Triton Capital Markets has changed several domains in its short history and tried to hide its actual owner. However, we did our job correctly and discovered all about this illicit brokerage and its Bitcoin Circuit trading advertisement.
So, if you have seen one of those, read this honest Triton Capital Markets review until the end before taking action.
|Broker status:||Offshore Broker (Scam Broker)|
|Regulated by:||Unlicensed Brokerage (No Regulation)|
|Scammers Websites:||TritonCapitalMarkets.com and TCapitalTrading.com|
|Operating Status:||Forex Trading Scam|
|Blacklisted as a Scam by:||FCA (UK), FMA, CNMV, CMVM (Spain) and CONSOB (Italy)|
|Broker Owner:||Karello D Buro LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Trading Platforms:||WebTrader|
|Cryptocurrencies (Crypto Assets):||Available|
|Available Trading Assets:||Forex (FX), Commodities, Indices, Shares, Cryptocurrencies|
|Islamic Account:||Not Available|
|Free Demo Account:||No|
|Accepts US clients:||US traders are not accepted|
Triton Capital Markets Regulation and Licensing
Despite its desperate attempts to hide the owner, we found that the brand belongs to Karello D Buro LLC from Saint Vincent and the Grenadines. In addition, another entity, Karello D Buro KFT in Hungary, serves as a paying agent.
Even more, once we ran a check and tried to verify if company is regulated, we found many warnings.
Questions about Triton Capital Markets License – Reputation Problems
Besides, it’s not just that Triton Capital Markets regulation doesn’t exist in SVG, we couldn’t find it in Europe either. Since the biggest targets of the Triton Capital Markets scam are the UK, Austria, and Germany, we’ve checked their regulators. And, of course, found nothing.
Scam Warnings Against Triton Capital Markets
However, while looking at this trading company regulation, we’ve come across several warnings against the brokerage.
Warning issued by FCA
The UK FCA published an official note against Triton Capital Markets broker, stating that anyone who has been scammed cannot receive compensation from the FSCS fund. Therefore, clients should look for alternative money-back methods.
Triton Capital Markets Reviews – Trading Opportunity or Forex Scam?
While on the main page, the broker claims to offer commission-free services, checking the Deposits and Withdrawals tab showed us that there is a 5% commission for deposits and withdrawals using credit cards. Also, the broker charges a dormant fee on any account. Besides, it’s offering a bonus on any deposit, as every good offshore scammer. This bonus comes with specific terms written in so-called “small letters” and usually means you won’t be able to withdraw your funds until you reach an impossible rollover.
Based on Triton Capital Markets reviews, the broker is harassing clients with thousands of phone calls just to block their accounts once they ask for withdrawals.
I was in contact with Triton for about 1 month and we agreed to make a withdrawal on the 31st. Now they called me and said I couldn´t withdraw any money. And my broker didn´t have the guts to call me so he made another guy call instead.Scammed trader
Triton Capital Markets Trading Platform Review – Trading Software
As an offshore brokerage, broker trading platform is a basic proprietary web trader with no special features. Here’s what we found out about it.
Triton Trade Station
A while ago, the broker was offering an MT4 before developing its Triton Trade Station or TTS platform. This platform is a web trader with several indicators attached to a chart. Since it’s well-known that brokers are using proprietary platforms to change market prices and scam clients, you should be aware. Always look for a broker that offers MetaTrader since it’s the most secure platform out there.
Besides the issue with the platform itself, this broker offers leverage of up to 1:400 and an unknown spread.
Triton Capital Markets Trading Instruments – What Can I Trade?
After reviewing Triton Capital Markets’ reviews and website, we can only tell there are 120 assets available. These assets include:
- Currency pairs
When it comes to a specific number of assets and their diversity, we have no information, which makes this broker even less desirable. As if it was possible.
- Also, you may like our recently updated AlpsMarkets and PrimeXBT reviews. We encourage you to read them!
Spreads and Fees
As mentioned, the spread is yet another thing we cannot find anywhere on the broker’s website. Regarding fees, there’s 5% of commission on debit/credit card withdrawals and deposits. Besides, clients will have to pay a dormant fee of $100 if less than 3 positions were opened during a 30-days period.
Triton Capital Markets Trading Accounts – Account Types
Company sure did pay attention to their money. The broker listed 7 different account types, including:
- Basic account
- VIP account
All these accounts differ in the amount of money necessary to start, leverage, managed account services, and so-called risk-free trades. Since nobody can predict the market with absolute certainty, you can see how these trades are a fake promise of Triton Capital Markets financial advisers to extort more money from innocent victims.
Triton Capital Markets Demo Account
Unfortunately, this trading platform doesn’t offer its clients a Demo account, meaning that if you want to test the platform, you’ll have to start a Live account.
Triton Capital Markets Deposit and Withdrawal Methods – Payment Options
Additionally, Triton Capital Markets minimum deposit is $250 and can be made via:
- Visa/Mastercard (debit, credit, and prepaid)
- Wire transfer
Yes, we do agree that it is a poor choice. However, it’s safe. When depositing using your credit card, it’s a straightforward process to get your money back via the chargeback process.
The same methods are available for withdrawals with a 5% commission on a card. Apparently, deposits and withdrawals made via wire transfer are free of charge.
Triton Capital Markets Withdrawal Issues – Unable to Withdraw Funds
Dealing with offshore brokers comes with certain risk – fund withdrawal issues. Since the broker doesn’t belong under any regulatory jurisdiction, it’s not hard to think of why they do not follow any rules and refuse to pay the money back.
If you have already deposited money with Triton Capital Markets and cannot get it back, contact our experts for help.
Scammed by Triton Capital Markets Broker? – Talk to Our Experts!
Finally, since the broker only allows depositing via card and bank transfer, getting your money back is doable through a chargeback. It’s a bank procedure for reversing the transaction. However, to be approved for such, you need to provide sufficient evidence.
Contact our support via online chat, book your free consultation and get all the information related to the chargeback process. Let’s get your money back today!
Don’t Let the Scammers Go Away for Free!
What is Triton Capital Markets, and Should I Invest Money in it?
In fact, this is an offshore trading brokerage blacklisted all over Europe. You should definitely not invest your money there.
Is Triton Capital Markets regulated and licensed?
The broker is not regulated for providing financial services. Instead, it’s blacklisted in the UK, Austria, Spain, Portugal, and Italy.
Is Triton Capital Markets legit or a scam?
With 5 regulatory warnings against it, this company is an enormous scam. Think twice before taking any risks while investing money!
Are My Funds Safe with Triton Capital Markets?
Since the broker has been blacklisted all over Europe, your funds are not safe with it.
Which trading platforms are supported by Triton Capital Markets Broker?
The broker only supports a proprietary WebTrader called Triton Trade Station.