BlazeCapitals stands out due to the name, which would drive investors to sign up with them. The platform checks all the boxes as it claims to offer financial freedom at affordable prices. However, we have been receiving complaints about the platform and decided to investigate. What looks like a genuine forex investment platform is a risky option. Blaze Capitals will likely lose your funds and even block members from accessing their account balances. Here’s the truth in our detailed BLAZECAPITALS Review.
You, the investor, should feel confident when investing with forex platforms. With the industry having several fraudsters, it’s imperative to use reliable platforms. These platforms, as it stands, have been tested by the trading community. So you should invest with platforms already proven to work. And this is why we are giving you a list of the best investment platforms. Choose the one that fits your bill.
BlazeCapitals seems to have no mission or objective to relay to customers. We couldn’t tell what they were planning to do once investors deposit funds. All you have is a website claiming to offer affordable investment services.
One problem that stood out is the navigation issue on several pages. An excellent example is the contact page. You can’t scroll down despite seeing information at the bottom of the page. Instead, members have to zoom out to see the whole page.
On the company page, Blaze Capitals insist they want to create a high-standard trading environment. The vision, it seems, is to transform the platform into an open-source trading company.
These are big dreams they can achieve, with transparency being the core of their business. And that’s what’s lacking as the platform is far from being transparent. We have more on why you should avoid blazecapitals.com.
BlazeCapitals provides three different accounts, and all come with a welcome bonus. However, you should be aware that regulators are against issuing bonuses. So these platforms end up using the bonuses to block withdrawals. More on that in our bonus preview.
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It’s the most basic account type, and the minimum allowed deposit is 250 Euros. The account currency in all account types is set at EURO. Islamic account is optional for the standard account holder.
Spreads with this account are set at standard.
The second account on offer is the Pro account, and investors must deposit 2,500 Euros to start trading. Trading bonuses are set at medium, with the Islamic account being optional for users. Spreads for this account are set at variable.
For the expert account holder they must deposit 25,000 Euros to start trading. Trading bonuses are set at high and Islamic account is available to all. Spreads with this account are fixed, and it’s the most exclusive account.
What we see is a platform that differentiates accounts with 10 times the deposit. Activating accounts is made possible by bank transfers, credit debit cards, and E-wallets. In addition, members manage their accounts with no professional from account managers.
There are six assets to trade with on this platform. The six include commodities, crypto, forex, indices, shares, and treasuries. Energies and metals are the main commodities on offer, with Gold being the most lucrative option.
There are 10 types of crypto assets to choose from, including Bitcoin, BitcoinCash, Dogecoin, Litecoin, etc. However, the platform claims to automate the process with its tools when it comes to forex assets.
Blaze Capitals offers several different pairs with spreads of 0.6. Currency types include emerging, major, and minor pairs. In addition, there are six major indices, including CAC 40, DAX, Dow Jones, and more.
On their shares page, we see the platform offers shares from Apple, Google, and Microsoft. The platform also claims to offer leading stocks from 15 countries. These shares are from leading companies and IPOs.
As far as license and registration go, BlazeCapitals is not a regulated forex investment platform. As a result, the platform fails to offer any license documents to prove their compliance. Without oversight, investors are left to fend for themselves.
The problem with unregulated entities is they rarely offer safety measures. So once you deposit funds, there’s no way of knowing who is responsible for it. And this becomes a major problem for naïve investors.
Blaze Capitals should at least warn investors of their compliance status. The platform wouldn’t do it as it would give the wrong impression. Please stay away from unregulated forex investment service providers.
At the end of the day, you end up investing in a platform that regulators don’t know about. With safety out of the question, the people behind it act in an unprofessional way. Oversight helps makes trading conditions fair for all parties.
There’s a 10 to 20 percent welcome bonus for new clients. However, before jumping in and hoping to get the bonus, there are a few issues to point out. First, the platform will later use the bonus to make investors deposit more funds.
BlazeCapitals will most likely refuse to allow withdrawals unless you pay back the bonus offered. Members have been facing this problem and are the reason regulators are against platforms offering bonuses.
You can deposit using several options, including bank transfer, credit debit cards, and e-wallets. The issue with Blaze Capitals is they don’t allow anyone to withdraw funds.
There’s no way we can recommend a platform that blocks withdrawals. And this is what made us doubt the credibility of this platform. With nearly all complaints about withdrawal, the platform is a no-go zone for us.
According to the homepage, the platform offers a reliable online trading platform. The platform, according to them, is compatible with Linux, Mac, and Windows. It’s also compatible with all mobile devices.
Although they offer an online-based trading terminal, it’s far from being reliable. Our tests show the platform is unstable with slow execution. In addition, the security level is low, making it a shoddy trading platform.
It starts with the claim they are an engaging and thrilling forex investment platform. However, the people behind it have other intentions on their minds. You, the investor are the intended target; they claim to offer a sure way of investing.
If you make the mistake of depositing funds with them, it’s the last you will hear from them. Unfortunately, the platform doesn’t have a reliable support staff. As a result, withdrawing funds become a hurdle despite you seeing the balance reflect on your account.
There’s no safety of funds as the platform doesn’t comply with industry regulations. In addition, investors don’t have a safety net such as insurance cover for deposits made. And this is what makes it a high investment risk.
Without oversight, there’s no telling what the people behind this platform are thinking. We don’t know when they will decide to close down shop. Once they do, there’s no way of reaching out to them.
Hiring recovery agents won’t help as we suspect they transfer funds to offshore accounts.
After reviewing all the facts, we can safely conclude BlazeCapitals is a high-risk forex investment platform. Please avoid it as we can’t recommend it as we are adding it to our blacklist.
Invest in the right platforms tested and trusted by all parties. For example, go for transparent forex investment platforms.
Feel free to leave a comment or email us with any queries. We would be happy to oblige.
No, the platform is not regulated and offers no safety covers to investors.
You can try making a call as emailing them doesn't guarantee any response. There's no live chat.
No one has made any profit with the platform so far. The answer is NO.
We can only point out to platforms that we have tested and seen to be worthy. Try out any of these platforms https://www.valforex.com/best-crypto-investment-platforms-defi-masternoding-coin-stakings/
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