AllCryptoCapita Broker Review
When it comes to online trading, crypto assets are attracting an increasing number of traders. It should come as no surprise that the worldwide crypto exchange market is valued at over $30 billion USD. Nonetheless, due to the dangers involved, traders should use caution while trading with cryptocurrencies (volatility and trading scams). The former may be avoided by dealing with trustworthy brokers, while the latter can be decreased by learning how to trade.
Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: allcryptcapital.com
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: UK
Foundation year: 2021
Supported Platforms: Web Trader
Minimum Deposit: 250 USD
Cryptocurrencies: Yes, Bitcoin, Dogecoin, Litecoin
Types of Assets: Crypto assets
Maximum Leverage: 1:100
Free Demo Account: No
Accepts US clients: No
Is AllCryptoCapital safe?
As previously stated, the AllCryptoCapital broker is far from a secure cryptocurrency organization. Positive AllCryptoCapital reviews on the internet are created to attract your attention. This shady brokerage company is not permitted to operate in any jurisdiction. As a result, the security of your cash is jeopardized here.
AllCryptoCapital claims to be registered in the United Kingdom, yet there is no information available on the company’s registration with the British Companies House. Furthermore, all brokers headquartered in the United Kingdom must be regulated by the Financial Conduct Authority (FCA). A search of the FCA registration yields no records for AllCryptoCapital’s license.
As a result, AllCryptoCapital may be inferred to be an anonymous, unregulated, and unregistered broker that can engage in fraudulent trading operations and get away with it.
AllCryptoCapital is a crypto-asset broker that claims to be situated in the United Kingdom but lacks the essential licenses and laws. Its trading terms are based on lies and deception. Although it has not yet been banned, it is just a matter of time until financial regulators investigate this fraudulent broker.
AllCryptoCapital Platform
In terms of trading software, AllCryptoCapital, although being marketed as a well-resourced platform, is a lousy online trader. This software not only fails to deliver on its promises, but it also fails to guarantee a profitable trading experience. For that, you’ll need a sophisticated trading platform like MetaTrader 4, MetaTrader 5, cTrader, or Sirix. They are simple to use and provide with a unique collection of features such as copy trading, stop loss, and EAs.
AllCryptoCapital Account Types
While on the matter of trading accounts, AllCryptoCapital offers the following types.
- Basic: minimum deposit 250 USD
- Silver: minimum deposit 10,000 USD
- Gold: minimum deposit 50,000 USD
- Platinum: minimum deposit 250,000 USD
- VIP: minimum deposit 1M USD.
Each of these accounts has an account manager, which would be a fantastic bonus if AllCryptoCapital wasn’t a dishonest scam broker. Otherwise, it will utilize this feature to defraud you.
Similarly, as you can see, you must deposit $250 USD to begin trading with this bogus broker. So why take the risk of losing money when you can start a live trading account with a reputable broker for as little as $10 USD and profit?
Demo Account
This version of the trial account allows traders to test trading platforms and circumstances. This option is ideal for beginners since it allows them to practice real-life trading without incurring any risks or expenditures. Every legitimate broker includes a demo account as part of its package. Scam brokers, on the other hand, seldom supply this option because it is free and might expose their poor services.
Areas Of AllCryptoCapital Scam
As previously stated, AllCryptoCapital operates unlawfully in the locations where it provides its services. According to its victims, this financial swindler mostly targets merchants from Spain, Australia, Canada, New Zealand, Cyprus.
To operate legally in these markets, all brokers must be licensed by a competent financial market authority. CNMV/Spain, ASIC/Australia, CFEC/Canada, CySEC/Cyprus, and FMA/New Zealand in this case. Hence, if you live in one of these nations, look for brokers who have been approved by the relevant authorities.
Deposits and Withdrawals
There is very little information available concerning the deposit and withdrawal processes at AllCryptoCapital. It goes without saying that brokerage firms must be open about how you may move cash across accounts, as well as the associated costs and processing time. AllCryptoCapital, for example, is vague about all of this so that they can easily influence and scam you. As a result, fraudsters usually take cryptocurrency payments as the lone funding source.
Continuing on this path, depositing money using crypto wallets is extremely dangerous. Crypto payments would not be an issue if the firm in question supported secure payment methods such as credit cards and wire transfers. Due to the secrecy and irreversibility of bitcoin payments, con artists insist on cryptocurrency deposits. As a result, avoid firms that exclusively accept digital currency as payment.
Trading Conditions
The trading environment at AllCryptoCapital is hostile and deceptive. All account holders have margin loans ranging from 25% to 100% depending on account type, implying leverage of 1:25 to 1:100. Similarly, VIP accounts have no swap or overnight costs, but regular accounts have a 15% to 50% swap discount. Spreads are not provided; just that they are ultra-low is indicated, which is to be anticipated given that all fraudsters say this. AllCryptoCapital’s conditions of exchange are erroneously given in order to entice you to invest.
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.
