Beware! Blueprint Capital is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Blueprint Capital is yet another highly suspicious offshore broker that is best avoided – here is why:
Blueprint Capital regulation and safety of funds
Blueprint Capital claims to have an office on the following address in Switzerland:
The broker does not claim to have a license, however – and holding one is a prerequisite to operating on the Swiss markets. Obtaining one is extremely difficult and holding it is not something any company would simply neglect to mention! That is because the regulatory body that watches over the Swiss markets, the FINMA has set the highest minimum capital requirement on them – brokers need to hold over 20 million CHF to be able to obtain certification. Further, they must participate in guarantee funds that restore up to 100 000 CHF to affected clients in the case of broker bankruptcy.
The truth of where Blueprint Capital operates from is far darker – here is a clause that states what law is applicable in disputes between the broker and its clients:
By making the governing law that of St. Vincent, the broker tacitly admits it is headquartered there. The problem with the offshore location is that it does not regulate its Forex markets in any capacity – making it extremely attractive to scammers of all kinds, who set up shop there so they can run their schemes unopposed! And without a license, there is absolutely no guarantee that Blueprint Capital is not one of these scammers.
Blueprint Capital trading software
Blueprint Capital provides access to a web trading platform. Unfortunately, the broker’s software is quite limp when compared to industry standard Metatrader 5 – it lacks any form of automated trading, for once. Here is what the platform looks like:
The trading conditions on it are nothing to write home about either, with spreads of over 1 pip on FX majors and a leverage of up to 1:400. That amount of leverage has been deemed to be too much by most regulatory bodies around the world – but offshore brokers like Blueprint Capital are not bound by regulation, or any care for their clients’ safety of funds – so they still have high-leverage trading available. Be extremely careful when you see such amounts in the wild – nine times out of ten, you would be dealing with an offshore broker!
Blueprint Capital deposit and withdrawal methods and fees
Blueprint Capital mandates all deposits pass through its support desk, as you can see from the screenshot below:
However, if you have managed to invest with the broker, we suggest you look into filing a chargeback – check out the fees it charges on withdrawals:
A minimum fee of at least $30 is too much, when brokers operating in good faith nowadays readily waive such fees. But good faith is in low supply with Blueprint Capital – check out its Bonus policy:
It states that all accounts credited with a bonus need to achieve an impossible turnover of at least 50 000 times that bonus to become eligible for withdrawal. Before that requirement is met, clients are only restricted to withdrawing from their deposits, and no more than 20% of them at a time – or they risk losing their entire profit!
How does the scam work?
Given everything we said above, it is clear that Blueprint Capital is running a scam – here is how that scam unfolds:
When someone stumbles upon the broker’s website, they are prompted to make an account – and leave a phone number in the process. Once that is done, the scammers start calling around the clock, demanding more and more money from their victims. No amount can sate their appetite and they will keep calling until the victim runs out of money or realizes what’s going on!
What to do when scammed?
Scammed? Here are some steps to limit further losses:
Reissue whatever forms of ID and credit cards the scammers had access to and remove any desktop sharing software from your PC.
Secondly, contact your bank and ask to file a chargeback. But if a recovery agency reaches out to you and demands an upfront payment for its services, know it will only add to your losses!
Finally, do not hesitate to leave a comment below and tell us of your experience with Blueprint Capital – in doing so, you will be helping us raise awareness of the scam, which is the best way to fight it!
Von B
Blue Print Capital FX – Charles Zelly, Andrew Poulson, David Kobb, Jennifer L’Allier, persistently called aggressively to build up the account.
Now they have £144,784k of our balance showing and they are not responding to any calls after they agreed to send us the funds into our account in BTC?? Is it actually real daylight robbery or its an internal misharp? We are waiting to hear and when they give us back our money we will publicize their actions likewise.
Colin
I wish I had never heard of the Blueprint Capital company- lowest of low
They aggressively take your money and convince you they are acting in your interest
Abd on their simulated account platform
Double your account over 6 months with the promise of a monthly payout which never happens- next step they open many positions when prices are at highest and Alllow the account to go into a deficit position where you need to support the account by
Adding more funds – they then talk to finance and add funds which you can not repay so your balance reduces – I have lost all my pension to Jacob Goldman account manager / financial advisers and I would good to hear from anybody – I was contacted also by all the above contacts mentioned by VB above / I believe what goes round comes round and these scanners will suffer in one way or the other in the future