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CTA Capitals Broker Review
We find it strange that a broker called Crypto Trading Association is unable to trade cryptocurrency. This, however, was not our primary worry for the CTA Capitals broker. Read our review to learn everything there is to know about this bogus trading organization.
Broker status: Offshore Broker
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: CNMV, CONSOB, FSMA, Finanstilsynet Norway
Owned by: Mia Group LLC
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: No
Types of Assets: FX, commodities, indices, shares, futures
Maximum Leverage: 1:400
Free Demo Account: No
Accepts US clients: No
CTA Capitals Regulation
We analyzed CTA Capitals as regulation is an important aspect of any broker and symbolizes its capacity to be responsible and repay funds in the event of a problem. It appears to be a trademark of Mia Group LLC, a corporation based in Saint Vincent and the Grenadines. We discovered no indication of the firm or broker with the FSA or any Tier regulators like FCA, ASIC, or BaFin. It signifies that you are dealing with a fake company and that your cash is at risk.
CTA Capitals Warnings
Despite claiming to be the greatest broker of 2019, which is two years before its official establishment, we would reward it as the broker with the most warnings. The Belgian regulator FSMA has added a broker to its blacklist. The Spanish CNMV authority issued the same warning to this broker. The Italian CONSOB was another regulator who expressed concern regarding CTA Capitals. Finally, the Norwegian regulator Finanstilsynet weighed in on the broker.
CTA Capitals Assets and Markets
Company offers trading on the major markets, including:
- Forex market
- Commodities
- Indices
- Shares
- Futures
As previously stated, it is really strange not to allow you to trade cryptocurrency when it is your only method of deposit. Your funds are allegedly automatically converted to cryptocurrency, and all pricing are displayed in Bitcoin value. But it’s just a narrative to keep you entertained while the broker steals your cryptocurrency and transfers them through other wallets.
Fund Withdrawal Issues
It’s no surprise that there are several complaints about withdrawals now that we’ve proven you’re dealing with a fraud. Clients of CTA Capitals have stated that they are unable to recover their funds. They are urged to pay more money for the alleged fees and transactions, but they have yet to receive a penny even after doing so.
Areas Of CTA Capitals Scam
CTA Capitals reviews indicate that the broker is mostly present in Belgium, Germany, Canada, and Switzerland. Other alerts indicate that it is active in Spain, Italy, and Norway. Take note that there are no regulations in place to provide legal financial services anyplace, and don’t become the next victim of a scam.
Traders About CTA Capitals Scam
After analyzing various review websites, including the most popular – Trustpilot, we discovered that clients are experiencing a variety of concerns in addition to withdrawal troubles. Account managers open deals on behalf of clients, intentionally causing them to lose money.
They claim that if you halt these trades and make a withdrawal request, someone from Blockchain or another company that serves as a wallet will call you. Don’t believe such a story. CTA Capitals is the only company that has your money!
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]
