Ambitcap claims to be a trusted firm, yet it doesn’t reveal what legal entity runs it. That’s especially surprising since the company claims to be registered in Switzerland.
Luckily, investigating any details nowadays has become a piece of cake. Still, it can be time and energy-consuming. That’s why we have it all covered in this unbiased Ambitcap review.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Ambitcap.com |
| Have Warnings from: | ASIC, CNMV, FSMA |
| Registered in: | Switzerland (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | $1.500 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, shares, NFTs |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Withdrawing funds from a broker that is found on multiple warning lists is practically impossible. Instead, traders have to use refund methods to get their funds back. To find out what are your best choices, contact our refund experts for consultation. |
Legal info: Is Ambitcap Legit or a Scam?
If you didn’t know, all Swiss-based firms should have a license from the local regulatory agency FINMA. But of course, with low transparency about legal information, it’s hardly believable that Ambitcap company has been registered there. Indeed, they are not. The company has no other top-tier regulations required to operate in Europe, America, or Australia.
Another proof this company is an absolute scam is multiple warnings from trusted regulators, starting with Australian ASIC, Spanish CNMV, and Belgian FSMA.
Who are Ambitcap’s Victims?
Since the company’s domain was registered in 2023, it’s not surprising there are no Ambitcap reviews available. As with the domain age, we can check the website traffic. This leads to the potential target countries of a company. In this case, those are:
- Spain
- Australia
- Canada
- Portugal
- France
Some of these can be proven by warnings issued by respective regulators. For the others, it’s just a matter of time before they start publishing warnings. All in all, too many warning signs for an investment firm. If you get scammed by them, don’t hesitate to reach our refund experts for advice.
Leverage, Commissions, Spreads, Fees and Taxes
One of the key issues with the Ambitcap investing firm is non-transparent fees, spreads, and commissions. Without these, traders will never know what are the true costs of investing. At least not until the moment they want to withdraw the funds. That’s where the cards will be unfolded.
Nevertheless, one of the transparent conditions reveals the company doesn’t operate according to regulations. As can be seen, there is a leverage of up to 1:200 offered, while all EU regulators allow a maximum of 1:30.
Bonuses
Another trick the Ambitcap Forex broker uses is the welcome bonus. Even though bonuses might be attractive to inexperienced traders, these often include malicious clauses preventing traders from withdrawing the funds. Of course, with this company, bonus conditions are not revealed.
Ambitcap Trading Features
Generally, the company presents us with some state-of-the-art trading tools and advanced trading features. However, they don’t precisely reveal any details about those. Even though they offer an MT5 download option, that doesn’t mean they offer it to traders.
Nevertheless, the company also promotes remote controlling apps like AnyDesk and ScreenLeap. These are very well-known features of scammers. Keep in mind never to allow access to those. If instructions are not good enough to guide you on how to set up something, then it’s not meant for you.
Trading Platforms Available
If the company was truly offering the MT5 platform, a WebTrader option would be available along with demo accounts. None of that is the case with this platform. Even if you get the MT5, it will be pointless if the company doesn’t allow you to withdraw your profits.
Available Trading Assets
One of the most popular assets with this broker is Ambitcap stocks. With ease of understanding, that’s quite a nice thing to promote to traders. However, they quickly opt for other options if needed, such as:
- Forex – USD/EUR, AUD/NZD
- Commodities – gold, crude oil
- Indices – NASDAQ, FTSE100
- Cryptos – BTC, LTC
- NFTs
Account Types
The minimum deposit requirement appears to be $1.500. However, they will likely accept anything above $250 in most cases.
All in all, very quickly after you deposit those $1.500, you’ll be practically forced to deposit more. Simply because of limitations with leverage and a 7-day trial of managed accounts. That’s where the company’s manipulative platform shows you the best results ever. Anyway, all options are:
- Basic – $1.500
- Silver – $25.000
- Gold – $50.000
- Platinum – $150.000
- VIP – Custom
Mobile Trading App
Indeed, the company advertises the Ambitcap platform to be available on a mobile device. Thus with all the warnings against them, we highly doubt any of that truly works. To find out how unregulated firms manipulate traders through platforms read our Reltex Group review.
Demo Account
Besides live Ambitcap account types, the company should also offer a demo or micro accounts. At least to give traders a chance to explore their costs without too much risk. Of course, that’s not the case. They want to catch traders unprepared.
Education
If the company were truly legit, they would intend to educate their traders properly. Sadly, with this brokerage traders won’t have any adequate education to improve their trading skills. That tells you all about this company.
Ambitcap Withdrawal
Important to realize is that the withdrawal procedure is an absolute mystery. Without transparent processing time and fees, everything is highly questionable. At least, traders know the options: bank withdrawals, e-wallets, cryptos, and wire transfers.
But be sure none of that will ever happen with Ambitcap scam broker. If you are interested in finding out more about crypto investments and all of their pros and cons, read our Gate.io review as well.
Customer Support
In general, the company provides us with 4 phone lines from the UK, Canada, Australia, and Spain. But none in Switzerland, where they allegedly operate. This shows you they mainly use VOIP services to hide their location.
Anyway, these useless contact options appear to be available from 7 AM to 7 PM GMT +1 (Monday – Friday).
Key Information To Consider About Ambitcap
With all the warnings and missing regulations, there’s nothing to consider but withdrawing or refunding funds deposited with this broker. For this reason, our team offers a free first consultation and step-by-step guide on how to refund funds from these scam brokers.
Time is the key. Don’t waste it before it’s too late. Get in touch now and start your refund process today!
FAQ Section
What is Ambitcap?
Ambitcap is a trading firm allegedly operating from Switzerland since 2023 without authorization from domestic regulator FINMA.
Is Ambitcap Legit?
Absolutely not. The company is not licensed in the first place and also there are warnings from ASIC, CNMV, and FSMA issued against them.
How to Get Money Back From a Scam Broker?
With a wide range of payment methods swindlers use to extort money, we suggest all traders talk to our refund experts first before making any moves.
Source:
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