Caution! Banktrade.capital is an offshore company! Your funds may be at risk.
Banktrade.capital Key Facts
🔴 Banktrade.capital offers questionable investment opportunities – a clear sign of a scam!
🔴 Banktrade.capital forges crucial contact information – beware!
🔴 Banktrade.capital lacks a license for the provision of its services – a huge red flag!
🔴 Banktrade.capital’s domain has been registered only recently – another off-putting detail!
Banktrade.capital products and services
Banktrade.capital is yet another high-yield investment scam – it claims that it can bring profit rates of upwards of 1% of your deposit daily – this much interest is not something that banks would grant you within a month, so how can Banktrade.capital achieve it in a day? It’s simple, really – it cannot, the company is simply trying to steal your money.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Banktrade.capital company and regulation
Banktrade.capital is not a licensed company – it claims that the address it is registered under is in the UK, and yet it does not hold a license to operate there – the FCA, the financial regulator in Britain has no information on Banktrade.capital.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Banktrade.capital address and contacts
Banktrade.capital provides us with the following addresses and a phone number – 6 Snow Hill London EC1A 2AY, 3851 Nh Ermelo Netherlands Ermelo Stationsstraat 2B, +15852073227. We have discussed how the British one is fake, but the one in the Netherlands is inaccurate as well – the company does not hold a license to operate there. The phone number is most likely similarly legitimate – aka not at all. It’s quite easy to print numbers by the hundred.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Banktrade.capital website info
Banktrade.capital’s website has been online since December 2020 – three months at time of writing. This, and the company’s incredible obscurity to where SimilarWeb does not even pick it up, are both scam signs. Another one is the fact that Banktrade.capital’s owners have concealed their identities from WhoIs lookups – we expect a higher degree of transparency from investment firms.
The IP it is hosted on, 220.127.116.11, is a Russian address which co-hosts over 120 other domains. None could be connected to the scam at hand though.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.