Capitals Ltd Review 2024
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of Capitals Ltd Trading Company
Capitals are not a reliable source of trading services because they present themselves as FCA-regulated while using phony credentials. All of this is fake information designed to trick traders into thinking they are doing business with a respectable company.
They attempt to capitalize on the standing of an authorized broker. Several regulatory bodies have taken notice of this company because it is essentially falsifying its license and regulations. Leading financial regulators have warned the public that Capital is a scam broker. Unlicensed enterprises present a challenge because they lack the risk-reduction measures implemented by the authorities. Leverage restrictions, client fund segregation, negative balance protection, bonus bans, and other restrictions are a few of these.
The company's assertion that it has been in operation for a long time is among its more ridiculous lies. Below are the experiences of those who have invested in the platform.
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Contacts
Registration address | According to the company, its headquarters are in the United Kingdom, Saint Vincent, and the Grenadines. However, since the broker is not regulated in these locations, this is seen as misleading. |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Capitals Ltd been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Capitals Ltd by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Capitals Ltd is down, not updated or operates with clear errors and some features are not available;
• Capitals Ltd has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Capitals Ltd got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Capitals Ltd got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Capitals Ltd?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Capitals Ltd is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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