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Triton Capital Markets

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://tritoncapitalmarkets.com/

Website

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Contact

+442045251255
support@tritoncapitalmarkets.com
https://tritoncapitalmarkets.com/
First Floor, First St. Vincent Bank Ltd Building James Street, Kingstown St. Vincent & The Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Disclosure

Danger

FR AMF
2021-03-14

Contact number

English

+442045251255

Broker Information

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Company Name

Triton Capital Markets

Company Abbreviation

Triton Capital Markets

Platform registered country and region

Saint Vincent and the Grenadines

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Triton Capital Markets · Company Summary

Note: Since Triton Capital Markets official site (https://tritoncapitalmarkets.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

Aspect Information
Registered Country/Area Saint Vincent and the Grenadines
Founded Year 2-5 years
Company Name Triton Capital Markets
Regulation Not regulated
Minimum Deposit $250
Maximum Leverage Up to 1:400
Spreads Not available
Trading Platforms Triton Trade Station (proprietary), MetaTrader4, MetaTrader5
Tradable Assets Currency pairs (Forex), Commodities, Indices, Shares, and Cryptocurrencies
Account Types Basic, Bronze, Silver, Gold, Premium, Platinum, and VIP
Customer Support Phone and Email
Payment Methods Visa/Mastercard (debit, credit, prepaid), Wire transfer, and Bitcoin
Educational Tools Not mentioned

Overview of Triton Capital Markets

Triton Capital Markets is an alleged forex and CFD broker based in Saint Vincent and the Grenadines. Triton Capital Markets offers a range of market instruments, including currency pairs, commodities, indices, shares, and cryptocurrencies. The broker offers a web-based trading platform and provides clients with a choice of seven different account types.

However, there are concerns about the legitimacy of Triton Capital Markets, as it has been associated with scam-like practices. The broker claims to offer commission-free services but charges a 5% commission for deposits and withdrawals using credit cards. Additionally, there are dormant fees and bonus offers with restrictive terms that make it difficult to withdraw funds. The broker's website lacks transparency regarding spreads and fees, and the trading platform offered is a proprietary web trader with limited features. It is advisable to exercise caution and consider alternative reputable brokers.

Is Triton Capital Markets legit or a scam?

Triton Capital Markets is a brokerage firm that claims to offer commission-free services on its main page. However, upon further investigation, it becomes apparent that there is a 5% commission for deposits and withdrawals made using credit cards. Additionally, the broker charges a dormant fee on any account.

Furthermore, Triton Capital Markets promotes a bonus on deposits, which is a common tactic used by offshore scammers. It is important to note that such bonuses often come with specific terms and conditions, typically hidden in fine print, which can make it nearly impossible for traders to withdraw their funds until they meet an unrealistic rollover requirement.

It is strongly advised to exercise caution and avoid falling victim to the Triton Capital Markets scam. Similarly, it is recommended to exclude FXGM, Finexico, and Gloffix from the list of potential brokers to trade with. Taking these precautions will help protect your financial resources, mental well-being, and valuable time.

Pros and Cons

Triton Capital Markets offers a wide range of market instruments, allowing traders to diversify their investment portfolio. They also provide multiple live trading accounts for different levels, catering to both novice and experienced traders. The availability of contact options via telephone, email, and social media ensures responsive customer support. Additionally, the platform offers multiple user-friendly trading platforms, providing flexibility to users.

However, it is important to note that Triton Capital Markets is not regulated, which raises concerns about the safety and security of funds. Furthermore, the 5% commission on credit card deposits and withdrawals can be a deterrent for some users. There is also a dormant fee charged on inactive accounts, which may affect traders who are not actively participating in the market. Moreover, bonus offers with challenging withdrawal terms and the lack of transparency regarding the number and diversity of assets raise further concerns. It is advisable for potential users to carefully consider the fees, withdrawal policies, and platform reliability before making a decision.

Pros Cons
Offers a wide range of market instruments Not regulated
Provides multiple live trading accounts for different levels 5% commission on credit card deposits and withdrawals
Offers contact options via telephone, email, and social media Dormant fee charged on inactive accounts
Multiple user-friendly trading platforms to choose from Bonus offers with challenging withdrawal terms
Lack of transparency regarding number and diversity of assets
Concerns about fees, withdrawal policies, and platform reliability

Market Instruments

Triton Capital Markets presents a variety of market instruments, encompassing currency pairs (Forex), commodities, indices, shares, and cryptocurrencies (cryptos). Nonetheless, it is worth noting that the broker's website and available reviews lack explicit details concerning the precise number of assets or the diversity of options available. This limited transparency may deter traders who prioritize a comprehensive selection of instruments.

Account Types

Triton Capital Markets provides seven live trading accounts: Basic, Bronze, Silver, Gold, Premium, Platinum, and VIP. The Basic account requires a minimum initial deposit of less than $10,000, while the other account types have significantly higher minimum initial capital requirements ranging from $10,000 to $500,000+. Each account type differs in terms of the required deposit amount, leverage, managed account services, and so-called risk-free trades.

It is important to note that the promise of risk-free trades is misleading, as no one can accurately predict the market with absolute certainty. This can be seen as a deceptive tactic used by Triton Capital Markets' financial advisers to entice traders into depositing more funds, potentially leading to financial losses.

Spreads &Commissions

Unfortunately, the broker's website does not disclose specific details regarding the spreads offered for trading. However, it is important to be aware that Triton Capital Markets applies a 5% commission on debit/credit card deposits and withdrawals. Additionally, there is a dormant fee of $100 if a trader fails to open at least three positions within a 30-day period. These fees should be taken into consideration when evaluating the overall cost and potential profitability of trading with Triton Capital Markets. For more precise information, I recommend contacting the broker directly to inquire about their spreads and any other relevant fees.

Non-trading Fees

Apart from trading fees, Triton Capital Markets imposes additional non-trading fees on its users. These fees encompass charges for trading cryptocurrency pairs, inactivity, and verification. In particular, if a trading account remains inactive or fails to meet the minimum activity requirements of three open positions totaling €/$/£100 or more over a period of 30 days or longer, the broker will apply a monthly inactivity fee amounting to 5%. For more comprehensive information on these fees, I recommend referring to the provided screenshot or reaching out to Triton Capital Markets directly.

Trading Platforms

As an offshore brokerage, Triton Capital Markets offers a basic proprietary web trader as its trading platform. This platform, known as Triton Trade Station, lacks special features. Traders are advised to consider using the popular and widely recognized MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. Both MT4 and MT5 are known for their success, efficiency, and reliability in the forex trading industry. MT4 offers an intuitive interface, advanced charting and analysis tools, as well as copy and auto-trade options. MT5 allows traders to execute trades across various financial markets using a single account and offers a hedging option.

trading-platform
trading-platform

Triton Trade Station, developed by Triton Capital Markets, was introduced after the broker had previously offered MT4. It is essential to be cautious when using proprietary platforms, as they may allow brokers to manipulate market prices and potentially deceive clients. To ensure security, it is recommended to choose a broker that provides the trusted MetaTrader platform.

Deposit & Withdrawal

Triton Capital Markets provides multiple convenient options for deposits and withdrawals, including bank wire, credit/debit cards (Visa and MasterCard), and Bitcoin. Users have the flexibility to choose the method that suits them best. However, it's worth noting that the broker applies withdrawal fees, which can be a drawback for some traders. For withdrawals made using credit/debit cards, a 5% fee is charged, and for SEPA bank transfers, there is a fee of €/$/£10, while other bank transfers incur a fee of €/$/£25. It's important for traders to take these fees into consideration when planning their financial transactions.

Customer Support

Triton Capital Markets offers multiple contact options for customer support, ensuring accessibility for users. They can be reached via telephone at +442045251255 or through email at support@tritoncapitalmarkets.com. Additionally, the broker maintains an active presence on social media platforms like Twitter and Facebook, providing an alternative channel for communication and updates. The company address is located at First Floor, First St. Vincent Bank Ltd Building James Street, Kingstown, St. Vincent & The Grenadines. It is worth noting that the physical location of the company may be a factor to consider for users concerned about jurisdiction and regulation.

Conclusion

In conclusion, Triton Capital Markets raises several red flags and appears to be an untrustworthy forex and CFD broker. The lack of transparency regarding fees, spreads, and trading conditions, as well as the presence of hidden fees such as commissions and inactivity fees, indicate a potential scam. The bonus offers with difficult withdrawal terms further reinforce this concern. The limited information available about the broker's market instruments and the proprietary trading platform also contribute to its unappealing nature. Given these factors, it is advisable to avoid Triton Capital Markets and seek reputable and regulated brokers for trading activities.

FAQs

Q: What is Triton Capital Markets, and should I invest money in it?

A: Triton Capital Markets is an offshore trading brokerage that is widely blacklisted across Europe. Based on its negative reputation and regulatory warnings, it is strongly advised not to invest your money with this broker.

Q: Is Triton Capital Markets regulated and licensed?

A: No, Triton Capital Markets is not regulated for providing financial services. It has been blacklisted in multiple countries including the UK, Austria, Spain, Portugal, and Italy.

Q: Is Triton Capital Markets legit or a scam?

A: Triton Capital Markets is considered a massive scam with five regulatory warnings against it. It is highly recommended to exercise extreme caution and avoid taking any risks when considering investing money with this company.

Q: Are my funds safe with Triton Capital Markets?

A: Due to Triton Capital Markets being blacklisted across Europe, it is unlikely that your funds would be safe with this broker. It is important to prioritize the safety of your funds and seek reputable and regulated alternatives.

Q: Which trading platforms are supported by Triton Capital Markets Broker?

A: Triton Capital Markets only supports a proprietary WebTrader platform called Triton Trade Station. It is essential to consider the limitations and potential risks associated with using an exclusive platform offered by an unregulated and blacklisted broker.

News

WIKIFX REPORT: Exposed! One perpetrator behind vanished Triton Capital Markets broker scam!

NewsWIKIFX REPORT: Exposed! One perpetrator behind vanished Triton Capital Markets broker scam!

2022-07-28 14:39

The Triton Capital Markets, a/k/a Triton Markets broker scam, vanished a few months ago.

WikiFX
2022-07-28 14:39
News
WIKIFX REPORT: Exposed! One perpetrator behind vanished Triton Capital Markets broker scam!
WikiFX report: FXDD Malta Rebrands as Triton Capital Markets

NewsWikiFX report: FXDD Malta Rebrands as Triton Capital Markets

2022-04-12 15:59

FXDD Malta Limited, which is MFSA-regulated, has renamed as Triton Capital Markets Ltd, according to Nukkleus Inc, which owns the FXDD Trading and FXMarkets brands (TCM). Financial results for the fiscal year ending September 30, 2020 have also been released by the publicly traded corporation.

WikiFX
2022-04-12 15:59
News
WikiFX report: FXDD Malta Rebrands as Triton Capital Markets
WikiFX report: Scam ALERT: Triton Capital Markets Added to Warning List

NewsWikiFX report: Scam ALERT: Triton Capital Markets Added to Warning List

2022-04-12 15:56

Concerned traders have alerted the Financial Commission about the company Triton Capital Markets (Triton Capital Markets) and its linked website.

WikiFX
2022-04-12 15:56
News
WikiFX report: Scam ALERT: Triton Capital Markets Added to Warning List
WikiFX report: Invest Alert – Triton Capital Markets scam still active with new domain

NewsWikiFX report: Invest Alert – Triton Capital Markets scam still active with new domain

2022-04-12 15:51

Triton Capital Markets has been operating for months under multiple domain names. It is supposedly operated by Karello D Buro LLC, which has addresses in St. Vincent and the Grenadines, and Karelllo D Buro Kft is its paying agent. The swindle has been warned against by regulators. The scam is now operating under the domain www.tcapitalm.com and is being promoted by fraud operations such as Bitcoin Circuit. At this time, German-speaking investors appear to be the primary objective.

WikiFX
2022-04-12 15:51
News
WikiFX report: Invest Alert – Triton Capital Markets scam still active with new domain

User Reviews

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久违的
more than one year
It appears that the so-called Forex firm Triton Capital Markets, registered in Saint Vincent and the Grenadines, has sold its website. Luckily I don't see anyone claiming to be scammed. Hope it's true.
2023-02-20 15:31
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0
0
荒53691
more than one year
Horrible experience, the account manager was easily contactable until attempted to withdraw funds or close the account. Met with avoidance tactics then given excuse after excuse. Have been unable to withdraw a single cent.
2023-02-16 13:51
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0
0
FX1167949839
more than one year
Contacting them was the worst decision I’ve ever made, they are continually harassing me with up to 10 phones calls a day from different numbers. I am constantly blocking each number but the harassment goes on!
2022-12-13 15:40
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0
0
FX1117632424
more than one year
Don’t trade with this broker. They call every day to push you to deposit more and more, and you end up with losing everything. When you want to withdraw your money, you have to wait 90 days, and then everything is gone…
2022-12-09 11:56
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