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Capitist is a broker that accepts both rookie and expert traders. It does not matter how big or small your investment is. You will be making an earning. The platform offers various investment services. They make the best decision as they follow the latest news and trends. The company markets itself as a trustworthy and trusted venture.Â
However, this is not the case. The entity leaves out essential data regarding its operation. We are not aware of the people behind the scheme. The least the company can do is to present the educational background or proof the trading skills of their financial experts. Anonymity does not serve in their favor. Moreover, offshore ventures opt to be anonymous to avoid being behind bars.Â
Capitist customer support operates 24/5. It is also best to note untrustworthy entities do not care about their clients’ experiences. They will only contact you when they need more funds. Otherwise, you become useless to them. The broker trades cryptos, forex, commodities, and stock indices.Â
The internet has made it easy for interested individuals to invest in financial markets. However, choosing the wrong scheme is dangerous. Many scammers plague the market. They approach you with all sorts of promises. You can allegedly start investing without having trading knowledge.Â
Capitist has been in the market since December 2019. Surprisingly, the broker does not present its performance. Legitimate companies win over customers using factual statistics. They will therefore have audited trading results on the website. Three years is enough time for the broker to prove their genuineness.Â
Unfortunately, scammers use intriguing adverts to attract more audiences. Those are looking to get rich quick schemes to end up being their victims. It is essential to ask yourself the hard questions before signing up with a broker. Check to see if the company has a license.Â
Capitist does not follow the rules of financial bodies. They claim to trade, yet there is no evidence. Ensure that you perform a thorough background check on the broker you intend to venture with. It would save you the trouble of dealing with exposed schemes.Â
In the meantime, check out these genuine and reliable forex trading companies in the market. The platforms are reputable with licenses from famous watchdogs in the market. They take customer fund safety seriously. You will get to enjoy great trading conditions without the fear of being scammed.Â
Capitist has three trading accounts. The broker fails to feature extensive trading conditions information. The Micro Account accepts a minimum deposit of $100. It offers a spread of 2 pips. The limit is unprofitable and shall cost clients more money to place trade.Â
Their premium account accepts a $5,000 deposit. It offers a spread of 1.6 pips. Finally but not least, we have a professional account. It takes a minimum deposit of $20,000 and provides a spread of 0.8 pips. We do not know if the broker takes a commission.Â
Capitist claims it has the MT5 software. The interface is reputable and has superior trading tools and indicators. Their VPS, custom scripts and EAs come in handy. Customers can also access various markets under one roof. However, the software is only worth it if a genuine broker provides it.Â
The one available on this website does not even belong to the company. It bears another name of an exposed scam. Their leverage is 1:1000, which is hazardous. Legal brokers from the United Kingdom offer 1:30 leverage. You would have to prove you are a professional trader to enjoy higher limits.Â
One thing to note when trading with high leverage is you can either make profits or losses. Offshore ventures, however, will deliberately make you lose money for them to lavish your funds.Â
Capitist payment methods include; BTC, Ethereum, MasterCard, Tether, Visa, and Wire transfer. The company guarantees there are no withdrawal fees. Sadly, we cannot ensure if the listed payment methods are what the platform is using. You should only use crypto payment methods with a trustworthy venture.Â
The entity is offering bonuses to clients. Such promotions associate undesirable terms. Clients need to execute a particular absurd trade volume. The venture only tries to withhold customers’ funds.Â
Capitist lacks legal documentation. Registering with them is the wrong decision. You are not aware of what you are exposing yourself to. A transparent broker will clearly outline its terms and conditions to allow customers to make informed decisions.Â
Capitist expects traders to verify accounts for them to start trading. It is unwise to share such data with an anonymous company. The entity provides a fake office address for formality purposes. They have two phone numbers. One with UKÂ code, while the other one has a UAE code.Â
It could be their main target audience. Investors can also reach the scheme via email. The presence of communication methods does not guarantee the broker will respond to your query. Once the platform realizes you question their operation, it shall cut all communication.Â
The best investment schemes in the industry understand the importance of a sound support team. They are always ready to help. They hire a professional, friendly, and ethical team. You shall trade in confidence. Capitist is based in Saint Vincent and Grenadines. Their location is enough reason for you to avoid them. SVG is infamous for hosting Ponzi schemes.
Capitist features a license number on the website. The form was allegedly awarded to the SVG financial body. Unfortunately, the Financial Service Authority (FSA) does not supervise local or international investment firms. The SVG body issued the warning, but still, you will get investors falling for such ploys.
The scheme also features registration numbers. Such documents don’t play a significant role in proving transparency. You can acquire the document cheaply and easily. If a company wants to collect funds from a strict jurisdiction area, it must comply with the rules.Â
Capitist is accepting traders from the United Kingdom. However, they are not featured in the Financial Conduct Authority (FCA) list. The agency requires brokers to deposit 730,000 EUR capital. The amount acts as an assurance the company can withstand volatility. It also proves the firm can afford to run its operation without misusing traders’ funds.Â
Sadly, the company does not offer fund safety to clients. Their banking information is missing. Capitist does not keep traders’ funds in a separate account from theirs. Moreover, the platform is not following the Anti Money Laundering rules. They also do not participate in Combating Financing of Terrorism (CFT). If the scheme decides to exit the industry with your hard-earned money, you cannot do much.
The financial watchdogs are dedicated to protecting investors from fraudulent activities. Some of these agencies are; the Commodities Future Trading Commission (CFTC), Australian Securities and Investment Commodities (ASIC), Cyprus Securities Exchange Commission (CySEC), and European Securities and Market Authority (ESMA). Once you choose companies approved by the watchdogs, you can enjoy a tranquil trading experience.Â
Capitist is a blunt scam. We cannot afford to turn a blind eye to the entity’s multiple red flags. They are illegally in business, and soon the scheme shall abandon investors. Ponzi schemes never last past a year. Furthermore, the trading conditions of the entity are not ideal.Â
Why not invest with regulated forex trading companies? These are platforms that will allow you to withdraw your earnings. They do not have hidden terms or conditions. The schemes are also working with a professional team. Try them today and earn real-time passive income. Â
No, the scheme exposes traders to severe risks.
Unfortunately, this is an illegal scheme
The only thing you can get from Capitist is huge losses.
Are the trading conditions of Capitist favorable?
Does Capitist have a license?
Can Investor earn the advertised returns?
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