Trade Capital is a broker who allegedly offers trading in assets like Forex, Crypto currencies and over 100+ CFDs. On top of these trading instruments, the broker also claims that they have educational material to help traders horn their skill as they trade with Trade Capital. Also, from the screenshots published on the site, it appears that Trade Capital is also operating like a binary options broker. They are offering up to 5 different types of trading accounts with no fees for withdrawal among other features.
The most important thing to know about this broker is that they are unregulated, and secondly, they have been listed on the Finma website as one of the riskiest brokers to trade with due to their unregulated status. However, the broker appears to be disregarding this warning and continuing to operate in defiance. They are luring traders with lots of add on which appear valuable when in the real sense they are not. These include daily market reviews, webinars and seminars, financial market introduction among other things.
On top of this, the broker offers a feature known as loyalty chain program. The broker does not elaborate further on what this feature entails, and hence traders do not know what to expect if there is zero information on this subject. It is also important to note that the broker is offering bonuses for each deposit. This feature is listed on the website as Diamond Chain Bonus.
The reasons why this broker is a scam is because they are unregulated, and secondly, there are zero client feedback on their services. The few reviews which we have come across have rated them extremely poorly. Therefore, something is not right with this broker. If you still want to use them, read this review carefully and make a second consideration of your choice.
For the best regulated brokers in the industry, we advice that you click here to find out what we have for you.
If you want to know how secure a broker’s website is, the first thing to look for would be the SSL certificate, which is a seal that guarantees that the site is safe and sound. This feature is nowadays offered by many hosting companies free of charge. But Trade Capital has no such feature on their site, which basically means that when you input your credit card details on their site, the information is not encrypted, and so that means scammers can find your personal or banking information.
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This does not agree with the claim that Trade Capital’s website is secure. If they cannot invest in basic security features, then it simply means that this site cannot be trusted. In fact, even the entire brokerage service should not be trusted.
They offer 5 different account types labeled bronze, silver, Gold, Platinum and Diamond. Each of these account types offer different kinds of features. However, Diamond account seems to be the most beneficial trading account of all. With this account, the broker claims that traders will have access to exclusive features like personal coach and a risk management team.
When you browse further down the site, you will come across some usage statistics on the site which tell us the number of transactions that go through the site, number of countries served among other figures. Of course there is no way to verify the truthfulness of this info. So we assume that they could have been made up by the site admin.
We are suspicious about the testimonials which appear on this site. There are a couple of seemingly positive testimonial from people who claim to have been trading with this site. Trade Capital is claiming that these people have endorsed their service, thereby misleading us to believe that they are offering a professional and ethical trading platform which all traders can use and enjoy. You must be very careful not to believe such testimonials since they are easily faked. This information can be manipulated to make you believe that the site has been receiving positive response from members of the public. So the best thing to confirm this info would be to conduct a research elsewhere on the internet to see whether other traders are sharing similar opinion.
The fact of the matter is that Trade Capital’s reputation is in a big mess. These reviews cannot be verified, and we are therefore not treating the information as reliable.
There are no client feedback about the site. We believe that if it was indeed providing professional brokerage services that all people can be proud of, it would have received a lot of feedback by now. It would have created a buzz. The reason why no one is talking about this brokerage is because they are scammers, and the alleged testimonials which you are seeing on their sites are made up. They are fake. They are not real. So don’t believe them.
Not only is trade capital an unsafe site to submit your personal information, but it is also unregulated. This means that you should never send any money to the admin who runs the site. If you ignore this warning, you risk losing your funds. Brokers who aren’t regulated have no way of guaranteeing or assurance the safety of your funds. In addition to this, the broker in question can even steal your funds at will.
The people behind Trade Capital are not even telling us who they and where on earth they are based at. This is another serious red flag. With only a few generic sentences to explain who they are and what they do, this site thinks that it can scam naive traders. There are many similar scams that are operating like this broker. You must learn to avoid them.
You should avoid this site at all cost. If you want good brokerage services, our advice is that you should use these sites. The brokers we recommend here are very professional and well regulated.
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