Can I trust the ITO-Capital broker: review of trading conditions and client feedback.
Analysis of the fraudulent project ITO-Capital
ITO-Capital is another insidious project that will disappear after luring in enough funds. While there are no reviews about them yet, the scam is designed for gullible people.
Presented as an Australian resource, it is a copy of another scam called B-Know. Today we will look at how the scammers from ITO-Capital plan to deceive their clients.
Main facts about the company “ITO-Capital”
ITO-Capital represents scammers who offer a standard website with inflated statistics. Considering that they only purchased the domain 5 months ago, their claims of 4 years of experience and 400,000 open accounts are doubtful.
A comparison of the resources of ITO-Capital and B-Know shows significant similarities not only in design but also in the backstory, dates, and legal information. Too many coincidences, don’t you think?
Scammers at ITO-Capital claim to be based in Australia but state that they operate under Cypriot law, which is impossible as the Cyprus Securities and Exchange Commission does not have such powers.
The company does not have licenses from the Central Bank, ASIC, or the Financial Conduct Authority, confirming their unreliability.
The fraudulent phone number and headquarters address listed on the website indicate dishonesty.
Trading conditions at ITO-Capital
The platform offers 3 types of accounts with a minimum entry threshold of $1,000. Claims of an Australian registration do not match reality, considering that the CFD leverage with ASIC is limited to 1:30.
Reviews of ITO-Capital
Since the scam was recently launched, there are few reviews from deceived clients. Traders have not yet realized the risks.
Customer deception strategies
Scammers attract victims on social networks and dating sites using fake trading stories. Once clients show interest, they fall into the hands of scammers who block access to the account once a substantial sum has accumulated.
After that, scammers demand payment of commissions and taxes to unlock the funds, but even this does not guarantee success.
Summary of the ITO-Capital review
ITO-Capital is condemned to defeat due to mass reviews and accusations of fraud. Do not trust these scammers and stay away from them!