CnvCapital scam scheme: review and traders’ feedback
Review of the questionable broker CnvCapital: what the creators are hiding
The questionable broker CnvCapital raises serious doubts among traders. At first glance, it looks like a typical scam. The number of open accounts mentioned on their website seems inflated. However, according to an independent review, the traffic is far from what is claimed, and the domain was registered recently.
The dark side of CnvCapital’s activities
The creators of the scam project CnvCapital have almost no history. Moreover, it turned out that they are behind several other fake brokers, such as AvexCapital and FxAmo. They actively change names, trying to avoid negative reviews. However, their goal always remains the same – to deceive traders and deprive them of their funds.
Suspicious information
Representatives of CnvCapital claim that the company is based in Cyprus, but provide a British phone number for contact. This fact raises confusion, as it seems strange that a Cypriot company would use a British number. Most likely, both the address and contact details could be fictitious.
Fake licenses and lack of documents
CnvCapital claims to have licenses from CySEC, IFSC, and FSC. However, upon verification, it was found that none of these regulators regulate the activities of CnvCapital. Furthermore, their website lacks legal documents such as “Refund Policy” and “User Agreement.” This raises serious doubts about their legality.
Trading conditions and fund withdrawal
The CnvCapital website does not provide sufficient information about trading conditions and account types. The trader’s funds can simply be credited to the broker’s account without proper information, and access to trading assets may be limited. As users claim, fund withdrawal is only possible through the Qiwi electronic payment system.
Reviews from real traders
Reviews from deceived traders about CnvCapital speak for themselves. Many users regret the lost funds and negative experience with the broker. Some even warn others against collaborating with this company, pointing out their fraudulent actions.
Fraud scheme and conclusions
During the review, we found that CnvCapital uses an aggressive marketing strategy and fake reviews to attract clients. They offer services of personal analysts who actually aim to deceive clients and make them invest large sums. The CnvCapital platform always works in favor of the broker, and the losses for traders can be significant.
If you are considering working with CnvCapital, be extremely cautious. Avoid collaborating with dishonest brokers to avoid losing your funds.