CryptoCapitalFX (Cryptocapitalfx.com) is a brutal Forex broker that must be exposed for the scam they are. Crypto Capital FX has been in the news for all the wrong reasons, mainly scamming members. Complaints have been sent to us via emails detailing how members are losing with CryptoCapital FX. This is why we decided to conduct a thorough investigation regarding CRYPTOCAPITALFX. Read this detailed and honest review to find out more.
What scammers do is come up with a product or service that will at first glance appear real. These scammers are no different as they have used the same tricks used in almost every Forex scam. This includes having to come up with a homepage that easily appeals to the eye. Folks, don’t let this fool you as there’s more than meets the eye. Here, we will reveal the dirty tricks used by these scammers.
Claims and promises are another must have recipe in the hands of fraudsters. CryptoCapitalFX is guaranteeing users a safe and easy way to make money. Is it really easy to make money with CryptoCapitalFX? Read this whole review as we have lined up all the dirty tricks used by these scammers. In order to protect the good Forex trading name, scams such as Crypto Capital FX must be exposed.
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This is always a good question to ask before signing up with any Forex Broker. A user must at all times know who they are entrusting their money to. Why join a broker that you don’t know who it’s affiliated with? According to the disclaimer at the footer of the homepage, CryptoCapitalFX is owned by Eternity Capital Management LTD. They have listed 346/17 as their license number.
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What they also put in is that this broker is located in Makariou, Nicosia. Folks, never trust everything that you read. This is probably an offshore broker who is trying to make the platform appear legit. For all we know, this is an offshore broker due to the way they transact their business. And it’s a fact that offshore brokers are notoriously known to flaunt ruled and regulations.
This brokerage firm is not licensed or regulated anywhere on the face of the planet. What this means is that they are not authorized to conduct any Forex transactions. Why then would they put up a licensing number at their homepage? Folks, this is a ploy that scammers use to try and legitimize their platform. Registration number does not follow the algorithm used by the licensing authorities.
What this means is that whoever signs up with this broker is giving out money to an unauthorized broker. This is risky business since no one will help you recover money in case of closure. Sure, once these fraudsters sign up as many people as they can, they will surely close down this scam. If they don’t word has already reached the authorities and soon, the site will shut down.
One sad factor with CryptoCapitalFX is that they don’t have a live chat support team. With this day and modern technology, you would expect one. Least thing Crypto Capital FX would have used is have a bot. This is not encouraged although it would have been a good thing to have. What this sum up to is the fact that owners don’t want to be contacted. If you haven’t noticed yet, there’s no contact information at the bottom of the homepage.
A broker that has no live chat support is not worth your time. This means that they can easily decide not to answer any queries sent to them. And this is why we are against users signing up with CryptoCapital FX. Their email response time is also worth mentioning to be crappy. What we did was send an email asking what’s the minimum required deposit. To this day, we haven’t received any feedback.
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According to the about us page, Eternity Capital Management LTD offers users with modern platforms. They claim that their platforms are highly developed and sophisticated. What they claim to use is MetaTrader platform which we aren’t sure whether its MT4 or MT5. They claim that this is a hybrid internet-based trading platform that’s friendly. All claims listed on the page are lies.
They claim to merge real time analytics and encrypted data with their platform. This is a real problem as we could not find out how it works. A good broker ensures that they have a platform that can easily be downloaded. How do we know that the platform is stable? According to users, this platform is not fully secured. This means that we may be dealing with an unstable platform which is prone to cyber-attacks.
With the level of anonymity used in this platform, we highly doubt that funds are safe. Note that they don’t show us their depository banks. This could mean that they don’t segregate accounts which is a disaster. What’s more disturbing is that members could be depositing money straight to the owner’s personal bank account.
Another disturbing factor that we must highlight is that this broker does not participate in a compensatory scheme. Sadly, with CryptoCapitalFX, funds are not safe. This is why its best to sign up with a broker who follows industry guidelines and rules.
Who are these people who founded this brokerage firm? They claim to have a founding team that comprises of individuals with vast experience. It would help to mention some of these individuals for verification purposes. These claims of having a combined experience of more than 20 years are unsubstantiated.
There are no pictures or contact information on any of these founders. Don’t you think that this is weird? Why would they not put up their faces and names on their homepage? Reason is simple, there’s no such thing. This is another statement that these fraudsters are trying to make to legitimize this platform. Why should we trust anything these people say when there are no facts to back them up?
All evidence clearly shows that we are dealing with a professional scam outfit. From their level of anonymity to fake claims, this is surely a scam. Make sure that you mark all their emails as Spam and never click on any links sent by them. Also, don’t waste your time trying to contact them, they don’t respond. This means that all what Crypto Capital FX wants is for people to deposit with them.
Option left for us to do is blacklist this broker as a pure scam that insults the Forex trading name. Best thing is to completely ignore it and go for authentic Forex brokers. Trust and accountability are a must have in any type of trading. Sadly, this broker lacks all the right qualities of a true Forex broker.
Go for Recognized and Reputable Forex brokers at all times. This will lead to making successful wins with Forex trading. Start with Accountable and Honest Forex brokers that always have your back. This is a proven way of making money with Forex trading.
All said, we wish you a happy trading experience.
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