SoloCapitals (Solocapitals.net) is another brutal Forex scam which must be exposed before ruining another investor’s life. Solo Capitals is purporting to offer commodities, currencies, indices, and stocks. With fake credentials posted all over their website, we decided to investigate this broker. What we found out will most likely piss this brokerage site. Read this detailed and honest SoloCapitals review and find out the truth. Solo Capitals is a ruthless scam.
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According to their homepage, this broker claims to be in 72 countries. Problem with this statement is most regulatory bodies have listed Solo Capitals as a scam. Ensure you stay away from any broker who is using fake credentials to entice users to join. Other notable fake claims with this platform are delivering over 3835 daily signals. How can they be delivering these claims with no solid communication channels?
Claims and promises have been used by this broker to entice users into signing up. Services they offer include recovery services with over 17348 of them. Looking at the web, this is not true as this broker is lying to investors. Recovery services are just another way this broker is stealing funds from investors. Losing money hurts, losing money with the same broker hurts more. Make sure to stay away from any broker who shares similar characteristics.
According to the disclaimer at the footer of the homepage, this platform is owned by TB Corp. Looking at the registrar of companies, this company is nowhere in their register. This means users are investing money to an unknown entity. How can traders trust funds with a broker who is totally anonymous? Who runs this platform? This is information traders should know before signing up with this broker. Stay away from any broker who is anonymous in nature.
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TB Corp is simply used by these scammers to try and legitimize this platform. There’s no way a broker who is anonymous can be legit. This is a pointer we may be dealing with an offshore broker. For all we know, this could be a front for money laundering; this is why no one should sign up. SoloCapitals is a scam which should be ignored and exposed.
This platform is not licensed to conduct any Forex transactions by any regulatory body. Solo Capitals is conducting Forex business with no valid credentials. Why would anyone want to use a broker who is not regulated by relevant authorities? Stay clear from any broker who has no credentials to conduct Forex services. This means whoever signs up will lose their funds at any given time. Stay clear from this platform and sign up with licensed brokers at all times.
A real broker will post copies of their registration certificates and documents for interested parties to see. This guarantees users a chance to validate and verify these credentials. A broker who willingly refuses to post these documents is hiding something. Most likely, this broker is hiding the fact they have no authorization to conduct Forex business. Stay clear from this shady broker at once.
SoloCapitals offers two different account types to choose from. Savings account includes a dedicated portfolio, hedge fund savings, and personal banker. Stay clear from this broker and any of their savings account, these accounts are fake. Signing up with this broker is the last thing any investors should think about.
Other account types include Basic, Bronze, Silver, Gold, Platinum, Diamond, and Black account. Minimum trading requirement starts at $250, $1,000, $3,000, $7,000, $15,000, $25,000, and $50,000. These accounts have the same features which makes us question every detail regarding this platform. These accounts are a trap to entice all types of investors, small, middle, and large type. Make sure to stay away from any broker who issues accounts which are all the same.
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According to what this website claims, this broker prefers using MT4 trading platform. This broker provides a web and mobile MT4 trading platform. In order to test how well this platform works, we decided to download it on our mobile devices. And this is where we faced another red flag with Solo Capitals. Their MT4 mobile platform is highly unstable as download could not complete. In fact, download stalled at 24% making it an unreliable platform.
A platform which is unstable is bad for business. Anyone who signs up with this platform is vulnerable to cyber-attacks. Hackers find unstable platforms to be easy prey for data harvesting. These hackers will steal credit card information as well as your identity details. With this information, hackers can pretend to be you. They will purchase goods and services and pay them with your credit card. This isn’t the first time hackers have used unstable platforms to their advantage.
Funds are not safe with a broker who is anonymous and lacks licensing credentials. Make sure to stay away from any broker with these characteristics. Where do they bank money deposited by users? These details should be on their legal agreement page which they have skipped for a reason. Its clear users could be depositing funds straight to owner’s personal bank accounts. Stay away from any broker who bluntly refuses to give users vital banking information.
When it comes to segregation of accounts, this is not possible with this broker. This means we are dealing with a broker who is pooling funds in one account. SoloCapitals is funding themselves by using one account which is extremely dangerous. Stay away from any broker who is out to steal your funds. SoloCapitals is not to be trusted with funds.
SoloCapitals is using four different methods users can fund their accounts. Investors can use American Express, MasterCard, PayPal, and Visa. Depositing is easy and fast and takes less than five minutes. This is not a valid reason why users should sign up with this broker. Withdrawing funds becomes a huge headache as this is not possible. Investigation reveals this broker fails to give users access to withdraw funds. This makes SoloCapitals a certified scam.
Evidence clearly point at Solo Capitals being a scam, thanks to their shady practices. From not having proper licensing documents to being anonymous, this is clearly a scam. Mark all their emails as Spam and ignore clicking on any links sent. Hackers are also using these links to steal personal data. Chances are, you will lose your identity to these professional scam artists.
Anyone who signs up with this platform will lose their funds, period! What we will do is add this platform to our blacklist; this will prompt relevant authorities to investigate. Make sure to stay away from this broker and always sign up with industry recommended brokers.
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We wish you all the best in your future trading experience.
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