**Cons Capital: comprehensive broker review for 2022**
When selecting a financial intermediary, it is often important to pay attention to the presence of official documents and real investor reviews. However, it is necessary to be aware that some scammers manage to deceive by stealing others’ data and creating custom reviews to mask their true intentions. One such dishonest company is Cons Capital. In this article, you will learn details about this broker’s activities, whether it is worth trusting, and what traps it sets for beginners.
Myths vs Facts about Cons Capital
Cons Capital claims to have been providing its services for 3 years and offers the following statistical data:
- 15786+ clients,
- 67897 dollars – average deposit,
- 3000+ assets for trading,
- 462 analysts in the team.
However, the platform lacks elements such as the company’s roadmap or a list of prestigious awards, which would allow evaluating the broker’s real achievements. The names of the project’s founders also remain unknown.
Upon checking the domain history, it was found that Cons Capital falsely claims the duration of its market presence. In fact, the project was only launched in February 2022.
Contact information is provided inaccurately. The specified phone numbers and email addresses turned out to be fake, which can create difficulties in case of financial problems.
According to the statements, Cons Capital has both a head office in London and a branch in Moscow. However, verifying this information through the 2GIS service showed that the specified offices do not exist at the given coordinates.
Legal Aspects
Cons Capital claims to be a regulated broker that has obtained permissions from reputable regulatory bodies: FCA in the UK and CySEC in Cyprus. The company also lists license numbers, but the verification conducted showed that these permissions belong to other organizations.
Furthermore, the company Cons Capital is not present in the registers of the mentioned regulators.
The firm deceives clients by claiming to operate within the law. This is confirmed by the Roskomnadzor blocking the Cons Capital website. The Central Bank of Russia also found signs of fraud and included the company in its blacklist.
Obviously, positive reviews and testimonials written on demand are unable to restore the reputation of this dubious intermediary.
What Cons Capital Offers?
Cons Capital promotes its innovative trading platform, where traders can execute trades in one click. Among the platform’s advantages are regular updates, an intuitive interface, instant price notifications, analytics, and technical indicators.
Potential clients are promised the following:
- zero commissions,
- no hidden fees,
- fast order execution,
- leverage up to 200:1 (contrary to FCA rules prohibiting leverage exceeding 30:1),
- best spreads.
The Cons Capital website does not provide specific information about trading conditions. However, in custom reviews and testimonials, it is claimed that the initial deposit on the platform is from $100, and spreads start from 0.5 points.
Additionally, the Cons Capital website contains information about investment plans with the following characteristics:
- investment period from 1 to 90 days,
- 1% daily profitability,
- additional bonus from 1.5 to 5% upon deposit term completion,
- minimum deposit $25.
Real Client Reviews
There are reviews about Cons Capital on the internet, but all of them are fake. By their template nature and publication location, it becomes obvious that they are posted on abandoned resources and are not independent.
One cannot trust such reviews. For example, in one of them, a fake trader claims to have been trading with the broker for a whole year, although in reality, the intermediary has only been operating for a few months.
If you have encountered this company and wish to share your experience, leave a review below the article.
Fraud Scheme
Cons Capital has a manipulated trading platform that they use to withdraw clients’ deposits. Scammers can easily distort quotes and convince traders of the need for additional investments. Once you realize that Cons Capital is deceiving, you risk losing large sums of money. Moreover, the fictitious broker exempts itself from liability, as clearly stated in the company’s internal documents. In such a situation, your only option will be to leave negative reviews and try to recover the initial deposit through chargeback services. There are no other solutions.
Conclusion
Cons Capital is a company that uses custom reviews and fake legal documents to attract new clients. If your financial resources are important to you, trusting this company is not recommended. Scammers will deceive anyone who believes in their empty promises and shows insufficient vigilance. Be cautious, do not become a victim of fraudsters.
