Go Capital FX Review: Trading Platform that Has Scammed Millions

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  • - Can't withdraw your funds from this fraudulent company or broker?
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Go Capital FX Review: Trading Platform that Has Scammed Millions

Using the platform’s website, we see that members are extended leverage of 1:1000. This leverage is at 1.5 pips on EUR/USD. We noticed that the spread offered by this forex platform is the industry’s average. This is all done to entice users into believing this is a legit Forex trading platform.

Regulation and Safety of Funds by Go Capital FX.


Lancelot Limited Equity Limited is the company that’s behind Go Capital FX. As we earlier mentioned, Go Capital FX is registered in the Dominican Republic. It should be mentioned that there’s no way of confirming this claim. We also went through the terms and conditions and it was a shock. There was no mention of any regulatory body that backs Go Capital FX.

Instead of using unregulated Forex brokers, why not use regulated and licensed Forex brokers. You will never lose your money with tested and trusted Forex Brokers.

Scammers target the Dominican Republic since it’s not known for strict regulatory and oversight. It’s, therefore, safe to say that Go Capital FX does not fall under any regulatory oversight whatsoever. Lack of regulation ensures that GoCapitalFX can do as it pleases. This opens up this platform to a whole new level of scamming. This means there’s no authority to turn to in cases of fraud.

What Platform does Go Capital FX use?


MetaTrader4 is the trading platform that GoCapitalFX uses. MetaTrader4 is the most popular trading terminal in Forex as we speak. We used their demo account to see how Go Capital FX works. We saw a spread of a pip and also a half on EUR/USD. It should be known that this is within the industry’s average.

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Clients were extended with a leverage of 1:1000 which balances and in no way excessive. You should know that high leverage hides risks more than you had invested. One of the main problems we faced with Go Capital FX is trading conditions. There were no clear or laid conditions set with Go Capital FX.

GoCapitalFX Scam

GoCapitalFX does not give users minimum deposit required to trade with them. This is an important aspect when it comes to Forex brokerage. Lack of this information and regulatory authorities are warnings this is a scam. This makes us more and more sure clients are liable to risks.

Is Go Capital FX Regulated?


We always tell our readers to exclude themselves with risk trading. Only associate with traders who have been given the thumbs up to use. Check with regulatory authorities such as FCA and CySEC to find out whether a broker is regulated. Sadly, Go Capital FX is not regulated and means it can take your money without warning.

Instead of dealing with unlicensed brokers such as Go Capital FX, why not USE TRUSTED AND RECOMMENDED brokers? Using these brokers ensure you don’t lose money and can trade safely. It’s a good way of making real money with Forex trading.

Regulated Forex brokers give assurances for the security of client’s funds. Segregation of accounts is a must follow the rule when it comes to forex trading. It helps lower risks of commingling. Regulated brokers must participate in a compensatory scheme. This means the client’s losses are covered in case the broker goes bankrupt.

Fake Reviews and Testimonials


You might have seen fake testimonials flying around the web. Scammers are smart people and hire webmasters to publish positive reviews. This ensures investors will believe this is a legitimate product. Testimonials are also faked including people who claim to have won with Go Capital FX.

These people have been hired to say anything in order to legitimize Go Capital FX. We had to let you know in order for you to stay safe.

How to Withdraw Money with Go Capital FX


Website claims that clients may deposit or withdraw money via MasterCard, Visa and Wire Transfer. When we went through GoCapitalFX terms, there were worrisome conditions which we must address. One of them is a dormant account fee. It means if a client’s account is inactive for more than 90 days, $38 is levied every month.

Dormant account fees are normal in Forex Trading but this penalty is overly excessive. They also have a minimum withdrawal fee of $50. How can GO Capital FX say this when the homepage says something different.

These scammers will never allow you to touch your money once it has exchanged hands. We hugely advise clients never to work with scams such as Go Capital FX.

Homepage claims Go Capital FX has no withdrawal fees. As a trader, you should always look at the broker’s intentions. Such fees and delays in withdrawing are a sign of scam in the making.

How does Go Capital FX Scam Work?


One of the reasons why we need regulation is because scamming has become the norm. Regulations guarantee that scamming does not happen. We however know the tricks involved with GoCapitalFX Forex scam.

GoCapitalFX Fake

You are promised quick money without having to make any effort. You are directed to a page where you need to give out your email and phone number. Once you share your personal information, you start receiving calls from brokers urging you to start trading. These brokers will tell you to make a deposit of a certain amount, usually $250.

Having done this, you will see your account make huge amounts of money. They will ask you to make a deposit of over $10,000 in order to make huge profits. And this is when the scam starts. Scammers make sure you will never get to withdraw your money. When you contact them, they will claim you have not reached a certain trade volume to warrant a withdrawal.

What to do When Scammed?


Best thing you should do is file a chargeback with your credit card provider. Both MasterCard and Visa have increased time for filing a chargeback. 540 days is the new time period you’re required to file a chargeback.

You should also ensure that you have canceled your credit card. Make sure you change your online bank password to avoid further losses. It should be noted that there are recovery agencies that claim to recover your money. All these are fake claims that should be avoided.

Never give personal details when it comes to credit cards and banking information. Only do so to relevant authorities and not any type of broker. This will help you avoid credit card theft and identity theft.

These recovery agencies will only lead you to more misery. Why? They require an upfront deposit before starting the recovery process. Once you deposit with them, they go away without any trace.

Is Go Capital FX Legit?


Go Capital FX is nothing but a scam that should be avoided at all costs. We are dealing with a sophisticated scammer who hides his tracks. In order to stay safe, don’t interact with GoCapitalFX.

Go Capital FX Final Verdict


GoCapitalFX Scam Review

Go Capital FX is nothing but a money-making pyramid scheme out to get your money. We have provided irrefutable proof that this is a scam in the making.

Instead of dealing with fake brokers such as Go Capital FX, why not trade safely with REAL FOREX BROKERS? With real and regulated brokers, your money is safe and you stand a chance of making real profits.

Stay safe and use only recommended Forex brokers.

5 Replies to “Go Capital FX Review: Trading Platform that Has Scammed Millions”

  1. ×


    • - Can't withdraw your funds from this fraudulent company or broker?
    • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
    • - Or is there an excessive delay in processing your withdrawal?
    • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?
    It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Mychargeback consultation today:

    Fill out the form below to recover your lost funds from this scam company

  2. Hallo, dieser Bericht stimmt von vorne bis hinten!!!
    Bis zur Auszahlung ist bei dieser Fa alles bestens , aber dann…..? Gebühren von 9% ist auch noch in Ordnung.
    Es geht bei dieser Fa nur um Einzahlungen und Auszahlungen werden nicht getätigt. Es wird Ihnen gesagt das eine Summe x Eingezahlt werden muss um denn Gewinn Guthaben abzuheben! Auszahlung bleiben aber aus!
    War keine gute Idee bei Ihnen Einzusteigen! Der Verlust ist noch ihn Grenzen ?


  3. Ich bin mit einem Go capital Agent in Verbindung und sehe große Ähnlichkeiten zu Goldmancfd. Goldmancfd ist ein hochkrimineller Betrüger, der mich um mein ganzes Geld gebracht hat. Ich kann nur hoffen , daß ich den Großteil durch chargeback von Visa widerbekommen kann, ansonsten ist es für mich eine finanzielle Katastrofe!!! Vielen Dank für die klare Warnung!!!

  4. This company saw that i would not invest anymore money and the broker opened a lot of high positions at a loss without consulting me and when i wanted him to ring me he was always busy and he quickly closed my account without my consent. Resulting me in having lost all of my money. At first they reel you in my making you profits and than they just loose it all probably opening false positions to take all of the money.
    I had no control over the positions he opened or the account for that matter as if you want to withdraw money he has to okay it and he was never going to. As i wanted to try and save some of my money. He just went and closed all of the positions at -500 to -600 usd before i could and lost the lot before i could try and take any of it. Heartless cruel individuals with no scruples whatsoever.
    The broker even had the guts to send me an email saying it was fun while it lasted!!
    ***Stay away because they are based abroad they are not regulated in the uk so you cannot even report them to the trading standards. *** Do not be fooled by their words***

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