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Trade Capitol

Saint Vincent and the Grenadines|1-2 years|
Suspicious Scope of Business|High potential risk|

https://tradecapitol.co

Website

Rating Index

Contact

support@tradecapitol.co
https://tradecapitol.co

Licenses

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Trade Capitol · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, commodities, indices and stocks
Account Type Beginner, Premium and Business
Demo Account N/A
Maximum Leverage 1:600
Spread (EUR/USD) 3 pips
Commission no
Trading Platform Webtrader
Minimum Deposit $250
Deposit & Withdrawal Method MasterCard, Maestro, Visa and Wire Transfer

Trade Capitol, a trading name of Eunoia Group LLC, is allegedly a forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:600 and floating spreads on the Webtrader trading platform via three different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Trade Capitol currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.03/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

Trade Capitol advertises that it offers access to a wide range of trading instruments in financial markets, including Forex, commodities, indices and stocks.

Account Types

Trade Capitol claims to offer three types of trading accounts, namely Beginner, Premium and Business, with minimum initial deposit requirements of $250, $2,500 and $25,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Leverage

The specified leverage for different account types at Trade Capitol varies between 1:100 and 1:600. Clients on the Beginner account can experience leverage of 1:100, and the Premium and Business accounts can enjoy a higher leverage of 1:200-1:300 and 1:400-1:600 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Spreads on the Beginner account are advertised as 0.1 pips, while 1.1 pips on the Premium account and floating from 1.3 pips on the Business account. However, in the trading platform, we see a spread of 3 pips, which is much higher than they advertised on the site. All charging no commissions.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Trade Capitol gives traders a Webtrader. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & Withdrawal

From the logos shown at the foot of the home page on Trade Capitols official website, we found that this broker seems to accept deposits and withdrawals via MasterCard, Maestro, Visa and Wire Transfer. The minimum initial deposit requirement is said to be $250.

Deposit & Withdrawal

Bonus & Fees

Trade Capitol claims to offer different welcome bonuses for different account types. Specifically, a 20% welcome bonus on the Beginner account, a 25% welcome bonus on the Premium account and a 30% welcome bonus on the Business account. However, the bonus can only be withdrawn when a high minimum traded volume requirement of 25 times the bonus amount plus the deposit is achieved.

It also charges an inactivity fee. Inactive accounts are charged an extremely high fee of 10% of the balance monthly.

Customer Support

The only way you can get in touch with Trade Capitol is via email: support@tradecapitol.co. However, this broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple trading instruments, account types and payment options offered • No regulation
• High minimum deposit ($250)
• Wide spreads

Frequently Asked Questions (FAQs)

Q 1: Is Trade Capitol regulated?
A 1: No. It has been verified that Trade Capitol currently has no valid regulation.
Q 2: Does Trade Capitol offer the industry-standard MT4 & MT5?
A 2: No. Instead, Trade Capitol offers a Webtrader.
Q 3: What is the minimum deposit for Trade Capitol
A 3: The minimum initial deposit at Trade Capitol to open the most basic account is $250.
Q 4: Does Trade Capitol charge a fee?
A 4: Like every forex broker, Trade Capitol charges a spread fee, which is uncompetitive, but no commission will be charged. It also charges an inactivity fee.
Q 5: Is Trade Capitol a good broker for beginners?
A 5: No. Trade Capitol is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit and uncompetitive trading conditions.

Broker Information

Company Name

Eunoia Group LLC

Company Abbreviation

Trade Capitol

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Phone of the company

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Customer Service Email Address
  • support@tradecapitol.co

Company Summary

User Reviews

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8

Comments

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Roby4428
more than one year
I have had confirmation from my bank that I have been scammed by this company. Stay away. They are emeritus scammers. Cursed. I hope this message helps many not to be scammed.
2023-03-03 00:47
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FX1269810414
more than one year
This company has only been established for less than a year! I've heard of a lot of companies that go out of business after a few years and then don't return the money to the customer. To avoid this kind of risk, I would not invest here.
2023-02-23 11:21
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0
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FX1202234873
more than one year
Seeing St. Vincent and the Grenadines registered forex brokers with a very short history, I simply stay far away. I will never risk my money with an unreliable company.
2023-02-14 15:56
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Roby4428
more than one year
I was immediately contacted by a man introducing himself as EUNOIA Stevens, who tried to dissuade me from my choice. Convinced of withdrawing, I asked for the return of my money. He told me to wait a few days before seeing my money in my account, but since then neither EUNOIA Stevens nor her assistant Luna have called. I tried to write messages but they don't answer me. I hope I haven't been scammed. I will keep you updated.
2022-12-19 20:31
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Roby4428
more than one year
On 06.12.2022, I received advertising on the internet on my smartphone, of this site tradecapitol.co which carried out online trading. Intrigued, I asked to be contacted. I immediately received a call from the number. +44 7833 18865, indicating area of origin UK. The interlocutor, after introducing herself with the name of Luna, dispelled all my doubts and made me carry out a transaction of € 250.00. The next day, not being convinced, I asked for the withdrawal.
2022-12-19 20:19
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FX1185568329
more than one year
This company has only been established for less than a year, and I choose to wait and see for a period of time before deciding whether to trade. Who knows if it will go bankrupt?
2022-12-15 17:27
Reply
0
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A039900
more than one year
This company registered in Saint Vincent and the Grenadines does not have a reliable regulatory license. Personally, I will never deal with this type of company, and I hope that more people can see my review and stay away from these companies that are probably scammers.
2022-12-02 17:46
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0
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