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Crypto Capitals Review - is it scam or safe?

Crypto Capitals Review - is cryptocapitals.org scam or good cryptocurrency CFD broker?

RATING: 1 / 0 REVIEWS Crypto Capitals
Crypto Capitals is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Min. deposit  Max. leverage Spread
Standard  N/A N/A N/A

 

Crypto Capitals presents itself as a cryptocurrency investment platform, however, its website does not disclose any trading conditions, even the minimum deposit amount required. Furthermore, the company lists other professional services such as financial planning, audit report, tax planning and commercial finances.

 

 

The broker is not regulated and its presentation IS anything but clear, so before you open a trading account with them be sure to read this review first.

 

 

Crypto Capitals Advantages

 

Not any.

 

 

Crypto Capitals Disadvantages

 

No name, no number, not license

There is actually very little information about Crypto Capitals on its website – there is no company name, no contact number, neither a mention of any license or regulation. There is only some address in Switzerland, however, we suspect it is fake.

 

This is a very worrisome sign, as the service of Crypto Capitals is actually anonymous. This means that the people operating the brand are not bound by any government regulator and that potential clients (or victims) have no one to turn to in case they have legitimate grievances or they have been scammed. That being said, anonymity is quite common among con-artists on cryptocurrency and forex markets.

 

Regulation is the single most important factor for the safety of any investment and the fact that Crypto Capitals does not have a license to offer its services significantly lowers its credibility. The broker is allegedly a trademark of Rushtag Limited, a company registered in Gibraltar, a British Overseas Territory. Nonetheless, the entity is not regulated by the Gibraltar Financial Services Commission (GFSC), nor by any another governmental agency.

 

Regulatory warning against it

We also found out that Switzerland’s financial markets and services regulator FINMA has blacklisted Crypto Capitals for conducting unauthorized activities in the country. This is yet another red flag regarding this broker.

 

 

Governments around the globe are searching ways to regulate the crypto currency market, which has become popular among investors in recent years. Due to the fact that cryptocurrency trading providers worldwide are largely unregulated, an increasing number of people get scammed out of their money via various cryptocurrency scams.

 

Does not disclose any trading conditions

Information, or lack of it, is a solid criterion for judging a broker’s legitimacy. Scammers would not share much essential information about their operation and trading conditions and the reasons for this are pretty obvious.

 

That is why we consider the lack of information on spreads, leverage provided, trading platform used, payment methods accepted, etc., as a great disadvantage on the part of Crypto Capitals.

 

No demo, not freely open for registration

Another thing that makes us almost certain Crypto Capitals is a scam is that the broker’s service is not freely open for registration. Of course, there is no free testing service either, but the fact that one cannot simply sigh up for a live trading account is quite odd. You need a sponsor/referral ID to register.

 

 

Come to think of it, that actually might be good, as the fewer people have access, the fewer the possible victims of this suspected scam.

 

 

Conclusion

 

It seems that Crypto Capitals is one of the many fraudulent cryptocurrency brokers that claim to provide related investment or trading products and services. This brokerage is anything but transparent about its operation and trading conditions, does not hold a valid license, but nonetheless conducts unauthorized activities on regulated financial markets such as Switzerland.

 

In order to avoid being swindled out of their money, interested traders should check out our list of recommended forex brokers that offer trading in cryptocurrency CFDs

 


>> Licensed crypto CFD brokers <<

 

 

To sum up our impression of Crypto Capitals in a few words:

 

Pros Cons
Not any No name, no number, not license
  Regulatory warning against it
  Does not disclose any trading conditions, no demo
  Not freely open for registration

 

Latest news about Crypto Capitals
No news about Crypto Capitals . Check back later.
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Traders` reviews for Crypto Capitals

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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