Review –  Is Sending Money To Strangers a Smart Move? Review –  Is Sending Money To Strangers a Smart Move?

Suppose you came up to the website and wondered if you should trust them. Simply don’t. There are numerous reasons that expose this company as fraudulent. Starting with non-existent legal documents, legal company name, founders and address information.

Yet, they present themselves as a leading global provider of online brokerage services. Definitely not the transparent ones. In any case, check out all the tips from this review and stay safe.

Regulated By: No Regulations
Is This Company Safe? No
Known Websites:
Have Warnings From: N/A
Registered In: N/A
Operating Since: 2023
Trading Platforms: Web trader
Maximum Leverage: N/A
Minimum Deposit: N/A
Deposit Bonus: N/A
Trading Assets: Cryptos, forex, indices, shares, commodities
Free Demo Account: Not Available
How To  Withdraw From This Company? Since the company is completely non-transparent and unregulated, withdrawal issues are inevitable. Therefore, as soon as you recognize any of the scamming tricks we reveal in this Review, contact our refund team for advice.

Legal Info: Is Legit Or A Scam?

When the company is hiding legal information, there’s no way that anyone will think they are legitimate. Yet, traders can easily get persuaded to try out their services. However, if they deposit a single cent, it becomes too late.

The second sign this company is an absolute scam is their missing regulation. Even if they had any regulations, it would be more suitable. Yet, they have none. Especially not the top-tier ones like BaFin, ASIC, CFTC, or FCA. Very soon, you can expect to see this firm on multiple warning lists. 

On top of that, there’s another copy-paste trading brand, most likely run by the same people.

Who Are’s Victims?

Companies without regulations generally don’t hesitate to target even the most secure financial systems. Such as the ones of the United Kingdom and the United States. 

In the case of this broker, which is active since 2023, the most targeted countries are: 

  • United Kingdom
  • Canada
  • Denmark

Therefore, we suggest you take extra measures to protect your funds regardless of where you live. Still, we encourage you to share your opinion with us in the comments or through direct messages. Ultimately, our refund specialists can advise you accordingly about the next step if you were scammed.

Traders Reviews

One of the clearest signs of the company’s shady activities is the reviews. So far, there are only 7 comments available on Trustpilot. Yet, more than 70% of those are negative and include complaints about withdrawals. If that’s not a big enough sign, nothing will be. 

You can contact our team for chargeback advice if you are also one of the company’s victims.

Leverage, Commissions, Spreads, Fees and Taxes

If the company wanted to operate legitimately, it would offer firstly transparent trading conditions, such as commissions, spreads, and fees. Thus, none of these details are known to the public. That leaves enough room for manipulation, especially with crypto assets that are highly volatile.

Another big issue is the missing negative balance protection and leverage transparency. Practically, it’s a trap you can see from a mile away.


Currently, the broker is not offering any bonus deals. However, it’s not rarely seen with scam brokers to give these details and keep their clients stuck with them. 

The way they do that is that they require traders to reach some trading volume after receiving the bonus. Only if they reach it can they request a withdrawal. But in reality, whatever happens, the money will be gone in the end. So don’t fall for that trick. Trading Features

As can be seen, the company is advertising a highly trusted MT4 trading platform. But that’s far from true. 

Instead, traders will have to use their poorly designed web-based platform. Which is most likely promoted as an automated trading system. But to avoid such campaigns, we suggest you read tips from our Trademay review.

Trading Platforms Available

The company’s web-based platform offers only basic trading features, such as trading and pending orders, minimum risk-management tools, and TradingView-supported charting options. 

If you are looking for more advanced options, like copy or social trading, look elsewhere. But not with CapitalMarket24, which is exactly the same brand but with a different logo.

Available Trading Assets

Tradeable assets can make a big difference when choosing a broker. Thus, if the company is not reliable, nothing will be worth it. But if they were legit, the offer would be outstanding and consist of: 

  • Forex
  • Commodities
  • Shares
  • Indices
  • Cryptos

Account Types

Generally speaking, investment firms offer fairly better conditions to loyal traders. The ones who either deposit more money or have a bigger trading volume. Yet, with this firm, such options are not available. More surprisingly, not even the minimum deposit requirement is revealed.

Mobile Trading App

If you are a mobile trader, there’s nothing to look for with this brokerage. Simply, the app has not been developed. Therefore, you can just imagine the pain of trading on an unoptimized web-based platform on your mobile device.

Demo Account

Demo and micro accounts are generally a great way to explore possibilities with the broker. Thus, none of these options are available with the scam broker. Instead, you should look for tier-1 licensed firms and avoid any surprises.


Another big disadvantage of this broker is a lack of educational packages. Not even the basic trading material is provided. Not to mention something more sophisticated like live sessions, webinars, or mentorships. Withdrawal

Even if this brokerage had transparent T&Cs, without regulations, they wouldn’t have to comply with them. There you go. It’s all you need to know about their withdrawal procedure. It won’t happen because the funds you are sending to this brokerage go straight into their pockets. 

Anyway, withdrawal processing time, fees, and methods remain unknown. Yet, the tricks they are using are standard.

Customer Support

One of the reasons traders can’t get their funds from this brokerage is because of poor contact options. With only e-mail available, the company keeps its anonymity on the highest level. But also stays away from all clients looking for withdrawal assistance.

Key Information To Consider About

In general, traders don’t have a single reason to trust this firm. Yet, they get persuaded through shady marketing campaigns to get started with them. Nevertheless, that’s not a shame. But if the person doesn’t do anything about it, it becomes.

Therefore, if you got stuck with this brokerage and your funds are inaccessible, contact our refund experts as soon as possible. In the first place, our first consultation is free of charge. Secondly, you can start your chargeback process before it’s too late. Don’t wait and book yours now!

FAQ Section

What is is an anonymous FX and CFD trading firm that has been operating since 2023 from an unknown location and with unknown leadership.

Is Trade101 a Legit Broker?

Not at all. The company is absolutely non-transparent and doesn’t have any trading licenses.

How to Recover Money From a Scammer?

The easiest method is always a chargeback. Yet, it’s very often not available. In those cases, traders look for alternative methods we can introduce you to. Contact us today!


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