It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:
Claiming to be in the business for over 50 years, ALG Capital is blacklisted by the FCA. A WARNING from the Financial Conduct Authority was issued on December 2021. After receiving several complaints, the FCA decided to take action. For those who want to sign up, we advise you to go through this entire alg.capital review for more. We have all the juicy details of why ALGCapital is a fraud. Learn more in our detailed ALG CAPITAL REVIEW.
The platform offers CFD trading and Spread betting. ALG Capital tries its best to hide information on accounts. As a result, we have a platform that lays out unfair trading conditions such as high leverage.
You need to check out the conditions available before signing in with any platform. And this is why we need to do some research. We recommend that you try and find out the experiences of other users before signing up.
Try and invest with proven platforms and strategies that generate helpful income. For example, you should try out coin staking, DeFi, and Masternoding. These are the best ways of investing with online trading.
ALGCapital will leave you clueless as to where your money went. The platform fails to allow users to withdraw funds. Even a professional trader won’t get the chance to withdraw funds from the platform.
And this is the reason we have to expose the platform. Every trader should withdraw funds anytime they wish. Members have been waiting in line for over two months with the platform in question.
There’s nothing to write home about with the platform. However, we can see several red flags which we must expose. Unfortunately, most of these red flags are well hidden from plain sight. And this is why we have to protect naïve investors and traders.
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ALG Capital fails to offer investors and members information on available accounts. We feel that the platform does this with a hidden agenda in mind. The agenda is to take as much funds from investors as possible.
You will notice the platform fails to offer investors any information on minimum deposit. There’s also no information on the acceptable leverage on the platform. All these are relative data that members should know beforehand.
The platform ought to follow industry guidelines when it comes to the acceptable minimum deposit. These include an acceptable minimum deposit of $250. All jurisdictions have agreed to this amount.
Leverage is another important factor that you must know before signing up. Depending on the jurisdiction, maximum leverage should not exceed 1:100. For example, in the United States, leverage is set at 1:50 for retail traders.
Another reason the FCA felt the platform was infringing on personal information was the verification process. Once you open an account with the platform, you get to verify it when withdrawing.
The platform waits until you want to withdraw to verify your account. Then, you have to send vital documents such as bank statements, credit card details, and a copy of your ID. However, these documents are irrelevant as there are two-factor verification processes to consider.
We believe the platform is harvesting personal information from investors. The platform takes your documents and sells them to third parties. It’s the reason you’re probably getting email notifications from unknown promotional entities.
Despite offering an affiliate program, we recommend that you stay away from it. The platform is likely going to make you lose your online reputation. Furthermore, those you direct to the platform will blame you for the losses.
Remember that the platform blocks withdrawals from all parties. And this includes the users who you direct to the platform. These victims will later file a lawsuit, and the law will see you as an accomplice to online fraud.
ALG Capital is not licensed or registered as the FCA ISSUED A WARNING. As a result, the platform cannot offer meaningful trading options. With a warning out, it’s best to steer clear of such platforms.
We have reason to believe the platform will likely shut down soon. Those with funds will eventually lose it. The platform is also anonymous with no actual physical address. And this is why you need to check out compliance before signing up.
Go for platforms that enjoy regulatory status from reputable organizations. These include ASIC, BaFIN, CFTC, CNMV, CONSOB, CySEC, and more. Others include FINMA, FINTRA, FTC, NFA, and the SEC.
The platform offers five trading instruments, including commodities, crypto, forex, indices, and stocks. In addition, you get to trade household commodities such as sugar and wheat. When it comes to crypto, the platform offers leading cryptos such as Bitcoin and Ethereum.
Forex trading is at the core of their business venture. The platform offers major and minor pairs only. There’s little information to suggest the platform offers valid leverage or spreads on these pairs.
You also get to trade in the international market stage. Some of the indices found include DAX, DOW Jones, FTSE, and more. Stock exchange gives you a chance to own a piece of a company for a short while.
Traders get to enjoy trading stocks from leading companies such as Samsung and Tesla. You also get to trade with the FAANG group of stocks. These are the most sort after stocks in the market.
ALG Capital Ltd is the business entity we are told owns and runs the platform. Surprisingly, the name doesn’t appear on any company database in the U.K. And this points to the fact that we are dealing with an anonymous platform.
The last thing on your mind is to sign up with anonymous platforms. These platforms usually end up defrauding members. With the warning from the FCA, we believe the lifespan is about to come to an end.
You shouldn’t expect contact from the platform trying to steal from members. Most of the members have been trying to make contact with none forthcoming. The platform wants to control the communication channels.
It makes it easier for them to reach out than for you to contact them. All the phone numbers listed on the platform are virtual. We suspect it’s an offshore operation trying to target European investors.
To ensure anyone can fund their accounts, the platform avails several depository options. These include bank and wire transfers. However, rarely does the platform accept crypto transfers. Therefore, we don’t recommend you transfer funds to the platform.
Once you do, the amount may or may not reflect in your trading account. It takes 24 hours for the platform to update the amount. After this time, investors can start trading and see the results of their labor.
When the time comes to withdraw, that’s when all hell breaks loose. The platform fails to allow anyone to withdraw funds. And this is the reason why we have to expose the platform. So please stay away from it or risk losing your funds.
Your funds are far from safe with a platform that fails to offer meaningful trading incentives. We recommend that you stay away from the platform or risk losing everything. The platform doesn’t offer any safety net such as deposit insurance.
Please stay away from alg.capital or risk losing every penny you deposit.
You can get a fresh start when investing by using proven strategies. Go for coin staking, DeFi, and Masternoding for a chance to win big.
Feel free to leave a comment or email us with any queries.
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