Humans have been lying even before they invented language. AnyCoin continues this long tradition by presenting their clients with forged certifications. Among these are the old time classics – falsely registered parent company, falsified license numbers, forged certification.
Of course, as soon as you light a match, the dark goes away. Follow our AnyCoin Capital Review, as we peel the layers of falsehood and expose the dark core of this faux broker!
Regulation is the single most important thing for any online broker. When a broker receives an authorisation, they may begin their business knowing that they have full support of their regulator for as long as they adhere to the strict guidelines.
AnyCoin Capital has a parent company, Nan Trade LLC, which is allegedly registered in St. Vincent and the Grenadines. Like many other things about this broker, this information is simply not true. There is no company called Nan Trade LLC registered in SVG, or anywhere else in the known universe for that matter.
In the case AnyCoin Capital or their parent company were registered in SVG, this would not automatically mean they are a licensed brokerage. SVG’s financial regulator, FSA, has stopped regulating brokers due to the lack of resources. This means brokers operating from SVG need to be authorized elsewhere.
One of the best known financial regulators today is CySEC from Cyprus. This is a strict regulator that fully implements the MiFID agreement, as enforced by ESMA. Furthermore, CySEC adheres to the EU securities regulation, and offers the same safety measures as BaFIN, CONSOB and other EU agencies.
These require at least €730 000 of starting capital, and a compensation fund up to €20 000. Bonuses are banned in the EU, but Segregated Bank accounts and Negative Balance Protection are mandatory. Clients in the EU can expect leverage of no more than 1:30.
We are aware that AnyCoin Capital also offers services in the UK. The UK’s main regulator, FCA is as reputable as their EU counterparts. The main difference is that the UK does not cater to MiFID standards.
Of course, we wouldn’t throw the word “scam” around if we didn’t first check the databases of all these regulators. Neither the regulators in the jurisdictions we mentioned, nor ASIC, New SRO, CFTC, NFA and FINMA have any information on AnyCoin Capital. Thus, we conclude that they don’t have a valid license.
When you scroll down to the bottom of the main website of AnyCoin Capital, you will find a paragraph where this fraudulent entity lists a large number of licenses.
Among the listed government bodies are US Securities regulators – CFTC and NFA. The list goes on, and mentions entities that do not regulate this market, such as SEC, FINRA, CBOT, COMEX…
Needless to say, this is just another facet of falsehood with AnyCoin Capital. This unscrupulous scammer tries very hard to appear legitimate.
The success, if you can call it that, of any online scam lies in the ability to squeeze as much money from your targets. It’s no secret that citizens of developed nations are more well off than those in poorer regions. This makes them prime targets for scammers.
The devious people behind AnyCoin Capital have focused on these particular countries:
Of course, the entire ordeal would not be complete without false customer testimonials. This makes the broker seem more appealing to the general public, and is a good lure for potential investors. To maintain the charade for as long as possible, AnyCoin Capital heavily uses false testimonials and fake reviews to boost their credibility.
Once you look close enough, you will see through the lies. Here are some of the examples of client experiences:
Absolutely scam.
Everything working very well until come to withdraw.
As long as you deposit money Everything is OK when you want to pay out nobody available phones are off customer support off. […]
This site is a scam I can’t get my money back without paying more upfront .they pump up what they make you on investment because they say there commission is 10% and want they’re money upfront leaving you with nothing.
Forget any high quality trading software like MT4, MT5 or cTrader. With AnyCoin Capital you get a Web Trader instead. Oh, yeah, there is a Desktop Trader available, but it’s another Web Trader in disguise. Where you’d start a Web Trader from your browser, the Desktop Trader allows you to download an app to view your Web Trader from. How practical!
Jokes aside, this is some pretty terrible software support. Web Trader is a compromised platform that lets swindlers influence the information you’re getting on your device. You’d open a position, only for the market price to experience an unrealistic change in the direction opposite of what would be profitable for you.
TeamViewer and AnyDesk have become popular remote assistance programs during the COVID pandemic. These previously unknown software solutions have become a cornerstone of online business. AnyCoin Capital uses both of these programs to defraud people.
Widespread and ubiquitous as they are, they pose a significant risk to your safety on the internet. After you have given an initial consent, these applications allow other people to access your computer remotely. Scammers can abuse this fact, and freely manipulate your data, doing more than just financial damage.
There are a number of issues when it comes to AnyCoin Capital trading instruments. For instance, an entire category of instruments, Stocks, is advertised on the website, but not available in the trading software. Additionally, there are numerous instruments that have been placed in a category it simply isn’t a part of.
Here are the groups of instruments now:
The opaqueness of the AnyCoin Capital scam does not reveal any information on trading costs. Neither on the website, or in the trading platform can you see information on spread, fees, commission or even leverage. Many customer reviews note this as well – shady practices involving hidden fees and charges.
The account types at AnyCoin Capital are exactly what you’d expect from a swindler. These are not divided by asset groups, different market prices and trading software availability. The thing that differentiates one from another is the minimum deposit.
Let’s have a look at the accounts now:
Don’t let the “Tax-Advantaged” name confuse you – there is nothing advantageous about this account type. AnyCoin Capital is a scam, and they just use these words to appear knowledgeable.
We can’t stress enough how important a free demo account is for any prospective retailer. For novices, a demo is an important tool of learning, allowing them to learn the ropes without risking any money. Advanced traders use it to test new strategies in a safe environment.
When scam brokers like AnyCoin Capital offer a demo, it comes with a few problems. The conditions viewed from a demo do not represent realistic market fluctuations.
Clients are led to believe that securities trading is simple, and that the profits can be made with little effort. They get their reality check as soon as they invest real money, unfortunately.
AnyCoin Capital website is filled to the brim with advertisements on different payment methods. They lead you to believe everything is fine and dandy. When you access the Web Trader software, you see that they only support payments through Cardeta.
Cardeta is a known fraudulent payment service that provides money flow for illicit businesses! No wonder there were many critics mentioning withdrawal issues with AnyCoin Capital. Everything is set up so that you can’t withdraw the money once you first deposit it!
We are aware that many client testimonials talk about up-front fee payments. This is illegal and very dangerous! If your broker asks for you to pay something up front for withdrawing your money, you should seek legal advice immediately!
If somebody you know, or you personally are a victim of AnyCoin Capital Scam, you should seek professional assistance immediately. The less you wait, the greater your chances at charging back the money you invested.
Don’t despair- our team of experts have great experience with cases just like yours. You may contact our staff for free via the live chat on this website, for the quickest response. We wish to hear about your experience, so that we can help you and many others in taking back what rightfully belongs to you.
AnyCoin Capital is a fraudulent company that offers their services without any license or authorization from the financial regulators. If you have invested with this company, you should contact our staff for assistance in recovering your funds immediately!
AnyCoin Capital offers a Mobile Trading Platform, which is just a simple app through which you can access their Web Trader Software.
Currently, AnyCoin Capital does not implement a Referral Program of any kind.
AnyCoin Capital is a fraudulent company that offers their services without any license or authorization from the financial regulators. If you have invested with this company, you should contact our staff for assistance in recovering your funds immediately!
AnyCoin Capital offers a Mobile Trading Platform, which is just a simple app through which you can access their Web Trader Software.
Currently, AnyCoin Capital does not implement a Referral Program of any kind.
The post AnyCoin Capital Review Exposes a Den of Fraudulent Snakes appeared first on Global Fraud Protection.
