BourseCapital Review – 5 things you should know about

BourseCapital Review – 5 things you should know about

Rating: 1

Beware! BourseCapital is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


BourseCapital is in no way a legitimate broker – despite a good-looking website and a decent trading platform, this broker quickly fails to convince us that it is more than an average, unimaginative scam. The broker is completely anonymous, provides access to no legal documentation, and fails to offer any actual reason that could make us believe that this is a good choice for investing. Stay as far away from BourseCapital as possible.


BourseCapital can only be contacted via email – the broker has not provided an address or a phone number and has not mentioned anything about being licensed by any specific financial authority. The reason behind this is most probably that this is not a licensed enterprise – if a broker is regulated, they will surely say by which regulatory body and provide license numbers and company names so you could check the registers yourself.

Dealing with unlicensed brokers is a huge gamble – more often than not, when you choose to do business with such anonymous companies you will end up scammed. Anonymity is not what you should be going for when investing a potentially huge amount of money with a company – only work with licensed brokers who have proven their good reputation and reliability.

We would recommend that you trade with brokers licensed in the UK, the EU, or Australia – such companies are usually the safest choice because brokers are obligated to report to authorities regularly and meet some requirements before obtaining a license. Not just anyone can become a broker – such companies have to be very well-capitalized to cover the huge expanses that might arise, and financially stable. That is why brokers must maintain a minimum capital of €730 000 in the UK and the EU, and A$1 million in Australia. Client funds must be kept in segregated bank accounts managed by third parties – this prevents losses for you in case the broker goes bankrupt and proves that the broker would not be able to use your money for their own purposes. Negative balance protection is another important element you should consider – as a retail client, you could never lose more money than you have in your account.


BourseCapital offers a plain web-based platform – and while such software is easy to use and might appeal to beginners, it is probably not the best choice for a multitude of reasons.

This is definitely not the platform for you if you are even a slightly more experienced trader looking for a good amount of useful tools and features. But even as a beginner, you would probably benefit from working on a platform that has more to offer – you will learn faster and have a generally more successful trading journey.

We would recommend that you check out the two most popular platforms in the industry – MetaTrader 4 and MetaTrader 5. Both of these platforms offer a huge number of indicators, timeframes, and chart types you could use to conduct advanced charting and analysis operations. They also feature additional tools such as Expert Advisors you could use to track markets and trade automatically, a Strategy Tester, a market for additional trading apps, etc., and offer the chance to develop custom scripts or to set signals for prices going up or down.


BourseCapital seems like a fairly affordable broker at first – the minimum deposit they ask for is $250 and the spreads we got on their platform were as tight as 0 pips on the EURUSD pair. However, $250 is actually a pretty high minimum deposit – many brokers that are much more reliable and established would open an account for you for $100 or for much less.

As for those unrealistically amazing spreads, we are not inclined to believe that they are anywhere close to actual. Even the best and most affordable of brokers rarely managed to bring their spreads a lot below 1 pip on a Standard account – we have the suspicion that BourseCapital might have manipulated the platform in some way so it could show these amazing results. The broker has not mentioned anything about commissions either – and since brokers usually make money either through commissions, or mark-up, this should be a red flag. The commissions BourseCapital charges might as well turn out to be huge.

Finally, the broker promised pretty high leverage – between 1:200 and 1:500 depending on your account type. However, we were only allowed to trade with leverage of up to 1:10 on all assets. For some of these assets, like major and minor currency pairs, and gold, this is actually pretty low – even the strict regulations in the EU, the UK, and Australia allow retail traders to trade forex majors with leverage of up to 1:30. For other, more volatile assets, like cryptocurrencies or indices, for example, such leverage might turn out to be too high – the regulators in the EU, the UK, and Australia only allow leverage of up to 1:5 for indices and 1:2 for cryptocurrencies. Always be careful with your settings when it comes to leverage – trading with higher rates could lead to much bigger losses.


BourseCapital claims that it accepts deposits made with a credit or debit card, via wire transfer, or via a few popular (unspecified) e-wallets. However, we were only allowed to deposit using a credit or debit card. This is actually good news if you have already transferred money to this broker – both Visa and MasterCard allow chargebacks within 540 days if there is a reason to believe a client has been scammed. Do not deposit with this fraudulent broker – but if you already have, contact your credit or debit card provider as soon as possible to ask for such chargeback.

BourseCapital seems to offer bonuses but did not provide us with access to any sort of legal documents. This is problematic because such scammers often use bonuses as a means of adding fraudulent clauses to their Terms and Conditions – such clauses would later prevent you from withdrawing before reaching a certain enormous turnover. Sometimes you would not be able to withdraw the bonus and your profits but such clauses sometimes also include your own deposits. Stay vigilant.


Scams of this sort have become quite popular and quite the problem – the best course of action would not be hunting down your lost money to unknown ends only after you have deposited it but learning how to avoid them.

The scheme usually starts with a flashy ad on the Internet promising to make great service and improbable profits. The best part is, that you would not have to do much – you just have to invest with this specific broker who of course claims to be very reliable.

The scam starts when you provide the scammers with your email and phone numbers – you open an account just to see what they have to offer. The moment they get access to your contact details, they won’t leave you alone before you deposit. After that, you will probably turn improbably amazing profits – often enough, scammers manipulate platforms to fabricate satisfactory results. However, they will keep asking you to make bigger and bigger deposits – and you will be glad to transfer money since you will think that you are doing great. Such people are familiar with the art of smooth-talking since that is what they do for a living – they will find a way to sound reasonable and persuasive and before you know it, they will have you depositing thousands of dollars.

Only when you try to withdraw some of those profits, you will run into trouble. Additional fees and taxes, clauses in the Terms and Conditions that prevent you from withdrawing, sudden changes to those Terms and Conditions – these are all instruments in the scammers’ arsenal. By this point, you will know something is wrong but the scammers will stop answering your calls and emails and disappear completely.


When it comes to staying safe from fraudulent brokers, prevention is key – don’t deposit with such enterprises in the first place. Always do your research on the broker carefully before investing, check registers, and read the Terms and Conditions carefully. If you have already invested, there are still a few things you could do.

Change all banking passwords to avoid additional losses of money. In case you have installed remote access software, remove make sure to remove it – the broker might have offered help with installing their platform or even trading advice but all they really wanted was access to your computer in order to be able to access your bank accounts later. Notify authorities and contact your bank or credit card provider to let them know you have been scammed. If you have used Visa or MasterCard to transfer money, ask for a chargeback as soon as possible – both providers have a policy that allows such chargebacks within 540 days.

Don’t trust anyone who calls themselves a “recovery agent” and offers to retrieve your money for a fee – this is just another type of scam targeting people who have lost money and are desperate to retrieve it.

Finally, sharing your story with others is important – consider posting about it online. This way, people will know how such scams work and how to avoid them.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
Cyprus4.75/5$100 Click for a special offerWebsite
New Zealand4.65/5$1 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *