If you thought you’d be making money on this dubious online trading portal, you should probably read this Cred Capital review first. Our investigation shows disturbing findings pertaining to how this company operates.
Besides the fact that the firm owns no legit Forex trading license, they’re also a non-existent firm at this point. Take proper care of your financial endeavors and assets and don’t fall for the cheap trickery.
| Regulated by: | Unregulated Broker |
| Is This Company Safe? | No, this company owns no license yet sells online financial services! |
| Known Websites: | cred.capital |
| Have Warnings from: | N/A |
| Registered in: | UK (alleged) |
| Operating since: | 2023 |
| Trading Platforms: | N/A |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | No |
| Trading Assets: | Crypto, Commodities, Forex, Shares, Indices, Metals |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Payouts are denied by these schemers – we advise you to contact our legal professionals and let them handle the withdrawal issues. |
Firm Doesn’t Exist
The Cred Capital Forex fraud attempts to deceive customers by presenting information about a dissolved company once registered with the UK Companies House. This firm, which ceased to exist in January 2023, operates to this day and still tries to convince its targets to invest.
Although the company itself was registered in the UK, they were never licensed by the jurisdictional regulatory authority – FCA. What’s more, they never owned any certificate at all, let alone one from a Tier 1 entity like CySEC, BaFin, CNMV, or NFA. Our warm recommendation is to avoid this site altogether, just as you would any other fraud, like Otc-500, for example.
Propaganda Aimed at Many
September 2023 was when the site was initially launched, yet there are no Cred Capital reviews to be found online. Swindlers primarily target traders residing in these countries:
- United States
- Mexico
- Ukraine
It is evident from the company’s Facebook page that they tried to convince thousands of people to invest in their shady service that promises high gains. Fast cars, luxury apartments and exotic travels are just some of the benefits that this scheme would allegedly provide.
Promoting quick riches is known to motivate Forex newbies to invest more, even without any proof that such profit is possible. Naturally, anyone who ever invests in unrealistic promises ends up being robbed. Do not let that happen to you and contact our chargeback professionals for help with stolen funds recovery.
They Want You to Lose
Trading conditions are one of the most accurate signs of a firm being a fraud. Due to regulatory restrictions, online trading businesses can’t offer leverage higher than 1:30 and 1:50 to US and EEA traders.
These charlatans actually provide a ratio of up to 1:400. Furthermore, to make their offer even more attractive, they promote tight spreads of just 0.1 pips. This is equally fake as the guaranteed profit they promise.
No other costs and commissions are revealed, either by the website or legal papers, so we recommend you to watch out for hidden fees, especially pertaining to Cred Capital withdrawal.
Trading Tools Aren’t Even There
Everything seems fine and dandy on this site, as it urges you to register a Cred Capital login. However, that is not possible without a Promo code.
That effectively prevented us from joining the platform and exploring what it has to offer. No loss there apparently, as the firm never had much to be proud of anyway, just like other fraudsters and con artists – Swapsimple included.
Platform is Hidden
Access to the Cred Capital app is blocked for those that do not have a live trading account. There are several links on the site that should enable a download for desktop and mobile software as well as the link to the web terminal. Alas, all these do is refresh the homepage as if the platform doesn’t even exist.
It wouldn’t be a surprise to see no software solution at all. Scammers are all talk until you deposit. After they’ve taken your money, the rest doesn’t matter.
Alleged Asset Groups
The Cred Capital scam promises a lot. One of the elements of their trickery is the number of supposed instruments for buying and selling.
Since there was no way to confirm the availability of these products, we’d advise you not to believe that all of these are provided:
- Crypto – BTC, BCH, BNB
- Commodities – Coffee, Cotton, Sugar
- Forex – EUR/USD, USD/GBP, EUR/CHF
- Shares – Amazon, Apple, Nvidia
- Indices – HK50, AUD200, JPY225
- Metals – Silver, Gold
Featureless Packages
There is absolutely no reason at all to attempt to buy a Cred Capital account. All of the packages mentioned don’t reveal their minimum deposit requirements and basically only differ in the spreads they allegedly offer. Here are how they are named since that’s all you can see on the site:
- Micro
- Mini
- Classic
- Premium
- ECN
Do Payout Channels Work?
It’s optimistic to think that all the advertised funding methods are actually accepted. The site will have you believe to be able to transfer money via crypto and E-wallets, but we doubt all of that to be available. Since we had no access to the client dashboard, we could not determine how the payments work.
Legal documentation is scarce and provides no insight into monetary transactions, processing time and fees. Therefore, it would be better to avoid giving this sham a single penny.
Support via Email
The help desk allegedly operates 24/7 and is there to assist every client in need. That would be quite impressive if the only way to contact the company wasn’t an inactive email address. There’s no other channel to attempt to establish communication with the firm.
Funds Stolen! How to Recover Them?
Despite how devastating it seems at first, please understand that financial deception and defrauding happen daily and that you are not alone. If you seek help with fund recovery, we encourage you to reach out to our chargeback experts.
With the knowledge and experience we have, you will be able to issue a chargeback and take back your investment in no time. Contact our chat agents for further instructions on how to book a free consultation.
FAQ Section
What is Cred Capital?
Cred Capital is a suspicious website run by a dissolved company that sells brokerage services.
Is Cred Capital Legit?
This firm doesn’t own a Forex certificate from FCA, despite their claims about being legitimately operating in the UK.
Where is Cred Capital Based?
There’s claims about the firm being headquartered in the UK, but we suspect offshore activity. IF you’re having issues with this entity, contact our chargeback advisors.
Source:
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