Blockfitcapital.com – Broker Review

Blockfitcapital

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Blockfitcapital.com

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If you are looking for a reliable and trustworthy broker to invest your money with, you might have come across Blockfitcapital.com. This website claims to offer a variety of trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. They also promise high returns, low fees, and excellent customer support. But are they really legit? Or are they just another scam that will rip you off?

In this review, we will examine the facts and evidence about Blockfitcapital.com and try to answer the question: are they legit? We will look at their background, regulation, trading platform, account types, fees, customer service, and reputation. We will also compare them with some of the best brokers in the market and give you our honest opinion.

Background and regulation

Blockfitcapital.com is a relatively new broker that was launched in 2020. According to their website, they are based in London, UK, and have offices in Hong Kong, Singapore, and Dubai. They claim to be regulated by the Financial Conduct Authority (FCA) in the UK, the Securities and Futures Commission (SFC) in Hong Kong, the Monetary Authority of Singapore (MAS), and the Dubai Financial Services Authority (DFSA).

However, when we checked the official websites of these regulators, we could not find any evidence that Blockfitcapital.com is registered or authorized by them. In fact, the FCA has issued a warning against Blockfitcapital.com in March 2021, stating that they are providing financial services or products in the UK without their authorization. The FCA also advised consumers to avoid dealing with this firm and report them if they have been scammed.

This means that Blockfitcapital.com is not regulated by any reputable authority and is operating illegally in many jurisdictions. This also means that they do not comply with any rules or standards regarding security, transparency, fairness, or customer protection. If you deposit your money with them, you have no guarantee that they will keep it safe or return it to you. You also have no recourse if you encounter any problems or disputes with them.

Trading platform

Blockfitcapital.com claims to offer a proprietary trading platform that is compatible with web browsers, desktops, and mobile devices. They say that their platform is user-friendly, fast, secure, and customizable. They also claim to provide advanced tools and features, such as charts, indicators, signals, news feeds, and social trading.

However, when we tried to access their platform, we were unable to do so. We were asked to register an account and verify our identity before we could use their platform. This is a red flag because most reputable brokers allow potential clients to test their platforms for free and without any obligations. This way, clients can evaluate the quality and performance of the platforms before they decide to invest.

We suspect that Blockfitcapital.com does not have a real trading platform at all. They may be using a fake or manipulated platform that is designed to deceive and defraud clients. They may also be using a third-party platform that they do not own or control. Either way, you cannot trust their platform or their trading services.

Account types

Blockfitcapital.com offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for each account is $250, $2,500, $10,000, and $25,000 respectively. The higher the account level, the more benefits and features they claim to offer. These include lower spreads, higher leverage, more trading instruments, personal account managers, trading signals, webinars, and bonuses. 

However, these account types are nothing but a scam. They are designed to lure clients into depositing more money with them. They do not provide any real value or advantage to clients. They also do not disclose the exact terms and conditions of their accounts, such as the withdrawal requirements, the fees, the commissions, or the risks. They may also impose hidden or unreasonable charges on clients without their consent or knowledge.

Fees

Blockfitcapital.com claims to offer competitive fees and transparent pricing. They say that they do not charge any commissions or hidden fees on their trades. They also say that they offer low spreads and high leverage on their trading instruments.

However, these claims are false and misleading. They do not provide any clear or detailed information about their fees or their pricing structure. They may charge clients with excessive or unexpected fees at any time and for any reason. These fees may include deposit fees, withdrawal fees, inactivity fees, maintenance fees, conversion fees, or swap fees. They may also manipulate the spreads or the leverage to their advantage and to the detriment of clients.

Customer service

Blockfitcapital.com claims to offer professional and responsive customer service. They say that they have a team of experts who are available 24/7 to assist clients with any issues or inquiries. They also say that they have multiple channels of communication, such as phone, email, live chat, and social media.

However, these claims are also false and unreliable. They do not provide any contact details

or addresses on their website. They only provide a generic email address and a UK phone number that may not be working or reachable. They do not respond to emails or messages 

in a timely or helpful manner. They may also ignore or block clients who have complaints

or requests for withdrawals.

Reputation

Blockfitcapital.com has a very poor and negative reputation among online traders and Reviewers. They have been accused of being a scam and a fraud by many clients

who have lost their money with them. They have also been exposed and warned by several authorities and websites who have confirmed their illegal and unethical practices.

There are many online reviews and testimonials that reveal the true nature and behavior of Blockfitcapital.com. These reviews and testimonials describe how Blockfitcapital.com

has lied to, cheated, and robbed their clients. They also describe how Blockfitcapital.com

has refused to process withdrawals, closed accounts without notice, manipulated trades, and harassed clients with phone calls and emails.

Conclusion

Based on our research and analysis, we can confidently conclude that Blockfitcapital.com is not legit. They are a scam and a fraud that should be avoided at all costs. They are not regulated by any authority and they do not provide any legitimate or reliable trading services. They are only interested in taking your money and leaving you with nothing. Do not fall for the lies and promises of Blockfitcapital.com. They are not worth your time or money. Stay away from them and report them if you have been scammed by them.

What to Do If You’ve Lost Money with Blockfitcapital.com?

If you have been scammed by Blockfitcapital.com or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.