Exposing MalleyCapital Scammer: Broker Fraud Scheme Review
A New Perspective on MalleyCapital
Over the years of fruitful work, we have encountered many scammers. The “not recommended” list now includes MalleyCapital. In this article, we will explore the scam project website malleycapital.com, look at its legal side, and give advice on how to avoid falling into the trap of this company. Carefully study our conclusions to avoid becoming a victim of fraudsters!
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Learn more about “scamming”
MalleyCapital is a CFD broker with an “international license,” claim the project’s creators. The intermediary’s portal talks about providing top-notch financial services to clients worldwide. It is noted a wide range of trading instruments for successful work in financial markets. The team, they say, consists of experienced and qualified specialists who work diligently to improve the service.
Let’s start with the basics and find out what this project is all about. The official malleycapital.com website does not provide information on who owns their trademark and where the managing company is registered. There is no such information in the portal’s terms of use. After a thorough search on the Internet, this data was not found. Therefore, the company called MalleyCapital does not actually exist. Here, we are dealing with a typical pseudo-broker created for deception and extortion of money.
About the License
Charlatans claim that MalleyCapital is a regulated broker with a license from VFSC (Vanuatu Financial Services Commission). Vanuatu is an offshore state where there is essentially no regulation, and a license can be obtained for a certain amount. Therefore, these islands have become a haven for unscrupulous companies. But that’s not the most surprising part. Pay attention to the “license” posted on the scammers’ website:
The colors on the document are blurry, the font seems stretched and not always clear, except for the company details. It gives the impression that the legal information section was added against the backdrop of someone else’s license in Photoshop. We decided to test our hypothesis and checked the official VFSC website. In the registries, we tried to find MalleyCapital by name and registration number. The clear result: the CFD broker is not listed among the organizations under the Commission’s control.
Actual Company Age
We continue to uncover information to detect fraudsters. It turns out that the site malleycapital.com was even created in 2004. Does this scam project really exist for 16 years? Of course not. The image below shows that the resource was registered and created through the godaddy.com service. This website builder allows you to create a site for a small fee. Therefore, the MalleyCapital site lacks a reliable technical foundation. How can one trade through such a resource? It’s a mystery. In reality, MalleyCapital is not engaged in trading but in fraud.
Regarding the site’s creation date, everything is clear. The godaddy.com service offers an additional service – purchasing resources with a “history” to increase client trust.
By the way, over the 16 years of the CFD broker’s existence, the site has changed its name 6 times. Therefore, in the previous image, the phrase “Updated 2019-06-16” reveals the true age of the MalleyCapital scam project – six months, or even less.
And that’s not all. The highest degree of cynicism follows next. MalleyCapital and MalleyGroupCapital – don’t these names sound similar? Indeed, they are identical. However, MalleyCapital is a scam, which we are analyzing today, while MalleyGroupCapital is a well-known New York company founded in 1995. Employees of the latter are interviewed by Bloomberg and Times. This is further confirmation of the malicious actions of MalleyCapital. The broker used someone else’s name to deceive trusting clients more easily.
Trading Conditions Analysis
The scammers at MalleyCapital offer the use of CFDs for the following markets:
- currencies (43),
- metals (1),
- commodities (3),
- cryptocurrencies (7).
Clients have access to over 200 trading instruments, 70 indicators, and 130 types of charting tools. They offer the possibility to open an unlimited number of accounts on one account. All to attract money…
For trading on the forex market, 43 currency pairs with a shift of 1:500 are offered. Such a huge leverage is not chosen randomly. This can explain why clients’ deposits disappear so quickly. It is crucial to note that there is no information on current exchange rates on malleycapital.com. Registration and account funding are required to access them.
Information about trading accounts and minimum payments is also hidden. This is a way to negotiate with each client individually and adapt to their financial capabilities. For example, one trader may be offered $500, and they might agree to pay, while another may disagree with such a price. Then, they may be offered something more “profitable.” Therefore, minimum payment amounts remain hidden.
Information about the trading platform is also missing. There are only claims about the “best platform,” “convenient indicators,” “unlimited number of accounts,” “comfortable environment.” Just words…
Risk Warning
On the malleycapital.com portal at the bottom of the page, there is a risk warning: “Trading CFDs carries high risks, and you can lose all the money you invest”. “Before you start trading, make sure you are ready to lose all the money you invest”.
We certainly welcome the presence of such a warning. But it is also important to mention the percentage of clients closing deals with losses. Information about such traders losing their investments is present in the risk disclosures of all honest European and Russian brokers. We assume that MalleyCapital is hiding data on traders losing their investments as they constitute about 95%.
And one more detail. Look at the image below. It states that the fraudsters “care” about their clients. They have developed special investment strategies to reduce risks and ensure profitability.
However, in the terms of use of malleycapital.com, it is stated that the portal cannot provide investment advice. In other words, the promised “strategies” contradict the broker’s rules. This is another justification in case a trader reports the fraud to law enforcement agencies. The fraudsters at MalleyCapital may claim they do not provide strategies because it contradicts their rules.
Useful Materials for You:
- Imc Fx Review: Trading Conditions and Traders’ Reviews,
- FinmaxCFD – Analysis of a Fraudulent Broker and Client Reviews.
Scam Scheme
The pseudo-broker operates on a proven fraudulent scheme. They acquired a site with a “history,” stole someone else’s name, and forged a license in Photoshop. We also found that scammers paid for advertising with dishonest bloggers and acquired the customer base of other fake companies to start a new cycle of deception.
Those who fell for the ads visit malleycapital.com and register. They must leave their phone number there. Then managers start calling the victim up to 10 times a day and convince them to deposit funds. Once the client deposits money, their deposit disappears instantly, with reasons always found: a 1:500 credit leverage.
Afterwards, fraudsters apologize to the client and offer to “play back” the amount, but to do so, the client must deposit funds again. If the client agrees, the process repeats. If they refuse, their account is blocked, and their phone number is added to a database that is sold to other scam projects.
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Conclusions
CFD broker MalleyCapital is a standard scammer we have seen many times before. This underground project has just begun its activities, so there are no reviews and feedback about it. However, we have presented enough facts revealing the true intentions of the fraudsters. Our advice is simple – add the website malleycapital.com to your blacklist!
Author: Yegor Tishchenko