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Abstract:Trade Capital Limited is in the news for conducting bad practices as a forex broker. Check out the unethical practices employed by it to scam investors in this article.
Trade Capital Limited is in the news for conducting bad practices as a forex broker. Operating from the United Kingdom, the forex brokerage firm may have made numerous customers. However, when it comes to rendering customer services, they dont SCORE. They may have impressive trading software interfaces, but there are complaints of data manipulation, diminishing their reputation and making traders conscious and worried every day.
The key to sustainable business in any industry, including forex, lies in impressive customer service. Unfortunately, on that front, this forex broker does not hold much ground.
In this article, we will expose Trade Capital Limited through an in-depth analysis backed by investor reviews.
Like many scam forex brokers, Trade Capital Limited starts by allowing withdrawals early on. As your journey expands, you will face problems regarding withdrawals. If you stop depositing further, they will create fear by saying that it will invite taxes. Only after depositing and paying taxes will traders be allowed to withdraw, Trade Capital Limited‘s executives often say this. What’s more, the company manipulates the charts during trading hours. And as the market is about to close and you place a trade, the next day, when the market opens, it will show a loss. While profits and losses are part and parcel of forex trading, the chart manipulation puts Trade Capital Limited in a bad light and makes investors suffer.
Investors have, understandably, expressed their utter frustration over how things have transpired so wrong for them with Trade Capital Limited. A lot of them criticize the company for its unethical forex trading practices. These practices have scammed investors, resulting in such anguish reactions in their comments. Without any delay, lets check out their complaints.
Trade Capital drives unethical trading practices, and these have become evident through our reviews containing investor comments. The problem stems from the lack of regulation. Yes, Trade Capital Limited is not authorized by a competent financial authority to conduct forex business. Investors can always be targeted with scams by Trade Capital. It has already scammed many by manipulating trading charts, disallowing withdrawals, and charging extra fees for withdrawals. A regulated entity will conduct business in the fairest manner, allowing investment transparency, ease of withdrawals, and a more investor-friendly trading environment.
WikiFX shares the sentiment raised by investors while reviewing Trade Capital Limited. The company scores just 1.28 out of 10. Its not regulated, on the point of license and even risk control, it scores ZERO. The score on software is also on the lower side i.e. 4, culminating in an overall poor score.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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