Read our Ambit Capital review to see if we recommend this broker for trading. Just to clear doubts, this is an ambitcap.com review.
Is Ambit Capital Legit or Scam?
After taking a look at their website, it shows that they do not fall under any regulatory agency. That is a MAJOR RED FLAG!! That alone should be enough for you NOT to invest with them. They also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous scammers.
So, Ambit Capital is just another unregulated forex broker, which means the customers aren’t 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.
How does the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try 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 hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, the clients get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Ambit Capital reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
Withdrawing funds
You should submit a withdrawal request immediately, 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 doesn’t 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 doesn’t 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 from Ambit Capital?
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 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 they deceived you into depositing money for a non-regulated trading company. Mention also that 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 [email protected] but don’t let your broker know they you read this article or that you are contacting us.
What about wire-transfers?
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 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 where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. 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 don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Ambit Capital reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Ambit Capital, 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, mention it in the comment or let us know about it. Also, if you get phone calls from other companies, please put the name of these companies in the comment. Or you can send them directly to us and we will expose them too.
Ambit Capital Review Conclusions
Making the Ambit Capital review was our pleasure, and we hope to save as many people 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 Ambit Capital 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.
It’s a 100% scam. I invested a significant amount of money and was told within days that I had lost everything, that I had to add more money to try to recover what was lost. Report them.
Yes they are scammers. They kept on asking more money. They let me withdrew a bit of money but turned my capital to zero. Lucas made me angry. Ambitcap Australia was my first time but worst. Don’t trade with them. Better put your money somewhere.
(1/5)
Hello Alexander, how much money could you recover? Do you lost money with them? Thank you.
I think I have been scammed by them for a lot of money transfers mostly sent via unitpayments not sure if the value of my portfolio is real or not but trading platform looks real.
when I checked to see if they were scammers late Jan no scammers came up for them
Do not deal with these guys
Big time scam you will not see your money again they force you in to investing more and more to keep your account and brain wash you all trades that they say you have in and what you can see is fake
(1/5)
This is a scam, withdrawal pending over a week they have been reported
(1/5)
Scam! Invested 15k over 2 wk period. The profits skyrocketed to 144k. I was told several times that it was not a good time to withdraw. Finally asked to close account by liquidation. They are requesting 25k in fees in order to close account!!!!
Scam
1000% scammer. I can’t get my money back. I tried 6 times already withdrawing my money but 5 times denied. They keep on sending & calling me other employee to convince me to do trading again and always telling them that I don’t want to do trading anymore and just want my money back but, no luck. It’s good I didn’t fall from their convincing power of adding more money on my account. That Lucas even asking me to do a loan from some company he knows when I told him that I can not afford to add more money on my trading. From there I know it was a scam.