Beware! CFD-Capital.com 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.
CFD-Capital.com has to be bearing the most generic name for a broker, combining the most common vocabulary from the industry to for the name of a broker that is just as generic as its namesake. Even more so actually, considering that CFD-Capital.com turned out to be an illegitimate broker. But more on this later. For now, it’s good to know that the website has been made to look professional in order to retain certain users while attracting others. However, in our eyes, this site is a complete failure and does not do a good job.
The easy registration, as much as we would like it to be, is actually a very worrying sign, especially with a broker looking the way CFD-Capital.com looks. The reason for this is that anyone can easily register and start swinging money CFD-Capital.com’s way. It’s exactly what these scammers want.
Not to mention that the user area seemed overwhelming, and there was a touch of untrustworthiness that stuck throughout.
The client portal opens with an immediate deposit area, and there was some sort of lag in which we could barely access any of the other subsections of the user area. Consider this also: there was no trading software area in the dashboard; no subsection, and nothing bearing the name of a software. The website platform situation is pretty much the same.
However, the real issue came when we came to the conclusion that there was no trading software. Meaning that none of the promoted trading material – we are talking about the spreads, the leverage, the assets, etc – is applicable to CFD-Capital.com. Without a software, this non-broker is precisely that- a fake brokerage.
CFD-CAPITAL.COM REGULATION AND SAFETY OF FUNDS
We are told that CFD-Capital.com adheres to the laws of Estonia, but this is a long shot if we have ever seen one. Estonia has long been used as a sort of scapegoat for all sorts of scammers for reasons unknown to us. What’s important to note is that CFD-Capital.com is not regulated there, and if registered, is definitely conducting is practices illegally. The main reguator in Estonia would never even think of licensing such a scheming entity.
There are no furher details. It doesn’t take much to conclude that CFD-Capital.com is unregulated and a risk to all!
Unless you wish to throw your money away for no reason , there is absolutely no incentive for investing in unlicensed brokers. In fact, you would be doing them a big favor by funding their further fraudulent projects. If you wish to trade real FX and CFD with regulated brokers, looks no further that those that are regulated, especially in well known locations such as Europe, the UK, the US, or Australia. The regulators there are pedantic to a ridiculous degree and will do everything in their power to uphold the rights of the user and the integrity of the market industry. It is within their power to penalize brokers and demand client compensation, as well as to set industry standards and introduce new rules and regulation.
CFD-CAPITAL.COM TRADING SOFTWARE
As we already revealed, there is no software used here. Nothing on the site suggests there is one; the broker can claim all it wants but it needs to provide hard evidence in order to be thorough.
Here we have no evidence. And what’s more is that there is no software in the user area, the one place where there must be a trading software.
What sort of a broker does not have a trading software? You can’t define CFD-Capital.com as a broker.
CFD-CAPITAL.COM DEPOSIT/WITHDRAW METHODS AND FEES
From the user area, we got as many payment details as we could possibly get. Accordingly, the only way to invest is by means of a credit card, with a minimum requirement of $250.
However, the withdrawal area reveals wire transfer, credit cards, and crypto as payment methods. Please note that to have different or more payment methods used for withdrawing than depositing is against anti-money laundering laws. CFD-Capital.com is in violation of them!
There are no further specifics on payments. Not if you don’t consider the non-deposited funds clause in the legal docs, that pretty much takes away the right of a user to withdraw funds or the so-called non-deposited funds. Even if users could trade here, they would not be able to profit due to this notorious scammer clause.
CFD-Capital.com is a risk to all, and there isn’t a single reason to invest here.
HOW DOES THE SCAM WORK
Getting scammed usually happens without you knowing it. It’s a deceivingly simple process that owes its success precisely because it seems so avoidable.
First, there is the matter of getting in contact with the broker which happens in one of two ways. Either it contacts you, or you it. If it calls, it means that somewhere in your net journey you accidently left a phone number or an email address. Or you were persuaded by the broker to contact it, which is why many scammer brokerage sites looks so appealing.
The hardest thing to achieve, for a fraudster, is to convince a user to invest an initial deposit. Prior to this a certain level of trust must be built, centered around a false sense of rapport. The broker will fake an interest in the user and in the process talk about market and profit opportunities, as well as investment choices. It’s all a part of a retaining strategy that will keep the user invested for at least a couple of thousand dollars, on average, until, eventually, he realizes the scammer pit he has fallen in.
When this happens, the broker will seize all contact with the user, and might even block the client from the website. It will go to great lengths not to return a single penny of the user’s money.
WHAT TO DO IF SCAMMED
The first thing you should do it to file for a charge back. That’s if you have invested by means of a credit or debit card. MasterCard and VISA have a chargeback period of 540 days giving users more than enough time to try to get their money back.
Wire transfer deposits are not as easy to acquire, and the best advice we can give you is to set up a reimbursement strategy with the bank leading the transactions. Most banks have strategies put in motion when these circumstances are met. Furthermore, if scammed via a wire transfer, it’s best to change your bank account user name and password.
Unfortunately, all crypto deposits are most surely lost for good. These transactions are untraceable and therefore once they reach the scammer end it all depends on the fraudsters if you see your money back or not.
Lastly, do not trust recovery agents or agencies. These are either separate scammers trying to get a hold of any leftovers, or can even be an extension of the brokerage scam.