CresCapital Broker Review

Today’s foreign exchange markets draw a lot of people because they provide amazing chances to make money, but they also make online forex trading a dangerous endeavor because of the fluctuating nature of buying and selling prices and the prevalence of dishonest brokers.

Our business works to expose dishonest dealers from Germany and the UK. Thus, we will discuss why it is a poor idea to invest with this sham broker in the following CresCapital review.

Let’s first quickly review this con artist’s proposition. You may discover a lot of unsubstantiated claims and false material on CresCapital’s website, including that it is a reliable trading organization that is well-known across the world and offers the newest technology and market-leading services.

Broker status: Offshore Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: cres.capital
Blacklisted as a Scam by: N/A
Owned by: Ethereal Group LLC
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: N/A
Supported Platforms: Web Trader
Minimum Deposit: 250 USD
Cryptocurrencies: No
Types of Assets: Indices, Forex, Energies, Stocks
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No

Is CresCapital Licensed Broker?

According to our prior thesis, a company’s lack of licenses and regulations is the first indication that it is unreliable. After looking through the relevant financial market regulators, we were unable to locate anything that matched CresCapital. In other words, this broker is not permitted to offer online financial trading services and lacks a license. What does that entail for traders, though? Find out in the part after.

We simply want to make clear that the CresCapital broker is purportedly registered in Saint Vincent and the Grenadines as Ethereal Group LLC before we continue. It is not surprising given that SVG has a high concentration of offshore brokers and does not control its forex industry.

CresCapital, a subsidiary of Ethereal Group LLC, conducts its business illegally out of Saint Vincent and the Grenadines, an offshore haven.

Trading Platform and Tools

When it comes to CresCapital trading, this financial con artist has taken the time to make an effort to make its website look like one of the trustworthy-looking websites. Beginners may fall for its deceptive claims of an advanced trading platform (CresCapital terminal) that is available on all platforms (desktop, internet, and mobile), includes state-of-the-art tools, and offers round-the-clock assistance.
We are quite dubious about this assertion and advise against gambling with CresCapital. Even while dishonest brokers occasionally have successful trading platforms, they nonetheless employ them for manipulation and fraud.

Mobile App

By installing the CresCapital mobile trading application for iOS and Android, traders may conduct trading while on the go, according to the CresCapital website. Given the dishonesty of this brokerage business, you shouldn’t assume anything, though.
We suggest choosing trusted trading companies for real, secure, and successful trading. For instance, reputable brokers have official access to their own mobile applications on Google Play and the Apple Store.

Web Trading

When it comes from a dishonest con broker like CresCapital, the claim of cutting-edge technology raises skepticism. It turns out that the purportedly cutting-edge trading software is really web trader, which performs poorly and is far from acceptable as a true sophisticated trading tool.
Choose MetaTrader 4, MetaTrader 5, cTrader, or Sirix for the greatest trading experience. These platforms provide exceptional tools like automatic trading, copy trading, stop loss, and market analysis.

CresCapital Trading Accounts

We looked over CresCapital’s offerings of trading accounts even though we don’t suggest trading with them. Therefore, here is a quick summary of how to trade options.

Elementary: $250 minimum deposit, over 50 tools, geared at novices;

Intermediate: $1,000 minimum deposit for traders who are experienced and have access to at least 150 tools; 

Advanced: $10,000 minimum deposit for traders who are experienced and have access to at least 250 tools.

Premium: $25,000 minimum deposit, over 300 tools, suited for expert traders;

Remember that this offer is false and that you should proceed with extreme care. Also, the $250 minimum beginning amount is thought to be exorbitant given that reputable brokers allow you to start trading with just $5.

Moreover, according to claims, every account has negative balance protection, a risk management feature that limits loss (a trader can never lose more money than they have deposited). This scam artist is not concerned about your welfare, we are certain of it.

Trading Instruments

CresCapital reportedly offers a variety of tradable assets, including the following, while feigning to be a legitimate FX broker.

Indices: FTSE 100, Germany 40, Dow Jones Industrial Average, and S&P 500;

Forex trading pairs: EUR/USD, USD/JPY, and GBP/EUR;

Energy-related stocks include Apple, Amazon, Facebook, and Microsoft, as well as natural gas, crude oil, and gasoline.

Unexpectedly, this con artist doesn’t provide cryptocurrency assets. In any case, you shouldn’t invest with CresCapital.

concerned about your welfare, we are certain of it.

Trading Conditions

Considering what we know about this dishonest broker, it is only possible that it would create a trading environment that would serve its illegal goals. In order to tempt you, it manipulates trading circumstances to make them more desirable and profitable. Providing ultra-low spreads is one example (starting from 0.5 pips). Although this corporation doesn’t disclose its leverage, we are very certain that it is more than permitted (e.g., over 1:30).

Deposits and Withdrawals

You may shift money between accounts via bank transfers and credit/debit cards, according to the company’s website. We sense a rat even though these two payment options are the safest. This is due to the fact that these two payment methods are reversible, which is inconsistent with the objectives of this cyber scam.

Because to their difficulty in tracking and reversing, cryptocurrency payments are the most likely funding options at CresCapital. They are not forthcoming with information about withdrawal costs or turnaround time. Please be aware, nonetheless, that unregulated, anonymous brokerage companies like CresCapital do not offer any assurances about money withdrawals.

To conclude the CresCapital review, here is some advice on what you can do if you have been duped by this investment scam. You should be aware that you can recover your money with the assistance of specialists. But, our chargeback professionals can assist you in recouping your payments.

You are welcome to post a comment or ask a question.

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