Concept of Privacy in Business Relations
An important sign of a suspicious and dishonest company is its secrecy. If a company hides information about itself, provides false information about its market experience, and does not provide necessary legal documentation, then it is likely dealing with fraudsters. This time we will focus on the activities of Flex Capital. There are no reviews about this broker, who claims that its goal is to make trading accessible to everyone and states that it has been operating for 10 years. However, such reviews are not found either on the internet or on foreign resources. Let’s find out what this company is really capable of.
Information about Flex Capital
Flex Capital is a website with minimal information (except for the promise to make trading accessible and the claimed 10 years of work experience). However, after a whois check, we found out that the domain was registered only in 2021. This suggests that the company is a newcomer, explaining the lack of reviews about it. Furthermore, information about the location of Flex Capital’s office was not found. The terms of the client agreement are available only in English, making translation difficult. However, upon further examination, we discovered that the company claims to follow Estonian legislation.
The absence of a license for Flex Capital’s activities indicates its operation outside the legal field and lack of financial responsibility. It is also worth noting that the company has a Russian-language website, indicating its work with Russian traders, disregarding local legislation. Without a license from the Central Bank of Russia and registration in the country, Flex Capital is not a legal broker, as confirmed by its absence in the list of authorized trading entities.
Trading Opportunities at Flex Capital
The company claims to provide access to a wide range of trading instruments, including:
- major Forex currencies;
- indices;
- stocks;
- commodities;
- cryptocurrencies.
For trading platforms, Flex Capital offers MT5 or Web Trader, promising the best prices. However, without the necessary legal grounds, it can be argued that the company does not actually transact in the market but merely simulates trading. There are also no reviews confirming the company’s reliability.
Among the trading accounts offered by Flex Capital are:
- an account with 250 euros with fixed spreads, modern financial instruments, and round-the-clock support;
- an account with 2,500 euros with additional specialized support services and direct access to experts;
- an account with 25,000 euros with individual trading, special events.
The scammers at Flex Capital employ tactics such as hefty bonuses for registration and attracting new clients (30 and 20% of the deposit amount, respectively).
Opinions and Reflections on Flex Capital
Due to the newness of Flex Capital, there are currently no reviews about it. This works in favor of scammers who use their impeccable reputation to attract new clients. If you have experience dealing with this company, please share your information. It is important to warn others about potential risks.
Analysis of the Flex Capital Fraud Scheme
Despite the lack of reviews, the modus operandi of Flex Capital is quite simple. It targets inexperienced traders who are not familiar with choosing a broker and trading in financial markets. The absence of legal documents, specific information about trading opportunities does not instill fear in them. Novices value conditions, bonuses, and promises of expert support.
All promises by Flex Capital turn out to be hollow sounds, and victims of this “broker” realize this only after losing their deposit or being unable to withdraw profits. The company operates under a “Client Agreement” clearly stating that it is not liable for trading results and losses incurred by clients. Additionally, scammers maintain their anonymity.
Expert Review of Results
If you have invested money in the Flex Capital platform, forget about getting it back. These financial scammers will not give you anything in return. The company lacks both legal grounds for providing brokerage services and physical offices in the real world. Flex Capital exists only online, and once there are enough negative reviews, scammers will disappear and reemerge under a new name.
