RatingFX: independent rating of Forex brokersMultiCapital: typical scam brokerUnfortunately, 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 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 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
Ksenia, 21.02.2019
Galina, 20.01.2019
Gerasimova Galina Mikhailovna, 07.12.2018 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.
Nadezhda 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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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