Read our Treasuredcap review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a treasuredcap.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Treasuredcap is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Treasuredcap in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Treasuredcap Review Conclusions
Making the Treasuredcap review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Treasuredcap review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
bugger, shit feeling knowing ive been scammed $3500 from treasuredcap. ” Ben silverman” was my contact. people beware. this sucks
when I signed up with Treasured Cap they called me up about 2 seconds later the first thing they said was why haven’t I activated my account Red Flag
Then shoving loads of crypto Jargain down my throat Red Fag
Asking me about my Bank and Credit card details Red Flag
Did not want me to read up on reviews on this website or research into how Yuan coin works Red Flag
And finally constant emails and phone calls from other brokers in the same Web trap Another Red Flag
ScamSite for sure Scumbags
I’ve contacted administration to get this removed. I joined treasuredcap a few months ago. My contact there is Ben Silverman. After believing I had lost my money Ben and the team there have done everything possible to retrieve my money and have done so. it was a matter of seconds between a trade and me withdrawing funds but after some back and forth the team at Treasured cap have been able to retrieve my funds. I’m not to proud to admit i was wrong and i look to move forward from here
thanks for the review I was about to invest
This website is fake!! they only want to sell you services , do not be stupid they will take your details
and use them to send you many shady offers
be ware !!!!
Hello, i have had a bad experience with treasuredcap too, looking back i cant believe i was so easily fooled. i was blinded by the opportunity of getting in early on the YCC the new chinese crytpo currency, now ive lost all my investment, plus the money i would have made. i invested $8600 USD. The account was going great, they seemed knowledgable, the profits in the account were up to 22000. I have the photos to prove this. then before making another deposit we asked for 10k back. which was about half of the balance. since then we’ve been shut out of our account and they won’t return my emails. we only asked for our initial deposit back. and that they could keep any profits. and they still wouldnt do it, i posted a review on trust pilot, and they responded saying i made a bunch of bad trades and lost all of the profits! luckily i had taken photos of my account. When i requested the withdraw, he said he would be in touch with email, then he went and opened a bunch of trades to freeze the assests. but even so there was sufficient profits available to cover the withdraw. I thought this the opportunity of a lifetime and now im completely soured on the experience.
Id like to leave a final comment. I was really suspicious regarding them after i had read a few comments as i had about $3500 invested with them, not the biggest amount of money but it was a decent amount to me.
I went to withdraw my money and Im happy to say that they have stuck to their word and my money is now in my account.
I was pretty abrupt with them as i thought i was going to be scammed out of my money But both Benjamin S and Heidi were both very professional the whole time even when i really wasn’t.
I was wrong about them and should have shown more trust. i appreciate how they handled my situation and would deall with them again
Hey Adam, do you have Ben silvemans email?
Hi Terry
It’s [email protected]
$15000 approximately aud all gone on an investment scam called yuan cripto currency coin, there is no such thing the Chinese only have a digital yuan and a phisical paper currency yuan they are one in the same ycc is a total fraud beware.
Hey John,
Did you get your money back?
Googled YCC and went into YuanPay group website, requested a broker from website and next treasuredcap.com broker called.
This is a SCAM – kept wanting me invest more money repeatedly.
According to them, account had make some profit under YCC, however, many requests sent to ask for a withdrawal – no responses.
You are warned before hand – don’t even think about this broker. They are just a bunch of scammers.
Please spread this out, even YCC appointed them as a broker – how crook is YCC?
I just tried to login treasurecap website but cant. and the email address of the person I talk to is Leo Miller but can’t send the email
I’m freaking out right now. I have about $35000 in my account
I don’t know what to do now
I don’t know how to contact them