FinanceCapitalfx Review – Stay Away From This Fraudster
FinanceCapitalFX is a relatively new broker on the financial market but has already defrauded many. The company falsely claimed to be based in Cyprus, but once clients started asking for their CySEC regulation, they gave up on it, leaving us without any information.
In other words, they are just another unregulated and unlicensed investment scam that wants to manipulate people into thinking they are legit. So, sit and read our FinanceCapitalFX broker review to learn why you should avoid this fraudulent brokerage.
|Company||FinanceCapitalFX Cyprus Ltd|
FinanceCapitalFX Regulation and Funds Security
While the company claimed to be Cyprus-based, many assumed it was regulated by CySEC. Being one of the Tier 1 regulators, this authority body wouldn’t allow fraudulent firms on its territory.
Or so we thought. However, when too many people raised this question, FinanceCapitalFX simply deleted this information leaving us with no answers about headquarters.
This just proves they’re nothing more than just another scam broker who is looking to pass on as a legitimate company and scam as many people as possible. Luckily, people managed to catch on to their poor attempts to pass a legitimate broker.
Trading Platform Overview
In the case of the FinanceCapitalFX, there is only one trading platform that is available and that is a web trader. Their so famous and innovative platform as they claim to own is just nothing more than a poor imitation of MT4 and MT5 that many other scam brokers use as well.
So, as you can see, again only big words and nothing to back up those claims. There are some basic TA tools, as well as some sort of Copy Trading interface. Note that these Copy trading services are not particularly reliable when it comes to offshore brokers, who usually manipulate their clients into believing the top traders they can mimic are more profitable than they really are.
Account Types Offered
While browsing the FinanceCapitalFX website we found that the clients can choose between 3 account types. They are:
- Standard – $250
- Premium – $2,500
- Luxury – $25,000
There is no need for us to further highlight how extraordinarily high these amounts are, but we will only mention that many legit companies will ask for as little as $5 as an initial deposit.
Furthermore, there is no demo account option so you will need to sign up for at least a Standard account even if you just want to try out FinanceCapitalFX services. This is another big red flag.
Deposit and Withdrawals from FinanceCapitalFX
By now you probably understand that FinanceCapitalFX is all big words but no proof to back up their claims. Well, the same goes for the deposit methods that include the following:
- Visa or Master credit or debit card
- Wire transfers
Now, there is nothing wrong with these deposit options but many fraudulent brokers will only offer them or crypto as the way to fund your account. Luckily, with these deposit options, it is very easy to get a refund.
And when it comes to the withdrawal, the same methods are available with the minimum for cards being $100 and for wire transfers $250.
Methods Used to Commit the Scam
Trading scams basically have the same principle that is being performed through different sites and by different agents.
Nonetheless, the core remains the same. The broker first gets your personal information if you have left it on some sketchy sites and then the constant harassment starts. It is important to note that scams like this one can happen to anyone. The agents calling you are persuasive professionals who scam people for a living. Even if you say no, they will continue to call you until you agree to make an initial deposit.
The ultimate goal is to compel you to invest at least once, and after you may suspect they are no more than a scam the trap is fully shut and they will do anything to keep your money. And in case you have been scammed before, don’t feel embarrassed about reporting a scam. Getting your money back is possible and we can assist you in doing so!
We conducted this FinanceCapitalFX review to shine a light on many shady tactics scam companies use to trick new and less experienced borrowers. They allegedly give their clients an opportunity to invest in forex, commodities, indices, shares, and cryptocurrencies. But in reality, what they are doing is stealing your money and creating the false picture of it being traded on their cheaply made WebTrader.
We advise you to always think twice before taking any risks while investing money and keep in mind that this scam will try to convince you to invest $250 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. Many phony brokers appear overnight so you need to be cautious.
FAQs About FinanceCapitalFX Broker
Is FinanceCapitalfx a Trustworthy Broker?
Absolutely no. They are an unregulated and unlicensed offshore brokerage who is looking to scam you.
Is My Money Safe at FinanceCapitalfx?
Absolutely not. They have no regulation and they don’t comply with any authority so your money is not safe whatsoever.
What Are The Funding Methods for FinanceCapitalfx?
They only offer two deposit methods which are Visa or Master credit/debit card and wire transfers.