VirtusCapital seems to have a decent website, attractive to the eye. The legal documents provide no sign of regulation or license, which holds the primal importance. There is no info on the owning company either.
Despite being deceptively convincing at first glance, the broker is actually another unlicensed fraud. This VirtusCapital review closely examines the particularities of their unscrupulous scheme.
What is more, we strongly advise you not to invest inWinnex Consulting,Limit MarketsandCloxyieldsfraudulent brokers.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | virtuscapital.world |
| Blacklisted as a Scam by: | AMF |
| Owned by: | N/A |
| Headquarters Country: | N/A |
| Foundation year: | 2021 |
| Supported Platforms: | MT5 Demo |
| Minimum Deposit: | 250 USD |
| Cryptocurrencies: | Yes (BTC, ETH, LTC) |
| Types of Assets: | Forex, Crypto, Stocks, Commodities |
| Maximum Leverage: | 1:200 |
| Free Demo Account: | No |
| Accepts US clients: | No |
Is it Safe to Trade With VirtusCapital Broker?
Since we could not find any proof of regulations, we strongly advise you not to invest with VirtusCapital. Terms and Conditions only mention the jurisdiction of the Polish court. If the broker was situated and regulated there, they’d appear in the KNF register. However, they do not.
We have checked the databases of other leading regulators like FCA, CySEC, BaFin, ASIC, IIROC, AMF. VirtusCapital shows up in none, except in the form of a scammer warning by AMF.
Conclusion is that VirtusCapital does not comply with regulatory standards and MiFID rules. The broker cannot guarantee safety of funds, AML measures, enhanced privacy protection and transparency.
Why Is Trading On a Licensed Broker’s Platform Preferable?
Most regulated brokers offer far better trading conditions and realistic chances of profit. Investing with a fraudulent broker only puts your funds and privacy at risk.
Licensed brokerage companies are fully transparent, unlike the shady, anonymous scammers. Trading on a licensed broker’s platform is safe and user friendly to every pro trader or beginners.
Is VirtusCapital a Licensed Broker Or A Fraud?
VirtusCapital is a completely unlicensed broker. Without any proof of being regulated, along with the warning issued by the French regulator – AMF, this company is another phony broker with no license.
Warnings From Financial Regulators
One of the leading EU regulators, the French financial authority AMF has blacklisted VirtusCapital as a scammer.
Apparently the broker is not authorized for offering financial services as well as transactions. When a regulatory body blacklists a site, it’s a red flag to avoid them.
What Trading Software Does the VirtusCapital Broker Offer?
It was quite a surprise to see VirtusCapital actually offering a functional MT5. However, upon downloading, you quickly realize all you have is a demo version linked from the MetaQuotes site.
VirtusCapital does not have a dedicated MT5 server. Just offering this demo version does not make VirtusCapital nearly legit.
PC Version
As mentioned, VirtusCapital does allow MT5 download for desktop. But all you will get is the demo version. It is installed quickly and easily. Considering it comes from the developers site, you don’t need a fake broker linking you to the download.
WebTrader
It doesn’t look like VirtusCapital provides a web based trading terminal. Clicking the link for the web trader takes you to the depositing area. From here you can either deposit or download the mentioned demo version. Trading from a browser based platform is not possible.
Mobile App
Users are given Google and Apple store links. These download links are from the MetaQuotes store. If you wanted to download mobile apps, you wouldn’t need VirtusCapital linking you. The apps have nothing to do with this broker concretely.
VirtusCapital Accounts Overview
The following account types are available to choose from at VirtusCapital:
- Newbie – $250
- Standard – $2 500
- Golden – $7 000
- VIP – $30 000
Demo accounts, corporate accounts or swap-free Islamic accounts are not available.
Also, remember the names of the ProgresiveTrade, Aiko Markets and Tedex trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Negative Balance Protection
VirtusCapital promises users protection from unexpected losses. One of the ways of ensuring that is implementing the negative balance protection method.
Most regulated brokers are obligated to have this measure. Promises coming from VirtusCaoutal shouldn’t be easily trusted, this site is an unregulated scam after all.
What Is Known About VirtusCapital’s Trading Conditions?
The Newbie account offers max leverage of 1:50, while the VIP account includes max leverage of 1:200. There are mentions of tight spreads but they’re not precise. Trading instruments available are forex, crypto, stocks, commodities.
Clients can deposit via credit/debit cards, bank wire transfer and crypto wallet. However, the only allowed way of depositing from the user area is crypto! There’s allegedly no fees on deposits and withdrawals, which take 4 to 7 working days to process.
Various bonuses are available, including the deposit bonus, promotions and awards but they’re not revealed. However, it is mentioned they’re not subject to withdrawals and can only be claimed after trading volume of x25 of the deposit and bonus amount is reached.
Scammed by VirtusCapital Broker? – Let Us Hear Your Story
Have you had experience with VirtusCapital? Please let us know what it was!
There is no shame in speaking up about being scammed. Share your knowledge with us and help us warn more traders. The more people informed, the less chance for VirtusCapital to rob someone again.
We can assist you in reporting the phony. Getting help as soon as possible will increase your chance of getting a proper refund.
But What Is A Chargeback?
Chargeback is the process of attempting to retrieve your funds from a fraud like VirtusCapital. If you require help doing it, contact us for assistance.
Here you can book a free consultation and find out what to do for a start. Contacting your bank is of crucial importance, as well.
Experienced unscrupulous scammers tend to stay anonymous and get away with cyber theft they have committed. We strongly advise you to act fast.