InterCapital Review: Avoid Dealing with This Scam Broker

InterCapital is one of the least transparent companies that we saw recently. They are another offshore broker, based in the Commonwealth of Dominica, that is hiding something. They don’t provide any ownership information, office location or licensing info. Therefore, if you were thinking to invest any money here, just wait for a second.

Check all the facts in this InterCapital review first, and then make a decision. Don’t be fooled by this broker and their fake advertisements.

Also, we recommend you not invest in the fraudulent brokers FTMO, AvizGroup, and Vertex Market.

InterCapital Is Not a Regulated Broker? 

As the company is based in the Commonwealth of Dominica, it should comply with domestic FSU regulations. However, in their database, there is no mention of this broker. 

For our readers’ security, we checked as well Tier 1 regulators database to see if we could find anything about InterCapital broker there. Unfortunately, the answer is no. Therefore, any funds deposited here would be unsafe.

Even if the broker is anonymous like InterCapital, all details still can be revealed. When you analyze everything step-by-step you understand why not to invest your hard-earned money with brokers like this.

Reasons for Using a Regulated Broker for Trading

The regulated trading company brings a higher level of security. Moreover, clients are entitled to compensation and refunds in specific situations. With a licensed broker, clients have very clear trading conditions and transparent terms. This is not the case with InterCapital trading companies.

Since InterCapital is on the market since 2021, there are no warnings against them. But we expect very shortly to see some, considering the amount of negative InterCapital reviews.

What Platforms Does InterCapital Offer? – Available Trade Software

Instead of a trusted platform like MT4/MT5 or cTrader, this broker only offers a fairly poorly designed web-based trading platform. It doesn’t provide the most advanced trading tools like EAs, social or copy trading and, as such, it is not suitable for experienced traders. However, web-based platforms depend on the browser and they are not with fast executions.

Mobile Trading For Android

The broker presented availability for Android as something special. But any Android device has a browser that can access this web-based platform.

Besides that, it doesn’t provide any more features so it’s completely useless. In our opinion, we would skip this offer, for numerous reasons already. The choice is yours just think twice before investing any money here.

Trader’s Reviews of InterCapital

If you take a look at any InterCapital review, you will find customers screaming that it’s a scam. Especially reviews on Trustpilot, 7 of them in total, with 70% 1-star rating. 

Since they are a new broker on the radar, we expect many more in the future. In case you were scammed by this trading company share your opinion to prevent other people to fall into the trap.

What Financial Instruments Does InterCapital Include? 

This is a standard in the trading industry. Whether the broker is legit or not, they offer similar assets. Those are:

• Forex                        USD/AUD, EUR/NOK, GBP/SGD
• Commodities             oil, platinum, gold
• Indices                      DAX30, CAC40, DJI
• Shares                      Pfizer, Coca-Cola, Microsoft
• Cryptocurrencies       BTC, ETH, XRP

Since the broker is not regulated and offers insanely high leverage, these assets are very risky for trading. Especially with their web trader that could potentially be manipulated. It is often the case with non-regulated brokers.

InterCapital Service Countries

According to InterCapital reviews, they are scamming traders from:

• Australia
• Denmark
• UAE
• Jordan

Since they don’t provide any security for their clients, wherever you are coming from, your funds wouldn’t be safe. Better start looking for a licensed broker, before you get into this swindler’s trap. This broker is not here to help you make anything.

List of InterCapital Account Types

 If you are still looking to invest with this broker, here are the account types:

• Standard       2.500$
• Silver            5.000$
• Gold             10.000$
• VIP               50.000$
• PRO             Unknown

Higher accounts don’t bring you any high-quality features or advantages. Only higher leverage, more experienced account managers, and more education program. So, what you can expect after making an initial deposit of 250$ is to be pitched for more. Very quickly and very efficiently.

Can Customers Open A Free Demo Account?

InterCapital broker goes straight to the point. They don’t want to waste time on explanations with virtual funds. Therefore, they don’t have this feature enabled, like many licensed companies. 

Any broker should give insight into their trading platform, features, and conditions for free. That way you can make an educated, but not rushed decision.

InterCapital Deposit and Withdrawal Policies

Another unclear thing about this broker is its fund policies. If you are depositing, just make sure that you are using a debit/credit card so that you are entitled to a chargeback.

What we find interesting throughout their T&Cs is that during the withdrawal procedure, you might be asked to provide additional documentation according to the company Credit and AML laws. That’s one of the most common tricks to prolong the withdrawal process. Of course, after that many other excuses are coming.

InterCapital Details of the Terms and Conditions

T&Cs with the non-regulated broker is worth nothing. Especially if something should go in the customer’s favor. There is no regulatory body that is setting up the rules, therefore they make their own. So, be aware of cheap tricks and think wisely before you invest any money.

Leverage, Spreads and Fees

Leverage with this broker goes up to 1:400, which is 10 times higher than allowed according to ESMA rules or any other regulation. Spreads and fees are another mystery with this broker since access to the trading platform is denied. To sum it up, look for a licensed broker and start trading there.

What Should I Do If I Have an InterCapital Problem?

Since they don’t have any regulatory body that you can contact, only thing is to talk to experts for fund recovery. According to InterCapital reviews, they don’t give clients money back or respond to their attempts for contact.

To start a chargeback process and recover your funds, feel free to contact our expert team. Book your free consultation already today!

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