The forex broker named CAPITAL88 offers six types of trading accounts. CAPITAL88 provides its services in a variety of assets including CFDs, shares, commodities and etc. The six accounts are attractive and offer many profiting gameplays on the web-based platform. Let us examine this broker for its credibility.
The accounts offered are Basic, Bronze, Silver, Gold, Platinum, and Black with the minimum deposits of $250, $2000, $4000, $10000, and $25000 respectively. As we have experienced with may brokers the CAPITAL88 also forbids us to know about the Black account. There is no other information available about spreads, leverages, and etc on the broker’s website.
The only fascinating thing about CAPITAL88 is that it offers all kinds of currency pairs from major to minor and many commodities. Unfortunately, CAPITAL88 fails to provide trading with the cryptocurrencies. CAPITAL88 has several payment methods from credit cards to e-wallets. Anyone can start trading with CAPITAL88 merely at $250. But don’t forget several other brokers provides this service at $5. All the above minimum deposits are huge compared to market value. It also provides daily, weekly, monthly trading market insight. CAPITAL88 wants its traders to be educated and furnishes them with video tutorials and E-Books.
Apart from the above-mentioned advantages, there are several disadvantages associated with CAPITAL88. The company is managed by BT Ventures, Bulgaria and also Marshal Island-based firms. As we have always mentioned that the offshore nature of any brokers poses several concerns on investor’s funds. These kinds of firms need to be regulated by local financial authorities. In the case of CAPITAL88, there is not enough data available to call it legit and have low credibility. These kinds of brokers can be associated with a scam.
As usual, there are several terms and conditions associated with the withdrawal of funds. These are minimum trading volume and 3.5% service charges and maintenance fees are few to mention. Also, the most loved and trusted world leader MetaTrader is missing.
Is CAPITAL88 scam or legit?
The appearance of CAPITAL88 is shady like other scam brokers. The firm is not licensed and unregulated. No one can guarantee the trader’s investments. Marshal Island-based company already has a red flag on them. Poor trading conditions and unaccepted withdrawal terms and conditions make it avoidable. We recommend you to do trading with credible brokers. CAPITAL88 can be a scam broker you must neglect this scam broker.
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.