How to recover your investment from CapitalFX Club – Scam Broker Review
Be on the Lookout; CapitalFX Club is an offshore broker; Your investment is at risk. Read this review you want to recover your investment from CapitalFX Club.
Is CapitalFX Club a legit broker and how to recover your investment?
CapitalFX Club is an unregulated offshore broker that offers services such as forex, CFD and or binary options trading. The broker is registered in a fiscal haven that lacks the intervention of any investment regulatory process. This means that taking legal action against this forex broker is next to impossible. Read this review to recover your investment from CapitalFX Club.
CapitalFX Club broker relies on a number of tricks to reach their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
As far as this kind of scheme goes, the CapitalFX Club staff could very well be operating as part of a network of anonymous call centers in undisclosed locations. They could outright lie to you about their location and even their names. In typical investment scams, the staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in these sophisticated scams will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually.
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CapitalFX Club broker Reviews
A look into CapitalFX Club Reviews on various internet forums will reveal that CapitalFX Club clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding CapitalFX Club have been drawn from various sources, it reveals a similar challenge. CapitalFX Club entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
CapitalFX Club broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by CapitalFX Club Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Recover Your Investment From CapitalFX Club Broker?
There is no easy way to recover your investment once you have sent it to CapitalFX Club. CapitalFX Club is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. CapitalFX Club constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of CapitalFX Club to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from CapitalFX Club, without going the civil action route. A number of CapitalFX Club victims have managed to recover their funds by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from CapitalFX Club broker.
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More reasons not to trust CapitalFX Club
Unauthorized, blacklisted by CONSOB
According to the information on the broker’s website, CapitalFXclub is a trade name of PRO CAPITAL, which is based in the United Kingdom. First, PRO CAPITAL is not a company name, and second, there is no mention of license or regulation.
Associated with the shady company Game Capital Ads Limited
It seems that most of the websites and brands on the Italian regulator’s blacklist are operated by Game Capital Ads Limited. Although the company name is not present on the CapitalFXclub website, we suspect that it is also associated with it.
A few days ago, we looked at CryptoClubFX which is also blacklisted by CONSOB and operated by Game Capital Ads Limited. When we were browsing the CapitalFXclub page, we noticed that the websites of the two brands are almost identical, with some minor differences. This is yet another red flag. See for yourself .
It seems that CapitalFXclub is one of the many trade names of Game Capital Ads Limited, some of which have been blacklisted by CONSOB. Most of these brokerage brands have very similar websites, account types, trading conditions and offer one and the same MT4. It really sounds like a multiplied scam scheme, so you’d better stay away and find a trusted and licensed broker instead.