The website of this broker is down but that doesn’t mean Gamma Capitals won’t reemerge in the same or different form. Consider the Gamma Capitals Review a warning for future online endeavors.
Run by Tanquam Ltd from SVG, Gamma Capitals broker is essentially a shady business. Learn the truth in the following paragraphs.
Saint Vincent and the Grenadines (SVG) – remember that name because it regularly appears in connection with cyber investment scams. Offshore brokers are birds of a feather and Gamma Capitals is no different.
SVG’s regulator, the FSA, does not regulate the Forex market. Hence, the Gamma Capitals regulation cannot possibly be valid. The broker has no license to provide services in that market, but still does so abroad, thus violating the law.
For example, the financial swindler offers leverage of 1:500 whereas the legal limit in Europe, imposed by ESMA, is 1:30 for retail clients. That’s why offshore jurisdiction cannot be trusted.
Instead, look for brokers that are authorized by renowned Tier 1 onshore regulators such as the FCA, FINMA, ASIC, etc. We quickly went through the databases of those authorities and didn’t find Gamma Capitals there. If a broker is regulated in your home country, it’s way safer.
It’s an independent self-regulatory organization that exclusively deals with Forex-related issues. When an independent entity flags a broker as a fraud, that speaks volumes of how terrible the scam is.
As mentioned, the website of this con artist is unavailable. Whether it was taken down by an authority or Gamma Capitals itself, we don’t know.
Nevertheless, we discovered where this broker looked for victims. If you had interactions with this broker or possess useful information, please share it with us.
When the broker is all over the Internet, it’s probably trying to lure victims. All the online tools that can be used for promotion are at the scammer’s disposal – Facebook, Instagram, YouTube, Google ads, etc.
Furthermore, Gamma Capitals could have used direct phone calls and emails to contact traders. WhatsApp and Telegram chat groups are other possibilities.
Last but not least, there are websites dedicated to finding jobs and corporate affairs such as LinkedIn. Scammers seem legitimate there so be careful.
The Gamma Capitals trading platform is WebTrader. Yes, the oversimplified browser-based platform with limited features and ineffective tools.
Beginners may find WebTrader convenient but the platform just won’t cut it for intermediate and advanced traders. Moreover, SVG-based scammers often manipulate their web platforms, i. e. they create the illusion of trading.
You cannot download it since it’s online but you can access it via any device with an Internet connection. Desktop, mobile phone, tablet, you name it.
The platform is lackluster and has just some basic charts and graphs so your device of choice matters little. We wouldn’t recommend you trade on this WebTrader.
Here’s the problem – Gamma Capitals did not disclose its trading instruments. Since there’s no demo account, we couldn’t check for ourselves.
In fact, we know nothing about the trading aspects that Gamma Capitals has except for the leverage, which goes up to 1:500. Such high a cap is pretty risky and could easily lead to immense losses.
No info, we are afraid. If you cannot find information about trading conditions on the broker’s website, that can only imply that you’re dealing with a scammer.
Or, it could mean you have to create a live account and then find out, which is risky and you will most likely lose the funds you invested.
No. There’s no free demo account available. Gamma Capitals doesn’t want to let traders try the platform out. The shady broker forces them to invest straight away. That’s a red flag.
There’s a minor discrepancy regarding the payment methods. Although Gamma Capitals listed US Tether as the funding method, the T&C section says otherwise:
The minimum withdrawal amount for card payments is 100 $ and for BTC 0.1 (2,200 $ at the time of this writing). Fees are unknown.
To reiterate, Gamma Capitals is unreliable so if you’re having withdrawal issues, it probably means you’ve already been scammed.
Know that you’re not the only victim of Gamma Capitals scam. We stumbled upon complaints made by other unfortunate victims as well.
That’s why you must work with us to alert financial market authorities and prevent the scam from claiming more victims.
You can quickly get in contact with us and our team of experts. We’re no strangers to crypto tracing tools such as CipherTrace so getting your money back is achievable.
If this broker steals your money, we can try to help you. Contact us via Online Chat because it is the fastest and easiest way. Book a free consultation with us.
Gamma Capitals operates without a proper trading license and thus defrauds onshore clients. The broker mainly targets traders from the United Kingdom, the United States, the Netherlands, the Philippines and Spain.
Gamma Capitals isn’t legit. It’s a shady offshore broker you shouldn’t trust. We can help you get your money back if you’ve already deposited it.
No. There’s no free demo account available on Gamma Capitals’ website.
The minimum deposit for card payments is 100 $ and for Bitcoin payments 0.1 BTC.
Gamma Capitals isn’t legit. It’s a shady offshore broker you shouldn’t trust. We can help you get your money back if you’ve already deposited it.
No. There’s no free demo account available on Gamma Capitals’ website.
The minimum deposit for card payments is 100 $ and for Bitcoin payments 0.1 BTC.
The post Review of Gamma Capitals: How This Scam Broker Tricks Traders appeared first on Global Fraud Protection.
