Company review of Capitals Rich
There are many fake brokers out there trying to scam people despite their short time in operation. They hide behind positive reviews to gain trust. Among such companies is Capitals Rich, founded by experienced scammers who have accumulated significant experience in this field. We will tell you more about them in our review.
Brief company information
Capitals Rich claims to have been operating since 2019 and has made significant achievements in the financial markets. According to information from fraudsters, the company can boast the following indicators:
- 37.3 thousand users,
- trading volume of 83 million dollars,
- over 341,000 transactions per day.
However, there is no information about the founders or contact details on the website. A check through whois showed that the domain CAPITALS-RICH.COM was registered on February 2, 2023.
Identification of fake reviews
The platform is filled with several positive reviews that are clearly fake. It is particularly noticeable in reviews that mention Katharina N., claiming to be fully satisfied with the service. Additionally, there is no option to add new comments on the resource.
The absence of customer support also raises questions. This is evidenced by the use of a fake email address by the broker. Contacting them is pointless.
However, the presented phone number helped uncover other similar fraudulent schemes, such as FCE Group and FinFay, which have many negative reviews.
Legitimacy of operations
The platform of the fake broker lacks the necessary documents for legal operations. The location in Limassol (Cyprus) is only mentioned as a legal address. Verification with the local regulator confirmed the illegal nature of the activities. This company operates outside the legal framework.
Reviews from real investors
Despite its recent appearance, Capitals Rich has already received reviews from real investors. According to them, many have lost money due to dealings with an extremely dishonest organization. It is recommended to study the reviews to avoid losses and protect financial resources.
Nature of the scam
Capitals Rich sets a low entry barrier to attract novice traders. Once they are hooked, the fraudsters start applying pressure. They resort to various tricks to keep the victim captive and continue to drain funds.
When trying to withdraw funds, the investor will be informed of the need to pay high commissions and insurance fees. Scammers will name astronomical amounts that the client cannot cover. Even if the investor meets the demands of the criminals, they will not get their money back. The scammers will start accusing of suspicious activity and block the user’s account with their finances.
Conclusion
Currently, scammers are actively advertising their services, attracting new clients. Do not trust the promises of Capitals Rich; they are only ready to bankrupt you. It is better not to take risks and not register on this platform to avoid financial losses.
