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IntelligentCapital Review - is it scam or safe?

IntelligentCapital - Is intelligent-c.com scam or good forex broker?

RATING: 1.1 / 3 REVIEWS ForexBrokerz IntelligentCapital
IntelligentCapital is an offshore broker. Your money is not safe.

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IntelligentCapital is a forex and CFD broker, offering a wide variety of currency pairs and crypto CFDs on the MetaTrader4 trading platform. If you are thinking about opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Welcome Account $250 1:100 3 pips, fixed
Experience Trader Account n/a 1:100 n/a
VIP Account n/a 1:100 n/a

 

IntelligentCapital Advantages:

 

Lots of forex pairs and crypto CFDs

 

We counted some 49 forex pairs, on the IntelligentCapital paltform, including exotic currencies like Indian Rupee, Norwegian Krone, Turkish Lira, Singapore Dollar, Swedish Krona, South African Rand, Russian Rubla, Polish Zloti, Mexican Peso, Hong Kong Dollar, Hungarian Forint, Danish Krone and Israeli Shekel. 

 

The broker also offers CFDs on major crypto currencies like Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash, Ripple, Bitcoin Gold and Monero, as well as spot metals like gold, silver, palladium, platinum and copper, commodities like sugar, wheat, soybean, corn, coffee, cocoa, orange juice and cotton, oil, natural gas, stocks and 21 indices. Still, here you may check our list of brokers also offering Bitcoin CFD:

 

>>Bitcoin Forex Brokers<<

 

Maximum leverage up to 1:100

 

The maximum leverage offered by IntelligentCapital is 1:100 and that in our view is enough to fit any trading strategy. Have in mind that professional traders rarely use higher levels, as with leverage the risk of loosing your funds grows exponentially.

 

MetaTrader4 supported

 

IntelligentCapital offers its clients a choice between the well known MetaTrader4 platform and a web based platform, which in our view looks quite decent and user friendly. 

 

 

Yet the presence of MetaTader4 is always welcome. The platform is an absolute market leader and is used by more than 80% of all traders around the globe. Among its most notable features is the automated trading option, where you can run algorithmic trading sessions, using specially designed Expert Advisro bots, which easily can be modified on a propriety scripting language – the MQL4. Here you may check our list of brokers, also offering the MetaTrader4:

 

>>Find other MT4 brokers here<<

 

Islamic Account offered

 

IntelligentCapital offers its clients a swap-free, Islamic account, with which you do not have to pay interest for positions left open over night. The Islamic accounts are designed especially for Muslim traders, who under the Sharia law are not allowed to take or receive interest. Usually you pay for such kind of service with a fee, commission or higher spreads. Here you can check our list of brokers, also offering Islamic accounts:

 

>>Islamic Account Brokers<<

 

Various payment methods

 

With IntelligentCapital you can deposit or withdraw founds with all major credit or debit cards such as Visa and MasterCard, e-wallets like MegaTransfer and a bank wire. Still as payments with crypto currencies are getting more and more popular, here you may check our list of brokers where you can pay with Bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

IntelligentCapital Disadvantages:

 

Lack of regulation

 

IntelligentCapital is owned and operated by Intelligent V.B.Ltd. - a company based on the Marshall Islands at Trust company complex, Ajeltake road, Ajeltake Islands, Majuro, MH96960, where a number of other offshore, unregulated brokers, including Novatrades, iForex24, Tradex1 and AvaInvestments are also registered. 

 

IntelligentCapital is an unregulated broker and that strongly undermines its credibility. You should have in mind that proper regulation is crucial for the safety of any investment. 

 

Properly regulated brokers have to abide by strict financial and ethical rules, among which to maintain certain minimum level of operational capital, as well as to keep all clients funds in a segregated, protected form creditors account. In some cases brokers are even obliged to insure traders capital.

 

For example Brokers licensed by the  Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) have to participate in client compensation schemes. 

 

Under the FCA backed Financial Services Compensation Scheme, in case something goes wrong, traders can be refunded with up to 50 000 GBP. At the same time a similar CySEC insurance mechanism, guarantees traders up to 20 000 EUR of their capital. Here you can check our list of brokers licensed by the FCA:

 

>>FCA Regulated Forex Brokers<<

 

Confusing presentation of the account types

 

IntelligentCapital offers three account types – a starting Welcome Account, an Experience Trader Account  and a VIP Account. However, the broker does not specify the trading conditions with each account type.

 

When we opened a Demo Account the EURUSD spread was between 1,2 and 1,5 pips. Unfortunately we are not sure, which trading account the Demo Account mirrors, because when we opened the web based trading platform the EURUSD spread was fixed at 3 pips and the broker does not provide any information about spreads on its website.

 

In any case you should remember that acceptable spreads with a standard account start below 1,5 pips. Here you may check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Excessive minimum deposit requirement

 

To open a starting Welcome Account with IntelligentCapital you will have to invest at least 250 USD, which in our view is excessive as with most brokers you can open a starting account with about a hundred dollars, while with some well established brokers like XMFXTM and IG you can start trading with 5 USD or less.

 

Conclusion:

 

IntelligentCapital is an unregulated, offshore broker with very little credibility and as we already discussed, when investing on the forex market it is crucial to choose a properly licensed company.

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Traders` reviews for IntelligentCapital

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Withdrawal

Please I am waiting for the return on my investment. I have paid the CGT and dealt with Benjamin Brown of your office.
This is stealing from the poor.

S J (Fanie) van Aswegen 08/30/2019

Scam

It is very difficult to get hold of them especially in the UK. I tried everything to get my money out of them. I have dealt with Benjamin Brown

Fanie van Aswegen 08/22/2019
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