Capescap is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that Capescap is a scam broker.
Company Overview
Capescap is a relatively new broker, having been founded in 2022. The company is registered in Seychelles, but it does not have any licenses from any reputable financial regulatory authorities. This is a major red flag, as it means that Capescap is not subject to any oversight or regulation.
Does Capescap Have Any License?
No, Capescap does not have any license from any reputable financial regulatory authority. This is a major red flag, as it means that Capescap is not subject to any oversight or regulation.
Is Capescap Regulated By Any Authority?
No, Capescap is not regulated by any authority. This is another major red flag, as it means that Capescap is not subject to any oversight or regulation.
Pros and Cons
Pros:
- Capescap offers a wide range of trading products, including forex, CFDs, and cryptocurrencies.
- Capescap offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5.
- Capescap offers a demo account that allows you to practice trading without risking any real money.
Cons:
- Capescap is not licensed by any reputable financial regulatory authority.
- Capescap has a history of complaints from users.
- Capescap is not transparent about its fees and charges.
How Does Capescap Reach To Their Prey?
Capescap uses a variety of methods to reach out to potential victims. These methods include:
- Advertising on social media and other websites.
- Cold calling potential victims.
- Offering free trading signals or courses.
Technical Details
Minimum Deposit:
The minimum deposit requirement for Capescap is $250.
Trading Platform:
Capescap offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5.
Spread:
The spread on Capescap is variable, but it is typically around 1 pip.
Leverage:
The maximum leverage offered by Capescap is 1:500.
Packages and Products They Offer
Capescap offers a variety of packages and products, including:
- A standard account with a $250 minimum deposit.
- A VIP account with a $5000 minimum deposit.
- A demo account that allows you to practice trading without risking any real money.
Withdrawal and Deposit Method
Capescap offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers.
What Do Their Previous Traders Say?
There are a number of complaints about Capescap online. These complaints allege that Capescap is a scam broker that steals money from its customers.
Summing Up- Why Should Not You Trust Capescap
There are a number of reasons why you should not trust Capescap. These reasons include:
- Capescap is not licensed by any reputable financial regulatory authority.
- Capescap has a history of complaints from users.
- Capescap is not transparent about its fees and charges.
- Capescap uses aggressive marketing tactics to lure in unsuspecting victims.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Capescap, you may be able to recover your funds with the help of a specialized forex recovery service. These services have a proven track record of helping victims of forex scams get their money back.
File A Complaint Against Scam Broker's
Final Thoughts
Capescap is a scam broker that should be avoided. If you are considering trading with Capescap, I urge you to reconsider. There are many legitimate forex brokers out there that you can choose from. There is no need to risk your money with a scam broker like Capescap.
If you have any further questions about Capescap or forex scams in general, please do not hesitate to contact me. I am happy to help.
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