It is a hot fad among ambitious traders to try their luck on so-called binary robot software which can place trades on your behalf. QcapitalForex is one of them. If you consider this kind of business, you ought to be vigilant and do your own research prior to making the first investment.
It is an automated binary option online platform aimed at giving customers a steady cash influx and increasing their financial well-being. The team of professional brokers curate traders’ accounts and can bank on promising trade signals at the behest of a user. Sounds very altruistic and inspiring, doesn’t it? Just create an account, fuel it with some hundreds of dollars, and let trading bots do the rest of the job for you. Where’s the catch?
QcapitalForex is an unregulated, anonymous broker and even does not try to hide this. At their website, there is a clearly-visible statement on the very homepage bottom: Financial Industry Regulatory: NO. Apart from the absence of regulatory information, it is also difficult to figure out what company runs the website. There is only a contact address in New York: 1927 Broady, Way, New York, NY 10023, USA. If you put this address in Google, the result will give QCAPITALFOREX site.
If QcapitalForex operates within the USA borders, it will be obligatory for them to be licensed by the USA Securities and Exchange Commission and be a registered member of the National Futures Association. But the broker is not regulated by any authoritative regulator, neither in the USA nor in Europe.
Users can trade Forex, Binary, and Cryptos with BinaryForexTrade. The broker provides a 100% web-based, mobile-compatible platform featuring all essential functionality to research stocks, place orders, access real-time quotes, learn daily and monthly market overviews, and manage financial portfolios.
The platform offers three investment plans: Silver, Gold, and Platinum. They differ by the amount of the minimum deposit ($500 for a Silver account) and included privileges. All plans provide:
QcapitalForex accepts wire transfers, Bitcoin, and Perfect Money payments.
! Possible scam
Payments with VISA or MasterCard are not supported as well as with any e-wallet.
This fact does not give the broker a credibility boost because all traders know: if you have paid with VISA or MasterCard, you have a right to ask the bank, which holds your plastic, for chargeback within 540 days while with bank transfers or crypto payments, such option is not available.
QcapitalForex is an anonymous, non-regulated, binary options automated online platform, offering managed accounts. There is no demo account to try their trading conditions first hand, and their banking methods are very scarce. Their minimum deposit is $500, which is very high, as most online brokers are satisfied with just $250 as an initial investment. Think twice before you decide to have your financial portfolio managed by the robot binary software suggested by BinaryForexTrade.
7 Comments
28/04/2021
Right the moment I entered my personal data my email was filled with suspicious and and TONS OF SPAM I have no idea how to cope with. Luckily, that stopped me in time before charging the deposite, it was a close call before being robbed
11/03/2020
lack of withdrawal methods. I CANNOT TAKE MY MONEY OUT OF HERE! Recently I was in need to close the deal and take the money, but there is only one method of withdraw – with immense commissions and through unverified systems – sounds suspicios…
12/10/2019
Wanted to learn more about being a broker, so fill out the form and waited… zero reaction. Nobody contacted, and even the site showed no changes… “Amazing” sevise, what can I say
05/10/2019
This office only works for gullible traders to make a deposit. It’s impossible to get money out of here. And any amount. There are constant failures, then verification, then a failure in the systems, then something else. Everything is done here so that the client merges the account and does not have reasonable claims against the company. Therefore, one way or another you will merge the score. Do not mess with such scum.
31/07/2019
I am completely dissatisfied with the withdrawal process, the verification problem was very complicated and complicated ((9. They continue to verify my verification status, while during this time I was asked for a bonus deposit. Stay further from such a broker, it is very difficult to withdraw
04/06/2019
Perfect for newcomers! I’m pleased with fast and accurate cash flow. Replenishment and withdrawal without delay. Friendly client support team and excellent educational program! Perfect for the newcomers – safe and simple!
01/06/2019
The broker website states that withdrawals are processed within 24 hours but in reality they take 7-10 days to complete the payout. Don’t misinform your clients with bombastic rhetoric or deliver on your promises!
500$
yes
Own trading platform
2014
USA
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