Capital BTC FX (Capitalbtcfx.com) is another Forex scam broker to grace the financial world. Note that their main selling point is that CapitalBtcFX is one of an accessible way to become rich. It got us thinking on how many investors have fallen for this trap. As Forex enthusiasts, we decided to conduct a thorough investigation to find out what ticks. Our findings will shock you. Read and find out more.
Promises are what scammers are all about. Investors are promised innovative web platforms, a variety of tools and profitable terms. With these types of promises, I am sure no one can resist them. A question you should always ask is whether these promises are viable. Are you sure that you will get what the broker is promising? Capital BTC FX comes with help in trade promises such as auto chartist programs.
Attention-grabbing news is also posted on their homepage which is also meant to lure you into signing up. Fact of the matter is, these news postings are a show of legitimacy. Scammers want investors to believe that they are up to date with world events. Later, they will use the news posts as a way of showing you how good they are with market insights. Don’t be easily fooled by these old tactics. Here, we will reveal all the dirty tricks these scammers are using.
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Straight away we knew this was a scam due to their bonus claims. Capital BTC FX offers members a 30% welcome bonus. As Forex traders, we know that offering bonuses is prohibited by the regulatory authorities. Bonuses have been a problem to members when it comes to withdrawing funds. Brokers have been withholding member funds because of bonus related issues.
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Fake brokers usually withhold your withdrawal request because of silly reasons. Excuses such as not being able to reach the required trade volume are used. Brokers also reason that you should pay back the welcome bonus you received when signing up. One then wonders, why would they issue bonuses if they would later ask for them? Isn’t this a form of hidden fees or a rather hidden loan? No sane brokerage firm offers bonuses anymore.
Homepage clearly shows that members get 24/7 customer support. Truth be told, even when you get to their homepage, there’s no live chat pop up. Today’s web platforms have popped up chat messages every time you log in. Capital BTX FX does not have this option which is actually a pitfall. Expecting people to contact them should be at the core of their homepage. Apparently, CapitalBTX FX does not concur.
Contacting Capital BTC FX also proved futile as we couldn’t get an email response. What happens when a member wants help with a matter which is urgent? It means that you may or may not get a response on time. Always look for such small matters when dealing with Forex brokers. Now that you can’t reach them, doesn’t this mean stealing your money becomes easy for these scammers?
Another red flag that popped up was the deposit and withdrawal services. Capital BTC FX has covered all avenues when it comes to depositing funds. If you’re fast, you can deposit money with these scam broker in less than five minutes. With options such as Visa, MasterCard, Neteller, and AstroPay, anyone can easily deposit with them. So, what’s wrong with this scenario?
Withdrawing your money with Capital BTC FX is a hellish process. No member has been able to withdraw money with this scam. Do you want to take a guess as to why this is the case? As we said earlier, scammers withhold your withdrawal request. It is a sign that we are dealing with a professional scam group. All they want to do is sign up as many people as they possibly can before going under. It’s what scammers are known for.
Would you be shocked to learn that Capital BTC FX is a copied Scam? Don’t be, we have concrete proof that supports our claim. Another scam to hit the financial Forex market had the same homepage. SmartBTC FX used the same tagline and same pictures a while back. These scam artists are not even ashamed of using the same pictures on different scams. Reporting this to the relevant authorities should be a priority.
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According to the website, Capital BTC FX operates several platforms to ensure traders trade anywhere-anytime. All these could be true if only their platforms would be transferred to our devices. Downloading the platforms proved futile as download stalled at 73%. It means that this platform is unstable and unsecured. Trouble could be brewing because of this technical hitch as it proves quite a lot.
For starters, it means that the platforms are not SSL encrypted. Hackers can easily take over this platform and steal all data. Worse still, hackers can take advantage of the technical hiccup to steal all deposits. Capital BTC FX has not fully confirmed to us that they are regulated. It means that if Capital BTC FX goes under, members will not be compensated. How else do you explain a failed platform which only works on the web?
With Capital BTC FX, there are four different account types for members to choose from. Users can decide to choose from Standard, classic, Gold, and platinum account. Each account comes with different perks and purviews. Standard account holders must make a minimum deposit of $500 which is quite high. Classic account holders make a deposit of $500 and have access to all signals.
Gold account holders get a great offer of depositing $50,000 with these scammers. All these and you don’t get personal reports on the stock market. Premium account holders must make a minimum deposit of $150,000 before trading. Premium account holders get all the purview that other holders don’t have access to. It all sounds too good to be true. Problem with this is that once you make a deposit, it’s the last you hear from them.
No doubt in our minds that we are dealing with a scam brokerage firm out to get your money. Ensure you stay away from this scam by ignoring all promotional messages that may land on you. Note that if you lose money, no one will be able to help you with making claims. Avoid all these by staying away from these fraudsters.
All in all, the evidence we have gathered makes us question everything regarding this Forex broker. We have no other option but to blacklist Capital BTC FX.
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