PrivateCapital: customer reviews about the company’s performance in 2023
Behavior of dubious brokers on the Internet
Some fictitious brokers don’t even bother to create a high-quality website, develop a concept, and a commercial offer. They launch an empty site where it is difficult to find specific details, and then, using individual schemes, attract investors. Without reviews, many newcomers can fall for the scammers’ trick and entrust them with their financial resources. This method of attracting easy money is also used by PrivateCapital. In the following review, we will examine the facts that have been learned about this firm.
Outsider broker PrivateCapital
The suspicious origin website of PrivateCapital is a typical single-page resource with limited information. Regardless of the section chosen, you will see a “Learn More” button that, when clicked, redirects you back to the homepage. The information on the site is presented only in Russian. The site’s appearance clearly indicates a lack of seriousness, although its creators claim to be registered in London (however, the office address is unknown).
- 14,000 clients from different countries
- trading turnover – $1 billion
- presence of 200 offices in Europe and worldwide
- profitability rate – 40%
According to the information in the site footer, it was launched in 2006. However, thanks to a whois query, it became known that the PrivateCapital resource started functioning only on February 12, 2023. This is a new venture that can take advantage of the absence of real reviews to manipulate novice traders.
Contacting the project directly does not seem possible. The listed phone number belongs to the Urbanpoint Hotel, a hotel in the Poltava region (Ukraine). There is no information about regulation on the platform. Future clients are not even provided with the opportunity to familiarize themselves with the User Agreement. This indicates that clients are opening accounts on a fraudulent platform and entrusting their funds to unreliable hands.
Trading offers of GoogleCapital
PrivateCapital’s approach does not disclose its trading conditions, provide information on tariffs, or even specify basic requirements. Their approach is to individually attract users to investments by using empty promises:
- wide selection of tools (6 classes of trading assets available)
- low spreads
- no additional commissions
- daily analytics
- educational materials
- copy trading for passive income
When registering with PrivateCapital, many promises are made, but in reality, it all comes down to extracting funds from traders.
Lack of reviews
PrivateCapital is too young of an enterprise to have real customer reviews. This creates a threat, as scammers can make false promises to potential clients. If you have been deceived, you can leave your review on our website, which may help others avoid financial losses.
Essence of the scheme
PrivateCapital offers newcomers to start with copy trading instead of risking their own funds. They promise that professionals will manage your investments, and you just need to follow them. However, PrivateCapital is not an honest intermediary. The company is simply looking for ways to extract maximum profit from your pockets, shifting blame to market fluctuations or technical glitches. Getting a return on investments will be difficult as you are led by anonymous fraudsters, and the platform itself is not trustworthy. Regulators will not help you; you need good lawyers.
Summary of analysis results
Registering on the PrivateCapital website is not recommended, as this enterprise operates illegally and cannot be relied upon. Without legal documents, no service provider will want to deal with scammers. Here, trading simulation is used to steal money from gullible people.