Beware! C4U 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.
C4U Capital has picked a cartoonish style for its website design, which we actually found charming, but in no way is this theme appropriate to a forex broker. It does not go well with the default feeling of professionalism that FX brokers strive to induce in users. So, the website is cute but unprofessional. What else? Well, there is the issue of the content on the website, not to mention the legitimacy of the broker, all of which will be discussed in the following review.
The account creation area completely shifted away from the friendly and kind of silly website design of C4U Capital, to a very different-looking registration tool, and a subsequent user area that had no design similarities with the overall look of C4U Capital. In other words, C4U Capital has taken this user area template from somewhere else, and we have evidence of the exact same client portal design being used by dozens of other brokers, if not hundreds!
But at least we had access to a client dashboard, which is more to say about so many other brokers. The user area is centered around a simple web trader.
From there, we read that the client has the option to trade with forex currency pairs, indexes, stocks, cryptocurrencies, and commodities. The average EUR/USD cost of trade is 2 pips, which is just on the verge of being too high for generating profit. The leverage value is capped at 1:100, although the leverage info was taken from the website so it may not be so true to the source.
The website of C4U Capital is available in English only.
C4U CAPITAL REGULATION AND SAFETY OF FUNDS
We are just going to say it. C4U Capital is completely anonymous. The closest thing that we could find that is of any help- not to us, but in writing the review- is a mention of Polish laws. However, are we supposed to interpret this as proof that the broker is registered in Poland and fully regulated there? Absolutely not! The way we see it is that C4U Capital has mentioned some random country on its website just to refer to something if questions arise. C4U Capital is neither registered nor licensed in Poland.
Other than that there is nothing to suggest anything. C4U Capital is anonymous, and therefore, a complete and utter risk to all users. It is also, without a doubt, unregulated and probably a scam! There is no reason to trust it!
Any UK, EU, US, or Aussie-regulated broker is your best hope of getting back on the trail and avoiding scams. Investing, and even dealing with unregulated brokers is both a waste of time and money! Licensed brokers tend to the need of their users, and provide a safe and fair trading environment, accommodated with all the necessary tools to bring clients a superb trading experience. Not to mention that the FCA and CySEC, offer reimbursement schemes that see users getting covered for any losses should their broker fall into insolvency. The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.
C4U CAPITAL TRADING SOFTWARE
The broker promotes an MT5, but instead, we get a web trader and not a very good one. Let us elaborate. C4U Capital lies to its users about the promoted MT5. It actually offers a very inadequate and useless trading software. A pretty big downgrade if you ask me.
The just of the web trader is that it has some appeal but it completely lacks everything else. There are close to no trading options, and users can’t get anywhere with this software.
C4U CAPITAL DEPOSIT/WITHDRAW METHODS AND FEES
According to the user area, the minimum deposit requirement is €250, and the payment methods available here are credit cards, debit cards, crypto wallets, and wire transfer. Nothing else can be learned from the user area concerning payments. It all boils down to the website, a source that is not easily trusted.
The Deposit and Withdraw Policy claims that users can be issued fees, but there are no further details into this. Withdrawal fees are nothing new, and is this ambiguous approach of not indicating what the fees are.
And if that wasn’t enough, we later learn that there are no other payment details revealed.
As a verdict, we would like to just say that C4U Capital is a risk to all investors.
HOW DOES THE SCAM WORK
The scam works very easily. Users are lured by online ads that promise unrealistic, and therefore unattainable things. Then they are redirected to the investment schemer website, and from then on the manipulation begins.
First, users will be asked to provide contact details so that the broker can directly contact them and ask them for payment. But this is not done directly; there are scripts upon scripts with psychological tricks and tactics that lead to users being charmed into investing.
These tricks range from all the imaginable to the impressive. What the main goal is to keep the user invested in the scam, and deposit at least once!
After a while, each user will feel the pressure and will want to withdraw. This is where the last line of defence of the fraudulent broker will deploy, cutting the user from his or her funds by means of shutting down the account, stalling clients, or simply shutting the website. The scammer will do everything not to let you withdraw!
WHAT TO DO IF SCAMMED
File for a chargeback with your credit or debit card provider. It’s the surest way to get your money back, although it is not set in stone. MasterCard and VISA have a chargeback period of 540 days.
Bank transfers are harder to trace and are most like lost for good. Although, certain banks might have a special plan-of-action ready for scammed users, so be sure to check with your local bank for more info. It is also a good idea to change your bank account password and user name.
Crypto investments are lost for good. The only way to get them back is if the broker itself reimburses the money back.
Do not trust recovery agents that promise to return your lost money without ever giving any technical details. These are separate fraudsters that will ask a commission for the “service” and will alter disappear without a trace!