Caution! Alg.capital is an offshore company! Your funds may be at risk.
RECOMMENDED FOREX BROKER
Alg.capital Key Features
🔴 Alg.capital is an officially exposed scam. Avoid!
🔴 Alg.capital has negative customers reviews. A red flag!
🔴 Alg.capital is not transparent. A red flag!
🔴 Alg.capital creates unrealistic expectations. A red flag!
Alg.capital Products and Services
Alg.capital is a fake brokerage pretending to offer leveraged trading and CFDs. Well, it doesn’t do so- that’s a scam disguised as a Forex broker, so make sure to avoid it. We can say it because Alg.capital is a clone firm exposed by the authorities, and we’ll discuss the warning in the following section. Nevertheless, it’s worth noting that Alg.capital claims to be regulated by FCA, but at the same time, it also provides 1:500 leverage. That’s quite an inconsistency as the ratio is no longer allowed by the British regulator, so the offering more or less proves there is something wrong with Alg.capital. That’s a scam!
Scams involve investments with ultra-high ROIs, get-rich-quick schemes, or guaranteed profits. Always be wary of investment possibilities that offer a large return with little or no risk — if it seems too good to be true, it most likely is, so that’s potentially a scam. Also, note that during volatile times, any investment that regularly increases month after month—or that produces astonishingly stable returns independent of market conditions—should raise questions. Even low-risk investments are not entirely secure. Therefore, every time you see promises for risk-free guaranteed profits, you should remain sceptical because these people aim to create a false sense of security. Beware!
Alg.capital Company and Regulation
|Company:||ALG Capital Ltd|
Alg.capital pretends to be a British company, but that’s far away from the truth. Indeed, the brokerage is actually anonymous and probably totally illegal. Most importantly, though, the British regulator FCA already detected Alg.capital and exposed it as a scam scheme with its warning. In the publication, the authority reveals that Alg.capital is a clone firm impersonating a duly registered and licensed company. That’s a scam!
Almost all regulators frequently update their warning lists with shady business entities selling financial products and services without authorization. In other words, all these companies are breaching financial rules and regulations; therefore, they are unsafe and, most usually, scams. Needless to say, you should avoid any company with a warning on its name.
The US regulators are no exception. For example, SEC has its PAUSE list, including business entities falsely claiming to be registered, licensed, or located in the States. The PAUSE Program also lists impersonators, fictitious regulators, governmental agencies, or international organizations- scams, in other words. Additionally, CFTC maintains a RED list (Registration Deficient List) containing names of unauthorized foreign entities that appear to be acting in a way that requires registration with the CFTC. However, the RED list inclusion doesn’t necessarily mean that the particular entity has been caught in violation, but you’d better remain cautious.
The bottom line is that you should avoid any investment scheme with a warning on its name, and generally, any firm that’s not regulated but offers financial services.
Alg.capital Address and Contacts
|Address:||958 Prosser Hill Rd, Jamestown, NY, 14701, USA- fake|
|Phone number:||+14696725660; +12264451187; +16316333693; +19174100863|
|E-mail:||[email protected]; [email protected]; [email protected]|
Alg.capital’s address and most of the phone numbers are all fake. We haven’t tried them one by one as we already know that’s a scam. Still, the fact that they provide such information indeed suggests fraud because they apparently want to mislead customers and also remain anonymous. The absence of transparency is more than enough to realise that there is something wrong with Alg.capital.
For investments, transparency is essential since you should know who is managing your money and where it actually is. Legitimate businesses always operate in a transparent manner, and they are required by law to disclose their headquarter address, phone numbers, and all legal documents that detail the provisions of the service. And our experience tells that if you can’t reach these people over the phone number provided, can’t verify the locations, or can’t confirm in any other way that the investment provider is authorized to sell financial goods, then that’s most likely a fraud. So, regardless of the warning issued, we can guess there is something wrong with the investment scheme in question.
Alg.capital Website Info
|Alexa Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-10-28|
|Owner||Withheld for Privacy Purposes|
|Administrator||Withheld for Privacy Purposes|
Is Alg.capital Safe?
Alg.capital is not safe. The fake brokerage is an exposed scam, so make sure to avoid it, or you’ll lose money to fraud if you deposit there.
For various reasons, dealing with unregulated investment platforms is always a terrible idea. Above all, the lack of regulation strongly signals that something fishy is going on there, as only licensed companies can provide investment services. As you might expect, scams can’t thrive in a robust regulatory environment, so consider twice before depositing with unlicensed investment providers.
A scam or a fraud is any crooked scheme devised to defraud you out of money or steal your personal information, and every scam setting is practically unregulated. Scammers work with hackers, too, and often buy bulky packages of information, including phone numbers, e-mails, social media profiles and other personal details of customers, which greatly facilitate scams. So, if someone contacts you out of a sudden, you’d better always consider the possibility that it could be a scam.
Scammers target many people and constantly evolve their approach making scams harder to recognise. In particular, the crypto scam is now booming for two particular reasons- lack of knowledge and popularity. There is a third one, too- scammers take advantage of the less regulated environment to lure people into crooked scam settings that have nothing to do with crypto at all. In any case, it’s getting harder to spot potential fraud, but warnings issued by regulators help to raise awareness, and you’d be much better off if you always research thoroughly before any investments have occurred. Markets are plagued by scammers, and it’s for real.