Polar Capital Technology: customer reviews about the company in 2023
Polar Capital Technology: customer reviews for 2023
Polar Capital Technology positions itself as a reliable partner for trading and talks about successful work. According to legend, the project has already been joined by 310,000 traders. It is hard to believe, as there are no reviews about the company. If the broker was really successful, information about it would have long since spread by word of mouth. We decided to check what this intermediary really represents and why there is no information about it on the Internet.
Key company data
According to the authors of Polar Capital Technology, they wanted to create a trading and investment application that has no analogues in the financial markets. Instead of a roadmap on the platform, there are only stories about the long path of development, dozens of prototypes, and hundreds of hours of testing.
The broker clearly lacks specifics, and here’s why. Checking the registration date of the domain polar-capital.co showed that it was launched on February 15, 2023. This explains the lack of reviews about Polar Capital Technology and expert reviews. People simply have not had the chance to fall into the financial trap set by these scammers and lose money.
Another “kitchen” sign is fake contact information (phone numbers, email).
This is how scammers act, who do not intend to take financial responsibility and communicate with users. All problems will have to be dealt with independently. Considering that the company initially does not intend to cooperate honestly and has set cabalistic conditions in its internal documents, it is unlikely that one can leave this platform without losses.
Legal information
The Polar Capital Technology website states that the company is registered in London (United Kingdom), and there is even a certificate of incorporation number. We checked the information in the Companies House database and did not find any company under number 110989.
However, we did manage to find the real Polar Capital Technology Trust PLC. It was registered in 1996 (certificate №03224867). Its official website is polarcapitaltechnologytrust.co.uk.
The real Polar Capital Technology Trust PLC is part of a holding and offers a diversified portfolio of stocks for investment.
Scammers are trying to pass themselves off as a real company, but they are not doing it well. Their lack of reviews, fake contacts, and lack of specifics on the website give them away. Although there will likely be those who still fall for their empty promises.
Our hero of the review is not among the licensees of the British regulator FCA.
The fraudulent company has also not yet come to the attention of regulators from CIS countries, but it clearly awaits a place on the blacklist. Scammers provide services illegally in Russia, Kazakhstan, and Belarus.
Trading opportunities
To collaborate with Polar Capital Technology, you will have to shell out. The initial deposit is $250, but you are unlikely to limit your losses to just this amount. Scammers will try to squeeze out the maximum from their victim. Commercial offer features:
- four tariff plans with entry thresholds from $250 to $10,000,
- spreads from 0.5 pips,
- Cashback program (for all accounts except “Standard”),
- protection against negative balance,
- zero commissions for profit withdrawal,
- educational courses and personal lessons,
- help from a personal account manager,
- some tariffs additionally offer trading signals, individual analysis and strategies, participation in a trading academy).
We did not find reviews confirming that the company trades honestly and allows for profit withdrawal.
User reviews
Polar Capital Technology is only two weeks old, so reviews about this scam project have not yet appeared. We are confident that the situation may change soon, scammers will promote their offer and feed newbies with lies. As soon as the first reviews appear online, we will definitely add them to the material.
Scammers’ scheme of action
In Polar Capital Technology, they try to gain the trust of newcomers. That is why they offer free training and mentorship services. Novice traders need support and help in trading on financial markets, so they quickly take the bait and replenish their balance.
At first glance, it may seem that the company is really worthy and can help you earn. However, fraudsters are only playing a cheap show; they don’t even execute trades on the market. All the users’ money immediately ends up in the pockets of scammers. The truth will only be revealed when the user tries to withdraw the profit. Scammers will first procrastinate, and then make a mandatory demand – to pay insurance in the amount of 50% of the withdrawal sum. Of course, this is just another way to squeeze additional money out of the client. Scammers do not intend to pay in principle.
Conclusion
You won’t earn a penny on the Polar Capital Technology platform. Instead of trading on a unique platform, you will get a blatant money scam. Once you become uninteresting to this company, they will stop communicating. The contacts are fake, and anonymous scammers are at the helm, so it will be difficult to track them down and seek justice.