TradeCapital Review – Why Not To Trust Unregulated Firms?
TradeCapital Review – Why Not To Trust Unregulated Firms?

Generally speaking, the Trade Capital scam was exposed a long time ago by Italian and UK Authorities. Still, the company was actively trying to rob traders from all over the world.

Luckily, traders’ reviews and complaints filed to regulators resulted in many warnings being issued. On the other hand, they made this company disappear since nobody would trust them. Still, our TradeCapital Review holds some details you should watch out for with any broker.

What is more, we strongly advise you not to invest in IC Markets, Uptos and Fxbfi fraudulent brokers.

Regulated by: Unregulated Broker
Is This Company Safe? No
Known Websites: (inactive)
Have Warnings from: CONSOB, FSMA, FCA, CBI, CNMV, FI, FINMA
Registered in: Switzerland (allegedly)
Operating since: 2018
Trading Platforms: Web Trader
Maximum Leverage: 1:100
Minimum Deposit: $250
Deposit Bonus: N/A
Trading Assets: Forex, Commodities, Indices, Shares, Cryptocurrencies
Free Demo Account: Not available
How to  Withdraw from This Company? Since the company vanished after many regulatory warnings, the only way to get the funds out is through the chargeback or other refund methods. For detailed guidance, contact our refund specialists.

Is Trade Capital a Scam or Safe CFD Broker?

Trade Capital broker didn’t have any suitable license. Traders based in Europe and operating in the EEA zone should have at least one Tier 1 license. Such are from FCA, BaFin or ASIC. However, Trade Capital was not on any of those registers. Otherwise, they would still be in business.

Trade Capital is absolutely anonymous and shady. Not to mention that they don’t have any regulations, but only warnings from the regulators. Red flags are all over the place.  

Why Is Trading On a Licensed Broker’s Platform Preferable?

Any licensed company provides transparent conditions and security. Especially Tier 1 regulated brokers. In addition to that, it is important to know whom you are working with. That’s why regulated brokers need to disclose all ownership information and contacts.

Warnings From Financial Regulators

Besides the aforementioned warnings, the most recent ones were also published by trusted regulators. Since the company was claiming to be registered in Switzerland, there’s no doubt that FINMA did its due diligence in the first round. In addition to that, we have a warning from Estonian Finansinskeptionen, Spanish CNMV, and the Central Bank of Ireland (CBI).

Ultimately, traders can realize how important it is to share their opinions about the broker. If nobody talks about the problem, there’s no need for a solution. Therefore, don’t be quiet and always report issues.

Trade Capital Warnings From Financial Regulators

Trade Capital Available Online Trading Platform

Generally speaking, a trading platform plays a crucial role in choosing a broker. Trade Capital trading company only offers a web trader. Brokers often manipulate those and present fake information on assets, trading balances and more. If you check any Trade Capital review, you will understand that you can’t trust those.

After all, these platforms are not suitable for experienced traders due to a lack of advanced features. They don’t offer advanced indicators, charts, EAs, social or copy trading.

Is The Platform Available On Mobile Devices? – Mobile Trading

Since this is a web trader, it can be accessed through a mobile device. However, you don’t have an app to download. Therefore, you depend on the internet connection and device specifications. In general, that’s why most experienced traders suggest Meta Trader over anything else.

Trade Capital’s Trading Assets and Instruments

Must be remembered that Trade Capital is not licensed. Therefore, all instruments and data might be fictive. Ultimately, they have offered all 5 major instrument classes. Those are:

  • Forex – USD/JPY, GBP/AUD
  • Commodities – oil, platinum
  • Indices – FTSE100, DAX30
  • Shares – Microsoft, Tesla
  • Cryptocurrencies – BTC, USDT

Trade Capital Broker’s Active Locations

Trade Capital broker was shamelessly operating in the countries with the strictest regulations. Based on Trade Capital reviews, we can see they were scamming traders from:

  • United States
  • Germany
  • United Kingdom
  • India
  • Pakistan

As a matter of fact, that’s why you should look for Tier 1 regulated companies. In fact, you would have protection.

What Are The Different Trade Capital Account Types?

Another key point is the availability of account types. As anonymous as it gets, Trade Capital never disclosed what are the options for their traders. To sum it up, the goal was to get you on the line with their agent. Afterward, you would be pitched for as much as possible. Based on some Trade Capital reviews, we found only that the minimum deposit was $100.

Trade Capital Offers Islamic Accounts?

Due to the lack of trading packages, we can’t confirm if they are offering an Islamic account. It is very popular among regulated brokers. It offers some benefits to Islamic belief clients. After all, those are reasonable because they want to trade by Shariah laws.

Can a Trader Use a Demo Account?

Point often overlooked is a demo account. It is a crucial fact in checking the trading platform and its functionality. However, Trade Capital didn’t provide even live account types. Not to mention a demo account.

Minimum Deposit and How Do I Withdraw?

The minimum deposit was $100. The tricky part was always withdrawal. Clients were unable to withdraw their funds due to multiple reasons. For example, made-up AML policies, non-existent fees or taxes. Accordingly, they were trying every possible way to extract as much as possible from clients. In the end, you never heard from them again.

Payment Methods Available

Trade Capital broker offered different payment methods. From cards and bank transfers to crypto transfers. Unfortunately, they didn’t provide any third-party e-payment provider. For any suspicious broker, we recommend using a card because you can get a chargeback.

Terms and Conditions for Trade Capital – What You Should Know

Above all, the company vanished. All T&Cs were obviously vicious. In combination with the lack of licensing, that was a perfect recipe for a disaster. After all, that’s how these scam brokers lure inexperienced clients.

Leverage, Spreads and Fees

Nowhere is to be seen what the broker offered in terms of conditions. Such crucial parts of trading are missing. That is to say, at least disappointing. Moreover, it is unrealistic that anyone even deposited any money here.

Trade Capital Withdrawal Procedure

The biggest issue traders were facing was with the Trade Capital withdrawal procedure. Primarily, with unregulated firms clients usually face verification issues, problems with AML laws, and non-existent fees. All these are just tricks used by this company to prevent any Trade Capital withdrawal from being completed.

Currently, the company’s website is inactive and there’s no way to get in touch with their staff. That’s why traders have to use refund options to get the funds back. For such activities, we strongly suggest you take professional help and avoid any mistakes. If you don’t know where to start, you can get the first consultation with our team for free. Get in touch now.

Scammed by a Trade Capital Broker? – We Want To Hear Your Story

If you were scammed by these bogus swindlers, let us know. Our specialized fund recovery team can assist you to recover your funds. At the same time don’t wait too long, because that process is time-limited. Book your free consultation now!

What Is the Chargeback Procedure?

If clients are using a debit/credit card, a chargeback can be performed. That way, the bank can reverse a transaction to the original cardholder. Don’t worry if you were using a different method, there are solutions to that. Don’t bother thinking too much about it. In effect, contact us today to get advice!

What Is Trade Capital?

It is an anonymous trading company operating allegedly from Switzerland. However, they are linked to some offshore scam companies.

Is Trade Capital a Scam Broker?

Yes. They don’t have any licensing. Besides that, 4 regulators issued a warning against this broker. That’s why they vanished.

Is Trade Capital Available in the United States or the UK?

Based on Trade Capital reviews they were scamming traders from both mentioned countries.

Does Trade Capital Offer a Demo Account?

Trade Capital broker, didn’t even offer live trading accounts. Not to mention a demo account.


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