MTcapitals Review: A Detrimental Scheme

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MTcapitals Review: A Detrimental Scheme

MTcapitals is one broker claiming to attract a crowd of investors. The entity boasts the utilization of unique trade execution. They also assure traders of a great customer experience. However, the big concern is whether you can rely on the company. Despite the enterprise’s claims to offer trading services and products, we have reasons to believe this is a potential scam. 

MTcapitals Review, MTcapitals Company

Furthermore, there are complaints from existing customers. The company promises great returns, yet there are no trading results. You can only get a bad experience from an anonymous broker. Our attempt to unmask the people behind the firm hit a hard rock. The fraudsters behind the platform are tactical. It is impossible to go after them once they close down the business. 

There are misleading reviews from websites that collaborate with scammers indicating is a genuine company. These platforms receive a commission when you sign up for the Ponzi scheme using their links. You should note that there is no innovative team involved. The founders of the rogue brokers are random people without trading experience. Review

These con artists are targeting novice investors. They encourage everyone to open an account even without having prior trading experience. You can allegedly utilize the social trading feature and copy the strategy of expert traders. This is a tricky scenario, especially when dealing with untrustworthy schemes. 

The people you are copying their trading may intentionally mislead you into making losses. MTcapitals states it provides access to multiple assets from a single platform. Clients have the liberty to choose what most appeals to them. 

The broker accepts investors worldwide, which is a good thing. Since many people can access the financial market. However,  the real question is, does the company comply with those countries’ regulatory watchdogs’ requirements? We can see the firm violate several rules, including a lack of transparency. 

Before you invest, visit your local regulatory body’s website and cross-check whether a broker is licensed. MTcapitals might require investors to download remote access software on their computers. They will claim this is to help you trade virtually. Note that this is risky since the company can steal critical saved data. 

Scammers have powerful sales pitches that will easily convince you to join them. However, you will never make money with these shady entities. Stay on the lookout and trade with legitimate forex brokers. You will earn real-time returns without compromising your safety. 

MTcapitals Trading Conditions 

The platform offers a web-based trading interface. As the name suggests, the software is basic and lacks advanced features. Also, it’s prone to market manipulation. MTcapitals interface has a social trading feature. Many brokers avail the MetaTrader software. It enables customers to trade automatically. 

The offshore company claims it has a 400% return rate which is ridiculous. The alleged average success rate of the software is 90%. Their losses range at -4%, which is completely absurd. If the numbers are correct, the broker should be among the top-rated in the market. 

MTcapitals spread for the EURUSD pair is 5 pips. The spread is unfavorable to customers since they will pay more to open trade. Typically legit brokers offer 1.5 pips. The rogue broker offers a leverage of 1:100. The limit is hazardous and above what the regulatory agencies approve. The leverage cap for; the US is 1:50, Japan is 1:20, and the EU is 1:30. Legitimate companies only offer high leverage to expert traders. 

Withdrawal and Deposits

MTcapitals fails to feature withdrawal and deposit requirements. We are unaware of the available payment methods. However, scammers use options that limit clients from issuing a chargeback. Depositing with your bank card gives you up to 540 days to issue a chargeback. 

Sadly, scammers transfer deposits to multiple offshore accounts, making tracking the cash hard. Cryptocurrency methods are fast and seamless. But, scammers use the options to conceal their identity and limit the chances of traders reversing the cash. 

The minimum deposit at MTcapitals is $250. The majority of investment schemes charge the same amount. However, this does not mean no companies are accepting lower amounts like $10 and above. We also don’t see the need to deposit such capital when dealing with an exposed scam. 

Customer Support and Contact Details

MTcapitals headquarters is allegedly in Geneva, Switzerland. Customers can reach the support via email or phone. The availability of the above information does not guarantee you will receive a response. Con artists are responsive only when they need more cash. Once your pockets run dry, you are useless to them. 

Avoid sharing your ID, proof of residence, and phone number with discreet companies. The information will be used against you. We have seen fraudsters manipulating clients using information shared. They might require you to deposit cash in their account. Failure to comply leads to them selling the data to criminals. 

It is only legitimate investment companies that handle customers’ concerns diligently. You also get convenient services. Genuine brokers work with professionals who operate around the clock. In return, they win traders’ trust. 

MTcapitals will eventually exit the market without giving notice. Any attempt to reach the broker will be unsuccessful. Scammers disconnect their phone numbers and never read emails. Ponzi schemes only look after themselves. 

MTcapitals Regulatory Status

MTcapitals fails to reveal its regulatory status on the website. The offshore broker operates without a license. This makes the company dangerous. We do not recommend opening an account. The information you share is also compromised. There are many benefits for investors who trade with licensed companies. Peace of mind is one of them. 

Switzerland has set strict guidelines for investment companies. FINMA is the country’s local financial body. Getting a license is not easy, especially for scammers.  Brokers must prove financially capable by depositing a hefty capital of 20 million Swiss Franc. Fraudsters choose offshore regions to operate as they, please. 

Offshore schemes like MTcapitals can steal all your savings without facing legal measures. This is because nobody knows their identity. The financial market is no joke, and poor funds management can lead to bankruptcy since you won’t be dealing with professionals. 

MTcapitals Customer Feedback

The broker has many negative reviews from traders. The company is being accused of neglecting customers’ needs. They are ripping off clients and carrying on with their shady business. The personal senior investment officers are rude to traders. There is a report of abuse and the use of foul language. Review, False Reviews

Learn from the experience of those that have already lost money. MTcapitals has also been blacklisted in many countries. The account managers keep pressuring traders to deposit more cash but never honor the withdrawal request. They block clients’ phone numbers and ignore text messages. 

Be cautious, as some Ponzi schemes use false information to lure novice traders. They pay actors to endorse them. Additionally, fraudsters leave positive remarks on their website. They can also anonymously leave false statements on third-party websites. Look for proof of payment or check for regulatory status. 

Final Verdict

There are only disadvantages to dealing with MTcapitals. The broker real country of origin remains a mystery. The company is unregulated and does not offer customers fund safety. You could also lose more money than you deposited since there is no segregation of accounts. 

Venture with legitimate forex companies and enjoy the best trading conditions. You can also monitor your account with ease. Genuine companies offer transparent services and great customer support. 


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