How to recover your investment from KapitalFX – Scam Broker Review
Be on the Lookout; KapitalFX is an offshore broker; Your investment is at risk. Read this review you want to recover your investment from KapitalFX.
Is KapitalFX a legit broker and how to recover your investment?
KapitalFX 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 KapitalFX.
KapitalFX 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 KapitalFX 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.
Did you invest with an offshore broker?
KapitalFX broker Reviews
A look into KapitalFX Reviews on various internet forums will reveal that KapitalFX clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding KapitalFX have been drawn from various sources, it reveals a similar challenge. KapitalFX 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.
KapitalFX broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by KapitalFX 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 KapitalFX Broker?
There is no easy way to recover your investment once you have sent it to KapitalFX. KapitalFX is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. KapitalFX 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 KapitalFX to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from KapitalFX, without going the civil action route. A number of KapitalFX victims have managed to recover their investment 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 KapitalFX broker.
Have You Invested With This Broker?
Watch this short video to understand more about the investment scams
Do You Need To Recover Your Funds?
MyChargeback is verified and recommended by Scam-Rescue
More reasons why you shouldn’t trust KapitalFX
No regulation
It is a major setback. As we have noted, Kapitalfx is not regulated by BaFin in Germany, nor by any other official financial regulator such as the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). And although the brokers boast of being based in Frankfurt am Main, Germany, we could not find the company behind it – Altea Investments Limited in the German trade register, the Handelsregister, it is therefore most likely based somewhere abroad.
Keep in mind that trading with unregulated brokers is extremely risky, as most of them simply run scams.
Properly regulated brokers, on the other hand, are reliable, due to the strict supervision to which they are subject and the customer compensation schemes supported by practically all regulators in Europe and some others. For example, if you trade with a CySEC broker, the fund in your trading account will be guaranteed up to 20,000 EUR, even if your broker goes bankrupt. Likewise, with an FCA broker, your business account insurance will cover up to £ 50,000.
Unusual withdrawal and deposit conditions
Kapitalfx says they accept various payment methods, including credit cards like VISA and MasterCard, bank transfers and electronic wallets like Neteller and Skrill and IaccPay.
However, we encountered several rather unusual clauses in their general conditions. For example, you can withdraw funds only by bank transfer (here, the minimum withdrawal amount is $ 200), and also when making a deposit via a credit card, say VISA, you will need to use the “redemption” option. automatic vouchers, “which will make your case considerably more difficult if at some point you decide to request a refund from your credit card provider – something you may want to do if you have been the victim of ‘a scam.
Conclusion:
Kapitalfx is an unreliable and unregulated offshore broker, whom we suspect is involved in a scam. As always in such cases, we strongly advise you to choose only formal brokers with legitimate licenses from respectable financial authorities such as FCA, CySEC or ASIC.
Unfavorable clauses in the broker’s conditions of use
When we read the broker’s terms and conditions, we came across a clause that seems quite unfavorable to his clients.
Website: https://kapitalfx.de
Phone: N/A
Email: suppot@kapitalfx.de
Company: Altea Investments Limited
Address: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, 1574, Saint Vincent and the Grenadines.
Regulation: Not Regulated
Domain Name: kapitalfx.com
Registry Domain ID: 1991811985_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2017-01-10T16:06:40Z
Creation Date: 2016-01-05T16:05:50Z
Registrar Registration Expiration Date: 2026-01-05T16:05:50Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrar Abuse Contact Phone: +1.4806242505
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID: Not Available From Registry
Registrant Name: CEM ARI
Registrant Organization: REEL KAPITAL MENKUL
Registrant Street: Dereboyu Caddesi, Bilim Sokak Sun Plaza
Registrant Street: Maslak
Registrant City: Istanbul
Registrant State/Province: Sariyer
Registrant Postal Code: 34485
Registrant Country: TR
Registrant Phone: +90.5498072767
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: systemmonitor@kapitalfx.com
Registry Admin ID: Not Available From Registry
Admin Name: CEM ARI
Admin Organization: REEL KAPITAL MENKUL
Admin Street: Dereboyu Caddesi, Bilim Sokak Sun Plaza
Admin Street: Maslak
Admin City: Istanbul
Admin State/Province: Sariyer
Admin Postal Code: 34485
Admin Country: TR
Admin Phone: +90.5498072767
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: systemmonitor@kapitalfx.com
Registry Tech ID: Not Available From Registry
Tech Name: CEM ARI
Tech Organization: REEL KAPITAL MENKUL
Tech Street: Dereboyu Caddesi, Bilim Sokak Sun Plaza
Tech Street: Maslak
Tech City: Istanbul
Tech State/Province: Sariyer
Tech Postal Code: 34485
Tech Country: TR
Tech Phone: +90.5498072767
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: systemmonitor@kapitalfx.com
Name Server: NS-703.AWSDNS-23.NET
Name Server: NS-252.AWSDNS-31.COM
Name Server: NS-1349.AWSDNS-40.ORG
Name Server: NS-1717.AWSDNS-22.CO.UK
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2020-01-03T05:00:00Z <<<
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