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.
Own trading platform