Forex Broker

RatingFX: independent rating of Forex brokers

MultiCapital: typical scam broker

Unfortunately, the FX market is full of fraudulent brokers who create quite elaborate schemes to deceive traders. That is why think twice before giving your money to someone as you may never get it back. Today we are going to tell you about another one quite typical dishonest broker - MultiCapital. This dubious enterprise disguises itself as a professional and reliable broker.

To start with, this broker knows how to attract potential clients. On its main web page, you can find a lot of impressive and luring words: "Experience the power of our trading platform with innovating trading tools and world class speed execution", "Your trading account is 100% safe and secure with us. All deposits and trades made are securely encrypted". Nevertheless, it is not so difficult to see this broker in its true colors.

Nadezhda, December 18, 2018
MultiCapital is a scam broker. Be sure that it won’t give your money back. More probably you will go into debt. Stay away from this deceitful broker!

Moreover, its homepage is poorly developed. Only two languages, Russian and English, are available. After complaints about the unintelligible translation, the broker has improved it a little bit. However, the quality of the content still leaves much to be desired. Funny enough, this broker gives itself some flattering descriptions while the language of its website is rather dry.

Let us have a look at its contact details and certificate.

Our Office
Address: Аlрhа Glоbаl GА LР, Suite 1, 4 Quееn Strееt, Еdinburgh, EH2 1JE, United Kingdom
Phone: +44 1628 421430
Email: mail@multicapital.trade

There is no need to say that this address is fake. Do not even try to visit the office or contact it by phone. The support service answers only once, usually after registration on the website. It needs to make sure that you, as a future investor, will stay with the broker.

MultiCapital has a certificate which allegedly proves that the company is reliable and licensed to work with customers. This certificate does inspire trust if not to go into details. It is not surprising that so many traders have been fooled.

First thing first, we need to check out the company that issued the certificate. The name looks trustworthy but in reality, CCRFM (Commission for Control and Regulation of Financial Markets) is practically unknown. Besides, there is no contact information. You can contact the representatives of the Commission only by leaving a message in the feedback section. It seems that this organization is an intermediary in the broker’s fraudulent schemes. Naturally, it can be just a coincidence but it is quite hard to believe. CCRFM and MultiCapital have been created at the same time. It gives food for thought.

At first sight, the MultiCapital’s documentation seems sound, and it can even be added to the broker’s advantages. Traders can easily find information on privacy policy, funds withdrawal, customer agreement, etc. Apparently, the broker got legal help in order to build such a solid ground for its website. Therefore, the broker created a perfect trap and a lot of traders got caught in it. You can find their revives below:

Valentin, 10.12.2018
Oh, my Gosh! How many websites they have! They conned me out of $700. That was all I had. They even tried to make me take out a loan for $2,000. Do not download anything and stay away from this scam broker!

Ksenia, 21.02.2019
I was surprised when I found out how many people had been deceived by this broker. I wish the scammers from MultiCapital would eventually get what they deserved – a prison sentence!

Galina, 20.01.2019
My husband and I had lost €5,000. MultiCapital blocked my account and fraudulently took money from the credit card. I tried to get it back through the boutique but it was unsuccessful.

Gerasimova Galina Mikhailovna, 07.12.2018
Hi! This broker deceived me as well. I lost $2,050. It happened just yesterday. I cannot believe that I was cheated so easily! Does anybody know what can be done or where I can write about it?
There are far more negative reviews on the Internet. If you want to read them, it will not be difficult for you to find some.

Multicapital cheating scheme

The fraudulent scheme of the broker is very typical and widely known. Representatives of MultiCapital call potential clients, offering to make money effortlessly under the guidance of analysts and professional traders. Clients can trade binary options, CFD, Forex, etc.

After some time these representatives just drain money from the clients’ accounts and ask them to replenish their accounts again. They even persuade their clients to take loans, offer to sell property, driving people into debt.

On December 5, I received a call from a young man who introduced himself as Alexander Martynov from MultiCapital. He offered to help me learn online trading. Being a disabled person, I have enough free time. Back then, I needed the money and thus I was glad to get such an offer. When I said that I was interested in his offer, he switched me to another telephone line. Then I started a conversation with a girl whose name I did not catch. She spoke so quickly without giving me much time to process the information. At one moment, I noticed that her mouse cursor was on the screen of my computer. At first, I was thinking that it was just a part of the training. She told me to check my personal account and sent her the code. I noticed that the second payment was already made from my credit card. I began to tell her that I did not like all this venture and I did not want to continue. However, she seemed not to hear me and just repeated the same words "your money is in your account". She showed me my personal account №269514. I opened my mouth when I saw that they took money from my bank deposit and transfer it into my account on their website. Luckily, Sberbank called and explained to me that I fell victim to scammers and blocked my bank account. I lost 20,000 rubles without any means to pay off my loan. Those scammers withdraw money from my bank account without my permission. Later, they called me non-stop assuring that they would return my money after the verification of my account.

If traders realize quickly who they are dealing with and stop communication with the broker, its representatives start calling them offering help in returning the money. The same people or their colleagues call on behalf of a non-existent firm and promise assistance in getting back all lost funds. However, when money should be supposedly transferred to the trader, the failure happens. Instead of a refund, money is taken again from their credit cards.

Please be careful when you choose a broker. Do not be lazy and read about it on the Internet. Maybe it is a scammer and by checking the information you protect yourself from being cheated.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author: Loskey | তারিখ  2021-12-09
An employee from MultiCapital called me before. He offered their services to me but I was not interested so I did not visit the website anymore. Then after a week, someone from the company called me again, but this time, she was very aggressive, almost forceful. She kept insisting that I should open an account and she kept calling me everyday for a few weeks.
Author: Jean | তারিখ  2021-11-25
The Forex market is full of fraudsters. We should always be careful in choosing which broker to trust. I made a mistake of trusting MultiCapital and now I ended up losing all the money that I invested.
Author: Sudha | তারিখ  2021-11-16
At first, I was making impressive trading activities in my trading account at MultiCapital. The company would even incentivize my progress. But then when I attempted to withdraw the profits, the broker suspended my account. Since then, I never got it back again.
Author: Tyler | তারিখ  2021-11-11
I randomly received a call from MultiCapital. I don't remember ever seeing this broker before so I have no idea how they got my number. They were very persistent in convincing me to open an account with them even when I repeatedly declined. From this behavior alone, you can already see that it won't be a good company.
Author: Harmen | তারিখ  2021-10-25
I remember investing $5000 to MultiCapital right away. I guess the owners were very happy when I did that. They manipulated my account to show positive trading results and they used it to convince me to add more funds. As naive as I was, I added $2000 more. Again, I just kept profiting. When I tried to withdraw some of the profits, that was when they simply terminated my account.
Author: Nukox | তারিখ  2021-10-20
I was supposed to open an account at MultiCapital because of their impressive trading conditions but then when I started looking online about what its users have to say, I found quite a number of complaints. Most of them were blocked and their money was never returned to them.
Author: Prasarn | তারিখ  2021-10-06
I invested a total of $3000 at MultiCapital. My account manager made me deposit funds for two more times and after that, I lost access to my account. I tried reaching out to the company but I never received an response.
লেখক multicapital_typical_scam_broker: Himma | তারিখ  2021-12-01
My account manager also tried to convince me to add more funds in my account. Thankfully, I refused because I could have lost a larger amount of money. I feel sorry that you had this experience. I guess all we can do is wish that the owners of this broker be punished.
Author: Mariela | তারিখ  2021-09-30
After about four months of trading activity at MultiCapital, the broker suddenly terminated my account. I invested $500 to this broker and I was doing well in my trades. But because they terminated the account, I was not able to retrieve it anymore.
Author: Caitlyn | তারিখ  2021-09-13
I randomly received a call from an employee of MultiCapital. It started as a harmless invitation to invest with them. The employee was polite and very nice to speak with. I was actually very interested in working with them. The only problem is that I cannot spare funds for investment yet. That is why I politely declined their offer. But then after that, they never stopped calling and they became aggressive. Different employees called me almost everyday and it was frightening.
লেখক multicapital_typical_scam_broker: Torvi | তারিখ  2021-10-13
In my case, I accepted their offer. I immediately visited their website and they suggested that I use my bank card for faster transactions. As dumb as I was, I did what they told me and before I knew it, they already took a lot of money from my card.
Author: Sadora | তারিখ  2021-09-10
I had an account at MultiCapital for a year. I invested a total of $5000 throughout the year and I was able to earn quite a lot. That is why on when I hit my first trading anniversary, I decided to withdraw the profits. However, the broker did not allow it and when I demanded for the money to be released, they terminated my account without returning my funds.
Show more

মন্তব্য করুন
Brokers Reviews

নির্বাচিত ফরেক্স ব্রোকার
এশিয়ার ১ নম্বর ফরেক্স ব্রোকার
30% bonus for EACH deposit
লিভারেজ ১:১০০০

Forex charts and quotes

বিশেষ অফারসমুহ
কোনো ঝুঁকি ও বিনিয়োগ ছাড়াই ট্রেডিং শুরু করুন
$1000 এর নতুন স্টার্টআপ বোনাস ব্যবহার করে
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!