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    CAPPMOREFX: The Dark Side of Forex Trading

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    CAPPMOREFX is a forex broker that claims to offer a variety of trading services, including copy trading, market analysis, and education. However, there are many red flags that suggest that CAPPMOREFX is a scam.

    Company Overview

    CAPPMOREFX is a relatively new broker, having been founded in 2022. The company is registered in Saint Vincent and the Grenadines, which is a well-known offshore financial center. This means that CAPPMOREFX is not subject to any regulation by a major financial authority.

    Does CAPPMOREFX Have Any License?

    CAPMOREFX, CAPMOREFX scam, CAPMOREFX review, CAPMOREFX reviews 2023, CAPMOREFX news, CAPMOREFX update,

    They claim they are operating in several locations such as Hong Kong, Malaysia, India, etc. However, they did not provide any license information to prove that they are licensed to operate in these countries.

    Is CAPPMOREFX Regulated By Any Authority?

    CAPPMOREFX claims to be regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, the FSA is not a reputable regulator and does not have a good track record of protecting investors.

    Also, they claim that they are operating in London, so they should have regulation from FCA, but they have not.

    Pros and Cons

    Pros:

    • The minimum deposit is relatively low at $250.
    • There are a variety of educational resources available to traders.

    Cons:

    • CAPPMOREFX is not regulated by any major financial authority.
    • There have been reports of withdrawal problems and customer support issues.
    • The spreads and commissions are relatively high.

    How Does CAPPMOREFX Reach To Their Prey?

    CAPPMOREFX targets new traders who are looking for a way to make money in the forex market. The broker uses a variety of methods to reach these traders, including:

    • Advertising on social media and online forums.
    • Offering free trading signals and webinars.
    • Cold calling potential traders.

    Technical Details 

    Minimum Deposit:

    The minimum deposit for a CAPPMOREFX account is $300.

    Trading Platform:

    CAPPMOREFX uses the MT4 trading platform. MT4 is a popular and well-respected platform that is used by traders around the world.

    Spread:

    The spreads on CAPPMOREFX are relatively high. The average spread for the EUR/USD pair is 1.5 pips.

    Leverages:

    CAPPMOREFX offers leverage up to 1:100. This means that you can control a position worth $100,000 with a deposit of just $1,000. However, high leverage can also magnify losses, so it is important to use it with caution.

    Packages and Products They Offer

    CAPPMOREFX offers a variety of packages and products, including:

    • A basic account that offers access to the MT4 platform and live market data.
    • A premium account that offers additional features, such as access to expert advisors and educational resources.
    • A copy trading service that allows you to copy the trades of experienced traders.

    Withdrawal and Deposit Method

    CAPPMOREFX offers a variety of withdrawal and deposit methods, including:

    • Bank wire transfer
    • Credit card
    • Debit card
    • E-wallet

    What Do Their Previous Traders Say?

    There are many negative reviews of CAPPMOREFX online. Traders have complained about withdrawal problems, customer support issues, and misleading advertising.

    Summing Up- Why Should Not You Trust CAPPMOREFX

    There are many reasons why you should not trust CAPPMOREFX. The broker is not regulated by any major financial authority, there have been reports of withdrawal problems, and the spreads and commissions are relatively high. If you are looking for a safe and reliable forex broker, CAPPMOREFX is not the right choice.

    If Bad Things Happen, Where Can You Get The Quick Solution?

    If you have lost money with CAPPMOREFX, you may be able to get your money back through a chargeback or by filing a complaint with a financial regulator. You can also contact a Forex Recovery Service for help.

    If you have lost money to CAPPMOREFX, you may be able to get your money back with the help of a recovery service. However, there are also many recovery scam companies out there, so you could be scammed again.

    We offer a two-in-one solution. When you submit your case to us, you will receive a free consultation and recommendations for recovery services. This will help ensure that you do not get scammed again and that you get the professional help you need to recover your money.

    File A Complaint Against Scam Broker's

      Final Thoughts

      CAPPMOREFX is a scam broker that should be avoided. If you are considering trading with this broker, we advice you to reconsider. There are many legitimate forex brokers out there that offer better services and lower risks.

      You Can Read Our Other Scam Reviews

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      Kenneth Williamson

      Kenneth Williamson

      Kenneth Williamson serves as the primary news writer at BCA, bringing his expertise in online marketing to produce high-quality industry coverage. His unwavering commitment to helping individuals and businesses succeed in the digital realm is evident in his writing. Additionally, Kenneth provides top-notch technical SEO and copywriting services to businesses of all sizes.

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