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TradePro Capitals (Tradeprocapitals.com) is a fake CFDs and Forex scam broker to hit the Forex world. Due to the numerous emails complaints we have received in the last month alone, we decided to investigate it. From empty promises they plaster on their homepage to being unlicensed, we promise to reveal them all. Dirty tricks used by these scammers will be shown here without prejudice. Read this honest and detailed review to know more.
From what we can see regarding their website, they seem to have outdone themselves. This website looks legitimate and we get why people would want to invest in it. First look gives a welcoming feel and this is exactly what scammers are looking for. Scammers want you to be interested with what they are selling by the look of the website. Don’t let this fool you as there are hidden things to be found.
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One of the many flaws we saw was the fact that they offer users with a $500 sign-up bonus. If you are new at Forex trading, bonuses are strictly forbidden. Why? Bonuses make it easier for scammers to take advantage of investors. You will never withdraw your money with such a brokerage firm as they don’t allow you to. Bonuses have become a hindrance since these scammers will claim no trading volume achieved and demand their bonus back.
No one really knows who actually owns TradePro Capitals Forex broker. It is a risky venture to invest your money in a firm whose identity you don’t know. All we know is that this broker is an offshore broker. TradeProCapitals hails from St. Vincent and Grenadines where most offshore brokers reside. It means that following the strict rules and regulations is not a priority to them. Most of these offshore brokers are unlicensed and unregulated.
We noticed that on their legal documents disclaimer they don’t actually tell us who owns the firm. It means we cannot verify where the funds are going. For all we know, we could be depositing money to a terrorist network. Having people we could contact would have made thing easier for us. According to our investigation, we believe they have used a fake registration number.
Another curious thing we noticed with this website is that there was no live support chat. How do they expect us to get in touch with them in case of a quick query? It seems odd that they expect traders to use their email support team instead. Problem with emails is that they tend to stay a bit longer before getting a response. It’s best recommended that you always be in contact with your broker 24/7. Emergencies may arise at any time.
We also noticed that TradePro Capitals email response time took more than a week to respond. It’s simply not a reliable support team. No one should be subjected to such rash services as it may be risky. What if a user wants to withdraw money or ask a serious impending question on trading? You will certainly have to wait for a long time before getting an answer. For this and other reasons, we urge that you stay away from TradeProCapitals.
Platforms being used here are also not worthy. Claims of having a MetaTrader4 platform can be seen plastered all over the web. A big flaw was immediately noticed when we tried downloading this website on our devices. TradePro Capitals claims to offer a trading platform that is compatible to all devices. This means that you can download using web trader, android, and IOS. It’s not the case as they claim.
Download took time even with a fast internet connection and this led us to believe that their platform was unstable. Another scary thing that happened is that download stalled at 38% which is abnormal. This only points out to what we had said before about the platform being unstable. It means that hackers can easily take over and steal your personal information. If hackers can steal your credit card information using TradeProCapitals, it’s not worth it.
Demo account used in this TradePro Capitals scam has been rigged in your favor. It may seem okay at first glance, believe us when we say, this is scary. Reason why we say its rigged is because it makes only successful trades. Nowhere can you make only successful trades in any Financial market. Reason why they do this is to ensure you get hooked and sign up with the real account. Now you see why we are against this broker.
TradePro Capitals offers four different account types to users. These account types include Micro, Premium, Gold, and ECN. These accounts come with different perks. Micro account holders must make a minimum deposit of $10. Honestly, this is a low amount considering the acceptable industry standard. We believe they have used this low amount simply to get more people to sign up.
Difference between Micro account and ECN account holder is simply that the latter gets a commission. As we earlier said, offering bonuses and commissions is against the set rules and regulations. It means that TradePro Capitals is breaking the law when it offers bonuses and commissions. Users who also accept these commissions are also aiding and abetting these law-breaking Forex brokers.
Without a doubt TradePro Capitals is a scam in the making. No one can prove otherwise. No one has come across anyone that has won with TradeProCapitals. It also means that you cannot be able to withdraw with TradePro Capitals. It makes this a sad brokerage firm that should be avoided at all costs. Remember that this broker is not registered nor licensed. Dealing with TradePro Capitals opens you up to huge risks.
With all the evidence produced, we have no other option but to blacklist TradePro Capitals as a scam. Some of the hard evidence we have include lack of proper communication, registry and withdrawal. No matter what anybody says, we have not seen even a single positive review of this fake broker. It only cements our position as being against the use of unregulated and unregistered brokers.
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