FCapital24 Review – Every One Of These Scammers’ Sites Is Blacklisted

Today we take a look at one of those fraudsters that just don’t know when to quit. The authorities shut down their website three times already, but the hustle is still alive and kicking somehow.

Read more about online financial scams, and how to recover your money from such dangerous companies in our FCapital24 review.

Well Known Fraudulent Group

The website acting as a FCapital24 platform was produced from a known scam pattern. Discussing any legality here may seem moot, but is a good example of due diligence you should perform when choosing your broker.

The first thing we did was check the company’s name, address, and jurisdiction of incorporation. The brokerage is allegedly owned by FIRST CAPITAL INVESTMENT GROUP GMBH, and is said to be incorporated in Germany.

The scammers say that their company is regulated by BaFIN and CONSOB, but this is a complete fabrication. Instead of a license, the firm appears on the blacklist of these regulators. What’s worse, these aren’t the only regulators to issue investor warnings about the entity, with CNMV, A-TVP, FSC, FI and FSMA.

Generally speaking, you should avoid dealing with unlicensed firms at all times. Not only do you forfeit legal constraints that protect your funds like compensation funds, you’re likely to just get ripped off. G-linkPro is another example of these sorts of illicit firms.

How Boiler Rooms Work

It’s difficult to pinpoint when exactly the FCapital24 scam first came to be. The oldest of the domains seems to be fcapital24.com, which was launched in October 2023.

The charlatans seem to be mostly active in these countries:

• Italy
• Switzerland
• Germany
• Albania

Majority of the victims were pulled into the scheme by the boiler room agents. The job of these agents is to sift through the phone books in search of new targets.

According to them, earning huge swathes of money is a breeze – all you need to do is give them some. Of course, all the cash is just stolen one way or another. It is possible to recover your funds, so call our experts for help.

Horrible Online Reputation

It appears that the company has tried to push the old “fake ratings” routine in their FCapital24 reviews. This did not go unnoticed by rating platform operators.

The admins of SiteJabber openly warn the public that their page is currently under investigation for paid reviews. The TrustPilot page seems to be buried under an avalanche of negative comments, one that not even review seller networks can overcome.

Costs Omitted

There’s virtually no information about any trading costs available on the FCapital24 website, or in the trading platform. Clients are expected to just accept that the costs are “low, without any tangible number ever provided. The spreads should vary from 0 Pips to 1.5 Pips depending on the account type, but this couldn’t be verified.

The only thing that’s actually stated on the site is the leverage, which goes up to 1:500. Leverage this large, though, goes against the EEA regulation. In the EU, maximum permitted leverage is 1:30.

Offering Hefty Bonuses

Depending on how much money you decide to cough up for your trading account, you can be allotted a larger bonus, up to 100% of every deposit. Nobody ever mentions any bonus conditions or constraints, though, they simply exist.

These bonuses are another thing that is outright banned in the EU, and offering them constitutes another serious regulatory breach.

The Great Trading Farce

Everything you see on the FCapital24 broker site was created intentionally to keep the victims’ money flowing. From doctored trading platforms, to confusing account types and non-existing Terms and Conditions, this broker is a cash stealing machine. Although advertised as “ground breaking”, the amenities can only be described as barebone.

Useless Platform

The “award winning” FCapital24 trading software is one of the most basic web traders we’ve ever seen. It features a buy/sell function, without even an asset selector.

The stop loss and take profit options seem to be there, but don’t really work. Trading information is displayed through a candlestick chart that’s so poorly implemented it doesn’t even load most of the time.

Zero Asset Information

Usually, you’d expect your broker to have a large selection of trading instruments available. All assets would be divided by classes, and displayed neatly on the website with all relevant information.

This firm makes a passing mention of cryptocurrency trading, but never says which coins they support. It’s like trading there is so easy, you don’t even need to know what you’re trading! You just need to pick up a shovel, and toss the money into the platform!

Convoluted Account Selection

Depending on where you are on the site, you’ll see different FCapital24 account types on offer. Many of these don’t even share the same name, let alone trading conditions.

As expected, all trading accounts are tiered, with higher tiers offering some discounts, bonuses, and whatever it takes to make you waste more of your funds.

Only one page mentions initial deposits, and they pertain to these accounts:

• Gold – €25,000
• Platinum – €100,000
• VIP – €250,000

No Withdrawals Allowed

All payments need to go through your “account manager”. The consequence of this is two-fold: firstly, the scammers’ server never logs any transactions, and secondly it prevents any from happening.

We did learn something about FCapital24 withdrawal from the client dashboard, though. The funds may, allegedly, be paid out to your bank card. The trouble is, the payout form is not implemented completely, meaning you can’t actually use it.

Support Not Included

The con artists have left the most inefficient method for clients to contact support, and that is email which bounces back. You may also waste your time filling out contact forms, but the result will be the same. Once your scam solicitors decide that you’ve become a liability, they’ll just cut off communication and leave you hanging.

Money Stolen? Contact Us For Reimbursement!

As you’ve seen, this faux broker is actually an irredeemable fraudulent organization. Because of this, these cybercriminals have been placed on numerous blacklists across Europe and beyond.

Sometimes it is difficult to accept that you’ve been deceived, but it doesn’t mean you should give up on your money! We understand your plight, and are willing to help you with your endeavors. You may contact us via the live chat, which is available 24/7, and book a free consultation with our experts.

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