If you come across the ImportCapital broker, it is strongly advised that you avoid it because of its involvement in a fraudulent operation related to a network of unethical brokers. ImportCapital is specifically linked to Incendiary Group Ltd, a notorious organization that, along with its other sister business, has been banned by significant regulatory bodies.

Furthermore, ImportCapital’s trading conditions are as poor as the brokerage firm’s reputation. To prevent yourself from potential harm, we recommend that you read our detailed ImportCapital review to learn more about this fake business and avoid falling victim to its actions.

• Broker status: Unregulated Broker
• Regulated by: Unlicensed Scam Brokerage
• Scammers Websites: Importcapital.cc
• Blacklisted as a Scam by: CONSOB, CNMV, FCA
• Owned by: Incendiary Group LTD
• Headquarters Country: Dominica
• Foundation year: 2021
• Supported Platforms: MT4, Mobile app
• Minimum Deposit: 250 USD
• Cryptocurrencies: No
• Types of Assets: Forex, commodities, shares, indices
• Maximum Leverage: 1:200
• Free Demo Account: No
• Accepts US clients: No

License and Security 

ImportCapital is neither a regulated nor licensed forex broker, but rather an illegal brokerage firm that offers a considerable danger to traders. Although there are no public warnings about this bogus broker, its controlling firm is the polar opposite. 

According to its website, ImportCapital is owned and run by Incendiary Group Ltd, a Dominican company. Meteor Trade, another investment fraud situated in Dominica, is run by the same parent corporation. Both of these firms have been warned by major European financial regulators (British FCA, Italian CONSOB, and Spanish CNMV). This means that ImportCapital is a broker fraud as well.

ImportCapital is an unregistered and unregulated broker that operates under Incendiary Group Ltd, which operates scamming schemes and has been banned by many financial regulators.

As previously stated, Incendiary Group, Meteor Trade, and ImportCapital are all part of the same sophisticated fraud that has been uncovered by many watchdogs. 

This includes the British Financial Conduct Authority, which cautions about Meteor Trade as a clone of an FCA-licensed broker. Incendiary Group has also been listed as a scam company by the Italian CONSOB and the Spanish CNMV. Overall, we strongly advise you to avoid dealing with any of these con artists.

Trading Software

This deceitful broker falsely claims to offer MetaTrader 4 for trading, but it’s nothing more than a ruse to entice individuals into their scheme.

While MetaTrader 4 is widely regarded as one of the top trading platforms, untrustworthy brokers like ImportCapital do not provide access to it. Instead, this fraudulent brokerage offers subpar trading software in the form of a web trader that pales in comparison to the capabilities of MT4, as well as other advanced platforms like MetaTrader 5, cTrader, and Sirix.

Mobile Trading Platform

This dishonest scam broker, posing as a reputable brokerage firm, provides a mobile trading application. It is, however, another bag of falsehoods. 

When you visit the ImportCapital website and click to download the app, you are sent to a sign-up form rather than the software download. This means that there is no ImportCapital mobile trading app (we verified both the Google Play Store and the Apple Store) and that the scam artist simply wants to steal your information and use it for unwanted calls and spam emails.

Trading From Browser

ImportCapital previously said that MT4 is not accessible. This fantastic platform is accessible via a variety of platforms, including an internet-based trading platform as well as desktop and mobile versions. As a result, traders may only use ImportCapital’s subpar browser-based platform. Trading tools for profitable and safe trading, such as stop loss, copy trading, expert advisers, and so on, are lacking in the ImportCapital web trader.

Accounts Overview

When it comes to ImportCapital account options, there are several choices available:

• Mini Account: Requires a minimum deposit of 250 USD and offers 1:50 leverage.
• Standard Account: Requires a minimum deposit of 500 USD and provides 1:100 leverage.
• Classic Account: Requires a minimum deposit of 1,000 USD and also offers 1:100 leverage.
• VIP Account: Requires a substantial minimum deposit of 10,000 USD and offers 1:100 leverage.
• Pro Account: Requires a significant minimum deposit of 25,000 USD and provides higher leverage at 1:200.

What stands out as a concerning issue is the restricted access to tradable assets for all account holders, including those with the most expensive account (Pro account). It’s expected that a trader investing 25,000 USD would receive full access to a wide range of products. However, ImportCapital’s limitations in this regard serve as further evidence of their unprofessionalism, fraudulent practices, and overall incompetence as a broker.

Affiliate Program

The affiliate scheme or relationship offered by ImportCapital is nothing more than a ruse. So, how does this promotion function? When you refer others to ImportCapital, you receive cash benefits. 

To put it another way, this phony broker pushes you to undertake its dirty business. Many supervisory organizations have forbidden incentives due to misapplication.

Negative Balance Protection

Speaking of negative balance protection, as previously mentioned, regulated brokers offer this feature to help manage the risks associated with trading. It serves as a safeguard, ensuring that traders do not incur losses beyond their initial deposits.

However, it’s crucial to note that despite ImportCapital’s claims of providing negative balance protection, this assertion is simply another falsehood. It’s important to remember that fraudulent entities like ImportCapital have no intention of limiting your deposits or safeguarding your investments from potential losses.

ImportCapita Range of Trading Markets

When it comes to trading instruments provided by ImportCapital, there is apparently access to four markets. 

• Forex: USD/EUR, GBP/AUD, EUR/CHF
• Shares: Microsoft, Facebook, Google 
• Indices: NASDAQ, Dow Jones, FTSE
• Commodities: gold, crude oil, corn.

As you can notice, there is no offer of crypto assets. Anyway, considering the fact that it is a cyber fraud, this offer is good for nothing. If you want to trade safely, do it with credible companies.

ImportCapital – Countries Of Service

Regarding ImportCapital’s geographical scope of operations, it is imperative to emphasize that this broker lacks authorization to offer its services anywhere. Nevertheless, this deceptive broker is actively deceiving traders in the following countries:

• United Kingdom (UK)
• United States (US)
• Portugal
• Austria

If you are a trader residing in any of these nations, it is crucial to exercise caution and remain vigilant against this illicit brokerage firm and its deceitful tactics. Additionally, bear in mind that brokers operating or providing services within the UK, US, Portugal, and Austria are required to obtain approval and oversight from regulatory bodies such as the FCA, SEC, CNMV, and FMA.

Leverage, Minimum Deposit, and Fees

Regarding leverage, ImportCapital offers a 1:200 leverage ratio as an enticing feature for traders. Leverage can be a powerful tool for maximizing profits, as it allows you to control a larger position with a relatively small investment. In this case, for every dollar invested, you gain exposure to 200 USD in the market. However, it’s essential to exercise caution when using leverage, as it can also amplify losses significantly. Due to this risk, many regulatory jurisdictions have implemented restrictions on leverage, such as 1:30 in the UK and 1:50 in the US.

As for the minimum deposit requirement, ImportCapital mandates a starting deposit of 250 USD, which is considerably higher than the industry standard. In contrast, reputable brokers often allow you to open an account with as little as 10 USD, making trading more accessible to a broader range of investors. Furthermore, ImportCapital does not disclose its trading fees, but it is prudent to assume that they may not be favorable given the other concerning aspects of this broker.

Trading Conditions

When it comes to trading conditions, unscrupulous brokers often employ various deceptive tactics to lure unsuspecting investors, and one of these tactics involves manipulating the terms of trade. ImportCapital is no exception, as it engages in fabricating a trading environment. Therefore, any promises made by this company should be viewed with skepticism, including claims of offering ultra-low spreads.

Similarly, ImportCapital misleads individuals by suggesting that they can freely transfer funds to and from their accounts without incurring charges, using convenient methods such as credit/debit cards and bank transactions. While these payment methods are generally secure because they offer the ability to reverse transactions in case of issues, it’s important to note that this fraudulent entity does not actually support them, further emphasizing the need for caution when dealing with ImportCapital.

Conclusion on ImportCapital 

In conclusion, ImportCapital appears to be a highly questionable and potentially fraudulent brokerage firm. Numerous red flags and concerning practices have been identified:

• Lack of Regulation: ImportCapital operates without proper authorization or regulation, which raises significant concerns about the safety and security of traders’ investments.
• False Claims: The company makes misleading claims about its services, such as offering negative balance protection and ultra-low spreads, which may not align with the actual trading conditions it provides.
• Limited Payment Options: ImportCapital’s restriction on payment methods, especially the absence of support for common and secure options like credit/debit cards and bank transactions, is a cause for suspicion.
• High Minimum Deposit: The minimum deposit requirement of 250 USD is notably higher than industry standards, making it less accessible for many potential traders.
• Unreliable Trading Environment: There are concerns about the integrity of ImportCapital’s trading environment, including potential manipulations of terms to entice investors.
• Questionable Leverage: While a 1:200 leverage ratio may seem attractive, it also carries a high level of risk, and ImportCapital’s use of such high leverage may not be suitable for all traders.

Given these issues and the lack of regulatory oversight, it is strongly advised to exercise extreme caution when considering any involvement with ImportCapital. Traders are encouraged to explore more reputable and regulated brokerage options to ensure the safety of their investments and financial well-being.