll cover that later in this GTS Capital review.
Another thing that makes traders question the company’s services is transparency about legal information. Addresses, contact options, and legal names are missing. Therefore, what else can you expect but to get scammed? Let’s find out how.
|Is This Company Safe?
|Have Warnings From:
|Web trader; (MT4 allegedly)
|Cryptos, forex, indices, shares, commodities
|Free Demo Account:
|How To Withdraw From This Company?
|Since the company is not transparent on numerous things and they lack regulations, withdrawal problems are inevitable. The moment you experience some, you should contact our chargeback specialists for consultation on the next step.
Legal Info: Is GTS Capital Legit Or A Scam?
The easiest way to check the company’s legitimacy is by checking regulatory status. Even though GTS Capital reviews might look good, there are far more important metrics. Anyways, checking for the company’s license in the FCA, ASIC, CFTC, and BaFin registers didn’t bring any results. Yet, the company is offering services to traders protected by those institutions.
Moreover, the company is not allowing new clients to register themselves. This tells you they are luring new customers through shady social media campaigns. Once they register for some shady offer like an auto-trading system or crypto giveaways, they simply get redirected to this scam broker. That’s when the whole journey starts.
Who Are GTS Capital’s Victims?
The reviews show us that the GTS Capital broker does not hesitate to target clients from the most protected systems. Such as the ones in:
- United States
- United Kingdom
Generally, traders from these countries will eventually get justice. But to get it, we have to first gather all the experiences. Therefore, share it in the comments below or contact us directly for consultation.
Overall, reviews of GTS Capital Forex broker look quite decent. In fact, on Sitejabber there are 10 comments and only one negative. Still, some firms are paying a lot of money for the negative ones to be removed.
All in all, without regulations, can we truly trust this firm? In any case, you should bear in mind that our chargeback team is available for consultation if needed.
Leverage, Commissions, Spreads, Fees and Taxes
One of the clear signs of this investment scam is the company’s leverage. While all top-tier regulated firms offer 1:30, for a reason, this broker gives leverage of 1:300. On top of that, they lack negative balance protection. So, the ultimate result is owing the money to the scammer.
General spreads are starting from 1.5 pips. But that’s rarely fixed at the lowest point. In any case, other costs are not revealed, and that’s where the danger is hidden.
The problem with unregulated brokers is that they can set up any rules they want. The same works for bonus offers. In case a trader accepts the bonus, they have a condition they have to comply with. That’s to reach the minimum trading volume of the bonus amount divided by 4 in order to withdraw the bonus funds. The number you get is the number of standard lots ($100K) you have to reach.
Also, you are limited to doing so within 60 days. If you fail, all bonus funds (including profits) are removed. And guess who decides what profits are generated with bonuses?
GTS Capital Trading Features
The company claims to offer amazing customer support, lightning-fast execution, and enhanced security. Thus, they can’t back up those statements anyhow. Especially not with their poorly designed web-based platform. Even though they mention MT4 availability, we haven’t seen such option.
Trading Platforms Available
As mentioned, the company didn’t opt for trusted software solutions, such as cTrader, Meta Trader, or DAS Trader Pro. Instead, you’ll have to go through all the trouble investing on a web-based platform. Most likely an unoptimized one.
But that’s the least problem. The more important one is manipulation scams that brokers are using heavily.
Available Trading Assets
Tradeable assets are generally traders’ last concern if the broker is not legit. In any case, the offer would be good if they are legit. Some of the available options are:
- Forex – GBP/AUD, EUR/SEK
- Commodities – natural gas, gold
- Shares – Amazon, Tesla
- Indices – DAX30, CAC40
- Cryptos – ETH, LTC
Important to realize is that GTS Capital account types reveal exactly what’s happening in the future. The first thing they help you with is introducing a crypto wallet. That’s where they start pitching arbitrage and fast funding and withdrawals. But don’t bite it.
Anyway, to get started, you’ll have to put aside at least $250. All the options are:
- Simple – $250
- Standard – $10.000
- Traditional – $50.000
- Premium – $100.000
- Asset Fund Management – Custom
Mobile Trading App
It’s not even worth talking about the company’s mobile app. Most importantly, they don’t offer iOS and Android dedicated solutions. This tells you enough about the app’s credibility.
But to see why trusted apps are important, read our StockScale review.
Another big disadvantage of this scam broker is the demo account’s unavailability. Without this feature, traders are left with only two choices. Either risk the money and register (somehow) or think about another broker.
If you still don’t know, maybe our Blackridge Capital Management Ltd review clarifies.
The only thing that can prevent traders from jumping into pitfalls is knowledge. That’s why trading education is crucial. Yet, this company doesn’t offer any. So, you may as well think about licensed brokers on time who want to try to manipulate you like that.
GTS Capital Withdrawal
In general, after all the clues so far, you can realize withdrawals won’t happen. In any case, the company’s policy reveals that card withdrawals are free of charge and that the processing time is up to 3 business days.
But watch out for the company’s special requests during the withdrawal procedure. That’s where it can get tricky, and they might ask you for more money.
Even though the company claims to offer unparalleled support, you will quickly realize that’s not the case. The phone number they provide looks like it is from Australia. But don’t get tricked by that because it might be just a VOIP service.
Anyway, the company doesn’t offer landlines, Skype, or live chat options. Neither do they reveal working hours.
Key Information To Consider About GTS Capital
The primary thing traders should consider is a lack of regulations. On top of that, they might think about non-transparent conditions, platforms, and lack of registration options. In the end, there’s not a single thing to attract anybody with this broker.
Still, what traders see first is a shady marketing campaign that gets them on the website. If you are one of those as well and you have a bad experience with this firm, feel free to contact us. Our refund specialists will gladly analyze your case and offer you adequate advice. Most importantly, the first meeting would be free. Get in touch now.
What is GTS Capital?
GTS Capital is an anonymous FX and CFD trading company that has been active since 2023.
Is GTS Capital a Legit Broker?
GTS Capital broker is not legitimate because of missing regulatory oversight, transparency, and legal information.
What is a Chargeback?
Reversed card transactions after approved disputes are called chargebacks. To get started with your chargeback, contact our team.