CapitalCore is a newly established brokerage on the financial market, providing Forex and CFD trading. The firm claims to be licensed and provides services to US citizens. Thus, it should be fully regulated. Read our CapitalCore review to learn about the scam they’re conducting.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | capitalcore.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | CapitalCore LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2022 |
| Supported Platforms: | MT5, WebTrader |
| Minimum Deposit: | $10 |
| Cryptocurrencies: | No |
| Types of Assets: | FX, stocks, futures |
| Maximum Leverage: | 1:2000 |
| Free Demo Account: | Yes |
| Accepts US clients: | Yes |
What About CapitalCore Regulation?
CapitalCore is a brand of CapitalCore LLC, based in Saint Vincent and the Grenadines. The firm was registered in November 2021, while the website is officially operating as of 2022.
Knowing that SVG has no financial regulator, we checked several Tier1 registers. Since the company accepts US citizens, it should be regulated by the CFTC or any relevant US authority body.
The firm announced on its website that it’s regulated by the IFSA. IFSA stands for Islamic Financial Services Act, a regulation of Islamic financial institutions. Thus, it cannot be applied to CapitalCore, since it’s an offshore brokerage and doesn’t even provide an Islamic account.
On top of that, we want to invite you to read our recently updated reviews of the scam brokers Arkcoin, MetaversesWorld and HotTrades. Be careful with these brokers.
Why Is It Important For A Broker To Be Licensed?
Brokers must be licensed so they can prove they follow regulatory rules and keep your funds safe. For instance, US regulators require financial firms to have a minimum capital of $20 million to reimburse potential victims.
Since CapitalCore is not regulated in any country, there’s no money-back guarantee.
Traders Reviews of CapitalCore
CapitalCore reviews suggest avoiding the firm. Apparently, while you’re depositing the funds, everything goes smoothly. However, if you decide to request a withdrawal, you won’t be able to reach anyone besides bot chat support. The account manager will simply avoid you and even block your investment account.
So Is CapitalCore a Decent Broker or a Scam?
CapitalCore is a scam brokerage. The firm is based offshore, has no license to provide financial services, and has a consumer rating 1. Thus, we advise you to avoid it.
What Kinds of Platforms Does CapitalCore Provide? – Available Trade Software
CapitalCore provides an MT5 and WebTrader. Normally, this would be a terrific offer, as there’s something for everyone. But don’t forget that we’re dealing with an unregulated offshore scheme. While the platform may be good, trading conditions certainly aren’t, and neither is the broker’s behavior towards investors.
The CapitalCore MT5 Platform – Available For All Operating Systems
One good thing about MT5 is that it’s available for all systems. You can use it on Windows, Mac, Android, and iOS devices.
CapitalCore WebTrader Platform
If you’re not a fan of app installation and downloading, you can instead use WebTrader.
All About CapitalCore Accounts
There are several CapitalCore account types:
- Classic – $10
- Silver – $1,000
- Gold – $5,000
- VIP – $10,000
The main difference is in the spread, leverage, and maximum lot size.
CapitalCore Broker – Countries Of Service
The main targets of CapitalCore broker are the residents of:
- US
- South Africa
- Australia
- Canada
CapitalCore Range of Trading Instruments & Markets
This firm provides access to only 3 markets, including:
- Forex – EUR/USD, GBP/USD
- Shares – Apple, Amazon, Google
- Futures – NASDAQ, gold, Dow Jones
There are no indices or cryptocurrencies, which is a big disadvantage.
At the same time, avoid scammers such as VNSmart, Invest Flow and Fin Venture. If possible, tell us about your scam experience.
CapitalCore Minimum Deposit
CapitalCore requires a pretty low initial deposit of $10. However, it doesn’t stop there. Once you invest, account managers will constantly push you to upgrade your account and pay more funds. There’s no reason to risk even a penny with an unregulated firm when you get even more opportunities with legitimate brokers.
CapitalCore Unfavorable Trading Conditions
Since the broker is not regulated, it determines its own trading conditions. And these are certainly not in your favor.
High Leverage Is Unsafe
While the EU and UK regulators have a leverage limit of 1:30 for the Forex market in the US, this limit is 1:50. At the same time, CapitalCore broker allows up to 1:2000. Your funds are at 40 times higher risk than any regulator would allow. And yes, we find it dangerous and unnecessary.
CapitalCore Deposit, Withdrawal Methods, and Fees
The broker allows several payment methods, including:
- PayPal – for fully verified clients
- PerfectMoney
- Cryptocurrencies – with up to 10% discount
Cryptocurrency Deposit Risk
As you can conclude, this 10% discount is just a lure to make you transfer funds via crypto as these transactions are encrypted and hard to track. That way, the broker ensures that whatever they steal won’t be retrieved.
Scammed by CapitalCore Broker? – Let Us Hear Your Story
CapitalCore is a fraudulent firm. If you fall for their scam, let us know. It’s easy to trust their well-practiced story, so don’t beat yourself over it. Contact us via online chat to book a free consultation; tell us what happened, and we may be able to assist with a chargeback procedure.
But What Is A Chargeback?
This is a way for your bank to recover the funds stolen from you. Get in touch right away, and let’s get back your funds before it’s too late!