Cupiro is a relatively new broker on the financial market that promises transparency, security, professionalism, and more. However, it turns out that traders got nothing mentioned. Read our Cupiro review and you will understand why trading with this firm is not recommended. We would dare to say not safe and not trustworthy.
|Broker Status:||Offshore Scam Broker|
|Broker Regulation:||Unlicensed Forex Provider / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||Rebelism Limited|
|Headquarters Country:||British Virgin Islands|
|Mobile Trading:||Not Available|
|CFD Trading:||Yes, you can trade CFDs|
|Trading Instruments:||Forex, commodities, indices, shares, cryptocurrencies|
|Islamic Account:||Not Available|
|Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Team:||Don’t Invest in This Scam Broker!|
Is Cupiro Crypto and Forex Trading Scam?
Cupiro Forex brand belongs to Rebelism Limited, registered in the British Virgin Islands. Whenever we investigated an offshore broker, it turned out that customers had issues. That’s why the headquarters immediately raised a red flag. On top, the firm is not licensed by the BVIFSC. FSC is one of the Tier3 regulators, belonging to the zone of the loosest license providers with the lowest requirements. If a broker couldn’t fulfill even these, we were absolutely certain it wouldn’t opt for any reputable license.
Upon checking Cupiro regulation, our suspicions have been confirmed. The broker is not with any Tier1 license provider, including the FCA, ASIC, BaFin, and CONSOB.
Cupiro is not a legitimate broker. The firm is based offshore and has no financial license. Their reviews have been removed by Trustpilot due to fraud. The consumer index is 1, indicating that you should not trust them.
Where Is Cupiro Trading Scam Active?
Active since November 2021, the Cupiro trading scam mainly operates in:
How Does This Scam Broker Contact Victims?
Every scam broker has its own way of contacting and persuading victims to invest. Cupiro broker advertises on Google, Facebook, and Instagram and collects clients’ information. Once you sign up, you can expect many unsolicited phone calls and emails with different trading offers and promotions. Even if you registered through an online campaign, such as Bitcoin Revolution or Tesler, you might still end up with the broker Cupiro. These campaigns are usually selling data to fraudulent brokers.
You can still be defrauded if you have never registered for online trading. Sometimes, broker employees create fake accounts on Facebook, Instagram, and even dating apps such as Tinder and Bumble. Then, they maintain contact with victims for months, trying to convince them to invest together. Be careful and never invest your funds with someone you know only virtually.
Cupiro WebTrader Platform
The only Cupiro trading platform available to access is WebTrader. The company allegedly has a proprietary desktop app, but once we tried to download it, we were informed that the source was not reliable and might damage our device. Thus, we gave up on the idea.
When it comes to a web-based trader, it’s nothing more than a TradingView chart. You have several indicators, including the option to open and close trades and check trading history. However, nothing is to be vowed.
What About Mobile Trading Apps?
There’s no mobile app and no link to download it. Therefore, the only way for Cupiro login from a mobile device is through a web browser.
What Can I Trade With the Cupiro Broker?
You can trade in 5 major markets, including:
- Commodities – oil, gas, gold
- Indices – Dow Jones, S&P500
- Shares – Amazon, Tesla, Google
- Cryptocurrencies – BTC, ETH, XRP
- Currency pairs – EUR/USD, GBP/USD
Cupiro Fees and Spreads
The spread for the minimum deposit is fixed and starts at 3 pips for EUR/USD pair. Knowing that the industry average is 1-1.5 pips, you can already see how pricey Cupiro is for investing. There’s nothing about other fees.
Trading Accounts Review – What’s the Difference?
You can choose between four Cupiro account types, including:
- Test – $5,000
- Standard – $25,000
- Pro – $100,000
- VIP – $250,000+
According to the FAQ section, Cupiro’s minimum deposit is $250, but you get no perks. You’re entitled to higher leverage and a floating spread with higher accounts.
Can I Trade With a Cupiro Demo Account?
There’s no Cupiro Demo account. You will have to invest your funds and test the platform at your own risk. Investing with unregulated offshore brokers is just not worth it. You have no money-back guarantee and no proof of where your funds are invested. Find a reliable trading firm and invest without headaches.
How Do I Withdraw Money From Cupiro?
Cupiro’s withdrawal is limited to the same payment method you have used to deposit. The firm accepts the following:
- Debit/credit card
- Wire transfer
According to the Withdrawal Policy, the company “aims to complete all withdrawal requests within ten days.” Since they aim but do not guarantee, you have no actual information on how long you will have to wait for your funds.
According to Cupiro reviews, the broker asks clients to pay upfront fees and commissions before approving the withdrawal request. Such demands are illegal. If you’re approached to pay anything from your bank account or a credit card before getting your funds, know it’s just the last attempt to scam your money before the broker vanishes.
What Can Cupiro Fraud Victims Do? – Start the Money-Back Process
If you find yourself a victim of the Cupiro scam, let us know. Our chargeback specialists will happily hear from you and evaluate your case during a free consultation. If you have been a victim, it’s not the end. Don’t feel ashamed. Report it right away to get the proper assistance.
Time matters, so let’s act now.
All In All, Don’t Let the Scammers Get Away for Free!
What Is Cupiro, and Should I Invest Money In It?
Cupiro is an online trading Forex and CFD provider based offshore. Since the firm is unregulated, you may have issues with withdrawals. If so, contact us for assistance with the refund.
Does Cupiro Offer a Demo Account?
Cupiro doesn’t offer a Demo account, only Live types.
What Is the Cupiro Minimum Deposit?
Cupiro requires a minimum deposit of $250 to start trading.
Can I Trade Cryptos and CFDs With Cupiro Broker?
You can trade all assets, but we advise you to avoid this scheme firm.
We hope you enjoyed our review of the Cupiro! Our blog is designed to be a resource for all of our readers who are looking for reviews on hot new products. Keep reading on this blog for more hot reviews of our favorite products. If you would like to learn more, please contact us at Fakebrokerwatchdog