Capartners LTD is one of many offshore brokers established during 2021 in Saint Vincent and the Grenadines. Since the FSA declared itself unauthorized for Forex and binary options firms, fraudulent brokers see it as an opportunity to operate from a technical grey zone. Our Capartners LTD review explains it all.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | capartners.ltd |
| Blacklisted as a Scam by: | N/A |
| Owned by: | Incandecent Consulting LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | No |
| Types of Assets: | Forex, commodities, indices, shares |
| Maximum Leverage: | 1:100 |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
What About Capartners LTD Regulation?
Capartners LTD is a brand of Incandecent Consulting LLC, registered in 2021 in Saint Vincent and the Grenadines. Since the FSA officially announced that it wouldn’t be regulating Forex and binary options firms, these should opt for a license in the country of service.
Thus, Capartners LTD regulation should come from the Tier1 zone and regulators such as FCA, ASIC, and BaFin.
Why Is It Important For A Broker To Be Licensed?
If you want to be sure that your broker won’t just lose your funds or announce that it’s insolvent while the owners will enjoy the money, then you need a licensed brokerage. Preferably, it’ll be licensed in the Tier1 zone, with strict rules and significant compensation funds.
Since Capartners LTD didn’t follow the FSA order and didn’t opt for a license, this broker is illicit, and your funds are at risk.
Furthermore, unregulated brokers such asFinvis,K7 Trade, andFibofixshould be avoided if possible.
So Is Capartners LTD a Decent Broker or a Scam?
Capartners LTD is not a legitimate broker. The firm is registered offshore and doesn’t hold any license. The consumer index is 1, indicating that you shouldn’t trust the website or the company.
Traders Reviews of Capartners LTD
Instead of explaining how traders feel, we will show you an example of the broker reviews.
“Totally a big scam, do not even think of putting a penny in this false company, poorly organized, non-existent emails, they never return the money. AVOID IT AT ALL COSTS”
– Trustpilot Customer
What Platforms Does Capartners LTD Offer? – Available Trade Software
The broker offers a proprietary WebTrader. Like many similar firms, this one is not trying too hard to compete and do what’s best for customers. Instead of offering reputable software such as MT4 or MT5, the firm gives an unbranded attempt of a trading platform. It can belong to just about any firm, and you won’t know who has access to your funds.
Absolutely no reason to consider investing with the trading company whatsoever.
All About Capartners LTD Accounts
If you’re still interested in Capartners LTD, here’s the overview of account types and the minimum deposit.
Accounts differ in leverage, spread, asset limit, maximum order size, and initial deposit.
Also, remember the names of the trading fraudsLiraFX,CupiroandIndexEvolvetrading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!
Capartners LTD Broker – Countries Of Service
As per our review, the broker mainly operates in:
- Poland
- Italy
- Spain
However, this firm has no financial license and no authorization to provide any kind of financial services. Thus, the best thing you can do is to avoid scammers and save yourself a headache.
Capartners LTD Minimum Deposit
The firm requires a basic minimum deposit of $250. However, investing funds with illegal firms is never recommended. You can start an account with a legitimate firm and probably be offered a Micro account where the initial deposit is $10. That way, you will be sure that you’re trading with the right firm and won’t risk as much.
Trade Bonuses – Methods Of Fraud
Another thing scam brokers use to defraud clients is bonuses. While regulators forbid them, fraudsters don’t care much. Their utmost goal is extorting funds and ensuring that customers won’t be able to get them back.
For instance, if you accept any of the Capartners LTD bonuses, you won’t be able to submit a withdrawal request before reaching a rollover of 25 times the deposit plus the bonus amount.
Capartners LTD Trading Conditions
Usually, scam brokers decide on their own trading conditions, not following any rules and not complying with any standards.
Leverage And Spreads
Investing with the firm is neither lucrative or smart. The spread with this firm is fixed at 3 pips for EUR/USD pair, which is significantly higher than other firms charge. The leverage is unregulated and goes up to 1:100, while EU and UK regulators have set a limit of 1:30 for the Forex market and even lower for other assets.
Capartners LTD Deposit, Withdrawal Methods, and Fees
The firm claims to accept wire transfers and credit cards under its Terms and Conditions. The reality is that once you sign up, you will be asked to deposit in crypto. Note that crypto transactions are hard to track, and the firm can easily vanish with your funds.
Also, there are allegedly no fees for money transfers or withdrawals, which means that this firm is not interested in legitimate profits, but your entire deposit.
Scammed by Capartners LTD Broker? – Let Us Hear Your Story
If you were scammed by Capartners LTD or a similar bogus firm, let us know. Our chargeback specialists will be more than happy to evaluate your case during a free consultation to help you with the recovery plan.
But What Is A Chargeback?
A chargeback is a way for your bank to recover the funds, depending on the payment method you have used. Contact us via online chat for more details, and let’s act before it’s too late.