Is Bell Capitals safe and can you really make profits trading with this broker? Our Bell Capitals Review will focus on answering that question using mainly facts and arguments.
In order to do that, we must first analyze what Bell Capitals brings to the table in terms of a license, trading platform, account types, conditions, and payment methods. If you’re having issues withdrawing funds from Bell Capitals, give us a call.
The Bell Capitals website claims that this company based in the offshore domain of Mauritius. This automatically puts Bell Capitals’ regulation in jeopardy because offshore domains have little credibility in terms of trading regulations, laws and rules.
You will thus benefit from perks such as negative balance protection, segregated funds, leverage restriction (1:30-1:50), and even a compensation scheme (i.g. up to 20,000 EUR for European brokers).
The most obvious risk of trading with Bell Capitals is the fact that the broker has no trading license. Despite the website looking appealing, several key links are broken, which questions the legitimacy of this platform.
As for the methods of attracting and communicating with clinets, Bell Capitals uses phone calls & emails as well as Facebook and Instagram, in terms of social media. The advertisement side is strong with this broker but the practical part is messy.
Who are the main targets of the Bell Capitals brokerage? After doing some research, we managed to find out where this illicit broker was active, i.e. in which countries:
The Bell Capitals website has been active since Septebmer 12, 2022, and has recorded an average of around 2,000 visits in the last three months, according to similarweb.com data. Given the unlicensed status of Bell Capitals, this provider is not authorized to operate in any of these countries.
Bell Capitals promises clients world-class trading software – MetaTrader 5. This cutting-edge trading platform is the industry’s crème de la crème, offering a wide range of advanced tools and options such as algorithmic trading, live market reports, lightning-fast execution, 20+ timeframes, etc.
MT5 is an amazing platform but even such an advanced trading tool is not enough to compensate for the lack of a license. To make matters worse, the download link is actually a demo version of MT5. Huge red flag here!
Yes, Bell Capitals included a mobile trading app for Android and iOS systems. However, as we mentioned in the previous section, the MT5 platform link is a demo of the software. Do not download this, it’s not worthwhile. Mobile trading has some advantages such as trading on the go but only if your broker is regulated and the platform is legit.
According to the broker’s website, traders are offered the following selection of instruments:
Let’s make an overview of Bell Capitals’ four trading account types:
It is pretty discriminatory to charge Muslim clients more money to allow them to trade. Regarding the other accounts, an ECN account is not recommended if your broker is unregulated, especially if the platform is not reliable. If you fell in this trap, contact us for help.
Bell Capitals offers a demo account. A risk-free environment is especially important for novice traders. Brokers offering a demo account always deserve praise in our book but we do not approve of unlicensed providers. Thus, we suggest you find a regulated broker and open a demo account there.
Bell Capitals offers leverage up to 1:1000. This level is extreme – and not in line with trading regulations in force in Europe, Australia, and North America. For instance, domains under the jurisdiction of the European Securities and Markets Authority (ESMA) have a 1:30 leverage cap in effect.
Super-high leverage such as the one offered by Bell Capitals is risky and will eventually lead to huge losses. As for the spreads, all accounts offer floating spreads. The Standard account’s spreads start from 1.8 pips with zero commissions, which is slightly above the industry’s standard of 1.5 pips.
No, which is actually a good thing. Scam brokers usually include bonuses with strings attached. They award lucrative bonuses but always have a shady clause that prevents clients from withdrawing funds until they reach an absurd trading volume using the bonus (i.g. bonus + deposit times 30).
Bell Capitals, on the other hand, does not even have any legal documentation on their website, which is an even bigger issue here.
Bell Capitals listed several different payment methods that are available:
The minimum deposit is 50 $. However, since there is no deposit and withdrawal policy, the related fees and withdrawal request processing time were not disclosed. With such bad transparency, withdrawal issues are inevitable.
All in all, Bell Capitals looks decent on the surface but beneath the mask lies an unlicensed fraud. This entity has been active since September 2022 and targets mainly traders from the US, Switzerland, and India.
Our verdict is that you should not trade with Bell Capitals. If you are a victim of this trading scam, please book a free consultation with us so we could go through the chargeback process together. Our team is skilled at tracing crypto payments using CipherTrace. You must act quickly though!
Book your free consultation today and get your money back!
Bell Capitals is an offshore brokerage with no trading license or regulation. Do not invest money to trade with this broker.
The Bell Capitals minimum deposit is 50 $. If you want this money back, contact our team.
Yes, you can trade both cryptocurrencies and CFDs with Bell Capitals but do not do it.
Bell Capitals is an offshore brokerage with no trading license or regulation. Do not invest money to trade with this broker.
The Bell Capitals minimum deposit is 50 $. If you want this money back, contact our team.
Yes, you can trade both cryptocurrencies and CFDs with Bell Capitals but do not do it.
The post Bell Capital Review Sheds Light on Potential Risks This Broker Brings appeared first on Global Fraud Protection.
