Dot Fin Capital Review – Stay Away from DotFinCapitals.Com
Dot Fin Capital is allegedly a UK-based forex broker that offers exceptional trading conditions to traders worldwide. They claim to deliver dedicated and quality service while working hand-in-hand with the market trends.
As you can see by the table provided down below, it seems this broker is trying to stay as anonymous as possible. They did not provide any phone or email they can be contacted by, and they also failed to say the name of the company behind this scam.
Continue reading our Dot Fin Capital review to learn how to stay away from this and many other scammers of a similar kind.
|Address||At 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ|
Is Dot Fin Capital a Reliable Company? Broker’s Regulation
Dot Fin Capital allegedly operates from the UK and in order to be legit they must follow guidelines set by FCA. Without the approval of this regulatory body, it is not possible for anyone to offer brokerage services to clients from the country.
This poses the question of where the company actually operates from. And the answer is St. Vincent and the Grenadines. In the SVG, there is no regulation set by the government on the Forex markets, so it is very dangerous to deal with unlicensed brokers who are set up there.
Overview of Dot Fin Capital Trading Software
This scam broker claims to offer the industry’s best- MetaTrader5. However, this is just a claim they made, and accessing the actual platform isn’t possible before you open the account and it gets verified.
Judging by the fact that you also cannot sign up for a demo account to try brokers’ services, it is likely their platform is either a lousy copy of MT5 or does not exist at all. Scammers operating with the sole purpose of stealing your money will put little to no effort into their platform as there is no point because you will not be actually trading anything.
Method of Deposit and Withdrawal
Dot Fin Capital broker accepts these payment methods:
- Credit/debit card
- Wire transfer
The minimum deposit you need to put down in order to start investing is $100.
As for the withdrawal policy, the methods are the same, while allegedly all fees for this transaction are covered by the broker. However, these are just some claims they decided to write on their website, and we cannot know how true they actually are.
We decided to read reviews to see what other people’s experiences have been like and to check whether the claims they made were true or not. To one’s surprise, we found many complaints stating many withdrawal issues while working with this broker. People faced hidden fees and other expenses they weren’t aware of existing before asking for the profit they made.
Judging by these complaints made against the broker we concluded that you need to be persistent in order to get your money back, but nonetheless, getting it back is possible.
How the Fraud was Committed
The fraud is perpetrated in the same manner as many others of a similar kind. Dot Fin Capital scam broker will first try to get your information if you have left it on some of those sketchy internet ads. After this, their experienced brokers will call you nonstop in order to bridge the crucial gap that exists between a user and a broker. They will seem interested in your life, your problems, etc. until you crack under the pressure and invest.
It is easy to fall prey to their sweet talk, and don’t be ashamed if that ever happened to you. On average, it takes 2 to 3 deposits for a user to realize that something very unlawful is happening. By that point, however, the broker will cut all communications with the user and will try to deny all withdrawal requests.
Dot Fin Capital Summary
In this Dot Fin Capital review, we tried to warn you against this alleged UK-based broker that is operating without a license and following no regulations.
They are offering their customers an opportunity to invest in forex and CFD, but the only thing you will likely see is some copied website with claims that by no means represent this broker. Think twice before taking any risks while investing money and keep in mind that this scam will try to convince you to invest as much as you possibly can while legit brokers will ask for as little as $5 as an initial deposit.
Don’t forget to always do proper research as a necessary step especially if you are new to trading. There are many phony brokers that appear overnight so you need to be cautious.
FAQs About Dot Fin Capital Broker
Can You Make Money with Dot Fin Capital?
Since they are not a reliable broker, you will not be able to make any profit while investing with them.
Is My Money Safe with Dot Fin Capital?
No, Dot Fin Capital is an unlicensed and unregulated broker who offers no safety to your funds, so it should be avoided at all costs.
Does Dot Fin Capital Offer a Demo Account?
Dot Fin Capital allegedly offers a demo account but we could not access it, so it’s likely people need to first sign up to try their services.