CorsaCapital (Corsaforex.com) is a Binary options and Forex scam broker to hit the lucrative trading world. Corsa Capital is a broker who claims to provide high quality online trading services. CORSACAPITAL is adamant that they will offer anyone who signs up $100 as welcome bonus fee. That’s where we decided to conduct a thorough and detailed investigation of CorsaCapital. Find out the shocking revelations we uncovered with this scam broker.
CorsaCapital is claiming to offer $100 in bonus for a hidden reason, to get as many people to sign up. These scammers know for a fact that we all want to make a quick buck or two. That’s why they have come up with ideas and ways to claim that they can make this happen. Bonus fee is merely a scammer’s trick to entice users to add their real money. It’s what most scam artists have been with Binary scams.
Claims and promises are another luring factor that users should be wary. These claims are just empty promises that lead to no good. Apart from Binary options, Corsa Capital has moved on to CFDs trading services. Users are promised a wide array of products and services, such as a partnership program. This is a way that users help this broker to sign up more people for their trap. Don’t sign up with this broker at all.
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To begin with, their about us page claims that this brokerage firm started in 2007. According to information laid out, this brokerage firm was founded by a group of professional traders. What they fail to give us is the names of these founding members. Who is the CEO or CFO of this company? Anonymity is a dangerous character to have especially in any online investment opportunity. Always look out for any anonymous service providers.
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These scammers know that we would look at the profiles of any given names. That’s why they deliberately fail to give any real names in regards to who actually owns this platform. Don’t you think that’s it’s weird that you are depositing money to an unknown entity. There’s no single social media page that has CorsaCapital’s good name. It’s clear that we are dealing with a rogue scam broker. Stay clear of Corsa Capital.
CorsaCapital is not licensed or regulated by any regulatory body that we know of. Disclaimer at the bottom of their homepage fails to disclose any registration claims. That’s not all, if you look carefully; this broker has a trademark marked 2017 – 2019. How then did they start operating this platform since 2007? It means we are dealing with a professional scam outfit that knows no boundaries. Best thing is to steer clear of this brokerage firm.
Disclaimer at the bottom of the homepage shows that citizens from the United States are not permitted to enter. Do you know why this is the case? It’s because the US regulatory bodies had already flagged CorsaCapital as a fraud. If they were indeed regulated by a financial body, where’s their regulatory number? There are no legal certificates or documents to aid in proving that this broker is fully licensed.
CorsaCapital has gone a step further and rigged their demo account in user’s favor. Now, you may think that this is a good thing, but it’s not. A rigged demo account is the next level when it comes to Forex scams. Rigged demo accounts are used to lure investors into believing the made up results. Wins with demo accounts are usually above 90% which is purely fictional. They simply want to make investors believe they can mirror the results with a real account.
Once you open a real account, that’s when trouble starts appearing. Trade results with the demo account are nowhere close to results with a real account. Plus, CorsaCapital promises over 80% profits in 10 minutes. This is one of the lamest claims that we have seen so far. A claim such as this will never be real in any markets. Prices change at any given time and a constant profit margin is next to impossible.
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When it comes to depositing money with CorsaCapital, two options are easily available. Anyone with a MasterCard or Visa can deposit money with this broker. Bank wire transfer is the other option available to anyone who wants to sign up. This is not a good reason to sign up with this broker. There’s more than meets the eye, let’s us explain the downside of depositing funds with CORSA CAPITAL.
When it comes to withdrawing money with CorsaCapital, that’s where the biggest problem lies. This broker does not make it possible for users to withdraw funds with them. How can a broker keep investor’s funds for themselves? It’s only a broker who has gone rogue can cause such malicious activities. Not reaching the required trading volume to warrant withdrawal is the most used excuse.
Funds are never safe with a broker who is not licensed and full of crap. Have you noticed that this broker fails to give users vital information? Where do they bank money deposited by investors who sign up? Did you know that investors maybe depositing money straight to owner’s personal bank account? Now you know!
CorsaCapital does not segregate accounts; this in itself is a breach of trust. It means that CorsaCapital is pooling funds in one account. In case of bankruptcy or insolvency, this broker will easily lose your money. Another disturbing feature with this broker is that they don’t participate in a compensatory scheme. In case the above scenario happens, don’t expect to be compensated by this broker.
Ekaterina is their live chat agent’s name and takes long to load. Once loading is complete, she doesn’t fully answer questions. What this means is that this broker wants to remain anonymous for a good reason. They are afraid of the backlash they would face from authorities and victims. That’s why it’s imperative that they remain anonymous.
Live chat suggested that this broker uses MT5 trading platform which can only be used via the web. That’s not good news for traders who want to trade on the go. Live chat was not going to answer any more questions in regards to CorsaCapital. She decided to remain during the remainder of our session.
CorsaCapital is a scam that should be exposed and shunned by all Forex traders. To begin with, they have a lame website. They claim that this website was designed by Insta Media Group. To be honest, this looks like amateurs built this website. Mark all their emails as Spam and never click on any links sent by them.
Only option we are left with is to add this scam to our broker blacklist. Make sure you warn your friends and relatives from signing up with this broker. Relevant authorities are asked to look into this platform and shut it down. Once they have shut their whole operation down, newbie investors will be safe.
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Finally, we wish you all the best in your Forex trading ventures.
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