Saint Vincent and the Grenadines have become a popular hub for unregulated Forex and CFD trading providers. Because this country has no financial regulator in charge of the aforementioned, many scheme firms use it to hide under the radar. The plan is simple: extort as much money as possible and disappear before being noticed by regulators.
Read this detailed CapitalCore review and you will find every little thing this brokerage has tried to hide.
|Broker Status:||Offshore Scam Broker|
|Broker Regulation:||Unlicensed Forex Provider / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||Capital Core LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Trading Platforms:||MT5, WebTrader|
|Deposit Bonus:||Up to 40%|
|Crypto Trading:||Available – ADA, MATIC, ETH|
|CFD Trading:||Yes, you can trade CFDs|
|Trading Instruments:||Forex, stocks, futures, cryptocurrencies|
|Islamic Account:||Not Available|
|Accepts US Clients:||US traders are accepted|
|Global Fraud Protection Team:||Don’t Invest in This Scam Broker!|
Is CapitalCore a Scam Forex Provider?
According to the Terms and Conditions, CapitalCore Forex broker belongs to Capital Core LLC, a firm registered in November 2021 in Saint Vincent and the Grenadines. This information per se puts CapitalCore’s regulation in question since SVG has no regulator. Instead, companies are directed to opt for a license in the service country.
Since broker CapitalCore brags about accepting US clients, we’ve checked registers of NFA and CFTC yet found nothing. In addition, we went through databases of the FCA, ASIC, BaFin, and other Tier1 authorities just to confirm what we already know. CapitalCore is a phony platform.
CapitalCore is an unregulated online trading broker allegedly registered in Saint Vincent and the Grenadines. Based on the high risks coming from bonuses and leverage, it’s recommended to avoid this trading firm.
Where Do CapitalCore Scam Victims Live?
Based on CapitalCore reviews, the firm is mainly active in:
- South Africa
The company was registered end of last year, and the website has been operative since the beginning of 2022. So far, thousands of CapitalCore complaints about withdrawals and other issues have been filed.
CapitalCore MT5 Trading Platform
On the bright side, the CapitalCore trading platform is MT5. MetaTrader5 is considered the best platform in the trading industry, with the broadest choice of tools. Customers can entirely optimize it to suit their trading preferences, customize the interface, and use many indicators. Sadly, all this is worth nothing when the broker is against you.
Can I Download the MT5 Mobile Trading App?
As with any MT5, this one also comes with a mobile app. The app is available for Android and iOS users and has the same features. If you are worried about being limited due to the usage of a mobile device, you can have ease of mind. The MT5 mobile app works on the same level as the desktop version.
This broker offers WebTrader as well. It’s a proprietary web-based trading solution without as many features. Unlike MT5, this is a rudimentary platform not meant to be used for complicated trading strategies. Customers can overview assets and apply several indicators, and that’s about it. It’s a better solution for trading newbies, as it’s less confusing.
CapitalCore US Traders
CapitalCore broker claims to accept US traders. This, however, is a big issue. Any broker that wants to provide Forex and CFD trading services from this country should be regulated by the NFA, CFTC, or any other financial authority. As we already explained, CapitalCore is based offshore and operates unlicensed.
In conclusion, all the services US citizens are provided with are not covered by any compensation fund.
What Can I Trade With a CapitalCore Broker?
This brokerage has quite a limited number of trading assets. Customers can trade in:
- Forex market – EUR/USD, AUD/CAD, USD/ZAR
- Shares – AMZN, NFLX, GOOGL
- Futures – commodities and securities
- Cryptocurrencies – BTC, ETH, XRP
However, compared to other legitimate brokers, this offer is rather poor.
Fees and Spreads
Like much information about this company is missing, so are spreads and fees. Even if the broker tries to lure you with low costs, know that the utmost goal is not for you to pay small fees. The idea is to get ahold of your entire deposit and vanish. Beware.
Overview of Trading Accounts – What Do They Offer?
There are four CapitalCore account types:
- Classic – $10, max lot size 1, max leverage 1:2000
- Silver – $1,000, max lot size 10, max leverage 1:1000
- Gold – $1,500, max lot size 100, max leverage 1:200
- VIP – $10,000, max lot size 20, max leverage 1:100
Although CapitalCore’s minimum deposit is low, don’t be deceived. This firm only allows 10 positions with a Classic account, upon which you’ll be asked to upgrade your account.
Can I Trade With a CapitalCore Demo Account?
There’s a CapitalCore Demo account with $10,000. This is a great option for inexperienced traders to feel the market and test the platform. However, shady brokers tend to change market prices and increase your self-esteem by generating high profits. Once you see it, you will be more comfortable investing real money, which is when they will hook you in.
Is CapitalCore Deposit Bonus Available?
CapitalCore bonus is available up to 40% or $2,500. However, this money is not free. Scam brokers often use bonuses and other incentives to lure clients into a scam and add malicious clauses to their Terms and Conditions. To make it worse, CapitalCore didn’t mention any rollovers or bonus terms, meaning it’s left to the employees to decide how much you have to repay before being eligible for a withdrawal.
Maybe I Can Get a Welcome Bonus?
You can get a welcome bonus as well, under the same terms. Once you accept it, broker employees will determine your trading volume before the withdrawal. And, of course, they can change the demand at any time.
I Lost Money With CapitalCore Scam, What to Do?
If you or someone close to you falls victim to the CapitalCore scam, let us know. Our chargeback experts will be more than happy to assist you in filing a dispute.
Global Fraud Protection has vast experience dealing with scammers and we would love to help you too. Contact us immediately, book a free consultation, and let’s start the process ASAP!
All In All, Don’t Let the Scammers Get Away for Free!
What Is CapitalCore, and Should I Invest Money In It?
BasicalCapitalCore is an unregulated offshore Forex and CFD trading provider. If you have been scammed by the broker, contact us for help with the chargeback procedure.
Does CapitalCore Offer a Demo Account?
CapitalCore offers a Demo account with $10,000 available for platform testing.
What Is CapitalCore Minimum Deposit?
The broker asks for a minimum deposit of $10, but customers are limited to 10 trades only.
Can I Trade Crypto and CFDs With a CapitalCore Broker?
You can trade in both crypto and CFDs, but we recommend that you avoid this offshore firm.