Website URL: https://trade-capital.pro/
Languages: English, Russian
Deposit Methods: N/A
Minimum Deposit: $250
Free Demo Account: No
Types of Assets: CFDs, Stocks, Forex, Commodities
Trade Capital may sound like a name you can rely on and trust with your funds, but that is far from the truth. First, the company hides a lot of key information from their clients. Their place of establishment is unknown, as well as the licencing information. However, if you dig deeper into this you will find out the ugly truth – Trade Capital is blacklisted by some of the most reputable regulatory bodies in the industry.
Namely, the company is claiming that it is providing trading services in the UK, but its address is listed somewhere in Switzerland. Not only that – but the company is also on the blacklist of the UK’s number one regulatory authority, the Financial Conduct Authority (FCA).
This is a lot of contradictory information to rely on. First, how can a company provide services in a country they are clearly banned from? More importantly, how can they function anywhere else in the world without a proper licence?
The trading platform at Trade Capital is web-based, which is to be expected from an unlicenced broker. Not only that, but the platform also takes quite a lot of time to load, and it does not provide a lot of tradeable assets in total. There are only a few stocks of some high-tech companies and less than 10 currency pairs. This is a huge downside for the company, especially since they had over 3 years to make it happen and broaden their asset selection.
However, this is not even the worst of it. Namely, the company is being accused in the past that it is actually using stolen screenshots and data from other, more reputable platforms. This way, their platform is not even functioning in real-time, so you can never know for sure what you’re dealing with and more importantly – what you are missing out.
In an attempt to clear its image, the team at Trade Capital has introduced a new feature called Robot Trading. Namely, this option has the goal of taking away a lot of the uncertainty, since you are putting your trust into an automated software which will calculate what is the best move for your trading strategy.
Trade Capital is clearly lacking a lot of things, and this fact is particularly obvious when it comes to its educational section. There isn’t a tab you could click on to redirect you to a certain page, even. Rather, if you scroll down on the home page, you will encounter some testimonials in the form of videos from the supposed clients. Still, we have to admit that all of these scenarios look staged to us, and not genuine at all.
Other than that, there is nothing useful to rely on. No market news, no video tutorial. Basically, you are left on your own to find your way however that may be. You can try redirecting to a different website to gain knowledge. This is a major downside for this company, and their clients as well.
Deposits and Withdrawals
Trade Capital does not list clearly anywhere all the information that is necessary for you to know how to make a deposit or withdrawal on your account. The minimum deposit you will need to make is $250. But, it is unclear what is the limit or a requested amount for withdrawal. On the other hand, the website does claim that the robot system requires a one-time payment. Even if that were true, how will you fill your account with the funds needed when they run out? This fact remains unclear.