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Scammed by Capital88 Broker?

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CAPITAL 88 Scam broker Review

A Forex and CFD broker, Capital88 is not a regulated broker and not registered with any renowned regulating authority in its area. Read a detailed review about this broker first if you are planning to trade with this broker.

About Capital 88

Capital88 offers a wide range of assets for its traders to choose from. One can select from all major and minor currency pairs as well as exotic currency pairs. The broker offers trading on CFDs based on Silver and Gold, CFDs on Oil and Natural gas, commodities, various stocks and others. Currently cryptocurrency CFD is not available.

The minimum amount of deposit needed with Capital88 is $250. There are several account types available with this broker which include a Basic account, Bronze account, Silver Account, Gold Account, Platinum Account and Black account. The amount required for Bronze is 2000$ and reaches to $25K for Platinum account. It goes more for Black Account which is reserved for exclusive clients.

Capital88 allows a number of payment options for funding your account. It includes Visa and Mastercard debit and credit cards, e-wallets like Neteller, PaySafecard etc and Bank wire transfer. Payment through Bitcoins is not available at the moment.

Is Capital 88 Scam or Legit?

Capital88 is not registered with a well-known financial authority in its region. The ownership and operation is governed by a company named BT Ventures Ltd. This company is based in Bulgaria and contact address is given from Bulgaria. The rules for a company based in EU countries is to register with a national financial authority or similar authority in another EU country. Facts say that Capital88 and BT Ventures Ltd is not registered with FCA in Bulgaria or Estonian Finantsinspektsioon. Thus we can say that the broker Capital88 is not registered and can be a scam broker. Your funds are not secured with them. Regulation is the biggest factor in determining whether a company is scam or not.

A very unusual Term for withdrawal also creates suspicion that the broker is a scam. They have put a condition for withdrawal which is really unusual. They say that if you agreed to take a bonus from the broker, you can withdraw funds only if you trade 30 times the bonus amount and your initial deposit amount. There are other unusual, confusing and contradicting terms and conditions which indicate that the broker Capital88 can be a scam.