We initially planned to cover the fraudulent broker called Capital Pro Trade. However, it seems that this scammer changed its name to Falcon Invest.
Based on another Capital Pro Trade Review, we found out that the address was changed as well. We’ll analyze what’s currently on the table and present evidence of fraud.
When you open the capitalprotrade.com link, it reads Falcon Invest but essentially, it’s the same scammer. At the bottom of the page, this fraudulent entity claims to be the trading name of the Belgian Crelan Bank.
We checked the FSMA website and the Belgian regulator has no information on this broker, meaning the Capital Pro Trade regulation is fake! This isn’t a legit Belgian-based broker and thus doesn’t comply with the rules of the European Securities and Markets Authority (ESMA).
Furthermore, in the Privacy Policy section, Capital Pro Trade says clients can contact the Spanish Data Protection Agency. If you ask us, the financial swindler copied the whole document from some Spanish entity.
Capital Pro Trade is an anonymous scam broker that claims to be the trading name of a Belgian bank. This fraudulent entity has been targeting traders from the UK, Germany, Poland, Canada, and France.
Hence, if this is the same entity, and we believe it is, then it was illicitly providing trading services in South Africa. This warning could be the reason behind the name change.
We did some research to find out where this fraudulent broker looked for victims. Here’s a list of countries where Capital Pro Trade was active:
The broker got caught in South Africa by the FSCA. We must urge other regulators from this list to flag Capital Pro Trade as a scam and protect their local traders.
Unfortunately, Capital Pro Trade managed to scam several traders. On Capital Pro Trade’s Trustpilot page, we found some complaints against the broker.
Traders seemed to have had withdrawal issues with this broker, which comes as no surprise. Capital Pro Trade also asked them to pay in advance to perform a withdrawal, which is illegal.
They will ask you if you want to withdraw the balance. If you say yes, they will say that you have to pay deposit of £250 to activate your account… when I asked them why they can take all this amount from the account balance, they said that is not company policy…
According to Capital Pro Trade’s website, traders can utilize an “award-winning online trading platform designed for trailblazers searching for the ultimate trading experience.”
More like the ultimate scamming experience. Capital Pro Trade offers only a rudimental web-based trading platform that can be accessed from any device with an internet connection.
The majority of web trading platforms are pretty lackluster and offer just some basic charts and graphs. They are oftentimes rigged to show fake trading parameters.
We know for sure that Capital Pro Trade doesn’t offer valid third-party trading software such as MT4, MT5 or cTrader.
Yes, you can access the WebTrader on your mobile phone. All you need is a WiFi connection and you can trade on the go.
That being said, don’t do it. Capital Pro Trade is just too risky and the chances of the broker scamming you are high.
Here’s a list of Capital Pro Trade’s available trading assets:
Capital Pro Trade simply said “low commissions” on its website, without specifying how low or the exact amount. As for the spreads, we don’t know whether they are tight or wide.
Leverage? A mystery as well. Basically, we were left in the dark in terms of trading conditions and costs, which is reason enough to forget about Capital Pro Trade.
Capital Pro Trade offers a total of seven different account types. The broker also outlined the required capital, i.e. minimum deposit for each type, and it’s quite high.
Judging by the info on the website, each type offers different trading instruments, but the whole concept is kind of vague. Nevertheless, key trading aspects such as leverage weren’t disclosed.
No. Capital Pro Trade doesn’t offer a free demo account. A huge red flag as far as we’re concerned.
Without a demo account, we weren’t able to see for ourselves what this broker offers. Yet, we can tell you straight away not to open a live account and risk losing your money.
There aren’t any Terms and Conditions on the website so we guess that the Capital Pro Trade withdrawal policy is missing too. Ironically, one complaint said that the broker disabled the trader’s account for not respecting the company’s non-existent policy.
The minimum deposit is 250 EUR and the related fees are unknown. As for the payment methods, all we know is what we see on the bottom of Capital Pro Trade’s Home page:
Having withdrawal issues with this broker? It probably means that you’ve been scammed. To make matters worse, you’re not the only victim of Capital Pro Trade scam.
No doubt you want your hard-earned money back. That’s what we’re here for – Global Fraud Protection can help you. Our experts specialize in bank chargebacks, recalls, and crypto-tracing software such as CipherTrace.
If this broker steals your money, start the chargeback process. It’s important to act fast so please book your free consultation with us using Online Chat and learn what you should do.
No. Capital Pro Trade is an anonymous scam broker with no regulation. Do not fall for this trap. If you need any help, call us.
No, meaning you have to invest real money right off the bat and risk losing it.
No because the Capital Pro Trade trading platform is browser-based.
Absolutely not. Capital Pro Trade will surely scam you and steal your money.
No. Capital Pro Trade is an anonymous scam broker with no regulation. Do not fall for this trap. If you need any help, call us.
No, meaning you have to invest real money right off the bat and risk losing it.
No because the Capital Pro Trade trading platform is browser-based.
Absolutely not. Capital Pro Trade will surely scam you and steal your money.
The post Capital Pro Trade Review – Capitalprotrade.com Is An Anonymous Scam Broker appeared first on Global Fraud Protection.
