GoCapital123 (Gocapital123.com) is another dangerous Forex scam platform which must be exposed. Go Capital 123 is professing to offer trading with the most favorable of terms. They further promise investors a secure trading experience. Are all these claims true? What we learnt with this broker is shocking to say the least. Why are members crying foul with this broker? Read this detailed and honest GOCAPITAL123 review and get the truth.
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After receiving numerous email complaints from users, we knew something was amiss. Why would over twenty members be complaining? After conducting a thorough investigation, we found some disturbing evidence. GoCapital123 is not what they claim to be. They are simply a hoax trying to steal money from unsuspecting investors. What are the tell signs this broker is a scam? Make sure to go through this review and find out tricks used by these scam artists.
Professional scam artists will create a website which looks real to lure investors to sign up. And this is exactly what GoCapital123 is doing with this website. Another interesting detail we found out is the empty claims and promises plastered all over. They are tactics used to entice investors to sign up. These claims are nothing but traps which will never materialize. And this is where the scam artists lay their traps.
According to information posted on their disclaimer, this website is owned by Lancelot Equity Ltd. After checking with a few company registers, no company has been listed under this name. These scam artists are using an anonymous website to entice users to sign up. They want to feign legitimacy and professionalism. Stay away from any broker who uses fake company names. They are most likely a big scam operation. GoCapital123 is another well thought out platform stealing from unsuspecting investors.
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Who are the founding members of this website? Why can’t we get information regarding the names of people running this website? These are some of the tell signs we are dealing with a scam. As it turns out, they claim to be based in the Dominican Republic. What this means is we are dealing with offshore brokers. These are professional scam artists who will do or say anything to have your money.
Being based in the Dominican Republic, we highly doubt this broker is dully registered. In order to validate their license claims, we had to contact leading regulatory bodies. We contacted ASIC, COSNOB, CySEC, FCA, and NFA. None of these regulatory bodies has ever licensed this broker. In fact, COSNOB was about to issue a warning to traders not to sign up with this platform. Make sure to stay away from any platform which lacks proper license and registration details.
Looking at their documents page, there’s no information given regarding licensing. Why would a broker have terms and conditions and fail to post copies of their licensing? It’s because they don’t have any valid license and registration certificates. Stay away from this broker as they are waiting to pounce on unsuspecting investors. Dealing with an unauthorized brokers leads to more misery than good. Make sure to stay away from these brokers or else face some huge consequences.
GoCapital123 is professing to offer users with three different account types to choose from. These accounts are named Basic, Gold, and Platinum. GoCapital 123 goes ahead and offers an Islamic trading account. These are unfair accounts as there’s no information given regarding account features. Scam artists will create accounts and ask investors to call them in regards to explaining how accounts work. And this is where they create a chance to fleece money from investors.
Without knowing the acceptable minimum required deposit, users can be asked for an insane amount. Basic account holders can be asked to deposit over $10,000 in order to start trading. Industry set minimum required deposit is $250. Ensure you stay away from brokers who offer account types with no features. GoCapital123 is hoping no one will raise questions regarding account features. Thanks to our years of trading experience, we know how to spot scams from a mile away.
Another shocking detail we found out with this broker is using a rigged demo account. When users sign up with their demo account, they get insane results. These scam artists have ensures users get over 95% successful trades. In the real trading world, it will never happen. Prices change constantly and making such high profit margins is impossible. They want to entice users to believe they can achieve same trading results with a real account.
Did you know Go Capital 123 is offering an unstable platform? Their MT4 platform lacks proper security features which are a major concern. A platform which lacks DDoS and SSL Encryption is putting users at risk of being hacked. Hackers are targeting unstable platforms and stealing credit card information. This is why dealing with an unstable platform is a huge security risk for any investor. Stay away!
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There’s no way funds can be safe with an anonymous broker who is based offshore. Why have they failed to mention how they handle funds? Which banking institution do they use to store funds deposited by members? These are some of the vital information members should have. Is it possible members are depositing funds straight to owner’s bank account? Now you know you are lining their pockets with free cash.
Why is it hard for members to withdraw funds? Most members are complaining of lack of withdrawals. Segregation of accounts is also another issue. Merging funds in one account is highly risky. Sadly, GoCapital123 is pooling funds in one account which is extremely dangerous. Make sure to stay away from this broker or become their next victim. In case of insolvency, don’t expect any compensation, GoCapital123 doesn’t insure funds.
Evidence clearly point out we are dealing with a scam. Make sure to mark all their emails as Spam and never click on any links sent. Joining any of their affiliate programs is highly risky.
Stay away from this and any other broker who shares similar traits.
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Wishing you all the very best in your trading.
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