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The FCA has already issued a warning regarding Scalacp. The Scala Capital platform is a clone and should be treated as a fraudulent platform. All facts point to scalacp.com using another legit platform’s credentials. The platform plans to accommodate unsuspecting clients mainly from Europe. We have the reasons that make it a risky investment platform. Learn more in our clear SCALACP REVIEW.
Although the platform claims to reside in the UK, it has a Spanish default language. We know why the platform would associate with such a location. The strict rules and guidelines will make it look appealing to investors.
Scalacp is a forex trading platform with no actual goals or mission to accomplish. Apart from having an appealing website., everything about it is false. The aesthetics at the footer of the homepage show lack of professionalism.
On their about us page, the platform claims to offer audit and evaluation services. In addition, they claim to provide global traders access to all financial instruments. Other services they claim to offer include business strategy and financial planning.
For those looking for a formidable and proven way of investing, there are options. These include Coin Staking, DeFi, and Masternoding. If you want a groundbreaking way of investing, the three are the best options the market offers.
Scala capital promises investors a chance to invest like the best in the world. How investors will profit from a cloned website remains a mystery to us. The platform claims to have short and long-term investors.
From the comments we have seen, most investors are unhappy with the results. When you deposit funds with Scalacp.com, cross your fingers. Most investors don’t get to withdraw funds with the platform.
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Scalacp offers three investment packages. First, we have to mention that the platform offers a high minimum deposit. Industry regulators have set $250 as the acceptable minimum deposit. To start investing with the platform, the minimum deposit is $1,000.
The three investment platforms include Silver, Gold, and Black. Here’s a closer look at each of the three account types.
Silver
It’s the most basic account, and this is where you must deposit $1,000 to start trading. The leverage for the account is set at 1:400, which is another interesting factor. The platform ignores the regulator’s maximum leverage of 1:100.
There are no commissions with the account, and the lot size starts from 0.01. Spreads start from 1.8 pips, with the platform claiming deposits and withdrawals are free. Unfortunately, you won’t get an account manager with any of the three accounts.
Gold
The account is seen as the crowd puller, and the platform wants even beginners to start with it. There’s a minimum account deposit of $5,000 and no commissions available. Leverage is the same on all accounts.
There’s a bonus amount of 25 percent upon making your first deposits. We will later look into why these bonuses are a risk to investors. The account is almost similar to the silver account, apart from the bonus and minimum deposit.
Black
It’s the most exclusive account, and users have to deposit $10,000 to get started. With such a high amount, you expect more from the platform. Unfortunately, it’s not the case as the account holder gets the same trading conditions as others.
There’s a welcome bonus of 50 percent and commissions of $7 per lot. Spreads start from 0.0 pips with claims of free deposit and withdrawals. Nonetheless, you won’t get a dedicated account manager.
At the footer of their homepage, the platform claims to have won several awards. These include the World Finance Finance platform of the year. However, if you look closely, you will notice that these are just award logos.
If the platform did receive an award, their name would be engraved on the award. But, unfortunately, the platform is busy fooling investors with false awards. We also must point out that there’s no award ceremony in the UK that we don’t know.
Naive investors will fall for the bonus amount on offer. Those who deposit $5,000 expect to get $1,250. It’s an insane amount for any investment platform to give away unless there’s a catch. And there is!
You won’t get the chance to withdraw funds unless you pay back the bonus amount. And the platform will demand a new deposit amount. Despite having an account balance that may cover the bonus, the platform demands a new deposit.
If you mistake depositing the bonus, it’s the last you will hear from them. After that, the platform might allow you to deposit an amount less than $1,000. And this is why regulators are against platforms that offer a welcome bonus.
You must understand that investing with an anonymous platform is out of the question. The platform does not indicate the people behind it. There’s no transparency which makes it a risky forex investment platform.
Make sure you stay away from anonymous investment platforms that have no real owners. Despite claiming to reside in the UK, they are using false credentials. Your funds are at risk with a cloned investment platform.
Even their support team is nowhere to be seen. We sent an email requesting their license documents and haven’t heard from them. You would expect users depositing $10,000 will get fast support.
If you look closely, there’s no live chat to help investors. Even the phone number they display is a virtual phone number. So we highly suspect these are offshore brokers trying their hand in the European investment scene.
There’s no mention of the deposit and withdrawal channels available on the platform. In most cases, the platform will offer investors a bank account. However, once you deposit funds, there’s no accountability.
Withdrawing funds from the platform remains the biggest hurdle facing investors. Yet, in the last few weeks, none of them have been able to withdraw funds. And this points to a platform taking advantage of investors.
The testimony you see on their homepage is false. None of these users even exist. When the images loop, you will notice a flaw. There’s a message reading ‘placeholder image’ on one of the profiles.
These are the only positive comments which are meant to incite investors into signing up. But, unfortunately, there are no independent platforms with positive reviews, such as Trustpilot. And this is proof we are dealing with professional online fraudsters.
Scalacp is not licensed and does not hold any valid documents. The Financial Conduct Authority has already issued a warning regarding the platform. It’s a clone of an authorized firm. Make sure to stay away from it or risk losing your funds.
Look for platforms regulated by ASIC, BaFIN, CNMV, CONSOB, FINMA, and the SEC when investing. These regulators ensure all parties adhere to industry rules such as leverage and minimum deposit.
There’s no safety of funds with a platform that fails to honor its duties of offering transparent services. The platform does not have a valid trading license, to begin with. Scala Capital is instead using cloned details from a UK firm.
Here are the reasons why we don’t recommend Scala Capital
Now you know the risks that come with investing with Scalacp.
The right way of investing means having to use platforms recommended by experts. Try out Coin Staking, DeFi, and Masternoding. It’s an ideal investment option for all classes of investors.
Feel free to leave a comment or email us with any queries.
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