There are many things that you should be aware of when considering CapTradeMarket for an investment. First of all, the company is completely anonymous. There is no parent company, no corporate HQ, no address… Not even a single hint about who or what is behind the website.
At the time of writing this CapTradeMarket Review, the website was quite young, and very unfinished. Sure, it looks shiny on the surface, but there are many problems when it comes to the terms & conditions, deposit and withdrawal methods and many others.
The website domain is not enabled to receive emails, and there is no phone number, mobile or landline on the website propper. You can only contact the company via a contact form… But the scammers can contact you from a hidden ID number any time they wish.
It’s no secret that anybody can pretend to be anything on the internet. The problems begin when you come across an anonymous company like CapTradeMarket. For this reason, we have financial regulation.
Many nations have very strict regulatory standards, especially when it comes to securities markets. For instance, regulators in Europe require at least €730 000 of starting capital. Similarly, in Australia, an initial capital of AU$1 000 000 is required.
Leverage is restricted in most countries. In the EU, UK, as well as Australia, leverage is capped at 1:30 for all securities. Regulators in some nations, like the US and Canada, allow a higher leverage of 1:50.
All the mentioned nations require financial transparency in their jurisdictions, as well as segregated bank accounts. In the EU, a further MiFID financial safety framework is implemented by ESMA.
Bonuses are regulated as well. In the EU, and the UK, as well as Australia, bonuses are banned. Canada and the US allow bonuses to be offered to their traders.
It is now clear that CapTradeMarket does not adhere to these regulatory conditions. This does not just mean they operate without authorisation, but that the trading conditions that this broker offers subtract greatly from the financial safety of their clients.
This apparent lack of a working license and an authorisation would make even an honest company look suspicious. Read the remainder of our CapTradeMarket Review to find out more about why this broker is as rotten as they get.
Illicit brokers focus on people who have large disposable incomes. These would be citizens of developed nations, or wealthy people from regions that are less well off. We have seen this strategy in action already while reviewing another scam broker, QCFinances.
CapTradeMarket victims are most common in these two nations:
We can see that there is not much variety with CapTradeMarkets client reviews. There are overly positive, and overly negative ones, and none in between. You can see how this works – the fraudsters flood the internet with positive reviews, to muffle the complaints of scam victims.
Here are some of the testimonies:
Bunch of scammers, I have learnt the hard way. Do not deal with these scum. Cost me a lot of money. They suck you in, pressure you to give them more money so you can get bigger returns. […]
Incredible pressure to increase amount of funds I put in.
Need their permission to withdraw and they only way was to convince them I needed to see that I could before I made a significant payment.
Massive amounts of phone calls after I did withdraw wanting to know when the big payment was coming. Very aggressive at times.
Calls still coming many days later. […]
CapTradeMarket heavily employs Boiler Room Agents. In simple terms, they are very charismatic people who use their talents to manipulate others. In the case of CapTradeMarket, they pretend to be professional financial analysts, “account managers” and such.
They have a single task to which they dedicate themselves fanatically- to ensure you waste as much money as possible on this scam. To forward their agenda, these Boiler Room Agents will pester you with unending streaks of phone calls, emails and chat messages. This is all done in order to pressure you into depositing more money.
Once the money is in the swindler’s hands, it’s as good as gone. Keep your funds safe and don’t make the mistake of trusting these people!
CapTradeMarkets brag about a great number of different instruments. Although they advertise more than 1 000 cryptocurrencies on their website, the Web Trader allows trading of only two. This trend continues with other instruments.
Nevertheless, we have grouped them into several categories for easy reference:
A potential trader with CapTradeMarkets can create a starter account, which the “account manager” will later upgrade to one of the higher-tier accounts. This scheme is quite prevalent with other scam sites like RCE Banque.
These are the account types offered with CapTradeMarkets:
CapTradeMarkets omits the demo account. Novices and experts rely on the demo account in order to familiarize themselves with the trading environment as well as different trading strategies. The lack of a demo makes you essentially blind to the market conditions before you invest real money.
Regulated brokers will always offer a demo for their traders. This allowance ensures the successful business of their clients, and assures profitability of the broker as well.
CapTradeMarket only accepts deposits in Bank Cards and Cryptocurrency Payments. There are no direct payments and payouts. Fraudsters will refer you to an “account manager” for any and all transactions.
We have already seen a lot of criticism when it comes to payouts from this company. Their terms and conditions cite withdrawal fees, but do not elaborate on how costly they are. If you have already invested with this firm, you should seek professional legal advice immediately!
Don’t be ashamed if you have become a victim of the CapTradeMarket Scam. You are not the only one. Our team of legal experts would like to hear about your case. The more information we gather on these miscreants the faster we can bring them to justice.
Don’t delay! The longer you let the time pass, the slimmer your chances at recovering your assets become. You may contact our staff via the online chat function for the quickest response. This first consultation is free, and you can trust we will do our utmost to help you charge back your lost money!
CapTradeMarket is an anonymous fraudulent company. They have no authorisation, but they have a reputation of defrauding their clients.
You may trade both Crypto and CFDs with CapTradeMarket, but we do not recommend this broker for your investment.
CapTradeMarket has not made a Demo Account available for their clients.
CapTradeMarket does not have a referral program available on their website.
CapTradeMarket is an anonymous fraudulent company. They have no authorisation, but they have a reputation of defrauding their clients.
You may trade both Crypto and CFDs with CapTradeMarket, but we do not recommend this broker for your investment.
CapTradeMarket has not made a Demo Account available for their clients.
CapTradeMarket does not have a referral program available on their website.
The post CapTradeMarket Review – Don’t Throw Your Money Into This Fire Pit appeared first on Global Fraud Protection.
