UCapital Broker Scam Review

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Does Trades Capital Offer a Demo Account?

Trades Capital claims to provide a Demo account and risk free trading to its clients, but is this really true?

According to our team’s research, Trades Capital does NOT provide demo accounts. We also found out that they do not rate highly in Google Trends and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free.

Top10BinaryDemo cannot confirm that Trades Capital can offer you a demo account. In order to avoid risking real money you can OR choose from the Top Demo Brokers:

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Trades Capital – Reliable Broker or Scam?

It is a well known fact that when you decide to deal with online Forex trading, it would be better for you to opt for a broker service than for a robot or any other kind of auto-trading system. The main reason for this is that brokerage platforms in general are more reliable and legit income-increasing partners than the other platforms.

However, this doesn’t mean that all available online broker platforms are authentic and trustworthy. There are many scams among this type of online services, too. Therefore, before you sign up to any particular platform, you should better educate yourself about its trading performance and all the features it offers.

Today, we are going to execute inspection on a broker that seems to rapidly increase its overall popularity among the trading society – Trades Capital. Stay tuned to find out whether this platform is legit and profitable profits-amplifying product or a complete scam.

First Look At Trades Capital Brokerage

With the emergence of more and more attractive and interesting solutions for Forex trading, people who are willing to commence such a process by themselves have a really wide choice. Therefore, the developing team of Trades Capital has apparently developed a trading platform that connects the casual investor to capital markets beyond the borders of the past. This area was considered by many people as a complex market that could be handled only be very experienced traders. With its user-friendly and easy to operate interface it is said to take only a few minutes for users to master the trading platform offered by Trades Capital. As a result, investors are promised to compose a solid investment portfolio, available for stock transactions anytime and anywhere.

Sadly, no feedback nor any users’ testimonials are available to confirm this. Therefore, as for now, we are not suggesting that it is real and fully operational on practice. In addition, we don’t get enough details on the implemented trading platform and calculating algorithm, so basically we receive only general talks about it.

TradesCapital Broker Platform – Is It a Scam?

We are not going to say that this Forex broker is a scam. However, we are not going to recommend it to online traders neither. The reason is, that the available information is insufficient so it is really hard for us to decide this debate at this point. Still, we suggest that people find another, more reliable and already proven to be profitable income-increasing online trading platform. The lack of positive users’ testimonials and feedback just makes us believe that there is a good chance for Trades Capital to be just another scam broker and nothing more.

Account Types At Trades Capital

  • Pro Trader – the demanded initial deposit amount for this account type is $500. In additions, traders receive some special features such as 50% welcome bonus, 24/7 Customer Support Center, Daily Market Review, E-Books – Training Guides, Demo Account, Account Manager etc.
  • Auto Trader – traders should invest at least $5,000 in order to get this account. The welcome bonus is 100% and there is also provided access to an automated, hands free trading program.
  • VIP Managed – investors will need to place at least $10,000 to use this account. There are also plenty of additional features they can take advantage of. For the full list, check the website of the platform.
  • Executive VIP – $50,000 is the needed amount of funds here. The sign-up bonus is 150% and the additional services are really many.

Demo and Managed Trading Account

These are 2 additional account types traders can choose, but in order to trade on demo mode, they must invest funds too – at least $250. As for the managed account it gets investors assigned to a Personal Trading Concierge as well as enjoying access to information, ideas, private business clubs, chat rooms, private business and a whole new level of assistance.

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So, if you decide to open a Managed Account with Trades Capital, you are promised to receive exceptional customer service as well as many other benefits such as:

Dedicated VIP Platform

Exclusive VIP Benefits.

Daily Analysis and focus on the details

Personal Broker & Supporting Analyst Team

Conclusion

After our research we concluded that Trades Capital does not provide a demo account.

The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.

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EUCapital Review – 5 things you should know about Eu-capital.co

Beware! EUCapital 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.

EUCapital is a forex brokerage which does not disclose much information about itself. Traders are provided with a web-based trading platform and a wide range of trading products. From the website we gather that potential clients are also extended an extremely generous leverage of up to 1:400 and required to put up a deposit as low as $250 in order to do real-money trading. On the trading platform we saw a spread of 3 pips on EUR/USD which is twice the industry average and in no way favorable for traders.

EUCapital regulation & safety of funds

The website of the brokerage is not very informative, however, after going through the terms of the brokerage we understand that the company behind the operation is registered in the Marshall Islands by the name Gelko Partners LTD. The address is one that we have seen many times while reviewing offshore brokerages. The Marshall Islands is a very attractive location for would-be scammers due to the extremely liberal laws regarding the registering of a firm. You needn’t even physically be there in order to successfully to “register” a company with an address.

Furthermore, even though the stated spread on the website is 2 pips, after testing the web platform – we saw that the actual spread is 1 pip higher.

Such misleading information, coupled with the clear lack of regulatory oversight are all warning signs for traders and reviewers alike. Such irregularities make us suspect that clients will be open to a number of risks.

We urge traders to exclude such risk in trading by only associating with brokers regulated by prestigious regulatory agencies, such as the FCA and CySec, which require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

The segregation of accounts is among the rules which are especially important in the trading world, because it drastically lowers the risk of possible commingling.

Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to swindle traders.

EUCapital deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via Bank Transfer, Credit/Debit Card, Skrill, Neteller, iDeal, GiroPay, Qiwi, AstroPay, PaySafe card. Going through the brokers terms we did not come across any worrisome withdrawal provision, however, judging by all that was laid out above – EUCapital is most likely a scam and scammers usually enjoy charging clients unexpected fees only after they have received their initial deposits.

This is why we remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

One of the reasons regulation has such value in the trading world is because scamming is quite common and it acts as a sort of guarantee that such a thing would not happen. Nevertheless, here is how a typical scam would go about:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or Crypto Revolt where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

It is important here to take notice that both Visa and MasterCard are taking measures to combat unregulated forex brokerages by classifying all forex transactions as high risk. And with the case of EUCapital – they are correct in doing so. Furthermore, supporting their intention with clear actions – MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half. Visa is expected to do the same in December.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

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