Anonymous through and through, this brokerage scam is secretive about every single aspect of their business. Not only do they not reveal any of the company info, but their trading conditions are a mystery too.
Would you accept a deal from a random stranger on the street? Because that’s exactly what you’d be doing by agreeing to give your money to this site. This All Capital Trade review we have for you is a result of a thorough investigation of this anonymous brokerage.
When we stumble upon an incognito broker like this one, it’s very difficult to conduct an investigation. Usually, a starting point would be the website claims and legal docs. In this case, we weren’t able to begin how we typically do. So alternative measures were necessary. The same anonymity displays another scam broker – FXY Trade.
There’s no way to contact this firm. No phone number exists on the site and no physical address is given. So this business may be located just about anywhere, including offshore zones. We started by checking the registers of major regulatory bodies. FCA, BaFin, CySEC, ASIC, NFA and IIROC have no data on All Capital Trade. Their name is so generic for a reason. This anonymous service provider meant to keep their anonymity.
Judging from the buggy and very poorly designed web page, this broker hardly had enough funds to put into their business to obtain a Tier 1 license. The needed amount for that in the EU is 730 000 EUR, in the UK it’s 730 000 GBP and in the US it’s an astounding 1 000 000 USD.
Segregated bank accounts would be a way to keep the client deposits safely and All Capital Trade doesn’t provide them. The broker neither imposes a leverage cap of 1:30 or 1:50, but a scary 1:1000. The absence of negative balance protection and compensation funds hint at a huge possibility of losing funds quickly.
ESMA is an independent EEA regulator that has designed MiFID to increase the customer safety and improve transparency and transactions reporting. All Capital Trade cares for no such laws, obviously, as they are secretive about their transactions.
The final conclusion we’ve come to is that All Capital Trade holds no brokerage license and is not authorized to provide their services anywhere.
It seems that All Capital Trade tries to pick their victims from particular countries. There’s a list of states that this brokerage targets, as the complaints suggest. However, we’ve already checked with the regulators. None of those in charge of supervising these areas have data on All Capital Trade:
There are opposing opinions as far as the user experience goes. For example, on TrustPilot, their average grade is 3.7 and some of the experiences are:
‘’This company harasses you if you do not continue!!Do not bother!’’
‘’I have faced many challenges’’
‘’I am not one to usually write reviews, but this site has been my go-to for some time.’’
Please don’t believe every single review you read online. Many of them may be fake and left by the scam agents to influence traders’ opinions.
A red flag you can often see on these sites is the absence of advanced terminals like MT5, MT4 and cTrader. On the other hand, there’s an abundance of simple and basic distributions. Just like the one All Capital Trade offers. Clients aren’t able to perform complex technical analysis or use Expert Advisors, multiple Timeframes, Copy or Social trading. OceanFX offers the exact webtrader, as believe us, it’s the same useless deal.
All Capital Trade has one such web trader. A possibility to download it for your desktop also exists, but we don’t recommend it, as these anonymous software could be malicious.
All Capital Trade lurks around for your contact info. So be cautious where you leave your email, phone and address online. You never know who’s watching. YouTube, date apps, Instagram and similar are some places they use as hunting grounds.
The unscrupulous campaigns you can be contacted by make an effort to sound very lucrative with minimum engagement. These are fake, and will eat up your funds as soon as you sign up for it.
Withdrawals with these brokers are practically impossible. Obstructed any way imaginable, you will be asked to provide documents, meet the conditions and pay unnecessarily high fees.
The webtrader we were able to access provides info on the several available asset groups:
Suspiciously low fees are customarily fabricated. All Capital Trade uses them to attract customers and push them into investing. Since they do not abide by any regulatory standards, they do not practice transparency in pricing. Those same fees in the end turn into astronomical demands.
In contrast to that are reputable brokers that openly display prices and fees, as the law dictates.
All Capital Trade allows opening one of the six package types:
Besides the bigger bonuses, more expensive accounts supposedly offer trading signals, news, education, tighter spreads and higher leverage.
Real trading accounts and six different kinds of them at that, are only available with this broker. It’s not surprising that the virtual account doesn’t exist. After all, All Capital Trade has a lot to hide.
What a Demo package commonly provides is test-trading during a limited time. But since the environment is fully artificial, even a Demo account would be fake.
All Capital Trade withdrawals aren’t covered with any legal Policy or document of any kind. And the site is being very scarce about the whole process. All you should do to complete it is submit the request and your funds will be transferred to your bank account in 5 days at most. Or so the broker claims. User complaints make us believe differently.
Since they do not explain the pricing, All Capital Trade has the freedom to charge you how much they want. Swindlers usually do so to generously fill their pockets. It is also very often that the firm stalls your payouts or makes up new conditions constantly. These excuses serve to deny you the right to cash out your profit.
There’s heaps of reasons why you shouldn’t invest here. At the same time, we couldn’t find a single reason, whatsoever, to become an All Capital Trade client.
Some particularly dangerous disadvantages of trading with this broker are:
By all means, please contact us as soon as you find out you were robbed. The sooner we all react, the higher your chance of gaining back your capital. Since we can provide you with free advice, don’t hesitate to use our Online Chat and get in touch. You will be provided with useful data on how to deal with this type of scam trading companies.
Although being robbed of your hard-earned money is a shock and a devastating hit, you can fight it with our help. In return the precious knowledge and experience you have on these swindlers can help us. So spread the word and pass on the info so we can battle these con artists more successfully.
This is not a reliable brokerage you could earn from. Investing in an unlicensed business cannot pay off, so choose a regulated broker instead.
Live trading accounts are the only option with this broker. Real cash is required to register one. Demo accounts with virtual funds aren’t available for opening.
All Capital Trade doesn’t have a proprietary mobile app. You can only use the web trader or the desktop one.
The trading platform at All Capital Trade is shallow, buggy and it lacks all the necessary features for successful trading. So no, this platform is neither good nor recommended.
This is not a reliable brokerage you could earn from. Investing in an unlicensed business cannot pay off, so choose a regulated broker instead.
Live trading accounts are the only option with this broker. Real cash is required to register one. Demo accounts with virtual funds aren’t available for opening.
All Capital Trade doesn’t have a proprietary mobile app. You can only use the web trader or the desktop one.
The trading platform at All Capital Trade is shallow, buggy and it lacks all the necessary features for successful trading. So no, this platform is neither good nor recommended.
The post Reasons why Allcapitaltrade.Com is a scam appeared first on Global Fraud Protection.
