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Capital Cope (capitalcope.com) seems to think the platform is immune to regulation. The Financial Conduct Authority doesn’t recognize CapitalCope. And this is where we draw the line as the platform is actually an offshore-based entity. The website is full of harsh trading conditions. We must expose the platform before it’s too late. Those who have engaged with the platform are ruing the decision to sign up. Here’s more in our exclusive CAPITAL COPE REVIEW.
On the about us page, Capital Cope is heaping praise on itself. Once you see a platform blowing its own trumpet, something’s wrong. We find it hard to believe that this is an award-winning broker. Which award did the platform win? None!
You need to invest in proven and reliable ways of investing. We recommend investing in dependable ways of earning real ROI. Try coin staking, DeFi, and Masternoding. It’s the only way to stay ahead in the investment world.
Capital Cope does surely have an engaging website. All you see is a platform that tries to carry itself as a legit trading entity. It’s easy to navigate through the pages, and the right information is visible.
Most might fail to see the numerous red flags found on the platform. This is because Capitalcope.com tries its best to hide it from users. And this is the reason why we have to expose the platform. There are way too many red flags to ignore.
It seems the platform targets UK and US traders by gifting them bonuses and rewards. These are incentives to attract newbies to the platform. Sadly, it works as most users want free things handed to them.
Before engaging with any online trading platform, you need to do due diligence. First, try and find out what makes a platform tick. Then, please do some research and find out how many users are happy with it.
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Capitalcope.com is accepting several funding methods. These include bank and wire transfers as well as crypto payments. When you deposit using bank and wire transfers, the amount reflects in your trading account within 24 hours.
For those who deposit via crypto, Bitcoin and Tether, there’s a huge risk that comes with it. In fact, the platform will prefer payment via crypto. This is because, with crypto, payments are secure, and there’s no way of tracking the receiver.
Hundreds have lost funds as a result of the platform’s blockade. In addition, the platform is blocking users from withdrawing their hard-earned profits. And this is what you will likely face as a member of CapitalCope.
Capital Cope presents users with six account types. These include Micro, Mini, Standard, Premium, Elite, and VIP. Each of these accounts comes with a different set of features. Here’s a closer look at each of the accounts;
Micro
For the Micro account, members must deposit a minimum of $100 to get started. Spreads start from 2.2 pips, and the leverage is 1:300. There are no commissions with this account, but members get rebates.
Mini
With the Mini account, the acceptable minimum deposit is $200. It has the same leverage as the Micro account. Spreads are 1.8 pips, with swapping allowed. Members enjoy rebates but, there are no commissions.
Standard
You have to make a minimum deposit of $1,000 to get started. After that, spreads start from 1.5 pips, with the maximum leverage being 1:500. Swapping is acceptable on the platform, with members enjoying rebates and no commissions.
Premium
For the Premium account holder, there’s a minimum acceptable requirement of $10,000. Spreads start from 1 pip with swapping and hedging allowed. Commissions are available but, members don’t get any rebates.
Elite
With the Elite account, members must deposit a minimum of $25,000 to get started. Spreads start from 0.8 pips, with members enjoying maximum leverage. The platform accepts leverage of 1:1000 for Elite and Premium accounts.
VIP
It’s the most exclusive account, with investors having to deposit $50,000 to get started. Spreads start from 1 pip, and the leverage is 1:500. Swapping is acceptable with members enjoying commissions. Unfortunately, you won’t get a rebate with this tier.
We must mention the high leverage set by the platform. For the platform to even consider UK and US traders, it must follow a set regulatory framework. In the UK, the maximum leverage for all assets is 1:100.
In the United States, leverage for retail traders is 1:50. Clearly, the platform is trying to take advantage of traders. However, high leverage means risking losing a large volume of trade. As a result, the platform greatly benefits from your losses at the end of the day.
The platform creates an affiliate partnership with members and other interested parties. For this to work, you have to direct users to the platform. As a result, you will be earning a certain commission for every trade made.
It sounds like a perfect way of earning passive income. Sadly, the platform fails to pay affiliates their commissions. We also get a platform that will take advantage of your connections. Remember that the platform blocks withdrawals, especially from newbies.
These victims will blame you for leading them to a faulty trading platform. If there’s a lawsuit filed, the law will see you as an accomplice to online fraud. You end up losing your credibility and reputation over a lost cause.
There are four trading assets available on the platform. These include commodities, forex, indices, and stocks. You get to trade commodities such as coffee, gold, natural gas, oil, and more.
Forex trading happens to be the core of the platform’s trading capabilities. You get to trade major and minor currency pairs. It’s a shame that the platform raises leverage putting your trades at risk.
Indices play an integral part in the world market stage. The platform avails trading for indices such as DAX, Dow Jones, FTSE, Nikkei, NYSE, S&P 500, and more. In addition, it allows you to learn how global prices affect the world.
With stock trading, you get to own a piece of a company for a short time. Some of the shares to trade with include tech giants such as Apple, Google, and Microsoft. Other shares of industry greats include those in the automotive and manufacturing industry.
There’s no business registry of this platform anywhere in the world. We did a thorough check with the Company registrar in the UK. There’s no such business found in the UK and the United States.
We have an offshore platform trying to take advantage of UK and US traders. The platform uses a false address to attract traders from the two regions. It would be best if you stayed away from offshore and unregulated platforms.
Capital Cope fails to get a license from the Financial Conduct Authority. It’s also not regulated by any of the US regulatory bodies. These include CFTC, NFA, and the SEC. So we are dealing with an unregulated entity.
The platform is free to operate without any regulatory framework as they wish. That’s why the leverage doesn’t follow set industry regulations. Unfortunately, these are some of the red flags most investors will miss.
Your funds are NOT SAFE with capitalcope.com.
Please stay away from Capital Cope as it’s an unregulated trading platform.
Instead, we recommend joining dependable ways of investing. These are proven ways experts use to stay ahead in the investment world.
If you have any queries, feel free to drop a comment.
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