Rarely do we stumble upon a scheme similar to Sophie Capital broker. Numerous domains, unsolicited offers, and poorly designed websites are some characteristics describing the trading firm.
Our detailed Sophie Capital review will guide you through the scam and how to avoid it. Read carefully.
Speaking of safety, the first thing we explored was Sophie Capital’s regulation information. The broker must have a license from the country of your citizenship. Such a license will increase the safety of your investment.
Since the firm is allegedly based in the US, according to one site version, and in Australia, according to another, we checked the registers of CFTC, NFA, and ASIC. The scam provided us with the false NFA ID 0550618 belonging to Sophie Capital Financial Trading (Pty) Ltd.
As you can guess, such an ID doesn’t exist, and our search yielded no results. Additionally, the ASIC register showed nothing, indicating that we’re talking about anonymous fraud.
If you have any details about this or other scam Forex and CFD trading organizations, don’t hesitate to share them. Your report can help us pressure the authorities to issue a ban.
Sophie Capital falsely claims to be registered in the US. The brokerage is unregulated and has earned negative reviews related to withdrawal issues and fraudulent behavior.
It seems that the address in Colorado provided on one of the websites was there with the sole purpose of defrauding US customers. This is the biggest target of the Sophie Capital trading scam.
The brokerage has registered its websites throughout 2022, starting in March. As of now, there are no official warnings, but we believe that with your help, we can urge the regulators to react.
If you check Sophie Capital reviews, you will find a number of complaints about broker employees. According to the comments, they are nice and polite as long as you’re willing to invest the money.
Once you decide that you’ve had enough, they will start harassing you, asking you to pay non-existent fees before your withdrawal request is approved, and even block your trading account.
They will send you various offers, fake financial plans, and alleged success stories. They will pressure you for regular weekly deposits if you buy it all, and there will always be a new trading opportunity.
When you submit a withdrawal request, they will go radio silent and block all your communication channels.
We reviewed the Sophie Capital trading platform and found access to MT5. It’s the best software on the market, an advanced version of MT4 with a more significant number of TAs. However, our happiness was short-breathed.
The platform has no company logo, meaning it’s a free trial version downloaded from the MetaQuotes website. While it’s still a great opportunity to practice your trades, you don’t need to risk exposing your personal information to a scammer. You can download it yourself.
Sophie Capital login from mobile devices is enabled, leading to the same unbranded MT5. Thus, it’s another free trial version.
Without an actual logo and a brand name, you can never be sure where you are exposing your information and money. And, of course, you cannot be sure that your funds are actually invested.
On its main page, Sophie Capital Forex broker lists the following categories:
Note that once we accessed the platform, there were no shares included.
The free trial MT5 software showed us 0.0 pips spread. Note that since this is a demo version, it doesn’t necessarily reflect the broker’s actual trading conditions.
As per leverage and other details, we have no information.
The entire platform is one big Sophie Capital Demo account. You can place trades, practice, and all that on the free MT5. Yet, it’s not a broker’s proprietary account and doesn’t reflect real trading terms.
Thus, if you want to see the actual offer, you will have to risk it with an unspecified Sophie Capital minimum deposit, which we don’t recommend.
The AML laws are quite strict, and any monetary transfer has to be carefully supervised. Clients must submit supporting documents when depositing funds, especially in the US. Yet, it seems that the broker Sophie Capital takes your funds happily without any identity confirmation.
However, once you submit a withdrawal request, your issues will start. Broker employees will ask you to verify your account immediately, citing various AML policies. And guess what? Your photo and signature will never be good enough.
They will prolong the process as much as possible and eventually disappear.
Suppose you lost funds due to the Sophie Capital scam. It’s not all over. You can contact Global Fraud Protection experts and discover the best way to fund recovery.
We’ve been in the business of assisting financial fraud victims for years and will be glad to help you too!
Sophie Capital is not a legitimate financial services provider. If you have been scammed by this notorious swindler, contact us for help with recovery.
Sophie Capital offers a demo version of an MT5 platform, while branded software is not available.
Yes, Sophie’s Capital Demo account is enabled through their demo MT5.
Sophie Capital is not a legitimate financial services provider. If you have been scammed by this notorious swindler, contact us for help with recovery.
Sophie Capital offers a demo version of an MT5 platform, while branded software is not available.
Yes, Sophie’s Capital Demo account is enabled through their demo MT5.
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