Beware! Kacapitalemporium 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.
There is room here for Kacapitalemporium to scam you if your are not too careful, but thankfully if you are reading this you are already one step closer to being better off. For one, in the following review we completely undress this broker and reveal its scammer identity and activities. It’s a clear risk to all, and clients should not fall for any of its cheap tricks, like its decent looking website.
There was no issues when we were registering. It was a fast process, which might seem like a good sign, but is actually a clear indication of the broker’s desperation for deposits.
We cannot really say that we have seen a similar user area to the one that this broker presents. It’s one of those confusing user area, where one ponders at the broker’s intent. Is it supposed to looks professional, or hastily made? We think both in this case, and it was not impressive.
Worst off, there was no trading platform whatsoever, which means that there are absolutely no available or applicable trading conditions, such as spreads, leverages, or tradeable assets.
KACAPITALEMPORIUM REGULATION AND SAFETY OF FUNDS
Kacapitalemporium is allegedly licensed in Hong Kong and China, two very different location as far as FX trading is concerned. For one, forex trading is illegal in China so there is no imaginable way or reason to think that Kacapitalemporium is regulated or registered there. In fact, it isn’t, and the broker utterly lies about it.
As for the Hong Kong claim, well here we had to dig just a little bit more to see that it too was fake. There is no mention of Kacapitalemporium in the Securities and Futures Commission (SFC) databank of regulated entities, meaning that the broker is not licensed in Hong Kong. If it is registered there, which is highly unlikely, it definitely is illicit.
Without further information to help us we have no other choice but to deem this broker fully unregulated and a big risk to all investors and their money. Also, any personal details provided here will be lost, or worst, used against the user. All the more reasons not to trust Kacapitalemporium with any sort of information of deposits!
If you are investing in an unregulated broker better not invest at all; at least in the latter occasion you will not be ensnared in an investment scam that will not only take your money but will greatly waste your time and energy. Better yet, if you have the will to invest, and either are skilled at it or want to expand your knowledge, there is no better way to go than any of the European, UK, US, or Australian brokers we have compiled for you. These are all regulated, and so are up to industry standards, but are also limited in the amount of freedom they can have by some of the top regulators!
KACAPITALEMPORIUM TRADING SOFTWARE
Of course, we have to return to one of the major issues at hand, namely the lack of a trading software. Without one, we cannot label Kacapitalemporium as a broker, but only a website that offers fraudulent investment services.
Neither the website, nor the user area tries to offer a platform, also revealing how lazy the firm is to tray to sell its lies. Investing here would be a complete waste of money, as there is nothing to gain from doing it.
KACAPITALEMPORIUM DEPOSIT/WITHDRAW METHODS AND FEES
According to the user area, clients can invest by means of credit cards, debit cards, and PayPound, the latter of which seems like a very shady and probably fraudulent payment provider supported by multiple scams. There was also the option to chose an “external” payment method, but clicking on it led us to an error page, so this one is definitely out. There was no minimum deposit requirement; the broker accepts as low a sum as $1.
The withdrawal area offers only banking withdrawals, which actually goes against all major anti money laundering practices and regulations, making Kacapitalemporium that more of a risk and a scam! These rules are very crucial in preventing fraud, so here’s one more reason why you should not invest here!
There are no mentions of fees, but we would still be careful if we were you. Similar brokers have done their worst even if they never talked about fees.
HOW DOES THE SCAM WORK
Scams have surprisingly little evolved over the past decades since their inception. It’s basically the same principle being rendered through different sites and by a plethora of different agents.
The core remains the same. The broker tries to grab the client’s attention either by advertising false profit gains, or by directly contacting the user, who is the vastness of the internet let his guard down at some point and either provided an email or a phone number to some now forgotten source.
Should the user get contacted (or fall for the ads) he or she will be shown to the website of the investment fraud and promptly be pushed to invest, either by sweet talking representatives of the scam, or by the account manager which is also the one that keeps the whole thing in check.
The ultimate goal is to compel the user to invest once, and after that the trap is fully shut. The client already lost money, and any further investments are a bonus to the broker. All withdrawals will not be available, and even if the broker seems to be keeping a straight face, it’s all part of the scheme.
Sometimes the users will get a small teasing taste of profit, just so they are motivated to invest more. But after that one time is when most clients realize that something is wrong.
WHAT TO DO IF SCAMMED
The best thing to do is to file for a charge back with your credit or debit card provider, provided that you had previously invested via them. MasterCard and VISA have a chargeback period of 540 days, so its relatively easy to get reimbursed, and that’s why fewer and fewer scammer brokers are offering card payments.
An easier way to lose money is through wire investments. The only advise we can give you is to contact the bank as soon as the money has been lost (or when you realize you have been played). That and to change your bank account password and user name!
We come to the favorite investment methods of unlicensed brokers – crypto wallets. These are untraceable, and thus once a payment goes through it’s finished! There is no real way of getting one’s money back.
Also do not trust recovery agent or agencies promising to get your money back. These will fee you a hefty sum in return for their services, but as soon as you pay them they will disappear!