FX Capital: customer reviews about the company’s performance
How to avoid falling for FX Capital’s traps?
Separating an honest company from a scam acting as a broker can be quite tricky, especially when a person lacks experience and knowledge in trading. Fraudsters can easily deceive inexperienced investors by masking themselves perfectly. Take FX Capital, for example. It emphasizes its exclusive advantages, claiming that only with its help a trader will succeed in financial markets.
Amidst the abundance of negative reviews, there are justified doubts about the integrity and reliability of this intermediary. In our independent review, we will highlight key facts about the company and the verification results of its legal documentation and trading conditions.
FX Capital Analysis – What is known?
FX Capital is presented in English and Russian on its website, but surprisingly, internal documents remain untranslated. This raises doubts because honest brokers should not allow such oversights.
The content on the intermediary’s website carries little information and often avoids specificity. For example, even the project launch date is not indicated on the platform. Whois data indicates the launch of fx-capital.club in November of last year. Claims about awards and the company’s extensive scale (over 43 countries) are fabricated.
Although the website promises 24/5 customer service, only a feedback form is available in the contacts section. According to user reviews, scammers use this to gather clients’ personal information, exchanging it for generous rewards.
Legal Nuances
FX Capital conceals legal documentation from potential clients confirming the legality of its operations. The only information available is the office address in the Marshall Islands (Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960).
The registry of legal entities is not publicly accessible, making it impossible to verify the company’s registration. The absence of a broker license confirms the broker’s lack of intention to fulfill its obligations to clients. This is further corroborated by real investor feedback.
The registration certificate costs less than $900 and does not require special qualifications; having a statutory capital of $1 is sufficient. The company operates illegally in Russia, as well as in other CIS countries (Kazakhstan and others). Local regulators are not authorized to issue licenses to FX Capital, and the Central Bank of Russia has already warned about fraudulent activities by this entity and added it to the blacklist.
Numerous reviews attest to the deceptive practices of FX Capital, which many investors have ignored, falling victim to scammers. Moreover, the fraudulent platform has not yet been blocked by Roskomnadzor.
Offers to Victims
FX Capital does not provide detailed information on contracts, hindering potential clients from assessing all the pros and cons of working with this intermediary. Here are some details that have been uncovered:
- Trading options in currency pairs, commodities, stocks, CFDs,
- Minimum spread – 0.1 pips,
- Flexible margin requirements with leverage up to 1:500 (another sign of fraud),
- Availability of a demo account,
- Minimum deposit – $100,
- Protection against negative balance,
- Round-the-clock technical support on weekdays,
- Funds on segregated accounts.
According to feedback, FX Capital does not fulfill its obligations to traders. The platform is solely designed to attract funds, and withdrawal issues arise.
The company promotes its services through an affiliate program, but the details of this process are not disclosed. If necessary, clients should contact FX Capital managers for more detailed information.
Investors’ Opinions
There are plenty of reviews about FX Capital. A seasoned scam artist systematically misleads the public, so reactions to its activities are usually negative.
If you have personal experience with FX Capital, feel free to share it in the comments. Honest feedback plays an important role in shaping public opinion.
Scammers’ Strategy
FX Capital targets inexperienced traders lacking financial literacy and experience in choosing a reliable broker. Fraudsters lure them through fake accounts, promising mutually beneficial cooperation and even showcasing screenshots of huge payouts.
The entry barrier is low, making it easy to find willing registrants. Skillfully using clients’ trust, scammers persuade them to gradually increase trading volumes. Successful deal appearances are followed by blocked fund withdrawals with various excuses (need to work off bonuses, payment for fictitious insurance, etc.). Such investors find themselves trapped in debt and are forced to seek competent lawyers for fund recovery.
Conclusion
The best advice we can give is to avoid FX Capital. You won’t earn anything with this company because its representation is false, and it does not aim to meet its obligations. Risking your capital with this intermediary is putting it at stake.
I am utterly dissatisfied with the broker’s performance at FX Capital, as they consistently fail to deliver the promised returns and lack transparency in their operations.