Catrade Capital is a forex and CFD broker that has been accused of being a scam by many traders. The company claims to be regulated by the Financial Conduct Authority (FCA) in the UK, but this is not true. Catrade Capital is not licensed by any reputable financial regulator, and there is no evidence that the company is legitimate.
Company Overview
Catrade Capital is a relatively new company, having been founded in 2022. The company claims to be based in London, but its website is registered in Belize. This is a red flag, as Belize is a known offshore tax haven with lax financial regulations.
Does Catrade Capital Have Any License?
No, Catrade Capital does not have any license from any reputable financial regulator. The company claims to be regulated by the FCA in the UK, but this is not true. The FCA has issued a warning against Catrade Capital, stating that the company is not authorized to operate in the UK.
Is Catrade Capital Regulated By Any Authority?
No, Catrade Capital is not regulated by any reputable financial authority. The company claims to be regulated by the Belize International Financial Services Commission (IFSC), but this is not a reputable regulator. The IFSC is known for being lax and for allowing unregulated companies to operate.
Pros and Cons
Pros:
- None
Cons:
- Not licensed by any reputable financial regulator
- FCA has issued a warning against the company
- Numerous complaints from traders about being scammed
- Poor customer service
How Does Catrade Capital Reach To Their Prey?
Catrade Capital uses a variety of methods to reach out to potential victims, including:
- Cold calling
- Email marketing
- Social media advertising
- Paid search engine advertising
The company’s marketing materials typically promise high returns on investment and easy-to-use trading platforms. However, these promises are false. Catrade Capital is a scam broker that is only interested in stealing your money.
Technical Details
Minimum Deposit:
The minimum deposit at Catrade Capital is $250. This is relatively low compared to other brokers, but it is important to remember that Catrade Capital is a scam broker. You should not deposit any money with this company.
Trading Platform:
Catrade Capital offers its own proprietary trading platform. The platform is basic and user-friendly, but it is not very reliable. Traders have reported experiencing frequent technical problems with the platform.
Spread:
The spreads at Catrade Capital are high. This means that you will make less money on your trades.
Leverages:
Catrade Capital offers high leverage levels. This can be dangerous, as it can amplify your losses.
Packages and Products They Offer
Catrade Capital offers a variety of trading products, including:
- Forex
- CFDs on stocks
- CFDs on indices
- CFDs on commodities
- CFDs on cryptocurrencies
Withdrawal and Deposit Method
Catrade Capital offers a variety of deposit and withdrawal methods, including:
- Credit cards
- Debit cards
- Bank transfers
- E-wallets
What Do Their Previous Traders Say?
There are numerous complaints from traders about Catrade Capital online. Traders have accused the company of being a scam and of stealing their money. Many traders have also reported having difficulty withdrawing their funds from Catrade Capital.
Summing Up- Why Should Not You Trust Catrade Capital
There are many reasons why you should not trust Catrade Capital. The company is not licensed by any reputable financial regulator, and it has been accused of being a scam by numerous traders. Catrade Capital also offers high spreads and leverage levels, which can be dangerous for traders.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been scammed by Catrade Capital, there are a few things you can do. First, you should file a complaint with the FCA. The FCA may be able to help you recover your lost funds. Second, you can also contact a fraud recovery specialist. There are a number of companies that specialize in helping victims of investment fraud.
File A Complaint Against Scam Broker's
Final Thoughts
Catrade Capital is a scam broker that you should avoid at all costs. The company is not licensed by any reputable financial regulator, and it has been accused of being a scam by numerous traders. If you are looking for a legitimate forex and CFD broker, there are many other options available.
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