The Citadel Capital FX Platform: Disappointment in Financial Gaming
Invisible in well-known ratings, a company with a dark reputation and extremely limited trust. Founded in the autumn of 2018, Citadel Capital FX was able to gain a bad reputation in its first year of existence.
Website Design and Functionality
They say don’t judge a book by its cover, but in this case, the website is a clear reflection of what to expect. The appearance and functionality of Citadel Capital FX is akin to the work of a student programmer: sloppy text, minimal images. Nothing modern or convenient about it. It looks like it was quickly put together on a ready-made WordPress template. The project didn’t even invest in basic security measures required for financial services.
License: Offshore Myth
On the Citadel Capital FX website, you can find a copy of the license from the Vanuatu Financial Services Commission. Vanuatu is an attractive offshore jurisdiction where licenses can be obtained more cost-effectively and quickly. This symbolic license does not guarantee the safety of clients. Furthermore, the broker is not listed in the official roster of licensed companies.
Interaction with agents is limited to an email address and all communication happens through messengers based on data from applications.
Collaboration Terms
By working with Citadel Capital FX, clients automatically agree to terms that exempt the company from liability. Information about risks or confidentiality does not reflect the risk of deception.
Impressions and Deception
The internet is full of reviews exposing Citadel Capital FX as a scam. Victims share stories of being robbed, warning newcomers to be vigilant. Other platforms actively gather evidence of the broker’s fraudulent activities.
Scammers are known for their tricks, from hacking attacks to coercing into unprofitable deals. Experienced traders recount account blockages, fake transactions, and other schemes.
Deception Strategy
FX Traders closely study the company’s operations. The experiences of other clients testify to ongoing scams.
One victim fell into the Citadel Capital FX network based on a recommendation from an online acquaintance. She was ruthlessly exploited, lured into giving funds only to disappear when convenient.
Outcome
A more critical approach is needed when choosing a broker. Reputable companies offer reliable statistics and licenses, something Citadel Capital FX has yet to demonstrate.
