Blockfitcapital is a forex and CFD broker that claims to offer a variety of trading products and services. However, there are a number of red flags that suggest that Blockfitcapital is a scam broker.
Company Overview
Blockfitcapital is a relatively old broker according to their website. They mentioned that they were established in 2009. Their mentioned team members seem professional. So, we tried to search for them and we found this.
All these links mean their vice president’s image is coming from stock images. This clearly indicates that this company is a clear scam.
Does Blockfitcapital Have Any License?
No, Blockfitcapital does not have any licenses or regulations from any reputable financial authority. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. This makes it more likely that Blockfitcapital will engage in fraudulent activity.
Is Blockfitcapital Regulated By Any Authority?
No, Blockfitcapital is not regulated by any authority. When we tried to find their office address to find the regulatory body. But, the funny thing is, their Contact Us page is showing 404-not found.
Pros and Cons
Pros:
- Hard to find their pros
Cons:
- The broker is not licensed or regulated.
- There are a number of negative reviews about the broker online.
- The broker has been accused of being a scam.
How Does Blockfitcapital Reach To Their Prey?
Blockfitcapital uses a variety of methods to reach out to potential victims. These methods include:
- Online advertising: Blockfitcapital advertises its services on a variety of websites, including social media and financial news websites.
- Cold calling: Blockfitcapital employees make cold calls to potential victims, often posing as financial advisors.
- Spam emails: Blockfitcapital sends spam emails to potential victims, often offering them free trading signals or other incentives.
Technical Details
Minimum Deposit:
We are not clear about the minimum deposit amount for them.
Trading Platform:
According to the online forums, Blockfitcapital uses the MetaTrader 4 trading platform. MetaTrader 4 is a popular and well-respected trading platform, but it is important to note that it can also be used by scam brokers.
Spread:
The spreads at Blockfitcapital are not specified on the broker’s website. This is a red flag, as it makes it difficult to compare Blockfitcapital’s spreads to those of other brokers.
Leverages:
The leverages offered at Blockfitcapital are not specified on the broker’s website. This is another red flag, as it makes it difficult to assess the risks involved in trading with Blockfitcapital.
Packages and Products They Offer
Blockfitcapital offers a variety of trading products and services, including:
- Forex trading
- CFD trading
- Cryptocurrency trading
- Social trading
- Education and training
Withdrawal and Deposit Method
Blockfitcapital offers a variety of withdrawal and deposit methods, including:
- Credit cards
- Debit cards
- Wire transfers
- eWallets
What Do Their Previous Traders Say?
There are a number of negative reviews about Blockfitcapital online. These reviews allege that the broker is a scam and that it has stolen money from its clients.
Summing Up- Why Should Not You Trust Blockfitcapital
There are a number of reasons why you should not trust Blockfitcapital. These reasons include:
- The broker is not licensed or regulated.
- There are a number of negative reviews about the broker online.
- The broker has been accused of being a scam.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Blockfitcapital, you can try to get your money back by filing a complaint with the Financial Regulatory bodies. You can also contact us to get a quick consultation. Our experts will provide you with a free consultation and service recommendations. Also, we will provide you with some of our premium educational material.
File A Complaint Against Scam Broker's
Final Thoughts
Blockfitcapital is a scam broker. Do not invest with them. If you have already invested with them, try to get your money back as soon as possible.
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